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

Published: Jul, 2018 | Pages: 130 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)

The global gas turbine market size is projected to reach USD 30.08 billion by 2025, according to a new report by Grand View Research, Inc., 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.

 Table of Contents

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
                     4.2.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     4.2.2. Market estimates and forecast by region, 2014 - 2025 (MW, USD Million)
                  4.3. >200 MW
                     4.3.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     4.3.2. Market estimates and forecast by region, 2014 - 2025 (MW, USD Million)
Chapter 5. Gas Turbine Market: Technology Estimates & Trend Analysis
                  5.1. Global gas turbine market share by technology, 2015 & 2025
                  5.2. Open Cycle
                     5.2.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     5.2.2. Market estimates and forecast by region, 2014 - 2025 (MW, USD Million)
                  5.3. Combined Cycle
                     5.3.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     5.3.2. Market estimates and forecast by region, 2014 - 2025 (MW, USD Million)
Chapter 6. Gas Turbine Market: Application Estimates & Trend Analysis
                  6.1. Global gas turbine market share by application, 2015 & 2025
                  6.2. Power Generation
                     6.2.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     6.2.2. Market estimates and forecast by region, 2014 - 2025 (MW, USD Million)
                  6.3. Industrial
                     6.3.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     6.3.2. Market estimates and forecast by region, 2014 - 2025 (MW, USD Million)
                  6.4. Aviation
                     6.4.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     6.4.2. Market estimates and forecast by region, 2014 - 2025 (MW, USD Million)
Chapter 7. Gas Turbine Market: RegionalEstimates & Trend Analysis
                  7.1. Global gas turbine market share by region, 2015 & 2025
                  7.2. North America
                     7.2.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     7.2.2. Market estimates and forecast by capacity, 2014 - 2025 (MW, USD Million)
                     7.2.3. Market estimates and forecast by technology, 2014 - 2025 (MW, USD Million)
                     7.2.4. Market estimates and forecast by application, 2014 - 2025 (MW, USD Million)
                     7.2.5. U.S.
                           7.2.5.1. Market estimates and forecast, 2014 - 2025
                           7.2.5.2. Market estimates and forecast by capacity, 2014 - 2025
                           7.2.5.3. Market estimates and forecast bytechnology, 2014 - 2025
                           7.2.5.4. Market estimates and forecast by application, 2014 - 2025
                  7.3. Europe
                     7.3.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     7.3.2. Market estimates and forecast by capacity, 2014 - 2025 (MW, USD Million)
                     7.3.3. Market estimates and forecast by technology, 2014 - 2025 (MW, USD Million)
                     7.3.4. Market estimates and forecast by application, 2014 - 2025 (MW, USD Million)
                     7.3.5. Germany
                           7.3.5.1. Market estimates and forecast, 2014 - 2025
                           7.3.5.2. Market estimates and forecast by capacity, 2014 - 2025 
                           7.3.5.3. Market estimates and forecast bytechnology, 2014 - 2025
                           7.3.5.4. Market estimates and forecast by application, 2014 - 2025
                     7.3.6. UK
                           7.3.6.1. Market estimates and forecast, 2014 - 2025
                           7.3.6.2. Market estimates and forecast by capacity, 2014 - 2025 
                           7.3.6.3. Market estimates and forecast bytechnology, 2014 - 2025
                           7.3.6.4. Market estimates and forecast by application, 2014 - 2025
                     7.3.7. France
                           7.3.7.1. Market estimates and forecast, 2014 - 2025
                           7.3.7.2. Market estimates and forecast by capacity, 2014 - 2025 
                           7.3.7.3. Market estimates and forecast bytechnology, 2014 - 2025
                           7.3.7.4. Market estimates and forecast by application, 2014 - 2025
                  7.4. Asia Pacific
                     7.4.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     7.4.2. Market estimates and forecast by capacity, 2014 - 2025 (MW, USD Million)
                     7.4.3. Market estimates and forecast by technology, 2014 - 2025 (MW, USD Million)
                     7.4.4. Market estimates and forecast by application, 2014 - 2025 (MW, USD Million)
                     7.4.5. China
                           7.4.5.1. Market estimates and forecast, 2014 - 2025
                           7.4.5.2. Market estimates and forecast by capacity, 2014 - 2025 
                           7.4.5.3. Market estimates and forecast bytechnology, 2014 - 2025
                           7.4.5.4. Market estimates and forecast by application, 2014 - 2025
                     7.4.6. India
                           7.4.6.1. Market estimates and forecast, 2014 - 2025
                           7.4.6.2. Market estimates and forecast by capacity, 2014 - 2025 
                           7.4.6.3. Market estimates and forecast bytechnology, 2014 - 2025
                           7.4.6.4. Market estimates and forecast by application, 2014 - 2025
                     7.4.7. Japan
                           7.4.7.1. Market estimates and forecast, 2014 - 2025
                           7.4.7.2. Market estimates and forecast by capacity, 2014 - 2025 
                           7.4.7.3. Market estimates and forecast bytechnology, 2014 - 2025
                           7.4.7.4. Market estimates and forecast by application, 2014 - 2025
                  7.5. Middle East & Africa
                     7.5.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     7.5.2. Market estimates and forecast by capacity, 2014 - 2025 (MW, USD Million)
