Gas Turbine Market Analysis and Forecast to 2032: By Application (Power Generation, Oil and Gas, Others), Technology (Open Cycle, Combined Cycle), Rated Capacity (1–40 MW, 40–120 MW, 120–300 MW, Above 300 MW), and Region

A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber in-between. Gas turbines are used to power aircraft, trains, ships, electrical generators, pumps, and gas compressors.

Key Trends

There are three key trends in gas turbine technology: higher temperatures, higher pressures, and higher speeds.

Higher temperatures and pressures allow for more efficient combustion and higher power output. Higher temperatures and pressures allow for more complete combustion of the fuel, which results in more power being generated. Higher speeds allow for smaller, lighter turbines that can operate at higher speeds and produce more power.

The trend towards higher temperatures, pressures, and speeds is driven by the need for more efficient and powerful gas turbines.

Key Drivers

The key drivers of the gas turbine market include the increased demand for power, the need for cleaner energy sources, and the advancement of technology.

The demand for power has been increasing globally as the worlds population and economy continue to grow. This has led to an increase in the demand for electricity, which has in turn led to an increase in the demand for gas turbines.

The need for cleaner energy sources has also been a driver of the gas turbine market. As awareness of the impact of greenhouse gas emissions on the environment has grown, there has been an increased focus on finding cleaner energy sources. Gas turbines emit less carbon dioxide than other forms of power generation, such as coal-fired power plants.

The advancement of technology has also played a role in the growth of the gas turbine market. The development of new materials and manufacturing processes has led to more efficient and powerful gas turbines. This has made them more attractive to power companies and has helped to drive down the cost of power generation.

Restraints & Challenges

The key restraints in Gas Turbine market include the high cost of investment, stringent emission regulations, and the need for a skilled workforce. The high cost of investment is a major challenge as it limits the adoption of gas turbines in small and medium enterprises. The stringent emission regulations are another challenge as they limit the use of gas turbines in areas with high environmental sensitivity. The need for a skilled workforce is a challenge as it limits the adoption of gas turbines in developing countries.

Market Segmentation

The Gas Turbine market is segmented by application, technology, rated capacity and region. By application, the market is divided into power generation, oil & gas and others. By technology, the market is classified into open cycle and combined cycle. By rated capacity, the market is segmented into 1–40 MW, 40–120 MW, 120–300 MW and above 300 MW. By region the market is segmented into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The key players operating in the global gas turbine industry include Ansaldo Energia, Bayerische Motoren Werke AG ,Bharat Heavy Electricals Limited, Capstone Green Energy, Caterpillar Inc. , General Electric Company, Harbin Electric Company Limited, IHI Corporation, Kawasaki Heavy Industries Ltd., and Mitsubishi Hitachi Power Systems.

Gas Turbine Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Gas Turbine Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of the Gas Turbine market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Gas Turbine Market industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Gas Turbine Market along with the current trends and future estimations to depict imminent investment pockets. The overall Gas Turbine Market Industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Gas Turbine Market are also analyzed.

 

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Gas Turbine Market Outlook
3.1. Gas Turbine Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Gas Turbine Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Gas Turbine Market
4.3. Economic Impact Analysis

Chapter 5. Gas Turbine Market by Application
5.1. Market Overview
5.2. Power Generation
5.2.1. Market Size and Forecast
5.2.2. Market Size and Forecast, by Region
5.3. Oil and Gas
5.3.1. Market Size and Forecast
5.3.2. Market Size and Forecast, by Region
5.4. Other
5.4.1. Market Size and Forecast
5.4.2. Market Size and Forecast, by Region

Chapter 6. Gas Turbine Market by Technology
6.1. Market Overview
6.2. Open Cycle
6.2.1. Market Size and Forecast
6.2.2. Market Size and Forecast, by Region
6.3. Combined Cycle
6.3.1. Market Size and Forecast
6.3.2. Market Size and Forecast, by Region

Chapter 7. Gas Turbine Market by Rated Capacity
7.1. Market Overview
7.2. 1-40 MW
7.2.1. Market Size and Forecast
7.2.2. Market Size and Forecast, by Region
7.3. 40-120 MW
7.3.1. Market Size and Forecast
7.3.2. Market Size and Forecast, by Region
7.4. 120-300 MW
7.4.1. Market Size and Forecast
7.4.2. Market Size and Forecast, by Region
7.5. Above 300 MW
7.5.1. Market Size and Forecast
7.5.2. Market Size and Forecast, by Region

Chapter 8. Gas Turbine Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Gas Turbine Market Size and Forecast by Application
8.2.3. North America Gas Turbine Market Size and Forecast by Technology
8.2.4. North America Gas Turbine Market Size and Forecast by Rated Capacity
8.2.5. North America Gas Turbine Market Size and Forecast by Country
8.2.6. The U.S.
8.2.6.1. The U.S. Gas Turbine Market Size and Forecast by Application
8.2.6.2. The U.S. Gas Turbine Market Size and Forecast by Technology
8.2.6.3. The U.S. Gas Turbine Market Size and Forecast by Rated Capacity

8.2.7. Canada
8.2.7.1. Canada Gas Turbine Market Size and Forecast by Application
8.2.7.2. Canada Gas Turbine Market Size and Forecast by Technology
8.2.7.3. Canada Gas Turbine Market Size and Forecast by Rated Capacity

8.2.8. Mexico
8.2.8.1. Mexico Gas Turbine Market Size and Forecast by Application
8.2.8.2. Mexico Gas Turbine Market Size and Forecast by Technology
8.2.8.3. Mexico Gas Turbine Market Size and Forecast by Rated Capacity

