Product Code: VMR112114688
The global demand for Heavy Duty Gas Turbine Market is presumed to reach the market size of nearly USD 29.56 Billion by 2032 from USD 17.32 Billion in 2023 with a CAGR of 6.12% under the study period 2024-2032.
Heavy duty gas turbines are large-scale engines used primarily in power generation and industrial applications. They operate by burning fuels like natural gas or oil to produce high-temperature, high-pressure gas that spins a turbine, generating electricity. Known for their reliability and efficiency, these turbines provide stable and large amounts of power, often serving as the backbone for electrical grids and industrial operations.
MARKET DYNAMICS
The global demand for reliable & efficient power generation solutions drives the heavy-duty gas turbine market, particularly as countries seek to broaden their energy mix and reduce dependence on coal. Technological advancements have significantly improved these turbines' efficiency and emissions profiles, making them more attractive as governments implement stricter environmental regulations. The flexibility of heavy duty gas turbines to function on various fuels, including natural gas & hydrogen, adds to their appeal.
The increasing investments in infrastructure and urbanization in emerging economies are boosting the demand for heavy duty gas turbines as these regions require substantial power capacity to support their growth. Additionally, the integration of these gas turbines in combined cycle power plants enhances their efficiency and output, making them a preferred choice for utility companies. The spurring focus on energy security and the need for a stable power supply in industrial applications further drive the market. However, the emergence of renewable energy sources and advancements in energy storage technologies may challenge the market growth in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Heavy Duty Gas Turbine. The growth and trends of Heavy Duty Gas Turbine industry provide a holistic approach to this study.
MARKET SEGMENTATION
This section of the Heavy Duty Gas Turbine market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Capacity
- <= 50 kW
- > 50 kW to 500 kW
- > 500 kW to 1 MW
- > 1 MW to 30 MW
- > 30 MW to 70 MW
- > 70 MW to 200 MW
- > 200 MW
By Technology
- Open Cycle
- Combined Cycle
By Application
- Power Plants
- Oil & Gas
- Process Plants
- Aviation
- Marine
- Others
REGIONAL ANALYSIS
This section covers the regional outlook, which accentuates current and future demand for the Heavy Duty Gas Turbine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Heavy Duty Gas Turbine market include Ansaldo Energia, Baker Hughes Company, Bharat Heavy Electricals Limited (BHEL), Capstone Green Energy Corporation, Doosan, Flex Energy Solutions, General Electric, Harbin Electric Corporation Co. Ltd., Kawasaki Heavy Industries Ltd., Man Energy Solutions, Mitsubishi Heavy Industries Ltd., Nanjing Turbine & Electric Machinery (Group) Co. Ltd., Opra Turbines, Rolls Royce PLC, Siemens, Solar Turbines Incorporated, UEC-Saturn. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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TABLE OF CONTENTS
1. PREFACE
- 1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology
2. EXECUTIVE SUMMARY
- 2.1. Highlights of Market
- 2.2. Global Market Snapshot
3. HEAVY DUTY GAS TURBINE - INDUSTRY ANALYSIS
- 3.1. Introduction - Market Dynamics
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Opportunities
- 3.5. Industry Trends
- 3.6. Porter's Five Force Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Capacity
- 3.7.2 Market Attractiveness Analysis By Technology
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
- 4.1. Value Chain Analysis
- 4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend
5. GLOBAL HEAVY DUTY GAS TURBINE MARKET ANALYSIS BY CAPACITY
- 5.1. Overview By Capacity
