Gas turbine also known as combustion turbine, a type of internal combustion engine used for power generation and direct mechanical drive using various forms of natural gas or liquid fuel. The important components of a gas turbine are an upstream rotating gas compressor, combustor, and a downstream turbine on the shaft as the compressor. . The market for industrial gas turbine is deemed to grow because of the increasing demand for energy from various industries in the market.
MARKET DYNAMICS
The growing market of the industrial gas turbine is driven by the flexibility to use different fuels to drive the turbines, to curb with greenhouse gas emission, improved power to weight ratio, compact size, and high-power efficiency. However, the high investment cost is a factor hampering the growth of the market. The recent trend of increasing fund flow toward the replacement of the conventional power generation system with upgraded and efficient ones will further be going to increase the market of industrial gas turbine..
MARKET SCOPE
The "Global Industrial Gas Turbine Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of industrial gas turbine market with detailed market segmentation by product, capacity, technology application and geography. The global industrial gas turbine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial gas turbine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global industrial gas turbine market is segmented on the basis of product, capacity, technology and application. Based on product, the market is segmented as heavy duty and aeroderivative. On the basis of capacity the market is sub-segmented into <70 MW, 70-300 MW and >300 MW. On the basis of technology the market is sub-segmented into open cycle and combined cycle. Similarly, based on application the market is segmented into power generation, oil and gas, aviation and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial gas turbine market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The industrial gas turbine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial gas turbine market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the industrial gas turbine market in these regions.
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MARKET PLAYERSThe reports cover key developments in the industrial gas turbine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from industrial gas turbine market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial gas turbine in the global market. Below mentioned is the list of few companies engaged in the industrial gas turbine market.
The report also includes the profiles of key industrial gas turbine companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
-Ansaldo Energia S.P.A.
-Bharat Heavy Electricals Limited
-General Electric
-Harbin Electric International Company Limited
-Kawasaki Heavy Industries Ltd.
-Man Energy Solutions
-Mitsubishi Hitachi Power Systems Ltd.
-Opra Turbines B.V.
-Siemens AG
-Vericor Power Systems LLC.
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