8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Gas Turbine Market Size and Forecast by Application
8.3.3. Europe Gas Turbine Market Size and Forecast by Technology
8.3.4. Europe Gas Turbine Market Size and Forecast by Rated Capacity
8.3.5. Europe Gas Turbine Market Size and Forecast by Country
8.3.6. Germany
8.3.6.1. Germany Gas Turbine Market Size and Forecast by Application
8.3.6.2. Germany Gas Turbine Market Size and Forecast by Technology
8.3.6.3. Germany Gas Turbine Market Size and Forecast by Rated Capacity

8.3.7. France
8.3.7.1. France Gas Turbine Market Size and Forecast by Application
8.3.7.2. France Gas Turbine Market Size and Forecast by Technology
8.3.7.3. France Gas Turbine Market Size and Forecast by Rated Capacity

8.3.8. U.K.
8.3.8.1. U.K. Gas Turbine Market Size and Forecast by Application
8.3.8.2. U.K. Gas Turbine Market Size and Forecast by Technology
8.3.8.3. U.K. Gas Turbine Market Size and Forecast by Rated Capacity

8.3.9. Spain
8.3.9.1. Spain Gas Turbine Market Size and Forecast by Application
8.3.9.2. Spain Gas Turbine Market Size and Forecast by Technology
8.3.9.3. Spain Gas Turbine Market Size and Forecast by Rated Capacity
8.3.10. Italy
8.3.10.1. Italy Gas Turbine Market Size and Forecast by Application
8.3.10.2. Italy Gas Turbine Market Size and Forecast by Technology
8.3.10.3. Italy Gas Turbine Market Size and Forecast by Rated Capacity
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Gas Turbine Market Size and Forecast by Application
8.3.11.2. Rest of Europe Gas Turbine Market Size and Forecast by Technology
8.3.11.3. Rest of Europe Gas Turbine Market Size and Forecast by Rated Capacity

8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Gas Turbine Market Size and Forecast by Country
8.4.3. Asia-Pacific Gas Turbine Market Size and Forecast by Technology
8.4.4. Asia-Pacific Gas Turbine Market Size and Forecast by Application
8.4.5. Asia-Pacific Gas Turbine Market Size and Forecast by Rated Capacity
8.4.6. China
8.4.6.1. China Gas Turbine Market Size and Forecast by Application
8.4.6.2. China Gas Turbine Market Size and Forecast by Technology
8.4.6.3. China Gas Turbine Market Size and Forecast by Rated Capacity

8.4.7. India
8.4.7.1. India Gas Turbine Market Size and Forecast by Application
8.4.7.2. India Gas Turbine Market Size and Forecast by Technology
8.4.7.3. India Gas Turbine Market Size and Forecast by Rated Capacity

8.4.8. Japan
8.4.8.1. Japan Gas Turbine Market Size and Forecast by Application
8.4.8.2. Japan Gas Turbine Market Size and Forecast by Technology
8.4.8.3. Japan Gas Turbine Market Size and Forecast by Rated Capacity
8.4.9. South Korea
8.4.9.1. South Korea Gas Turbine Market Size and Forecast by Application
8.4.9.2. South Korea Gas Turbine Market Size and Forecast by Technology
8.4.9.3. South Korea Gas Turbine Market Size and Forecast by Rated Capacity

8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Gas Turbine Market Size and Forecast by Application
8.4.10.2. Rest of APAC Gas Turbine Market Size and Forecast by Technology
8.4.10.3. Rest of APAC Gas Turbine Market Size and Forecast by Rated Capacity

8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Gas Turbine Market Size and Forecast by Application
8.5.3. Rest of the World Gas Turbine Market Size and Forecast by Technology
8.5.4. Rest of the World Gas Turbine Market Size and Forecast by Rated Capacity
8.5.5. Rest of the World Gas Turbine Market Size and Forecast by Country
8.5.6. Latin America
8.5.6.1. Latin America Gas Turbine Market Size and Forecast by Application
8.5.6.2. Latin America Gas Turbine Market Size and Forecast by Technology
8.5.6.3. Latin America Gas Turbine Market Size and Forecast by Rated Capacity
8.5.7. Middle East
8.5.7.1. Middle East Gas Turbine Market Size and Forecast by Application
8.5.7.2. Middle East Gas Turbine Market Size and Forecast by Technology
8.5.7.3. Middle East Gas Turbine Market Size and Forecast by Rated Capacity

8.5.8. Africa
8.5.8.1. Africa Gas Turbine Market Size and Forecast by Application
8.5.8.2. Africa Gas Turbine Market Size and Forecast by Technology
8.5.8.3. Africa Gas Turbine Market Size and Forecast by Rated Capacity
8.5.9. Rest of LAMEA
8.5.9.1. Rest of LAMEA Gas Turbine Market Size and Forecast by Application
8.5.9.2. Rest of LAMEA Gas Turbine Market Size and Forecast by Technology
8.5.9.3. Rest of LAMEA Gas Turbine Market Size and Forecast by Rated Capacity

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Application Development
9.3.2. Application Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. Ansaldo Energia
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Bayerische Motoren Werke AG
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Bharat Heavy Electricals Limited
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Capstone Green Energy
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Caterpillar Inc.
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. General Electric Company
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Harbin Electric Company Limited
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. IHI Corporation
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Kawasaki Heavy Industries Ltd.
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Mitsubishi Hitachi Power Systems.
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report

 

 

 

Market Segmentation

Based on Application

  • Power Generation
  • Oil & gas
  • Other

Based on Technology

  • Open Cycle
  • Combined Cycle

Based on Rated Capacity

  • 1–40 MW
  • 40–120 MW
  • 120–300 MW
  • Above 300 MW

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Switzerland
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

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