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Gas Turbines Market (Heavy Duty and Aeroderivative), By Rated Capacity (1 To 40 MW, 40 To 120 MW, 120 To 300 MW, and Above 300 MW), By Application (Oil & Gas, Power Generation and Other Industries) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Published Date: 15-Jul-2016 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-42 Status : Published

Global gas turbines market will reach USD 20.5 billion by 2021, growing at a CAGR of 4% during 2016 and 2021.

Description

The report covers forecast and analysis for the gas turbines market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD billion). The study includes drivers and restraints for the gas turbines market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the gas turbines market on a global level.

In order to give the users of this report a comprehensive view on the gas turbines market, we have included a detailed segmentation of gas turbines. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the gas turbines market has also been included. The study encompasses a market attractiveness analysis, wherein type segments and technology segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the gas turbines market by segmenting the market based on design type,heavy duty (frame) type, aero-derivative type. All the type segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. The gas turbines application segment includes power generation, oil & gas, other industries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific and Rest of the world. This segmentation includes demand for gas turbines based on individual applications in all the regions.

The report also includes detailed profiles of key players such as Siemens AG, Alstom S.A, Bharat Heavy Electricals Limited, Mitsubishi Hitachi Power Systems, General Electric Company, AnsaldoEnergia S.P.A and among others.

The report segments the global Gas Turbines market as

Gas Turbines Market: Design Type Segment Analysis

  • Heavy duty
  • Aeroderivative

Gas Turbines Market: Application Segment Analysis

  • Oil & gas
  • Power generation
  • Other industries

Gas Turbines Market: Rated Capacity Segment Analysis

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

Gas Turbines Market: Rated Capacity Segment Analysis

  • Open cycle gas turbines
  • Closed cycle gas turbines

Gas Turbines Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Gas turbines Market, 2015 - 2021, (USD Billion)
    • 2.2. Gas turbines : Market snapshot
  • Chapter 3. Gas turbines Market: Industry Analysis
    • 3.1. Gas turbines : Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing ability and durability of gas turbines
      • 3.2.2. Strict carbon emission regulation across the globe
      • 3.2.3. Advancement in technology
      • 3.2.4. Lower power generating cost and high performance of gas turbines
    • 3.3. Restraints
      • 3.3.1. Extended start-up time
      • 3.3.2. Low sensitivity to modification in power demand
    • 3.4. Opportunity
      • 3.4.1. Advancing technologies
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by design type segment
      • 3.6.2. Market attractiveness analysis by application segment
      • 3.6.3. Market attractiveness analysis by rated capacity segment
      • 3.6.4. Market attractiveness analysis by technology segment
      • 3.6.5. Market attractiveness analysis by region segment
  • Chapter 4. Global Gas turbines Market: Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global gas turbines market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. Product Portfolio
    • 4.5. Patent Analysis (2011-2016)
      • 4.5.1. Patent Trend
      • 4.5.2. Patent Share by company
      • 4.5.3. By Region
  • Chapter 5. Global Gas turbines Market: Design Type Overview
    • 5.1. Global gas turbines market share, by design type, 2015 and 2021
    • 5.2. Global gas turbines market for heavy duty type, 2015 - 2021(USD Billion)
    • 5.3. Global gas turbines market for aeroderivative type, 2015 - 2021 (USD Billion)
  • Chapter 6. Global Gas turbines Market: Application Overview
    • 6.1. Global gas turbines market share, by application, 2015 and 2021
    • 6.2. Global gas turbines market for oil & gas, 2015 - 2021(USD Billion)
    • 6.3. Global gas turbines market for power generation, 2015 - 2021 (USD Billion)
    • 6.4. Global gas turbines market for other industries, 2015 - 2021 (USD Billion)
  • Chapter 7. Global Gas turbines Market: Rated Capacity Overview
    • 7.1. Global gas turbines market share for rated capacity, 2015 and 2021
    • 7.2. Global gas turbines market for 1-40 MW, 2015 - 2021(USD Billion)
    • 7.3. Global gas turbines market for 40-120 MW, 2015 - 2021 (USD Billion)
    • 7.4. Global gas turbines market for 120-300 MW, 2015 - 2021 (USD Billion)
    • 7.5. Global gas turbines market for above 300 MW, 2015 - 2021 (USD Billion)
  • Chapter 8. Global Gas turbines Market: Technology Overview
    • 8.1. Global gas turbines market share, by technology, 2015 and 2021
    • 8.2. Global gas turbines market for open cycle technology, 2015 - 2021(USD Billion)
    • 8.3. Global gas turbines market for combined cycle technology, 2015 - 2021 (USD Billion)
  • Chapter 9. Global Gas turbines Market: Regional Analysis
    • 9.1. Global gas turbines market: Regional overview
      • 9.1.1. Global gas turbines market share, by region, 2015 and 2021
    • 9.2. North America
      • 9.2.1. North America gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
      • 9.2.2. North America gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
      • 9.2.3. North America gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
      • 9.2.4. North America gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
      • 9.2.5. U.S.
        • 9.2.5.1. U.S gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
        • 9.2.5.2. U.S gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
        • 9.2.5.3. U.S gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
        • 9.2.5.4. U.S gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
    • 9.3. Europe
      • 9.3.1. Europe gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
      • 9.3.2. Europe gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
      • 9.3.3. Europe gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
      • 9.3.4. Europe gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
      • 9.3.5. UK
        • 9.3.5.1. UK gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
        • 9.3.5.2. UK gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
        • 9.3.5.3. UK gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
        • 9.3.5.4. UK gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
      • 9.3.6. France
        • 9.3.6.1. France gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
        • 9.3.6.2. France gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
        • 9.3.6.3. France gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
        • 9.3.6.4. France gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
      • 9.3.7. Germany
        • 9.3.7.1. Germany gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
        • 9.3.7.2. Germany gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
        • 9.3.7.3. Germany gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
        • 9.3.7.4. Germany gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
      • 9.4.2. Asia Pacific gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
      • 9.4.3. Asia Pacific gas turbines market revenue, by rated capacity, 2015 – 5 – 2021 (USD Billion)
      • 9.4.4. Asia Pacific gas turbines market revenue, by technology, 2015 – 5 – 2021 (USD Billion)
      • 9.4.5. China
        • 9.4.5.1. China gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
        • 9.4.5.2. China gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
        • 9.4.5.3. China gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
        • 9.4.5.4. China gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
      • 9.4.6. India
        • 9.4.6.1. India gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
        • 9.4.6.2. India gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
        • 9.4.6.3. India gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
        • 9.4.6.4. India gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
    • 9.5. Latin America
      • 9.5.1. Latin America gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
      • 9.5.2. Latin America gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
      • 9.5.3. Latin America gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
      • 9.5.4. Latin America gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
      • 9.5.5. Brazil
        • 9.5.5.1. Brazil gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
        • 9.5.5.2. Brazil gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
        • 9.5.5.3. Brazil gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
        • 9.5.5.4. Brazil gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
    • 9.6. Middle East & Africa
      • 9.6.1. Middle East & Africa gas turbines market revenue, by design type, 2015 – 2021 (USD Billion)
      • 9.6.2. Middle East & Africa gas turbines market revenue, by application, 2015 – 2021 (USD Billion)
      • 9.6.3. Middle East & Africa gas turbines market revenue, by rated capacity, 2015 – 2021 (USD Billion)
      • 9.6.4. Middle East & Africa gas turbines market revenue, by technology, 2015 – 2021 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1. Siemens AG
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Product portfolio
      • 10.1.4. Business strategy
      • 10.1.5. Recent developments
    • 10.2. Alstom S.A
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Product portfolio
      • 10.2.4. Business strategy
      • 10.2.5. Recent developments
    • 10.3. Bharat Heavy Electricals Limited
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Product portfolio
      • 10.3.4. Business strategy
      • 10.3.5. Recent developments
    • 10.4. Mitsubishi Hitachi Power Systems
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Product portfolio
      • 10.4.4. Business strategy
      • 10.4.5. Recent developments
    • 10.5. General Electric Company
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Product portfolio
      • 10.5.4. Business strategy
      • 10.5.5. Recent developments
    • 10.6. Ansaldo Energia S.P.A
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Product portfolio
      • 10.6.4. Business strategy
      • 10.6.5. Recent developments
  • Chapter 11. Patents
    • 11.1. U.S. (US Patents)
    • 11.2. Europe (EP documents)
    • 11.3. Japan (Abstracts of Japan)
    • 11.4. Global (WIPO (PCT))

