Press release
What is the Aeroderivative Gas Turbine Market share?Siemens*, GE, Mitsubishi Hitachi, Kawasaki, Opra Turbines, Wärtsilä, Solar Turbines, BHEL, Harbin, MAN Diesel, Vericor, Cryostar, Capstone, Zorya-Mashproekt and NPO Saturn.
North America Aeroderivative Gas Turbine 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.
Global Aeroderivative Gas Turbine Market is projected to witness growth over 7% and surpass USD 3.5 billion by 2024. Substantial increase in the adoption of cogeneration technology to meet the rising electricity demand coupled with growing focus towards augmenting the potential of maritime and aviation defense forces will boost the industry landscape.
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Growth drivers
North America and Europe
• Inclination toward energy optimization
• Shale gas revolution
• Positive clean energy outlook
Asia-pacific
• Renewable energy integration
• Growing focus toward decentralized generation technologies
Middle East, Africa and CIS
• Restructuring of electrical infrastructure
• Large scale renewable integration prospects
• Latin America
• Positive outlook towards gas-based electricity generation
Light weight, low carbon trails, high cycle elasticity and shorter downtime are the salient features to dominate other alternatives. In 2013, cogeneration accounted for 10% of the U.S. electricity generation followed by Denmark, the Netherlands and Finland for adoption of these facilities. In 2014, European Union has introduced the directive 2003/87/EC to limit the emissions to 20% by 2020. In Australia, government has introduced direct action plan to reduce the emissions to 26-28% by 2030.
Aeroderivative gas turbine market share with capacity of less than 18 MW is anticipated to witness growth over 8% by 2024. Rising demand across mobility segment will affect the business growth of small scale industries. Additionally, with the capacity above 18 MW will witness the growth subject to development of cogeneration facilities to provide affordable electricity supply.
Open cycle aerodervative gas turbine market is predicted to observe significant growth subject to higher energy output in lower fuel consumption. High efficiency and less start time will increase the combined cycle segment growth.
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Stringent emissions standards for power generation governed by the U.S. Environment Protection Agency under the Clean Power Plan will increase the aeroderivative gas turbine market share over 11% by 2024.
Government initiatives to strengthen the energy and defense industry being the backbone of economy, will positively compliment the business outlook in China. In 2014, China Huadian and GE entered in a joint venture to form Huadian GE Aero Gas Turbine Equipment Co. Ltd.Rising concerns for climate change coupled with the deployment of emission control measures under the Ministry of Environment, Forest and Climate change will favor the business landscape in India.
Major participants in aeroderivative gas turbine market are Siemens AG, General Electric, Mitsubishi Hitachi Power Systems, Rolls-Royce, Ansaldo Energia, ABB, Capstone Turbine, NPO Saturn, Harbin Electric International Company, Opra Turbines and Kawasaki Heavy Industries.
Aeroderivative Gas Turbine Market Segmentation:
Chapter 4 Aeroderivative Gas Turbine Market, By Capacity
4.1 Global aeroderivative gas turbine market share by capacity, 2018 & 2025
4.2 < 50 KW
4.2.1 Global market from < 50 KW, 2014 - 2025
4.2.2 Global market from < 50 KW, by region, 2014 - 2025
4.3 50 to 500 KW
4.3.1 Global market from 50 to 500 KW, 2014 - 2025
4.3.2 Global market from 50 to 500 KW, by region, 2014 - 2025
4.4 500 KW to 1 MW
4.4.1 Global market from 500 KW to 1 MW, 2014 - 2025
4.4.2 Global market from 500 KW to 1 MW, by region, 2014 - 2025
4.5 1 to 30 MW
4.5.1 Global market from 1 to 30 MW, 2014 - 2025
4.5.2 Global market from 1 to 30 MW, by region, 2014 - 2025
4.6 30 to 70 MW
4.6.1 Global market from 30 to 70 MW, 2014 - 2025
4.6.2 Global market from 30 to 70 MW, by region, 2014 - 2025
4.7 > 70 MW
4.7.1 Global market from > 70 MW, 2014 - 2025
4.7.2 Global market from > 70 MW, by region, 2014 - 2025
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 Aviation
6.5.1 Global market from aviation, 2014 - 2025
6.5.2 Global market from aviation, by region, 2014 - 2025
6.6 Marine
6.6.1 Global market from marine, 2014 - 2025
6.6.2 Global market from marine, by region, 2014 - 2025
6.7 Others
6.7.1 Global market from others, 2014 - 2025
6.7.2 Global market from others, by region, 2014 - 2025
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Related Report:
Aeroderivative Gas Turbine Market Growing Demand and Trends 2019 to 2025
https://www.marketwatch.com/press-release/aeroderivative-gas-turbine-market-growing-demand-and-trends-2019-to-2025-2019-02-26
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