1. Market Research
  2. > Manufacturing
  3. > Electrical Equipment Market Trends
Gas Turbine Market, Update 2017: Global Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021

Gas Turbine Market, Update 2017: Global Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021

  • April 2017
  • 111 pages
  • ID: 4865671
  • Format: PDF
  • GlobalData
Up to $2397 off Until Jun 10th 2020

Summary

Table of Contents

Search Inside

Gas Turbine Market, Update 2017: Global Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021

Summary
A gas turbine is a combustion engine that can convert natural gas or other liquid fuels to mechanical energy. It consists of an air compressor, turbine blades, and a combustion chamber. The pressurized gas is used to turn the blades in the turbine, which consequently produces electricity through the generator. Gas turbines are designed to produce pressurized gas by burning natural gas or other liquid fuels, which is used to turn the turbine blades.

The total global gas turbine market registered USD8.49 Billion in 2016 and is projected to reach USD7.73 Billion in 2021. In terms of the market volume, the market witnessed 35.24 Gigawatts (GW) in 2016 and is projected to reach 35.73 GW in 2021. The majority of the market revenue is estimated to come from China along with other emerging economies in the Middle East, Africa, and Asia. Factors such as power plant capacity additions to meet electricity demand, stringent emission norms, and recent shale gas discoveries across the globe are the major factors having a positive impact on the gas turbine market.

Europe, Middle East, and Africa (EMEA) region led the gas turbine market in 2016 registering USD3.84 Billion followed by Asia-Pacific region with approximately USD2.34 Billion in 2016. However, Asia-Pacific is projected to lead the gas turbine market at the end of the forecast period and reach USD3.05 Billion in 2021. In terms of the market volume, the Asia-Pacific gas turbine market registered 9.78 GW in 2016 and is projected to reach 14.07 GW in 2021.

Global warming and other harmful environmental effects have become a high priority for economies in the recent years. These concerns have led many countries like the US, India, European Union (EU) member states, and China to adopt stringent emissions norms, thereby, encouraging the use of cleaner sources of power generation. In this scenario, natural gas is expected to be a strong competitor for coal. Emerging trends such as increasing focus on gas turbine advancement, in order to raise efficiency, and development of high temperature materials for turbines, have a direct impact on the dynamics of the gas turbine industry.

EMEA is anticipated to be the largest market for gas turbines with aggregate capacity of 74.22 GW between 2017 and 2021. The growth of gas turbines in this region is largely driven by investments in the power generation sector and increasing environmental concerns. In the EMEA region, countries are experiencing increasing electricity demand, and are heavily reliant upon coal, oil, or gas power generation in order to meet their electricity needs.

The Americas witnessed to be the second largest market for gas turbines with aggregate capacity of 63.20 GW between 2017 and 2021. Asia-Pacific is estimated to be the third largest gas turbine market in the forecast period. It is estimated to have a cumulative installed capacity of approximately 62.33 GW between 2017 and 2021. The market was valued at USD2.34 Billion in 2016 and is estimated to reach USD3.05 Billion in 2021.

The report “Gas Turbine Market, Update 2017: Global Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021” offers comprehensive information and understanding of the global gas turbine market. Additionally, this report offers in-depth analysis of gas turbine market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key countries (the US, Canada, China, India, Japan, Australia, Indonesia, Germany, the UK, Saudi Arabia) level.

In depth, this report provides the following -
- Analysis of the growth of gas turbine market with a focus on market value and volume in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
- Analysis about gas turbine market value and volume for the historic (2011-2016) and forecast (2017-2021) period.
- This report provides competitive landscape at country level for the year 2016 and profiles of major players in gas turbine market.
- Helps to identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the gas turbine market.

Companies mentioned in this report: GE Power, Bharat Heavy Electricals Limited, Dongfang Electric Corporation Limited, Siemens AG, Nanjing Turbine & Electric Machinery (group) Co., Ltd., Mitsubishi Hitachi Power Systems, Ltd., Caterpillar Solar Turbines, Ansaldo Energia S.p.A.

Scope
The report analyses Gas Turbine market. Its scope includes -
- Analysis of the growth of gas turbine market with a focus on market value and volume in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
- The report provides gas turbine market analysis for key countries including the US, Canada, China, India, Japan, Australia, Indonesia, Germany, the UK, and Saudi Arabia.
- The report offers country level gas turbine market value and volume for the historical (2011-2016) and forecast (2017-2021) periods.
- It provides competitive landscape at country level for the year 2016 and profiles of major players in gas turbine market.
- Annual additions, market value, key market drivers and restraints, and analysis of their impact in gas turbine market are also discussed.

Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Facilitate decision-making by analyzing historical and forecast data on gas turbine market
- Develop strategies based on developments in the gas turbine market
- Identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the gas turbine market
- Respond to your competitors’ business structure, strategies and prospects

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

($3995)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2017

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on