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Gas Turbines market. Zion Research has collected and analyzed key data belong to the global Gas Turbines market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Gas Turbines across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Gas Turbines industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Gas Turbines market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Turbines are the mechanical devices that take out energy from a variety of sources such as water, steam, and gas and transfer it into useful energy. A gas turbine also referred as a combustion turbine, is a type of inner combustion engine. Turbines are utilized for electricity generation from the different sources of energies, such as tidal and wind energy. Furthermore, turbines are used in aircraft’s engines. The first practical gas turbine used to generate electricity ran at Neuchatel, Switzerland in 1939 and was developed by the Brown Boveri Company. Gas turbines are an important part of distributed power technologies product group along with diesel and small wind turbines, solar panels, and gas reciprocating engines.

A key growth driver for gas turbine market is the increasing ability and durability of gas turbines. The rising efficiency of gas turbines is anticipated to the growth of the market in 2015. A strict carbon emission regulation across the globe is expected to fuel the gas turbines market in forthcoming years. The advancement in technology coupled with lower power generating cost and high performance of gas turbines are the key factors associated with the development of gas turbines market.Gas turbines are a highly important part of distributed power technologies product. Hence, development of distributed power systems can be transformed to an enhanced demand for gas turbines during the upcoming years.

Gas Turbines Market Revenue

Gas turbines market is segmented on the basis of design type, application, rated capacity and geography. On the basis of design type turbines, the market is segmented into heavy duty type and aero-derivative type gas turbines. By Application, the turbines market is segmented into oil & gas, power generation, and other industries. On the basis of rated capacity turbines are segmented into 1 to 40 MW, 40 to 120 MW, 120 to 300 MW, and above 300 MW. Above 300 MW rated capacity gas turbines has been emerged as potential segments due to rising demand worldwide and acquired a significant share of the overall market in 2015. On the basis of technology, the market is segmented into open cycle and closed cycle gas turbines. A combined cycle technology expected to be the dominant technology in global gas turbines market in the forecast period.

Global gas turbines market is expected to grow steadily in future. Asia Pacific dominated the gas turbines market in 2015, followed by North America and Europe. The biggest share of Asia Pacific region can be attributed to various factors such as rapid economic growth, industrialization, and the vast requirement for electric power from various countries in this region. Japan accounted for the largest share in gas turbines market in 2015.Latin America represents a region with a large potential for gas turbines market.

Companies in this industry are continuously striving for distinct and innovative ways to improve their market share and sales. Some of the well-established players in this market include Siemens AG, Alstom S.A, Bharat Heavy Electricals Limited, Mitsubishi Hitachi Power Systems, General Electric Company, AnsaldoEnergia S.P.A and among others.

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