                     7.5.3. Market estimates and forecast by technology, 2014 - 2025 (MW, USD Million)
                     7.5.4. Market estimates and forecast by application, 2014 - 2025 (MW, USD Million)
                     7.5.5. Saudi Arabia
                           7.5.5.1. Market estimates and forecast, 2014 - 2025
                           7.5.5.2. Market estimates and forecast by capacity, 2014 - 2025 
                            7.5.5.3. Market estimates and forecast bytechnology, 2014 - 2025
                            7.5.5.4. Market estimates and forecast by application, 2014 - 2025
                  7.6. Central & South America
                     7.6.1. Market estimates and forecast, 2014 - 2025 (MW, USD Million)
                     7.6.2. Market estimates and forecast by capacity, 2014 - 2025 (MW, USD Million)
                     7.6.3. Market estimates and forecast by technology, 2014 - 2025 (MW, USD Million)
                     7.6.4. Market estimates and forecast by application, 2014 - 2025 (MW, USD Million)
                     7.6.5. Brazil
                           7.6.5.1. Market estimates and forecast, 2014 - 2025
                           7.6.5.2. Market estimates and forecast by capacity, 2014 - 2025 
                           7.6.5.3. Market estimates and forecast bytechnology, 2014 - 2025
                           7.6.5.4. Market estimates and forecast by application, 2014 - 2025
Chapter 8. Competitive Landscape
                  8.1. Vendor landscape
                  8.2. Company Market Share
                  8.3. Strategy framework
Chapter 9. Competitive Landscape 
                  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
                     9.2.1. Company Overview
                     9.2.2. Financial Performance
                     9.2.3. Product Benchmarking
                     9.2.4. Strategic Initiatives
                  9.3. Mitsubishi Hitachi Power Systems, Ltd.
                     9.3.1. Company Overview
                     9.3.2. Financial Performance
                     9.3.3. Product Benchmarking
                     9.3.4. Strategic Initiatives
                  9.4. Kawasaki Heavy Industries, Ltd.
                     9.4.1. Company Overview
                     9.4.2. Financial Performance
                     9.4.3. Product Benchmarking
                     9.4.4. Strategic Initiatives
                  9.5. Bharat Heavy Electricals Limited
                     9.5.1. Company Overview
                     9.5.2. Financial Performance
                     9.5.3. Product Benchmarking
                     9.5.4. Strategic Initiatives
                  9.6. Ansaldo Energia S.P.A.
                     9.6.1. Company Overview
                     9.6.2. Financial Performance
                     9.6.3. Product Benchmarking
                     9.6.4. Strategic Initiatives
                  9.7. Solar Turbines Incorporated
                     9.7.1. Company Overview
                     9.7.2. Financial Performance
                     9.7.3. Product Benchmarking
                     9.7.4. Strategic Initiatives
                  9.8. Opra Turbines B.V.
                     9.8.1. Company Overview
                     9.8.2. Financial Performance
                     9.8.3. Product Benchmarking
                     9.8.4. Strategic Initiatives
                  9.9. Man Diesel & Turbo SE
                     9.9.1. Company Overview
                     9.9.2. Financial Performance
                     9.9.3. Product Benchmarking
                     9.9.4. Strategic Initiatives
                  9.10. Dresser-Rand
                     9.10.1. Company Overview
                     9.10.2. Financial Performance
                     9.10.3. Product Benchmarking
                     9.10.4. Strategic Initiatives

List of Tables

Table 1. Gas turbine - Key market driver analysis
