Gas Turbine Market Growth Key Factors, and Largest Industry Share Analysis And Forecast 2029


Gas Turbine Market was valued at USD 18.9 Billion in 2021, and it is expected to reach USD 25.08 Billion by 2029, exhibiting a CAGR of 3.6 % during the forecast period (2022-2029)

Gas Turbine Market definition:

Maximize Market Research published reports help you understand the landscape of Gas Turbine market that you are competing in. The report gives insights about the market to help you understand the demand for your product in the future and how competitive the Gas Turbine market is likely to be. It is a complete exam that specializes in number one and secondary drivers, marketplace share, main segments, and geographical evaluation.

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Market Scope:

The market for Gas Turbine is divided into segments for particulate control, DeNOx, flue gas desulfurization, mercury control, and others depending on pollutant control system. During the course of the forecast period, the particulate control segment is anticipated to have a significant impact on the market.

The market's system segment, which is broken down by business type, is anticipated to expand at a rapid CAGR over the course of the forecast period due to an increase in the installation of new flue gas treatment systems and the updating of existing systems in end-use industries. Due to the rising number of coal-based power plants in several economies, including China, Japan, and India, the power category is anticipated to hold the greatest market shares in terms of end-use industries over the projection period.

Regional:

The regional Analysis provided in our report helps you understand the Gas Turbine market in various regions. Every region has different factors such as political, geographic, buying behaviour, etc. which are affecting the Gas Turbine market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Various regions, countries have legal barriers, geographic advantages, distinct buying behaviour, etc. The reports help you in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions.

Segmentation:

The Gas Turbine Market is divided into two types based on type: Heavy Duty and Aeroderivative. The heavy duty category rules the market due to its low cost structure, high operational capacity, and low pressure, which produces the greatest amount of power.

The Gas Turbine Market is divided into open cycle and combined cycle based on Technology. The combined cycle technology generates the most revenue (78%), and it is anticipated that it will continue to rule. They decrease transmission and distribution losses while using less fuel to produce the appropriate amount of electricity.

The Gas Turbine Market is divided into power generation, oil & gas, marine, aerospace, process plants, and others based on Application. The power utility sector is anticipated to dominate the global market during the forecast period.

Key Players:

• Siemens Energy
• Mitsubishi Heavy Industries
• Centrax Gas Turbine
• Capstone Green Energy corporation
• MAN Energy Solutions
• General Electric
• United Engine Corporation
• Ansaldo Energia
• Rolls-Royce plc
• Electric Machinery
• Harbin Electric Machinery Company Limited
• Nanjing Turbine
• MTU Aero Engines AG
• Opra Turbine

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Table Of Content:

1. Global Gas Turbine Size: Research Methodology
2. Global Gas Turbine Size: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Gas Turbine Size
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Gas Turbine Size: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12. COVID-19 Impact
4. Global Gas Turbine Size Segmentation
4.1. Global Gas Turbine Size, by Type (2021-2029)
• Heavy duty
• Aeroderivative
4.2. Global Gas Turbine Size, by application (2021-2029)
• Power generation
• Oil & gas
• Aerospace
• Process plants
• others
4.3. Global Gas Turbine Size, by technology (2021-2029)
• Open cycle
• Combined cycle
4.4. Global Gas Turbine Size, by power rating (2021-2029)
• Below 40
• 40-120
• 120-300
• Above 300

Key Questions answered in the Gas Turbine Market Report are:

Which product segment grabbed the largest share in the Gas Turbine market?

How is the competitive scenario of the Gas Turbine market?

Which are the key factors aiding the Gas Turbine market growth?

Which region holds the maximum share in the Gas Turbine market?

What will be the CAGR of the Gas Turbine market during the forecast period?

Which application segment emerged as the leading segment in the Gas Turbine market?

Which are the prominent players in the Gas Turbine market?

What key trends are likely to emerge in the Gas Turbine market in the coming years?

What will be the Gas Turbine market size by 2027?

Which company held the largest share in the Gas Turbine market?

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About MAXIMIZE MARKET RESEARCH PVT. LTD.

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MAXIMIZE MARKET RESEARCH PVT. LTD.

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411041
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Published in

Business , Business

Published on

Mar 13, 2023

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