Report Feature
The global gas turbine market for power generation is expected to reach an estimated $13.2 billion by 2021 at a CAGR of 3.3% during the forecast period (from 2016 to 2021). The major drivers for the growth of gas turbine market are increasing focus on relatively cleaner energy sources and growing investment in gas-fired power gene
ration due to its lower cost of generating electricity.Emerging trends, which have a direct impact on the dynamics of the gas turbine industry, include increasing focus on gas turbine advancement in order to raise efficiency and development of high temper
ature materials for turbines.A total of 69 figures / charts and 18 tables are provided in this 94-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this gas turbine market report, download the report brochure.
Gas turbine market by turbine size [Volume (GW) and Value ($ billion) from 2010 to 2021]:
- 1 - 60 MW
- 61 -180 MW
- More than 180 MW
Gas turbine market by region [Volume (GW) and Value ($ billion) from 2010 to 2021]:
- North America
- Europe
- APAC
- ROW
On the basis of comprehensive research, Lucintel forecasts that the gas turbine with size of ‘more than 180 MW’ is expected to show above average growth during the forecast period. In this market, 1-60 MW, 61-180 MW, and more than 180 MW are the turbine sizes used for power generation. Within the gas turbine market, the ’61 MW to 180 MW’ turbine size is expected to remain the largest segment by both value and volume. High efficiency and low cost per MW are the major factors, which would spur growth for this segment over the forecast period.
ROW is expected to remain the largest market and is expected to witness the highest growth over the forecast period due to large scale demand for natural gas based power generation in the region.
Some of the features of this report:
- Market size estimates: Growth opportunities in the global gas turbine market size estimation in terms of value ($B) and volume (GW) shipment.
- Trend and forecast analysis: Global gas turbine market trend (2010-2015) and forecast (2016-2021) by region and segment.
- Segmentation analysis: Global gas turbine market size by turbine size such as 1-60 MW, 61-180 M, and more than 180 MW
- Regional analysis: Global gas turbine market breakdown by key regions such as North America, Europe, APAC, and ROW.
- Growth opportunities: Analysis on growth opportunities in different turbine size and regions
- Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies in the global gas turbine market for power generation.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Table of Contents
List of Figures
Figure 2.1: Gas Turbine Power Plant
Figure 2.2: Heavy Duty Gas Turbine
Figure 2.3: Components of Gas Turbine
Figure 2.4: Compressor of Gas Turbine
Figure 2.5: Combustor of Gas Turbine
Figure 2.6: Turbine of Gas Turbine
Figure 2.7: Shaft of Gas Turbine
Figure 2.8: Types of Gas Turbine for Power Generation
Figure 2.9: An Open Cycle Unit Diagram
Figure 2.10: A Proposed Natural Gas Combined Cycle Power Plant in New York
Figure 2.11: A Combined Cycle Unit Diagram
Figure 2.12: Systematic Process of Electricity Generation and Distribution
Figure 2.13: Operation of Combined Cycle Gas Turbine of Eon
Figure 2.14: A Combined Gas-Fired Unit Working
Figure 2.15: Natural Gas-Fired Power Plant (Currant Creek) Near Mona, Utah
Figure 2.16: Supply Chain of the Gas Turbine Market for Power Generation
Figure 3.1: Global Gas Turbine Market ($B) Distribution by Region in 2015
Figure 3.2: Global Gas Turbine Market ($B) by Region in 2015
Figure 3.3: Global Gas Turbine Market (GW) Distribution by Region in 2015
Figure 3.4: Global Gas Turbine Market (GW) by Region in 2015
Figure 3.5: Regional Gas Turbine Market ($B) by Turbine Size in 2015
Figure 3.6: Global Gas Turbine Market Distribution ($B) by Turbine Size in 2015
Figure 3.7: Global Gas Turbine Market ($B) by Turbine Size in 2015
Figure 3.8: Global Gas Turbine Market (GW) Distribution by Turbine Size in 2015
Figure 3.9: Global Gas Turbine Market (GW) by Turbine Size in 2015
Figure 3.10: Trends of the Global GDP Growth Rate
Figure 3.13: Trends of the Global Gas Turbine Market from 2010 to 2015
Figure 3.14: Trends of the Global Gas Turbine Market ($B) by Region from 2010 to 2015
Figure 3.15: Year-over-Year Growth Rate of the Global Gas Turbine Market ($B) by Region from 2014 to 2015
Figure 3.16: CAGR of the Global Gas Turbine Market ($B) by Region from 2010 to 2015
Figure 3.17: Trends of the Global Gas Turbine Market (GW) by Region from 2010 to 2015
Figure 3.18: Year-over-Year Growth Rate of the Global Gas Turbine Market (GW) by Region from 2014 to 2015
Figure 3.19: CAGR of the Global Gas Turbine Market (GW) by Region from 2010 to 2015
Figure 3.20: Trends of the Global Gas Turbine Market ($B) by Turbine Size from 2010 to 2015
Figure 3.21: Year-over-Year Growth Rate of the Global Gas Turbine Market ($B) by Turbine Size from 2014 to 2015
