Market Overview:
The global aeroderivative gas turbine market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for power and energy, coupled with the growing need for reliable and efficient power generation solutions. In terms of type, the market is segmented into below 30MW and above 30MW segments. The below 30MW segment is expected to account for a larger share of the global aeroderivative gas turbine market in 2018. However, the above 30MW segment is projected to grow at a higher CAGR during the forecast period owing to its high efficiency and reliability. In terms of application, mobility accounts for a major share of the global aeroderivative gas turbine market in 2018; however, power generation is projected to grow at a higher CAGR during the forecast period owing to rising demand from developing countries across Asia Pacific.
Product Definition:
An aeroderivative gas turbine is a gas turbine designed to run on jet fuel or natural gas. These turbines are used in power plants and other industrial settings.
below 30MW:
The global Aeroderivative Gas Turbine (AGT) market size was valued at USD 8.5 billion in 2016 and is expected to witness a growth of 6.6% by 2022 to reach USD 11.8 billion in 2025, growing at an estimated CAGR of XX% over the forecast period on account of increasing demand for clean energy.
above 30MW:
The power range 30MW - 100MW is above the commercial scale and it's used in aeroderivative gas turbine market. The main driver for this technology is to reduce dependency on fossil fuels, which acts as a major environmental concern. These turbines are mostly installed in regions with high wind speed, which ranges from 12 meters per second to 20 meters per second.
These devices use moving air as a source of energy.
Application Insights:
The demand for AD gas turbine is expected to grow at a CAGR of XX% from 2018 to 2030 owing to the growing need for clean energy sources in order to reduce greenhouse gasses and dependence on fossil fuels. Turbine manufacturers are focusing on increasing their market share in the oil and gas segment as it offers higher efficiency, better performance, and enhanced durability when compared with other conventional power generation devices such as coal or nuclear reactors.
Mobility application dominated the overall market with a revenue share of over 40% in 2017 due to its ability provide extended range electric power without recharging, coupled with its zero emissions capability. The product has been witnessing significant adoption across Europe where countries have set stringent targets for reducing carbon dioxide emissions from mobility sources by 2030.
Regional Analysis:
Asia Pacific dominated the global aeroderivative gas turbine market in 2016 and is expected to continue its dominance over the next eight years. The region has been witnessing strong economic growth on account of increasing industrial activities, especially in China and India. Growing demand for electricity across emerging economies, such as China and India, is likely to drive the regional market over the forecast period. In addition, growing oil & gas exploration activities coupled with rising need for power generation capacity are projected to further propel regional growth.
The European market accounted for a significant share of revenue in 2016 owing to large-scale adoption witnessed by key countries such as Germany and U.K., which accounts majorly due to favorable government policies regarding clean energy sources along with technological advancements pertainingto GWt technology implementation process.- North America also had a considerable presence owingto high awareness levels pertainingto environmental impacts associatedwith different fuel types used across various industries.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government policies and regulations supporting the use of aeroderivative gas turbines
- Technological advancements making aeroderivative gas turbines more efficient and reliable
- Growing popularity of cogeneration systems that use aeroderivative gas turbines to generate both heat and power
- Rising prices of traditional fuels such as oil, coal, and natural gas
Scope Of The Report
Report Attributes
Report Details
Report Title
Aeroderivative Gas Turbine Market Research Report
By Type
below 30MW, above 30MW
By Application
Mobility, Power Generation, Oil and Gas
By Companies
GE, Siemens, MHPS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Aeroderivative Gas Turbine Market Report Segments:
The global Aeroderivative Gas Turbine market is segmented on the basis of:
Types
below 30MW, above 30MW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mobility, Power Generation, Oil and Gas
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Siemens
- MHPS
Highlights of The Aeroderivative Gas Turbine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- below 30MW
- above 30MW
- By Application:
- Mobility
- Power Generation
- Oil and Gas
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aeroderivative Gas Turbine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aeroderivative gas turbines are a type of turbine that use air as the working fluid. They are often used in aircraft and spacecraft because they have high efficiency and low emissions.
Some of the key players operating in the aeroderivative gas turbine market are GE, Siemens, MHPS.
The aeroderivative gas turbine market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aeroderivative Gas Turbine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aeroderivative Gas Turbine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aeroderivative Gas Turbine Market - Supply Chain
4.5. Global Aeroderivative Gas Turbine Market Forecast
4.5.1. Aeroderivative Gas Turbine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aeroderivative Gas Turbine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aeroderivative Gas Turbine Market Absolute $ Opportunity
5. Global Aeroderivative Gas Turbine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aeroderivative Gas Turbine Market Size and Volume Forecast by Type
5.3.1. below 30MW
5.3.2. above 30MW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aeroderivative Gas Turbine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aeroderivative Gas Turbine Market Size and Volume Forecast by Application
6.3.1. Mobility
6.3.2. Power Generation
6.3.3. Oil and Gas
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aeroderivative Gas Turbine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aeroderivative Gas Turbine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aeroderivative Gas Turbine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aeroderivative Gas Turbine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aeroderivative Gas Turbine Demand Share Forecast, 2019-2026
9. North America Aeroderivative Gas Turbine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aeroderivative Gas Turbine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aeroderivative Gas Turbine Market Size and Volume Forecast by Application
9.4.1. Mobility
9.4.2. Power Generation
9.4.3. Oil and Gas
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aeroderivative Gas Turbine Market Size and Volume Forecast by Type
9.7.1. below 30MW
9.7.2. above 30MW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aeroderivative Gas Turbine Demand Share Forecast, 2019-2026
10. Latin America Aeroderivative Gas Turbine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aeroderivative Gas Turbine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aeroderivative Gas Turbine Market Size and Volume Forecast by Application
10.4.1. Mobility
10.4.2. Power Generation
10.4.3. Oil and Gas
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aeroderivative Gas Turbine Market Size and Volume Forecast by Type
10.7.1. below 30MW
10.7.2. above 30MW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aeroderivative Gas Turbine Demand Share Forecast, 2019-2026
11. Europe Aeroderivative Gas Turbine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aeroderivative Gas Turbine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aeroderivative Gas Turbine Market Size and Volume Forecast by Application
11.4.1. Mobility
11.4.2. Power Generation
11.4.3. Oil and Gas
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aeroderivative Gas Turbine Market Size and Volume Forecast by Type
11.7.1. below 30MW
11.7.2. above 30MW
11.8. Basis Point Share (BPS) Analyis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aeroderivative Gas Turbine Demand Share, 2019-2026
12. Asia Pacific Aeroderivative Gas Turbine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aeroderivative Gas Turbine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aeroderivative Gas Turbine Market Size and Volume Forecast by Application
12.4.1. Mobility
12.4.2. Power Generation
12.4.3. Oil and Gas
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aeroderivative Gas Turbine Market Size and Volume Forecast by Type
12.7.1. below 30MW
12.7.2. above 30MW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aeroderivative Gas Turbine Demand Share, 2019-2026
13. Middle East & Africa Aeroderivative Gas Turbine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aeroderivative Gas Turbine Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aeroderivative Gas Turbine Market Size and Volume Forecast by Application
13.4.1. Mobility
13.4.2. Power Generation
13.4.3. Oil and Gas
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aeroderivative Gas Turbine Market Size and Volume Forecast by Type
13.7.1. below 30MW
13.7.2. above 30MW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aeroderivative Gas Turbine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aeroderivative Gas Turbine Market: Market Share Analysis
14.2. Aeroderivative Gas Turbine Distributors and Customers
14.3. Aeroderivative Gas Turbine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MHPS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
