Gas Turbine - Global Market Analysis & Outlook (2018-2025) by Capacity, Technology, Application and Region

DUBLIN, Nov. 12, 2018 /PRNewswire/ --

The "Gas Turbine Market Size, Share & Trends Analysis Report By Capacity (=200 MW, >200 MW), By Technology (Open Cycle, Combined Cycle), By Application (Power Generation, Industrial, Aviation), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

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The global gas turbine market size is projected to reach USD 30.08 billion by 2025, witnessing a CAGR of 4.8% during the forecast period.

The market is expected to be driven by increasing pressure from international agencies to reduce carbon footprint, along with low shale gas prices.

Incentives provided by regional governments to gas-based power generation companies to combat increasing carbon footprints are likely to drive market growth. Gas turbines witnessed a distinctive increase in 2015, hinting a change in policies by power generators to capitalize on low gas prices. Some of the largest gas turbine shipments are estimated to be heading toward Latin America, U.S., and Europe. However, Asia Pacific will likely exhibit the fastest growth rate in the foreseeable future.

Post 2016, steam turbine orders are picking up as well, mimicking the trend in gas turbines, owing to rising CHP installations across the globe. Combined cycle power generation is the most efficient form of technology to generate electricity. This technology segment also accounts for the largest share in the gas turbine market.

Gas power production in Asia Pacific is still at a nascent stage, but with aggressive development programs undertaken by the regional governments to improve gas infrastructure, the region is slated to witness rapid growth. India is also increasing its focus on the use of cleaner resources.

In January 2017, Siemens and Marubeni announced plans to build a 1,200 MW combined cycle power plant in Thailand. In 2015, the company sold approximately 18 models of SGT-800 industrial gas turbines to Thailand. Six of these turbines had a capacity of 53 MW each, while the capacity of the remaining twelve units was 50.5 MW each. The units were intended to be installed in nine combined cycle cogeneration power plants with a total installed electrical capacity of 1100 MW.

Further key findings from the report suggest:

    --  The global capacity addition for gas turbines in 2016 was estimated to
        be 62.87 GW and is expected to reach 91.81 GW by the end of the forecast
        period
    --  There is rising investment in Latin America for CHP-based power
        generation where gas turbine orders account for the majority share in
        comparison to steam turbine orders
    --  China's market size for gas turbine orders was estimated to be 8.07 GW
        in 2016. This regional market is likely to expand at a CAGR of 5.2%
    --  Asia Pacific excluding China will likely witness stunted growth owing to
        established infrastructure of thermal-based power generation and Japan's
        economic slowdown
    --  Europe will witness an increase in gas turbines as majority of the
        thermal-based power generations are likely to shut down by the end of
        the forecast period
    --  Siemens is currently the leader in the gas turbine market. This market
        operates on aggressive mergers and acquisitions
    --  The service-oriented market for gas turbines is also an excellent
        contributor to overall revenue

Topics Covered

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources

Chapter 2. Executive Summary
2.1. Market Snapshot

Chapter 3. Gas Turbine Market Variables, Trends & Scope
3.1. Market segmentation
3.2. Market size and growth prospects, 2014 - 2025
3.3. Value chain analysis
3.4. Demand & Supply Landscape
3.5. Industry Cost Structure
3.6. Total Cost of Ownership
3.7. Market dynamics
3.7.1. Market driver analysis
3.7.2. Market restraint analysis
3.8. Industry analysis - Porter's
3.9. PESTEL analysis, 2015

Chapter 4. Gas Turbine Market: Capacity Estimates & Trend Analysis
4.1. Global gas turbine market share by capacity, 2015 & 2025
4.2. =200 MW
4.3. >200 MW

Chapter 5. Gas Turbine Market: Technology Estimates & Trend Analysis
5.1. Global gas turbine market share by technology, 2015 & 2025
5.2. Open Cycle
5.3. Combined Cycle

Chapter 6. Gas Turbine Market: Application Estimates & Trend Analysis
6.1. Global gas turbine market share by application, 2015 & 2025
6.2. Power Generation
6.3. Industrial
6.4. Aviation

Chapter 7. Gas Turbine Market: Regional Estimates & Trend Analysis
7.1. Global gas turbine market share by region, 2015 & 2025
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Middle East & Africa
7.6. Central & South America

Chapter 8. Competitive Landscape
8.1. Vendor landscape
8.2. Company Market Share
8.3. Strategy framework

Chapter 9. Companies Profiled
9.1. General Electric Company
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Siemens AG
9.3. Mitsubishi Hitachi Power Systems, Ltd.
9.4. Kawasaki Heavy Industries, Ltd.
9.5. Bharat Heavy Electricals Limited
9.6. Ansaldo Energia S.P.A.
9.7. Solar Turbines Incorporated
9.8. Opra Turbines B.V.
9.9. Man Diesel & Turbo SE
9.10. Dresser-Rand

For more information about this report visit https://www.researchandmarkets.com/research/zzc56t/gas_turbine?w=5

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