Figure 3.22: CAGR of the Global Gas Turbine Market ($B) by Turbine Size from 2010 to 2015
Figure 3.23: Trends of the Global Gas Turbine Market (GW) by Turbine Size from 2010 to 2015
Figure 3.24: Year-over-Year Growth Rate of the Global Gas Turbine Market (GW) by Turbine Size from 2014 to 2015
Figure 3.25: CAGR of the Global Gas Turbine Market (GW) by Turbine Size from 2010 to 2015
Figure 3.26: Drivers and Challenges for the Global Gas Turbine Market
Figure 3.27: Forecast of Global GDP Growth Rate
Figure 3.28: Forecast of Regional GDP Growth Rate
Figure 3.29: Trends of Natural Gas Prices ($/mmbtu) from 2016 to 2021
Figure 3.30: Forecast for the Global Gas Turbine Market Forecast from 2016 to 2021
Figure 3.31: Forecast for the Global Gas Turbine Market ($B) by Region from 2016 to 2021
Figure 3.32: Year-over-Year Growth Rate of the Global Gas turbine Market ($B) by Region from 2015 to 2016
Figure 3.33: CAGR of the Gas Turbine Market ($B) by Region from 2016 to 2021
Figure 3.34: Forecast for the Global Gas Turbine Market (GW) by Region from 2016 to 2021
Figure 3.35: Year-over-Year Growth Rate of the Global Gas Turbine Market (GW) by Region from 2015 to 2016
Figure 3.36: CAGR of the Gas Turbine Market (GW) by Region from 2016 to 2021
Figure 3.37: Forecast for the Global Gas Turbine Market ($B) by Turbine Size from 2016 to 2021
Figure 3.38: Year-over-Year Growth Rate of the Global Gas Turbine Market ($B) by Turbine Size from 2015 to 2016
Figure 3.39: CAGR of the Global Gas Turbine Market ($B) by Turbine Size from 2016 to 2021
Figure 3.40: Forecast for the Global Gas Turbine Market (GW) by Turbine Size from 2016 to 2021
Figure 3.41: Year-over-Year Growth Rate of the Global Gas Turbine Market (GW) by Turbine Size from 2015 to 2016
Figure 3.42: CAGR of the Global Gas Turbine Market (GW) by Turbine Size from 2016 to 2021
Figure 5.1: Growth Opportunities in the Gas Turbine Market by Region
Figure 5.2: Growth Opportunities in the Gas Turbine Market by Turbine Size
Figure 5.3: Emerging Trends in the Global Gas Turbine Market
Figure 5.4: Strategic Initiatives by Major Competitors in 2015
Figure 5.5: Strategic Initiatives by Major Competitors in 2014
Figure 5.6: Year-on-Year Study of Strategic Initiatives by Major Competitors in the Global Gas Turbine Market
Figure 5.7: Capacity Expansion of Major Gas Turbine Manufacturers for Power Generation
List of Tables
Table 3.1: Trends of the Global Gas Turbine Market for Power Generation from 2010 to 2015
Table 3.2: Average Growth Rates for One, Three, and Five years in the Global Gas Turbine Market in Terms of Shipment Value
Table 3.3: Market Size and 2014 to 2015 Growth Rates of the Global Gas Turbine Market by Region in Terms of Value and Volume
Table 3.4: Market Size and Compound Annual Growth Rates from 2010-2015 of the Global Gas Turbine Market by Region in Terms of Value and Volume
Table 3.5: Market Size and 2014 to 2015 Growth Rates of the Global Gas Turbine Market by Turbine Size in Terms of Value and Volume
Table 3.6: Market Size and Compound Annual Growth Rates during Last Five Years (2010-2015) of the Global Gas Turbine Market by Turbine Size in Terms of Value and Volume
Table 3.7: Forecast for the Global Gas Turbine Market for Power Generation from 2016 to 2021
Table 3.8: Average Growth Rates for One, Three, and Five years in the Global Gas Turbine Market in Terms of Value Shipment
Table 3.9: Market Size and 2015-2016 Growth Rates in Regional Markets of the Global Gas Turbine Market in Terms of Value and Volume Production
Table 3.10: Market Size and Annual Growth Rates during Forecast Period from 2016 to 2021, in Various Segments of the Global Gas Turbine Market in Terms of Value and Volume
Table 3.11: Market Size and 2015-2016 Growth Rates in Turbine Size of the Global Gas Turbine Market in Terms of Value and Volume Production
Table 3.12: Market Size and Annual Growth Rates during Forecast Period from 2016 to 2021, in Various Segments of the Global Gas Turbine Market in Terms of Value and Volume
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for gas turbine market for power generation by turbine size (1 MW to 60 MW, 61 MW to 180 MW, and more than 180 MW) and region (North America, Europe, APAC, and ROW )?
- • Which segment will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in gas turbine market?
- • What are the business risks and competitive threats in gas turbine market?
- • What are emerging trends in this gas turbine market and reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market and gas turbine companies are leading these developments?
- • Who are the major gas turbine manufacturers? What strategic initiatives are being taken by key players for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
- • What M & A activity by the major gas turbine suppliers in the last 5 years? And what is its impact on the industry?
