Gas Turbine Market Key Country Analysis | Siemens AG, Mitsubishi Heavy Industries Ltd, General Electric Company, Kawasaki Heavy Industries Ltd

Delvens published an exclusive report, titled, "Gas Turbine Market Key Country Analysis | Siemens AG, Mitsubishi Heavy Industries Ltd, General Electric Company, Kawasaki Heavy Industries Ltd". Gas Turbine Market by Technology (Open Cycle and Combined Cycle), Design Type (Heavy Duty and Aeroderivative), End User (Power Generation, Oil & Gas), Rated Capacity (1â€"40 MW, 40â€"120 MW, 120â€"300 MW, above 300 MW), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

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The global gas turbine Market size is projected to reach a CAGR of 5.3% from 2022-2028.

Gas Turbine Market Key Players: Siemens AG, Mitsubishi Heavy Industries Ltd, General Electric Company, Kawasaki Heavy Industries Ltd, Wartsila Oyj Abp

In October 2019, GE launched 7HA.03, the newest version of its HA gas turbine, to power FPL's Dania Beach Clean Energy Center in Fort Lauderdale, Florida.

In June 2021, OPRA Turbines signed an agreement with Quanta. This partnership enabled Quanta to become a reseller for OPRA Turbines in the offshore oil & gas segment in the North Sea region.

Regional Analysis

Asia Pacific dominated the global gas turbine market, in terms of value. Investment in new large gas-fired combined cycle power generation plants and large coal-fired plants, along with rising electricity demand, is expected to drive the Asia Pacific gas turbines market's growth.

Table of Contents

Gas Turbine Market is segmented into design type, backing type, technology, rated capacity and region.

On the basis of Design Type

Heavy duty (frame)
Aeroderivative

On the basis of Backing Type

Power Generation
Oil & gas
Other industrial (mechanical drive processes in the steel, aluminum, and manufacturing industries)

On the basis of Technology

Open Cycle
Combined Cycle

On the basis of Rated Capacity

1-40 MW
40-120 MW
120-300 MW
Above 300 MW

On the basis of Region

Asia Pacific
North America
Europe
South America
Middle East & Africa

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Gas Turbine Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Gas turbine is a mechanical device, which harnesses energy from working fluid or gas by utilizing its kinetic energy or potential energy. These turbines run on brayton cycle, which is equipped with a heater, compressor, turbine, and cooler. The working fluid undergoes thermodynamic process where the system converts mechanical/heat energy into rotating energy, which, in turn, produces the electricity as output.

Rapid technological advancements in the energy sector coupled with increase in focus toward distributed power generation technology, are some of the factors that have supported long-term expansion for Gas Turbine Market.

The pandemic is estimated to have an impact on various factors of the value chain of the gas turbine market. The electric power generation market declined, and the mechanical drive market declined, which was a grim year all around the world, as the COVID-19 pandemic killed millions and cratered economies.

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