Press release
Industrial Gas Turbine Market to reach USD 15.20 Bn by 2030, emerging at a CAGR of 6 percent and forecast (2024-2030)
Industrial Gas Turbine Market
This analysis is based on comprehensive research methodologies, including qualitative and quantitative assessments, market trend analysis, and expert insights. Data has been collated from various reputable sources, ensuring a robust and reliable market forecast.
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What are Industrial Gas Turbine Market Dynamics:
Reduction in Greenhouse Emissions: Gas turbine technology significantly lowers greenhouse gas emissions compared to coal-fired power plants. Natural gas-fired turbines produce minimal sulfur dioxide and lower CO2 emissions, driving market demand.
Growing Electricity Demand: Rapid industrialization and infrastructure development have surged global electricity needs. Industrial gas turbines are becoming the preferred choice due to stringent emission regulations and their efficiency in meeting rising energy demands.
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Industrial Gas Turbine Market Regional Insights:
North America: Leading the market due to extensive shale gas exploration and a high number of natural gas-powered industrial gas turbine plants. The U.S. Energy Information Administration (EIA) forecasts natural gas as the primary fuel for power generation by 2035.
Asia Pacific: Expected to exhibit substantial growth driven by rapid industrialization, escalating energy demands, and a shift towards cleaner energy solutions. Government initiatives in countries like China and India to reduce carbon emissions further bolster market expansion.
What is Industrial Gas Turbine Market Segmentation:
by Capacity
≤ 70 MW
> 70 MW - 300 MW
≥ 300 MW
by Technology
Heavy Duty
Light Industrial
Aeroderivative
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Who are Industrial Gas Turbine Market Key Players:
1. General Electric Company
2. Siemens AG
3. Mitsubishi Heavy Industries Ltd
4. Harbin Electric International Company Limited
5. Doosan Heavy Industries & Construction
6. OPRA Turbines
7. Rolls-Royce
8. Vericor Power System
9. Bharat Heavy Electricals Limited
10. Kawasaki Heavy Industries Ltd
11. Ansaldo Energia SpA
12. Solar Turbines
13. Man Diesel and Turbo SE
14. MTU Aero Engines AG/Vericor Power Systems LLC
15. Centrax Industries Ltd
16. UEC Saturn
17. Wartsila
18. Zorya-Mashproekt.
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Table of content for the Industrial Gas Turbine Market includes:
1.Global Industrial Gas Turbine Market : Research Methodology
2.Global Industrial Gas Turbine Market : Executive Summary
Market Overview and Definitions
● Introduction to the Global Market
● Summary
● Key Findings
● Recommendations for Investors
● Recommendations for Market Leaders
● Recommendations for New Market Entry
3.Global Industrial Gas Turbine Market : Competitive Analysis
MMR Competition Matrix
● Market Structure by region
● Competitive Benchmarking of Key Players
● Consolidation in the Market
● M&A by region
● Key Developments by Companies
● Market Drivers
● Market Restraints
● Market Opportunities
● Market Challenges
● Market Dynamics
● PORTERS Five Forces Analysis
● PESTLE
● Regulatory Landscape by region
● North America
● Europe
● Asia Pacific
● Middle East and Africa
● South America
● COVID-19 Impact
4.Company Profile: Key players
Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
● Past Pricing and price curve by region (2022 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2022-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● Competitive benchmarking of key players by region
● PESTLE Analysis
● PORTER's analysis
● Value chain and supply chain analysis
● Legal Aspects of business by region
● Lucrative business opportunities with SWOT analysis
● Recommendations
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