The global industrial gas turbine market is expected to grow at a CAGR of 4.5% from 2021 to 2030. The growth of the market can be attributed to the increasing demand for power generation and mechanical drive applications in various industries such as oil & gas, mining, and chemical processing. The power generation application segment is expected to dominate the global industrial gas turbine market during the forecast period due to its high demand in developing countries such as China and India. The North America region is expected to lead the global industrial gas turbine market during the forecast period due to its high adoption rate of this technology in various industries such as oil & gas, mining, and chemical processing. The Asia Pacific region is also expected to witness significant growth during this period due to its rapid economic development coupled with an increase in energy consumption by emerging economies such as China and India.
Some Of The Growth Factors Of This Market:
- The Industrial Gas Turbine market is driven by the increasing demand for power generation and industrialization in developing countries such as China, India, and Brazil.
- Increasing demand for gas turbines in the oil & gas industry due to the rise in crude oil prices.
- Increasing demand for gas turbines in the power generation industry due to increased investments on renewable energy sources such as wind and solar power.
- Growing need for efficient energy production.
Industry Growth Insights published a new data on “Industrial Gas Turbine Market”. The research report is titled “Industrial Gas Turbine Market research by Types (<70 MW, 70-300 MW, >300 MW), By Applications (Power generation, Mechanical drive), By Players/Companies Ansaldo Energia, Bharat Heavy Electricals Limited, General Electric, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd, Man Diesel and Turbo, Mitsubishi Hitachi Power Systems Ltd, Opra Turbines, Siemens, Vericor Power Systems”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Gas Turbine Market Research Report
By Type
<70 MW, 70-300 MW, >300 MW
By Application
Power generation, Mechanical drive
By Companies
Ansaldo Energia, Bharat Heavy Electricals Limited, General Electric, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd, Man Diesel and Turbo, Mitsubishi Hitachi Power Systems Ltd, Opra Turbines, Siemens, Vericor Power Systems
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Gas Turbine Market Report Segments:
The global Industrial Gas Turbine market is segmented on the basis of:
Types
<70 MW, 70-300 MW, >300 MW
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
Power generation, Mechanical drive
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:
- Ansaldo Energia
- Bharat Heavy Electricals Limited
- General Electric
- Harbin Electric International Company Limited
- Kawasaki Heavy Industries Ltd
- Man Diesel and Turbo
- Mitsubishi Hitachi Power Systems Ltd
- Opra Turbines
- Siemens
- Vericor Power Systems
Highlights of The Industrial 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:
- <70 MW
- 70-300 MW
- >300 MW
- By Application:
- Power generation
- Mechanical drive
- 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 Industrial 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.
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- Correctly Positioning New Products
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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?
An industrial gas turbine is a machine that uses compressed air or other gases to turn a shaft, producing mechanical power.
Some of the major players in the industrial gas turbine market are Ansaldo Energia, Bharat Heavy Electricals Limited, General Electric, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd, Man Diesel and Turbo, Mitsubishi Hitachi Power Systems Ltd, Opra Turbines, Siemens, Vericor Power Systems.
The industrial gas turbine market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial 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. Industrial 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. Industrial Gas Turbine Market - Supply Chain
4.5. Global Industrial Gas Turbine Market Forecast
4.5.1. Industrial Gas Turbine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Gas Turbine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Gas Turbine Market Absolute $ Opportunity
5. Global Industrial 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. Industrial Gas Turbine Market Size and Volume Forecast by Type
5.3.1. <70 MW
5.3.2. 70-300 MW
5.3.3. >300 MW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial 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. Industrial Gas Turbine Market Size and Volume Forecast by Application
6.3.1. Power generation
6.3.2. Mechanical drive
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial 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. Industrial 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 Industrial 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. Industrial 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 Industrial Gas Turbine Demand Share Forecast, 2019-2026
9. North America Industrial 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 Industrial 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 Industrial Gas Turbine Market Size and Volume Forecast by Application
9.4.1. Power generation
9.4.2. Mechanical drive
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Gas Turbine Market Size and Volume Forecast by Type
9.7.1. <70 MW
9.7.2. 70-300 MW
9.7.3. >300 MW
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 Industrial Gas Turbine Demand Share Forecast, 2019-2026
10. Latin America Industrial 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 Industrial 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 Industrial Gas Turbine Market Size and Volume Forecast by Application
10.4.1. Power generation
10.4.2. Mechanical drive
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Gas Turbine Market Size and Volume Forecast by Type
10.7.1. <70 MW
10.7.2. 70-300 MW
10.7.3. >300 MW
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 Industrial Gas Turbine Demand Share Forecast, 2019-2026
11. Europe Industrial 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 Industrial 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 Industrial Gas Turbine Market Size and Volume Forecast by Application
11.4.1. Power generation
11.4.2. Mechanical drive
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Gas Turbine Market Size and Volume Forecast by Type
11.7.1. <70 MW
11.7.2. 70-300 MW
11.7.3. >300 MW
11.8. Basis Point Share (BPS) Analysis 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 Industrial Gas Turbine Demand Share, 2019-2026
12. Asia Pacific Industrial 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 Industrial 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 Industrial Gas Turbine Market Size and Volume Forecast by Application
12.4.1. Power generation
12.4.2. Mechanical drive
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Gas Turbine Market Size and Volume Forecast by Type
12.7.1. <70 MW
12.7.2. 70-300 MW
12.7.3. >300 MW
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 Industrial Gas Turbine Demand Share, 2019-2026
13. Middle East & Africa Industrial 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 Industrial 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 Industrial Gas Turbine Market Size and Volume Forecast by Application
13.4.1. Power generation
13.4.2. Mechanical drive
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Gas Turbine Market Size and Volume Forecast by Type
13.7.1. <70 MW
13.7.2. 70-300 MW
13.7.3. >300 MW
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 Industrial Gas Turbine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Gas Turbine Market: Market Share Analysis
14.2. Industrial Gas Turbine Distributors and Customers
14.3. Industrial Gas Turbine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ansaldo Energia
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bharat Heavy Electricals Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Harbin Electric International Company Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kawasaki Heavy Industries Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Man Diesel and Turbo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mitsubishi Hitachi Power Systems Ltd
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Opra Turbines
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Siemens
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vericor Power Systems
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