Aeroderivative Gas Turbine Market a Comprehensive Analysis | Key Players - General Electric, Siemens AG, Mitsubishi Hitachi Power Systems Ltd, Rolls-Royce, ABB, Ansaldo Energia, Capstone Turbine, Harbin Electric International Company Limited
noticeable global trend of substituting coal-fired power plants with sustainable energy based gas turbine plants especially across developed countries including U.K,
Germany, and U.S is expected to push the market outlook. Aeroderivative gas turbines are winning an edge over other alternatives owing to some of its tremendous
attributing factors such as less carbon footprint, light weight, higher flexibility, as well as comparatively shorter maintenance time.
Market players’ significant investments to improve the durability and efficiency of existing gas turbines is also positively influencing the industry growth. For instance,
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Aeroderivative gas turbine market is gaining heavy momentum from its application in the power generation sector, which is expected to surpass 9 GW power by 2024.
Apart from power generation, these turbines are widely used in industrial, marine, oil & gas, and aviation industries. Oil & gas application market is estimated to grow at
a rate of 10% over the period of 2016-2024. GE, in 2017 introduced the LM9000 and NovaLT12 gas turbine series, which was specifically designed for the O&G
U.S. aeroderivative gas turbine market share is predicted to witness gain over 11% by 2024. Stringent emission norms coupled with deployment of new cogeneration
facilities will positively impact the business outlook.
For Europe, Russia accounted for over 130 MW in 2015. Growing investments towards replacement of aging coal fired stations with sustainable cogeneration plants
will boost the industry growth.
China aeroderivative gas turbine market is set to exceed USD 350 million by 2024. Government measures to strengthen energy and defense industry will positively favor
the industry growth. In 2014, GE and China Huadian Corporation (CHD) ventured together to form Huadian GE Aero Gas Turbine Equipment Co., Ltd. (HDGE).
Most of the gas turbines operate on open cycle technology (air is drawn from atmosphere) which is suitable for high energy output with minimal fuel consumption.
Open cycle based aeroderivative gas turbine market is forecast to exceed a revenue of USD 1 billion by 2024. Along with the rising demand for open cycle technology,
the combine cycle aeroderivative gas turbine industry is also gaining a substantial traction, owing to its high efficiency, effective design, and demand across defense
sector. Combined cycle based aeroderivative gas turbine market generated over 5 GW capacity in 2015 and is projected to see lucrative growth prospects over the
coming seven years.
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Chapter 1 Methodology & Scope
1.1.1 Initial data exploration
1.1.2 Statistical model & forecast
1.1.3 Industry insights and validation
1.1.4 Scope & assumptions
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Aeroderivative gas turbine industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Capacity trends
2.1.3 Technology trends
2.1.4 Application trends
2.1.5 Regional trends
Chapter 3 Aeroderivative Gas Turbine Industry Insights
3.1 Industry segmentation
3.2 Industry size & forecast, 2013 – 2024
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Innovation & sustainability
3.6 Price trend analysis
3.7 Regulatory landscape
3.8 Industry impact forces
3.8.1 Growth drivers
184.108.40.206 Increased power-to-weight ratio of aeroderivative gas turbines
220.127.116.11 Rising cogeneration applications for aeroderivative gas turbines
18.104.22.168 Growing demand across mobility segment
22.214.171.124 Emerging regulations on carbon emissions
3.8.2 Industry pitfalls & challenges
126.96.36.199 Inherent challenges of handling natural gas
3.9 Growth potential analysis
3.10 Company market share analysis, 2015
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