What are the growth opportunities in theAeroderivative Gas Turbine Market across major regions in the future? Siemens, GE, Mitsubishi Hitachi, Kawasaki, Opra Turbines, Wärtsilä, Solar Turbines, BHEL, Harbin, MAN Diesel, Vericor, Cryostar, Capstone, Zory
Aeroderivative Gas Turbine Market in 2018, surpassed an annual installation of 5'000 MW and is predicted to exceed USD 2'500 million by 2025. Rising investments for the replacement of existing conventional power generation stations with advance gas-fired power plants to reduce carbon emission will foster the industry dynamics. Furthermore, the integration of shale gas fueled products & technologies has led to large scale E&P across remote onshore and offshore facilities which in turn will complement the business outlook.
Rapid integration of distributed power generation technologies across stationary power establishments will augment the demand for 500kW units. Light weight, lower emissions, compact size, lower electricity costs, fewer number of moving parts and surplus fuel utilization are major factors positively influencing the overall aeroderivative gas turbine market share. Moreover, ongoing technological development to ensure enhanced efficiency and operational versatility across un-recuperated and recuperated technologies will further stimulate the product demand.
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Lesser warm up time when compared to traditional systems, light weight, compact size, quick start and minimal dependency on cooling water are few essential factors nurturing the open cycle aeroderivative gas turbine market. These products in reference to land-based industries encompass wide spread installation across mechanical & direct drive applications. Moreover, installation across aircrafts, where reducing the unit weight finds prime focus along with applications extended to offshore platforms constitute huge potential for technological expansion.
Inhibition of energy resources including coal and hydro power along with regulatory shift for power optimization will influence the global combined cycle (CC) aeroderivative gas turbine market. Furthermore, paradigm shift from coal-based power generation plants owing to persisting demand and supply gap has made the combined cycle (CC) units an attractive fund allocation prospect.
Growing demand for energy along with favorable regulatory and consumer outlook towards renewable adoption will foster the power generation plant based aeroderivative gas turbine market. Moreover, fund allocation for the integration & expansion of CHP plants along with developing technologies for distributed power generation will further augment the business landscape.
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North America market is predicted to grow on account of rise in focus towards combined cycle gas turbine (CCGT) power plant capacity addition. The rise in capacity is adhered to the development in drilling and extraction processes taking place across the region making gas-fired technology cheap & reliable source of power.
China is expected to be the largest market during the forecast period
China aeroderivative gas turbine market will exceed USD 190 million owing to large scale growth of gas fired power generation technologies by 2025. Siemens in 2017, entered an agreement with CAPCO to source gas turbines for their 550 MW combined cycle generating plant. Furthermore, the agreement has also been related with company's vision for regional expansion and incorporation of a versatile distribution channel.
Prominent aeroderivative gas turbine market players comprise of GE, Siemens, Mitsubishi Hitachi, MAN Diesel, Kawasaki, Harbin, BHEL, Solar Turbines, Opra Turbines, Zorya-Mashproekt Wartsila, Vericor, Capstone, NPO Saturn and Cryostar.
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Aeroderivative gas turbine Market, By Application
• Power Plants
• Oil & Gas
• Process plants
Partial Table of Contents (ToC) of the report:
Chapter 5 Aeroderivative Gas Turbine Market, By Technology
5.1 Global aeroderivative gas turbine market share by technology, 2018 & 2025
5.2 Open cycle
5.2.1 Global market from open cycle, 2014 - 2025
5.2.2 Global market from open cycle, by region, 2014 - 2025
5.3 Combined cycle
5.3.1 Global market from combined cycle, 2014 - 2025
5.3.2 Global market from combined cycle, by region, 2014 - 2025
Chapter 6 Aeroderivative Gas Turbine Market, By Application
6.1 Global aeroderivative gas turbine market share by application, 2018 & 2025
6.2 Power plants
6.2.1 Global market from power plants, 2014 - 2025
6.2.2 Global market from power plants, by region, 2014 - 2025
6.3 Oil & gas
6.3.1 Global market from oil & gas, 2014 - 2025
6.3.2 Global market from oil & gas, by region, 2014 - 2025
6.4 Process plants
6.4.1 Global market from process plants, 2014 - 2025
6.4.2 Global market from process plants, by region, 2014 - 2025
6.5.1 Global market from aviation, 2014 - 2025
6.5.2 Global market from aviation, by region, 2014 - 2025
6.6.1 Global market from marine, 2014 - 2025
6.6.2 Global market from marine, by region, 2014 - 2025
6.7.1 Global market from others, 2014 - 2025
6.7.2 Global market from others, by region, 2014 - 2025
The above information is provided on a regional & country basis for the following:
• North America
• Asia Pacific
o South Korea
• Middle East & Africa
o Saudi Arabia
o South Africa
• Latin America
Gas Turbine Market
Hydrogen Generation Market
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