Table 2. Gas turbine - Key market restraint analysis
Table 3. Global gas turbine demand by capacity, 2014 - 2025 (MW)
Table 4. Global gas turbine demand by capacity, 2014 - 2025 (USD Million)
Table 5. ≤200 MW gas turbine demand, by region, 2014 - 2025 (MW)
Table 6. ≤200 MW gas turbine demand, by region, 2014 - 2025 (USD Million)
Table 7. >200 MW gas turbine demand, by region, 2014 - 2025 (MW)
Table 8. >200 MW gas turbine demand, by region, 2014 - 2025 (USD Million)
Table 9. Global gas turbinedemand by technology,2014 - 2025 (MW)
Table 10. Global gas turbinedemand by technolgy, 2014 - 2025 (USD Million)
Table 11. Gas Turbine demand in open cycle, by region, 2014 - 2025 (MW)
Table 12. Gas Turbine demand in open cycle, by region, 2014 - 2025 (USD Million)
Table 13. Gas Turbine demand in combined cycle, by region, 2014 - 2025 (MW)
Table 14. Gas Turbine demand in combined cycle, by region, 2014 - 2025 (USD Million)
Table 15. Global gas turbine demand by application,2014 - 2025 (MW)
Table 16. Global gas turbine demand by application, 2014 - 2025 (USD Million)
Table 17. Gas Turbine demand in power generation, by region, 2014 - 2025 (MW)
Table 18. Gas Turbine demand in power generation, by region, 2014 - 2025 (USD Million)
Table 19. Gas Turbine demand in industrial, by region, 2014 - 2025 (MW)
Table 20. Gas Turbine demand in industrial, by region, 2014 - 2025 (USD Million)
Table 21. Gas Turbine demand in aviation, by region, 2014 - 2025 (MW)
Table 22. Gas Turbine demand in aviation, by region, 2014 - 2025 (USD Million)
Table 23. North America gas turbine market, by capacity, 2014 - 2025 (MW)
Table 24. North America gas turbinemarket, by capacity, 2014 - 2025 (USD Million)
Table 25. North America gas turbinemarket, by technology, 2014 - 2025 (MW)
Table 26. North America gas turbinemarket, by technology, 2014 - 2025 (USD Million)
Table 27. North America gas turbine market, by application, 2014 - 2025 (MW)
Table 28. North America gas turbine market, by application, 2014 - 2025 (USD Million)
Table 29. U.S.gas turbine market, by capacity, 2014 - 2025 (MW)
Table 30. U.S.gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 31. U.S.gas turbine market, by technology, 2014 - 2025 (MW)
Table 32. U.S.gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 33. U.S.gas turbine market, by application, 2014 - 2025 (MW)
Table 34. U.S.gas turbine market, by application, 2014 - 2025 (USD Million)
Table 35. Europe gas turbine market, by capacity, 2014 - 2025 (MW)
Table 36. Europe gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 37. Europe gas turbine market, by technology, 2014 - 2025 (MW)
Table 38. Europe gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 39. Europe gas turbine market, by application, 2014 - 2025 (MW)
Table 40. Europe gas turbine market, by application, 2014 - 2025 (USD Million)
Table 41. Gemany gas turbine market, by capacity, 2014 - 2025 (MW)
Table 42. Gemany gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 43. Gemany gas turbine market, by technology, 2014 - 2025 (MW)
Table 44. Gemany gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 45. Gemany gas turbine market, by application, 2014 - 2025 (MW)
Table 46. Gemany gas turbine market, by application, 2014 - 2025 (USD Million)
Table 47. UKgas turbine market, by capacity, 2014 - 2025 (MW)
Table 48. UK gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 49. UK gas turbine market, by technology, 2014 - 2025 (MW)
Table 50. UK gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 51. UK gas turbine market, by application, 2014 - 2025 (MW)
Table 52. UK gas turbine market, by application, 2014 - 2025 (USD Million)
Table 53. France gas turbine market, by capacity, 2014 - 2025 (MW)
Table 54. France gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 55. France gas turbine market, by technology, 2014 - 2025 (MW)
Table 56. France gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 57. France gas turbine market, by application, 2014 - 2025 (MW)