- 5.2. Historical and Forecast Data
- 5.3. Analysis By Capacity
- 5.4. <= 50 kW Historic and Forecast Sales By Regions
- 5.5. > 50 kW to 500 kW Historic and Forecast Sales By Regions
- 5.6. > 500 kW to 1 MW Historic and Forecast Sales By Regions
- 5.7. > 1 MW to 30 MW Historic and Forecast Sales By Regions
- 5.8. > 30 MW to 70 MW Historic and Forecast Sales By Regions
- 5.9. > 70 MW to 200 MW Historic and Forecast Sales By Regions
- 5.10. > 200 MW Historic and Forecast Sales By Regions
6. GLOBAL HEAVY DUTY GAS TURBINE MARKET ANALYSIS BY TECHNOLOGY
- 6.1. Overview By Technology
- 6.2. Historical and Forecast Data
- 6.3. Analysis By Technology
- 6.4. Open Cycle Historic and Forecast Sales By Regions
- 6.5. Combined Cycle Historic and Forecast Sales By Regions
7. GLOBAL HEAVY DUTY GAS TURBINE MARKET ANALYSIS BY APPLICATION
- 7.1. Overview By Application
- 7.2. Historical and Forecast Data
- 7.3. Analysis By Application
- 7.4. Power Plants Historic and Forecast Sales By Regions
- 7.5. Oil & Gas Historic and Forecast Sales By Regions
- 7.6. Process Plants Historic and Forecast Sales By Regions
- 7.7. Aviation Historic and Forecast Sales By Regions
- 7.8. Marine Historic and Forecast Sales By Regions
- 7.9. Others Historic and Forecast Sales By Regions
8. GLOBAL HEAVY DUTY GAS TURBINE MARKET ANALYSIS BY GEOGRAPHY
- 8.1. Regional Outlook
- 8.2. Introduction
- 8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
- 8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
- 8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
- 8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
- 8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis
9. COMPETITIVE LANDSCAPE OF THE HEAVY DUTY GAS TURBINE COMPANIES
- 9.1. Heavy Duty Gas Turbine Market Competition
- 9.2. Partnership/Collaboration/Agreement
- 9.3. Merger And Acquisitions
- 9.4. New Product Launch
- 9.5. Other Developments
10. COMPANY PROFILES OF HEAVY DUTY GAS TURBINE INDUSTRY
- 10.1. Top Companies Market Share Analysis
- 10.2. Market Concentration Rate
- 10.3. Ansaldo Energia
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
- 10.4. Baker Hughes Company
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
- 10.5. Bharat Heavy Electricals Limited (BHEL)
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
- 10.6. Capstone Green Energy Corporation
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
- 10.7. Doosan
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
- 10.8. Flex Energy Solutions
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
- 10.9. General Electric
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
- 10.10. Harbin Electric Corporation Co. Ltd.
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
- 10.11. Kawasaki Heavy Industries Ltd.
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
- 10.12. Man Energy Solutions
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments
- 10.13. Mitsubishi Heavy Industries Ltd.
- 10.13.1 Company Overview
- 10.13.2 Company Revenue
- 10.13.3 Products
- 10.13.4 Recent Developments
- 10.14. Nanjing Turbine & Electric Machinery (Group) Co. Ltd.
- 10.14.1 Company Overview
- 10.14.2 Company Revenue
- 10.14.3 Products
- 10.14.4 Recent Developments
- 10.15. Opra Turbines
- 10.15.1 Company Overview
- 10.15.2 Company Revenue
- 10.15.3 Products
- 10.15.4 Recent Developments
- 10.16. Rolls Royce PLC
- 10.16.1 Company Overview
- 10.16.2 Company Revenue
- 10.16.3 Products
- 10.16.4 Recent Developments
- 10.17. Siemens
- 10.17.1 Company Overview
- 10.17.2 Company Revenue
- 10.17.3 Products
- 10.17.4 Recent Developments
- 10.18. Solar Turbines Incorporated
- 10.18.1 Company Overview
- 10.18.2 Company Revenue
- 10.18.3 Products
- 10.18.4 Recent Developments
- 10.19. UEC-Saturn
- 10.19.1 Company Overview
- 10.19.2 Company Revenue
- 10.19.3 Products
- 10.19.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies