Multi fuel Gas Turbines Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
|
A07224
|
Pages: NA
|
Dec 2020 |
38 Views
|
|
|
|
Author(s) :
NA
|
Tables: NA
|
Charts: NA
|
Formats*:
|
|
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Multi fuel Gas Turbines Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
Request Now !Multi fuel Gas Turbines Market Outlook - 2027
A multi fuel gas turbine is the core of a power plant, and is also known as combustion turbine. Multi fuel gas turbines are generally required to produce electric current. A multi fuel gas turbine is an engine, which is used to transform other liquid fuels or natural gas to mechanical energy. This mechanical energy then drives a generator and produces electrical energy. A multi fuel gas turbine consists of three main elements, an upstream rotating gas compressor; a combustor; and a downstream turbine on the same shaft as the compressor. To convert the energy into electricity, a mixture of fuel and air at very high temperature is heated by the gas turbine that causes the turbine blades to spin. The spinning turbine drives the generator, and thus electricity is generated. Therefore, owing to these features, it is expected to witness significant growth of the wind turbine shaft market over the forecast timeframe.
Market scope and structure analysis:
|
Report Metric |
Details |
|
Market size available for years |
2019–2027 |
|
Base year considered |
2019 |
|
Forecast period |
2020–2027 |
|
Forecast unit |
Value (USD) |
|
Segments covered |
Application, End User, and Region |
|
Regions covered |
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
|
Companies covered |
Sinovel, Siemens, Ming Yang, Guodian United Power, Nordex, Dewind, Senvion, Wärtsilä, MHPS, and GE |
COVID-19 scenario analysis:
- The decline in the demand for industrial activities, including transportation, petrochemicals, and others is expected to hamper the multi fuel gas turbines market growth.
- Additionally, insufficiency in raw material supply further affects the production rate of the multi fuel gas turbines market, thus affecting the multi fuel gas turbines supply chain management.
- Furthermore, large dependency on Chinese exports and recent ban on power equipment from China are expected to create supply demand gap in the market. In 2018-2019, India imported around 30% of its total power equipment from China.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The adoption of combined cycle wind turbines and integrated wind combined cycle in the industrial and commercial sectors is the major driving factor for the multi fuel gas turbines market. These technologies generate high efficiency and eco-friendly electricity and power. Additionally, thermal efficiency of multi fuel gas turbines is generally higher than of a reciprocating engine. Multi fuel gas turbines also have very high power to weight ratio and greater reliability. However, the major restraints of multi fuel gas turbines include high overnight cost, longer start-up, and less responsive to changes in power demand.
The multi fuel gas turbine market trends are as follows:Â Â Â Â Â
New product launches to flourish the market
New products that contain improved capabilities have been launched by leading market players. They have taken the necessary steps to improve the accuracy of devices and overall functionality. The multi fuel gas turbine combined cycle is the recent development in the industry that has the potential to conduct secondary power generation by a steam turbine and utilize the exhaust heat expelled after rotating the multi fuel gas turbines. Furthermore, to remove noise emission, peak motor speeds are pursued. The major manufacturers of the multi fuel gas turbines market also attempt to make turbines more visually attractive with the help of recent technologies.
Surge in usage in automotive and industrial applications
Manufacturers focus to produce new products for specific applications as there are varying demands based on utilization. Multi fuel gas turbines are cost-effective and have to comply with strict regulations. Furthermore, multi fuel gas turbine has its major application in water pumping activities.
Key segments covered:
|
Segments |
Sub-Segments |
|
Application |
|
|
End User |
|
|
Region  |
|
Key benefits of the report:
- This study presents the analytical depiction of the multi fuel gas turbine market along with the current trends and market estimation to determine the imminent investment pockets.
- The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the multi fuel gas turbine share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the multi fuel gas turbine market growth scenario.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
- This report helps users in comprehending the key product segments and their future.
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
REQUEST TOC/SAMPLE
Purchase Full Report of
Multi fuel Gas Turbines Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. Â T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.