Gas Turbine Market Size, Share & Trends Analysis by Capacity, Technology and Application (2018-2025): A $30+ Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 12, 2018--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.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.
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.
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.
Key FindingsThe 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 periodSiemens is currently the leader in the gas turbine market. This market operates on aggressive mergers and acquisitionsThe service-oriented market for gas turbines is also an excellent contributor to overall revenue
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Gas Turbine Market Variables, Trends & Scope
Chapter 4. Gas Turbine Market: Capacity Estimates & Trend Analysis
Chapter 5. Gas Turbine Market: Technology Estimates & Trend Analysis
Chapter 6. Gas Turbine Market: Application Estimates & Trend Analysis
Chapter 7. Gas Turbine Market: Regional Estimates & Trend AnalysisChapter 8. Competitive LandscapeGeneral Electric CompanySiemens AGMitsubishi Hitachi Power Systems Ltd.Kawasaki Heavy Industries Ltd.Bharat Heavy Electricals LimitedAnsaldo Energia S.P.A.Solar Turbines IncorporatedOpra Turbines B.V.Man Diesel & Turbo SEDresser-Rand
For more information about this report visit https://www.researchandmarkets.com/research/9tdrzc/gas_turbine?w=4
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SOURCE: Research and Markets
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PUB: 11/12/2018 06:45 AM/DISC: 11/12/2018 06:45 AM