Industrial Gas Turbine Market Outlook, Top Leading Companies, Regions and Forecasts by 2029

The Industrial Gas Turbine (IGT) Market refers to the global market for gas turbine technology and related services used in industrial applications such as power generation, oil and gas production, and industrial processes. Gas turbines are engines that convert natural gas or other fuels into mechanical energy that can be used to drive generators or other equipment.

Top Companies
Ansaldo Energia, Bharat Heavy Electricals Limited, General Electric, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd., Man Diesel & Turbo, Mitsubishi Hitachi Power Systems Ltd., Opra Turbines B.V., Siemens, Vericor Power Systems.

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The IGT market is driven by the increasing demand for energy, the need for efficient and reliable power generation, and the growth of the oil and gas industry. The market includes both new installations and aftermarket services such as maintenance, repair, and overhaul of existing gas turbines.

The IGT market is highly competitive, with a few major players dominating the market. Some of the key players in the market include General Electric, Siemens AG, Mitsubishi Heavy Industries, and Rolls-Royce Holdings. These companies offer a range of gas turbine technologies, including aeroderivative and heavy-duty gas turbines, as well as services to support the installation, operation, and maintenance of gas turbine systems.

Competitive Analysis
The report takes in an analysis of the major market players active in the global Industrial Gas Turbine Market. It emphasizes on the business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations incorporated by these market players to reinforce their position in the market. The market report takes account of statistics, tables, and charts to present a detailed study of the industry.

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Analysis of COVID-19 impact
The COVID-19 pandemic has impacted the global Industrial Gas Turbine Market negatively along with altering the entire market scenario. The report delineates the impact of the lockdown across the world and how the ban on international travel that has disrupted the total value chain, thereby leading to a global crisis. The report also examines the post-COVID-19 scenario along with portraying how the rollout of mass vaccination programs by several government bodies is going to help the global Industrial Gas Turbine Market recoup soon.

KEY MARKET SEGMENTS
By Product
Heavy Duty
Aeroderivative
Others

By Application
Power Generation
Oil & Gas
Others

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