Global Gas Turbines Market to Witness Impressive Growth, Revenue to Surge to USD 22.9 Billion By 2028

05-Jul-2021 | Zion Market Research

The global Gas turbine market accounted for USD 15.9 Billion in 2020 and is expected to reach USD 22.9 Billion by 2028, growing at a CAGR of 4.2% from 2021 to 2028.         

The Gas Turbines market report includes comprehensive and profound analysis on the global and regional level. The report gives historic data of 2016 to 2019 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study comprises drivers, restraints, and opportunities in the Gas Turbines market along with the impact on the demand over the forecast period.

The report provides the complete view of the Gas Turbines market and encompasses detailed type portfolio and strategic developments of key vendors. To know the competitive landscape of the Gas Turbines market, an analysis of Porter’s five forces model is done. The study cover market attractiveness analysis, in which design type, application, and rated capacity segments are specialized based on the market size, growth rate, and attractiveness. . The rated capacity is segmented into 1 To 40 MW, 40 To 120 MW, 120 To 300 MW, and above 300 MW.

All the segments have been analyzed based on existing and future trends and the market is projected from 2016 to 2028. The regional segmentation includes the present and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Of all the regional segments of the worldwide gas turbines market, the leading share in the overall market was held by Asia Pacific in 2015. This supremacy is mainly observed owing to the enormous population and elevated demand for electricity in this region. India and China are the most crowded nations in this region. In 2020, China alone utilized over more than 20% electricity in the world. Power production in Asia Pacific was backed by their massive amount of natural resources.

Some of the major players active in the Gas Turbines market comprise Siemens AG, Alstom S.A, Bharat Heavy Electricals Limited, Mitsubishi Hitachi Power Systems, General Electric Company, AnsaldoEnergia S.P.A and among others. Players operating in Gas Turbines market mainly aim on merger and acquirement strategy so as to enhance its market status.

Browse the full Gas turbine Market by Design Type (Heavy duty and Aero-derivative), Application (Oil & Gas, Power generation, and Others), By Rated Capacity (1 to 40 MW, 40 to 120 MW, 120 to 300 MW, Above 300 MW): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/gas-turbines-market

The report segments the Gas Turbines market into:

By Design Type

  • Heavy duty
  • Aero-derivative

By Application

  • Oil & Gas
  • Power generation
  • Others

 By Rated Capacity

  • 1 to 40 MW
  • 40 to 120 MW
  •  120 to 300 MW
  • Above 300 MW

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Corporate Office

Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed