Gas Turbine Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, India, Germany - Size and Forecast 2024-2028
| Published: Nov 2023 | Pages: 167 | SKU: IRTNTR43446 |
Gas Turbine Market 2023-2027
The gas turbine market is estimated to grow at a CAGR of 2.81% between 2022 and 2027. The size of the market is forecast to increase by USD 4,023.23 million. The growth of the market depends on several factors, including the growth of distributed power generation base, growth of distributed power generation base, and focus on the reduction of carbon emissions. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
This report extensively covers market segmentation by product (heavy-duty gas turbine and aero-derivative gas turbine), technology (CCGT and OCGT), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
What will be the Size of the Gas Turbine Market During the Forecast Period?
Gas Turbine Market Forecast 2023-2027
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Gas Turbine Market Dynamic
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Driver- The increase in CCGT power plants is notably driving market growth.
The demand for combined-cycle gas turbines for power plants is on the rise due to increased efficiency and better output. The abundance of natural gas and its low cost has also enabled companies and utilities to build new natural gas-based thermal power plants. This has helped increase the number of CCGT plants globally. In the long term, CCGT will also help meet the carbon emission targets.
Moreover, the CPP proposes state-by-state emission levels for existing power plants, with the cumulative goal of reducing nationwide carbon emissions by 30% by 2030, from the 2005 levels. The Environmental Protection Agency (EPA) has issued four building blocks as part of its CPP, including an objective of reaching 70% capacity factor in the existing combined-cycle plants, which is higher than the current range of 45% to 50%. Such initiatives on the part of the government will see a significant increase in the combined-cycle installed capacity during the forecast period.
Trends- The technological innovations in gas turbines will fuel the global gas turbine market for the power industry
Major manufacturers, such as General Electric (GE) and Siemens, are investing heavily in the development of high-efficiency gas turbines. Both turbines are categorized as H-class gas turbines. The constant pursuit of higher efficiency by major manufacturers, focusing on capturing the untapped potential of this market, will support market growth. Moreover, the flexibility of fuel is another area of focus for gas turbine manufacturers. This is because the composition of fuel in the energy mix varies considerably across regions.
Durability is another key focus for gas turbine manufacturers, as an operational failure of gas turbines and consequent downtime for maintenance and service cause high financial losses, especially in capital-intensive plants. However, an increase in efficiency and durability will not only decrease the operational cost of gas turbines but also offer operational benefits, thus adding to the demand for gas turbines.
Challenge- One of the major challenges hindering the growth of the global gas turbine market is the volatility of natural gas prices.
In order to safeguard power prices from price fluctuations, utilities always seek to maintain a balanced feedstock portfolio. However, in the present scenario, with a rapid shift toward gas turbine and natural gas-driven power plants in pursuit of cleaner modes of power generation, the reliance on natural gas is continuously increasing. Moreover, with low natural gas prices, the prospects of over-reliance on natural gas for power generation look less harmful.
However, going by the historic trend of natural gas prices, the over-reliance on natural gas will expose consumers to high natural gas prices, prompted by its growing demand and recovery of crude oil prices. Utilities will have to take the first effect of such an increase in natural gas prices, followed by consumers who will be overburdened with power prices. Such factors will hinder market growth during the forecast period.
Gas Turbine Market Segmentation by Product, Component and Region
Product Segment Analysis
The market share growth of the heavy-duty gas turbine segment will be significant during the forecast period. Heavy-duty (frame) gas turbines are extensively used in large-scale power-generating facilities, attributing to the anticipated robust growth of the segment during the forecast period. Power consumption is increasing across the globe; hence, there will be an additional demand for electric power. Technavio expects that there will be significant power generation activity across the globe, especially in developing nations, during the forecast period.
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The heavy-duty gas turbine segment was valued at USD 16,626.82 million in 2017 and will continue to grow until 2021. Environmental concerns are fueling the adoption of gas-based power generation over coal-based power generation, which is expected to increase the demand for gas turbines across the globe. High-baseload plants that require gas turbines with more than 300 MW are expected to contribute significantly to the growth of the global gas turbine market for the power industry during the forecast period. Owing to the high efficiency of heavy-duty gas turbines, many power plants are widely adopting such turbines so that they can use fewer turbines to generate the power required.
Regional Analysis
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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
There is immense potential for gas turbines in APAC as emerging economies like India, China, and Indonesia are mainly focusing on efficient power generation to sustain their economic growth and development. With governments promoting cleaner energy, the shift to gas-based power generation is growing in these countries. However, India is one of the countries which is highly dependent on coal for its power generation. Nonetheless, due to environmental concerns, the expansion of coal mining is limited, thereby increasing the scope for gas-based power generation.
Some vendors are also increasing the production capacity in APAC. For instance, in January 2020, Mitsubishi Heavy Industries launched full-scale operations at a newly established subsidiary in Jakarta, Indonesia. Similarly, in October 2020, Mitsubishi Power, a subsidiary of the Mitsubishi Heavy Industries (MHI) Group, secured a full-turnkey contract for the engineering, procurement, and construction (EPC) of a 1,400MW power plant in Thailand. Mitsubishi will supply two M701JAC gas turbines for the natural gas-fired turbine combined cycle (GTCC) facility. Such new agreements and expansion by vendors can accelerate market growth in APAC during the forecast period.
The gas turbine market for power industry in APAC was negatively impacted by the COVID-19 pandemic. However, the initiation of large-scale vaccination drives led to the lifting of lockdowns in 2021. This has resulted in the resumption of operations in gas turbine generation facilities, which has further fueled the demand for gas turbines in APAC. Moreover, there is an increase in the commercial and industrial demand for electricity. Therefore, the gas turbine market for power industry in APAC is expected to witness growth during the forecasted period.
Who are the Major Gas Turbine Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
MAN Energy Solutions SE - The company offers gas turbines for power industry such as MGT6000-1S, MGT6000-2S, THM1304 as its key offerings.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including: Ansaldo Energia Spa, Bharat Heavy Electricals Ltd., Capstone Green Energy Corp., Caterpillar Inc., Doosan Corp., Harbin Electric Corp., General Electric Co., Hindustan Aeronautics Ltd., Kawasaki Heavy Industries Ltd., IHI Corp., Mitsubishi Heavy Industries Ltd., Motor Sich JSC, OPRA Technologies B.V., PJSC Krasny Kotelshchik, Rolls Royce Holdings Plc, Shanghai Electric Group, Siemens AG, and Vericor Power Systems
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Segment Overview
The gas turbine market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Product Outlook (USD Million, 2017 - 2027)
- Heavy-duty gas turbine
- Aeroderivative gas turbine
- Technology Outlook (USD Million, 2017 - 2027)
- CCGT
- OCGT
- Region Outlook (USD Million, 2017 - 2027)
- APAC
- China
- India
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Argentina
- APAC
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Gas Turbine Market Scope |
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Report Coverage |
Details |
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Page number |
186 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.81% |
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Market growth 2023-2027 |
USD 4,023.23 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
2.67 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 39% |
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Key countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ansaldo Energia Spa, Bharat Heavy Electricals Ltd., Capstone Green Energy Corp., Caterpillar Inc., Doosan Corp., Harbin Electric Corp., General Electric Co., Hindustan Aeronautics Ltd., Kawasaki Heavy Industries Ltd., IHI Corp., MAN Energy Solutions SE, MAPNA Group Co., Mitsubishi Heavy Industries Ltd., Motor Sich JSC, OPRA Technologies B.V., PJSC Krasny Kotelshchik, Rolls Royce Holdings Plc, Shanghai Electric Group, Siemens AG, and Vericor Power Systems |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Gas Turbine Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the size of the gas turbine market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market industry across APAC, North America, Europe, Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of gas turbine market companies
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global gas turbine market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global gas turbine market 2018 - 2022 ($ million)
- 4.2 Product Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ million)
- 4.3 Technology Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Technology Segment 2018 - 2022 ($ million)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Heavy-duty gas turbine - Market size and forecast 2023-2028
- Exhibit 34: Chart on Heavy-duty gas turbine - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Heavy-duty gas turbine - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Heavy-duty gas turbine - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Heavy-duty gas turbine - Year-over-year growth 2023-2028 (%)
- 6.4 Aeroderivative gas turbine - Market size and forecast 2023-2028
- Exhibit 38: Chart on Aeroderivative gas turbine - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Aeroderivative gas turbine - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Aeroderivative gas turbine - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Aeroderivative gas turbine - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Product
- Exhibit 42: Market opportunity by Product ($ million)
- Exhibit 43: Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Technology
- 7.1 Market segments
- Exhibit 44: Chart on Technology - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Technology - Market share 2023-2028 (%)
- 7.2 Comparison by Technology
- Exhibit 46: Chart on Comparison by Technology
- Exhibit 47: Data Table on Comparison by Technology
- 7.3 CCGT - Market size and forecast 2023-2028
- Exhibit 48: Chart on CCGT - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Data Table on CCGT - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Chart on CCGT - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on CCGT - Year-over-year growth 2023-2028 (%)
- 7.4 OCGT - Market size and forecast 2023-2028
- Exhibit 52: Chart on OCGT - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on OCGT - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on OCGT - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on OCGT - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Technology
- Exhibit 56: Market opportunity by Technology ($ million)
- Exhibit 57: Data Table on Market opportunity by Technology ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2023-2028 (%)
- Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 Japan - Market size and forecast 2023-2028
- Exhibit 91: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.11 India - Market size and forecast 2023-2028
- Exhibit 95: Chart on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.12 Germany - Market size and forecast 2023-2028
- Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ million)
- Exhibit 104: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 108: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 109: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification
- 12.3 Ansaldo Energia Spa
- Exhibit 111: Ansaldo Energia Spa - Overview
- Exhibit 112: Ansaldo Energia Spa - Product / Service
- Exhibit 113: Ansaldo Energia Spa - Key offerings
- 12.4 Bharat Heavy Electricals Ltd.
