A gas turbine is the core of a power plant and is also known as a combustion turbine. Gas turbines are used to produce electric current. A gas turbine is a machine which is used to convert other liquid fuels or natural gas to mechanical energy. This mechanical energy then drives a generator and thus it produces electrical energy. Each gas turbine has three main elements including an upstream rotating gas compressor; a combustor; and a downstream turbine on the same shaft as the compressor. For converting the energy into electricity, a mixture of fuel and air at very high temperature animated by the gas turbine causes the turbine blades to spin. The spinning turbine drives the generator, and thus electricity is generated. Over the earlier few years gas turbines have observed exponential development due to the technological advances that have occasioned in the design and development of highly efficient gas turbine units. Gas turbines are used in expanded services from jet engines and simple mechanical energies on land, sea and air to sophisticated gas lasers and supersonic wind tunnels. In the aerospace applications these units are referred to as jets, turbojets, turbofans, and turboprops. In land and sea based applications these units are mentioned to as mechanical drive gas turbines. Gas turbines are increasingly being used in power plants both in the utility and power sectors for their tremendous energy producing capacity, compactness, inherent flexibility, high performance, operational availability and multiple fuel capability. Aerospace sector appears to be the most promising sector in future due growing investments in manufacturing and migration across various regions. Rapid technological developments including in the field of combustion materials, cooling and aerodynamics along with allied focus pertaining to decentralized generation technologies will stimulate the market development. Growing investments pertaining to the replacement of existing electricity generating technologies with improved gas-fired power generating stations to limit emissions will positively impact the industry landscape.
The global gas turbines market is projected to reach more than US$ 22.7 Billion by 2027, at a CAGR of 3.5% in given forecast period.
Global Gas Turbines market is segmented based on the Application Power and Oil & Gas. On the basis of Rating Capacity, the global Gas Turbines market is segregated as Rating Capacity Less than 40 MW, 40-120 MW, 120-300 MW, and Above 300 MW. Application 1 is expected to witness notable gains in the forecast years. The report segments global Gas Turbines market based on Design Type Heavy Duty and Aeroderivative.
Global Gas Turbines market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Gas Turbines market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Gas Turbines market manufacturers. The revenue generated from the sales of Gas Turbines manufacturer has been calculated through primary and secondary research.
The market size estimation also considered leading players revenues as part of triangulation the key players considered are GE (US), Siemens (Germany), MHPS (Japan), and Ansaldo (Italy). Contracts & agreements was the most commonly used strategy by top players in the market, accounting for more than two-thirds of the total developments share. It was followed by expansions, new product launches, and other developments. in the Gas Turbines market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes types of segmentation determined using secondary sources and verified through primary sources.
The Gas Turbines Market has been segmented as below:
Gas Turbines Market, By Application
Gas Turbines Market, By Rated Capacity
Gas Turbines Market, By Technology
Gas Turbines Market, By Design Type
Gas Turbines Market, By Region
Report scope:
The global Gas Turbines market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends. The report scope includes market analysis on regional as well as country level.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1. Secondary Research
2.3.2. Primary Research
2.3.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach
2.4.2. Top-Down Approach
3. Executive Summary
4. Gas Turbines Market, By Rated Capacity
4.1. Key Points
4.2. 40–120 MW
4.2.1. Market Overview
4.2.2. Market Size & Forecast
4.3. 120–300 MW
4.3.1. Market Overview
4.3.2. Market Size & Forecast
4.4. Less Than 40 MW
4.4.1. Market Overview
4.4.2. Market Size & Forecast
4.5. Above 300 MW
4.5.1. Market Overview
4.5.2. Market Size & Forecast
5. Gas Turbines Market, By Application
5.1. Key Points
5.2. Oil & Gas
5.2.1. Market Overview
5.2.2. Market Size & Forecast
5.3. Power Generation
5.3.1. Market Overview
5.3.2. Market Size & Forecast
5.4. Other Industrial Applications
5.4.1. Market Overview
5.4.2. Market Size & Forecast
6. Gas Turbines Market, By Design Type
6.1. Key Points
6.2. Aeroderivative Type
6.2.1. Market Overview
6.2.2. Market Size & Forecast
6.3. Heavy Duty (Frame) Type
6.3.1. Market Overview
6.3.2. Market Size & Forecast
1. Gas Turbines Market, By Technology
1.1. Key Points
1.2. Combined Cycle
1.2.1. Market Overview
1.2.2. Market Size & Forecast
1.3. Open Cycle
1.3.1. Market Overview
1.3.2. Market Size & Forecast
2. Gas Turbines Market, By Region
2.1. North America
2.1.1. North America Industrial Floor Coating, By Rated Capacity
2.1.2. North America Industrial Floor Coating, By Technology
2.1.3. North America Industrial Floor Coating, By Application
2.1.4. North America Industrial Floor Coating, By Design Type
2.1.5. By Country
2.1.5.1. U.S
2.1.5.2. Canada
2.1.5.3. Mexico
2.2. Europe
2.2.1. Europe Industrial Floor Coating, By Rated Capacity
2.2.2. Europe Industrial Floor Coating, By Application
2.2.3. Europe Industrial Floor Coating, By Technology
2.2.4. Europe Industrial Floor Coating, By Design Type
2.2.5. By Country
2.2.5.1. U.K
2.2.5.2. Germany
2.2.5.3. Italy
2.2.5.4. France
2.2.5.5. Rest of Europe
2.3. Asia Pacific
2.3.1. Asia Pacific Industrial Floor Coating, By Rated Capacity
2.3.2. Asia Pacific Industrial Floor Coating, By Technology
2.3.3. Asia Pacific Industrial Floor Coating, By Application
2.3.4. Asia Pacific Industrial Floor Coating, By Design Type
2.3.5. By Country
2.3.5.1. China
2.3.5.2. Australia
2.3.5.3. Japan
2.3.5.4. South Korea
2.3.5.5. India
2.3.5.6. Rest of Asia Pacific
2.4. Rest of World
2.4.1. Rest of World Industrial Floor Coating, By Rated Capacity
2.4.2. Rest of World Industrial Floor Coating, By Technology
2.4.3. Rest of World Industrial Floor Coating, By Application
2.4.4. Rest of World Industrial Floor Coating, By Design Type
The Gas Turbines Market has been segmented as below:
Gas Turbines Market, By Application
Gas Turbines Market, By Rated Capacity
Gas Turbines Market, By Technology
Gas Turbines Market, By Design Type
Gas Turbines Market, By Region
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