Gas Turbines Market for Power Industry by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR44562
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The gas turbines market for power industry size is expected to grow by $ 2.22 bn and record a CAGR of 2.10% during 2021-2025.

This post-pandemic gas turbines market for power industry report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this gas turbines market for power industry analysis report, key drivers such as increase in ccgt power plants have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as volatility in natural gas price, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Gas Turbines Market For Power Industry Size be in 2021?

Gas-Turbines-Market-For-Power-Industry-Market-Size-2020-2025

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Who are the Key Vendors in the Gas Turbines Market For Power Industry?

The gas turbines market for power industry forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

  • Ansaldo Energia Spa
  • Bharat Heavy Electricals Ltd.
  • Capstone Green Energy Corp.
  • Caterpillar Inc.
  • General Electric Co.
  • IHI Corp.
  • Kawasaki Heavy Industries Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • OPRA Turbines
  • Siemens AG

Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The gas turbines market for power industry is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

This gas turbines market for power industry report further entails segmentations by technology (Combined-cycle gas turbines and Open-cycle gas turbines) and geography (APAC, North America, Europe, MEA, and South America). The available actionable insights on the segmentations, in this report, will enable a better understanding of the target audience and changing demand patterns.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The gas turbines market for power industry further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.

Which are the Key Regional Markets for Gas Turbines Market For Power Industry?

Gas-Turbines-Market-For-Power-Industry-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis of the geographical composition of the market. APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. The will significantly influence gas turbines market for power industry growth in this region. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.

53% of the market’s growth will originate from APAC during the forecast period. China, US, Japan, Germany, and India are the key markets for gas turbines market for power industry in the region. This report provides estimations of the contribution of all regions to the growth of the gas turbines market for power industry size.

Gas Turbines Market For Power Industry Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.10%

Market growth 2021-2025

$ 2.22 billion

Market structure

Fragmented

YoY growth (%)

1.07

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 53%

Key consumer countries

China, US, Japan, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ansaldo Energia Spa, Bharat Heavy Electricals Ltd., Capstone Green Energy Corp., Caterpillar Inc., General Electric Co., IHI Corp., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., OPRA Turbines, and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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What are the Key Factors Covered in this Gas Turbines Market For Power Industry Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive gas turbines market for power industry growth during the next five years
  • Precise estimation of the gas turbines market for power industry size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the gas turbines market for power industry industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gas turbines market for power industry vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Combined-cycle gas turbines - Market size and forecast 2020-2025
    • Open-cycle gas turbines - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Ansaldo Energia Spa
      • Bharat Heavy Electricals Ltd.
      • Capstone Green Energy Corp.
      • Caterpillar Inc.
      • General Electric Co.
      • IHI Corp.
      • Kawasaki Heavy Industries Ltd.
      • Mitsubishi Heavy Industries Ltd.
      • OPRA Turbines
      • Siemens AG

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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.

      TechnavioINFORMATION 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
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      TechnavioDATA 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
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      TechnavioREPORT 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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      The gas turbines market for power industry market growth will increase by $1650.17 million during 2019-2024.
      The gas turbines market for power industry market is expected to grow at a CAGR of 1.60% during 2019-2024.
      Technavio has segmented the gas turbines market for power industry market by technology (CCGT and OCGT) and geographic (APAC, North America, Europe, MEA, and South America).
      Ansaldo Energia Spa, Bharat Heavy Electricals Ltd., Capstone Turbine Corp., Caterpillar Inc., General Electric Co., IHI Corp., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., OPRA Turbines, Siemens AG are a few of the key vendors in the gas turbines market for power industry market.
      APAC will register the highest growth rate of 55.80% among the other regions. Therefore, the gas turbines market for power industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the gas turbines market for power industry market growth are:
      • Increase in CCGT power plants
      The gas turbines market for power industry market vendors should focus on grabbing business opportunities from the ccgt segment as it accounted for the largest market share in the base year.
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