Press release
Gas Turbine Market is growing at a CAGR of 6.2% in the forecast period (2024-2031)
Gas Turbine Market
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Gas Turbine Market size was valued at USD 22.17 billion in 2022 and is poised to grow from USD 23.98 billion in 2023 to USD 38.8 billion by 2031, growing at a CAGR of 6.2% in the forecast period (2024-2031).
It is expected that electricity demand will increase by over one-third in the future years. The main gas-producing regions, including the United States, the Middle East, and Russia, are undergoing a major overhaul of their electricity generation infrastructure in order to quickly adapt gas-based power generation. There are additional notable installations in Latin America, Southeast Asia, and Africa. As a result of these improvements, demand for gas turbines in these regions may expand during the projection period. However, rising renewable deployment due to renewable-based power generation's higher competency may hamper the growth of the Gas Turbine Market in the approaching years.
Market Segmentation:
Global gas turbine market is segmented on the basis of technology, capacity, end-user, and region.
By technology, the Gas Turbine Market is segmented into open cycle and combined cycle.
By capacity, Gas Turbine Market is segmented into ≤200 MW and >200 MW.
By end-user, Gas Turbine Market is segmented into power & utility and industrial.
By region, the Gas Turbine Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Gas Turbine Market Top Player's Company Profiles
Kawasaki Heavy Industries, Ltd.
Siemens Energy
Capstone Green Energy Corporation
General Electric
Mitsubishi Heavy Industries
Ansaldo Energia
Bharat Heavy Electricals Limited
Doosan Heavy Industries & Construction
Toshiba Energy Systems & Solutions Corporation
MAN Energy Solutions
Wärtsilä Corporation
Caterpillar Inc.
Rolls-Royce Holdings plc
Alstom SA
ABB Group
Solar Turbines Inc.
Honeywell International Inc.
Kawasaki Gas Turbine Asia Sdn Bhd
Vericor Power Systems
Elliott Group
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Essential regions of the Gas Turbine market are:
• Gas Turbine North America Market includes (Canada, Mexico, USA)
• Gas Turbine Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Gas Turbine Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Gas Turbine South America Market includes (Brazil, Argentina)
FAQs: -
1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Gas Turbine industry.
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Objectives of the Study:
• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market
Looking ahead, the Gas Turbine Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Gas Turbine Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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Table of Contents
Global Gas Turbine Market Research Report 2024-2031
Chapter 1 Gas Turbine Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Gas Turbine Market Forecast
...
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