- Exhibit 114: Bharat Heavy Electricals Ltd. - Overview
- Exhibit 115: Bharat Heavy Electricals Ltd. - Business segments
- Exhibit 116: Bharat Heavy Electricals Ltd. - Key news
- Exhibit 117: Bharat Heavy Electricals Ltd. - Key offerings
- Exhibit 118: Bharat Heavy Electricals Ltd. - Segment focus
- 12.5 Capstone Green Energy Corp.
- Exhibit 119: Capstone Green Energy Corp. - Overview
- Exhibit 120: Capstone Green Energy Corp. - Business segments
- Exhibit 121: Capstone Green Energy Corp. - Key news
- Exhibit 122: Capstone Green Energy Corp. - Key offerings
- Exhibit 123: Capstone Green Energy Corp. - Segment focus
- 12.6 Caterpillar Inc.
- Exhibit 124: Caterpillar Inc. - Overview
- Exhibit 125: Caterpillar Inc. - Business segments
- Exhibit 126: Caterpillar Inc. - Key offerings
- Exhibit 127: Caterpillar Inc. - Segment focus
- 12.7 General Electric Co.
- Exhibit 128: General Electric Co. - Overview
- Exhibit 129: General Electric Co. - Business segments
- Exhibit 130: General Electric Co. - Key news
- Exhibit 131: General Electric Co. - Key offerings
- Exhibit 132: General Electric Co. - Segment focus
- 12.8 Harbin Electric Corp.
- Exhibit 133: Harbin Electric Corp. - Overview
- Exhibit 134: Harbin Electric Corp. - Product / Service
- Exhibit 135: Harbin Electric Corp. - Key offerings
- 12.9 IHI Aerospace Co. Ltd.
- Exhibit 136: IHI Aerospace Co. Ltd. - Overview
- Exhibit 137: IHI Aerospace Co. Ltd. - Business segments
- Exhibit 138: IHI Aerospace Co. Ltd. - Key news
- Exhibit 139: IHI Aerospace Co. Ltd. - Key offerings
- Exhibit 140: IHI Aerospace Co. Ltd. - Segment focus
- 12.10 Kawasaki Heavy Industries Ltd.
- Exhibit 141: Kawasaki Heavy Industries Ltd. - Overview
- Exhibit 142: Kawasaki Heavy Industries Ltd. - Business segments
- Exhibit 143: Kawasaki Heavy Industries Ltd. - Key news
- Exhibit 144: Kawasaki Heavy Industries Ltd. - Key offerings
- Exhibit 145: Kawasaki Heavy Industries Ltd. - Segment focus
- 12.11 MAN Energy Solutions SE
- Exhibit 146: MAN Energy Solutions SE - Overview
- Exhibit 147: MAN Energy Solutions SE - Product / Service
- Exhibit 148: MAN Energy Solutions SE - Key offerings
- 12.12 Mitsubishi Heavy Industries Ltd.
- Exhibit 149: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 150: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 151: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 152: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 153: Mitsubishi Heavy Industries Ltd. - Segment focus
- 12.13 OPRA Turbines BV
- Exhibit 154: OPRA Turbines BV - Overview
- Exhibit 155: OPRA Turbines BV - Product / Service
- Exhibit 156: OPRA Turbines BV - Key offerings
- 12.14 Rolls Royce Holdings Plc
- Exhibit 157: Rolls Royce Holdings Plc - Overview
- Exhibit 158: Rolls Royce Holdings Plc - Business segments
- Exhibit 159: Rolls Royce Holdings Plc - Key news
- Exhibit 160: Rolls Royce Holdings Plc - Key offerings
- Exhibit 161: Rolls Royce Holdings Plc - Segment focus
- 12.15 Shanghai Electric Group Co. Ltd.
- Exhibit 162: Shanghai Electric Group Co. Ltd. - Overview
- Exhibit 163: Shanghai Electric Group Co. Ltd. - Product / Service
- Exhibit 164: Shanghai Electric Group Co. Ltd. - Key offerings
- 12.16 Siemens Energy AG
- Exhibit 165: Siemens Energy AG - Overview
- Exhibit 166: Siemens Energy AG - Business segments
- Exhibit 167: Siemens Energy AG - Key news
- Exhibit 168: Siemens Energy AG - Key offerings
- Exhibit 169: Siemens Energy AG - Segment focus
- 12.17 Wartsila Corp.
- Exhibit 170: Wartsila Corp. - Overview
- Exhibit 171: Wartsila Corp. - Business segments
- Exhibit 172: Wartsila Corp. - Key offerings
- Exhibit 173: Wartsila Corp. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 174: Inclusions checklist
- Exhibit 175: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 176: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 177: Research methodology
- Exhibit 178: Validation techniques employed for market sizing
- Exhibit 179: Information sources
- 13.5 List of abbreviations
- Exhibit 180: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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gas turbine market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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