Table 58. France gas turbine market, by application, 2014 - 2025 (USD Million)
Table 59. Asia Pacfic gas turbine market, by capacity, 2014 - 2025 (MW)
Table 60. Asia Pacfic gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 61. Asia Pacfic gas turbine market, by technology, 2014 - 2025 (MW)
Table 62. Asia Pacfic gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 63. Asia Pacfic gas turbine market, by application, 2014 - 2025 (MW)
Table 64. Asia Pacfic gas turbine market, by application, 2014 - 2025 (USD Million)
Table 65. China gas turbine market, by capacity, 2014 - 2025 (MW)
Table 66. China gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 67. China gas turbine market, by technology, 2014 - 2025 (MW)
Table 68. China gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 69. China gas turbine market, by application, 2014 - 2025 (MW)
Table 70. China gas turbine market, by application, 2014 - 2025 (USD Million)
Table 71. India gas turbine market, by capacity, 2014 - 2025 (MW)
Table 72. India gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 73. India gas turbine market, by technology, 2014 - 2025 (MW)
Table 74. India gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 75. India gas turbine market, by application, 2014 - 2025 (MW)
Table 76. India gas turbine market, by application, 2014 - 2025 (USD Million)
Table 77. Japan gas turbine market, by capacity, 2014 - 2025 (MW)
Table 78. Japan gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 79. Japan gas turbine market, by technology, 2014 - 2025 (MW)
Table 80. Japan gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 81. Japan gas turbine market, by application, 2014 - 2025 (MW)
Table 82. Japa ngas turbine market, by application, 2014 - 2025 (USD Million)
Table 83. MEA gas turbine market, by capacity, 2014 - 2025 (MW)
Table 84. MEA gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 85. MEA gas turbine market, by technology, 2014 - 2025 (MW)
Table 86. MEA gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 87. MEA gas turbine market, by application, 2014 - 2025 (MW)
Table 88. MEA gas turbine market, by application, 2014 - 2025 (USD Million)
Table 89. Saudi Arabiagas turbine market, by capacity, 2014 - 2025 (MW)
Table 90. Saudi Arabia gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 91. Saudi Arabia gas turbine market, by technology, 2014 - 2025 (MW)
Table 92. Saudi Arabia gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 93. Saudi Arabia gas turbine market, by application, 2014 - 2025 (MW)
Table 94. Saudi Arabia gas turbine market, by application, 2014 - 2025 (USD Million)
Table 95. CSA gas turbine market, by capacity, 2014 - 2025 (MW)
Table 96. CSA gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 97. CSA gas turbine market, by technology, 2014 - 2025 (MW)
Table 98. CSAgas turbine market, by technology, 2014 - 2025 (USD Million)
Table 99. CSAgas turbine market, by application, 2014 - 2025 (MW)
Table 100. CSA gas turbine market, by application, 2014 - 2025 (USD Million)
Table 101. Brazilgas turbine market, by capacity, 2014 - 2025 (MW)
Table 102. Brazil gas turbine market, by capacity, 2014 - 2025 (USD Million)
Table 103. Brazil gas turbine market, by technology, 2014 - 2025 (MW)
Table 104. Brazil gas turbine market, by technology, 2014 - 2025 (USD Million)
Table 105. Brazil gas turbine market, by application, 2014 - 2025 (MW)
Table 106. Brazil gas turbine market, by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Gas Turbines market volume share, 2015 
FIG. 2 Gas Turbines Market - industry snapshot
FIG. 3 Global gas turbines market segmentation
FIG. 4 Global gas turbines market estimates and forecast, 2014 - 2025 (MW) (USD Million)
FIG. 5 Gas Turbines market, value chain analysis
FIG. 6 Global gas turbines, market dynamics
FIG. 7 Global gas turbines, Porter’s five forces analysis
FIG. 8 Global gas turbines, PESTEL analysis