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    Aeroderivative Gas Turbine Market | Covid-19 Impact Analysis

    Aeroderivative Gas Turbine Market | Covid-19 Impact Analysis

    Aeroderivative Gas Turbine Market | Covid-19 Impact Analysis
    Report code - SRCE179 Delivery - 2 Weeks
    Aeroderivative Gas Turbine Market Size, Share, Trend, Forecast, & Industry Analysis &n See more...
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    Impact of COVID-19 on Aeroderivative Gas Turbine Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aeroderivative Gas Turbine Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aeroderivative Gas Turbine Market Insights

    Aeroderivative Gas Turbine market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the aeroderivative gas turbine market are increasing investment towards power & heat generation facilities and government supports in terms of rebates, incentives, and subsidies.

    Aeroderivative Gas Turbine Market - Snapshot

    Growth

    8.8% for the next five years

    Major Capacity Type

    >70 MW

    Dominant Application Type

    Aviation

    Region with the highest demand

    Europe

    Key Players

    General Electric, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd., Wärtsilä, Kawasaki Heavy Industries Ltd., Opra Turbines B.V., Solar Turbines Incorporated, Harbin Turbine Company Limited, Bharat Heavy Electricals Limited, Vericor Power Systems, MAN Energy Solutions, Capstone Turbine Corporation, Cryostar, UEC Saturn, Zorya-Mashproekt

     

    Market Share Analysis

    Aeroderivative-Gas-Turbine-Market-Dominant-Segments

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    Aeroderivative Gas Turbine Market Share: By Capacity Type

    Based on the capacity type, the market is segmented as < 50 KW, 50 kW to 500 KW, 500 KW to 1 MW, 1 MW to 30 MW, 30 MW to 70 MW, > 70 MW. The >70 MW segment dominated the market in 2019, and is expected to maintain its position during the forecast period. Growing demand for energy from wide array of sectors is likely to drive the growth of the market.

    Aeroderivative Gas Turbine Market Share: By Application Type

    Based on the application type, the market is segmented as power plants, oil & gas, process plants, aviation, marine, and others. The aviation segment held the largest share of the market and is also expected to witness a healthy growth during the forecast period. Huge aircraft fleet size along with continuous increase in demand for new aircraft to meet rising passenger traffic is the major factor behind the dominance of the aviation segment.

    Aeroderivative Gas Turbine Market Share: By Region

    In terms of regions, Europe is estimated to be the largest market for aeroderivative gas turbines during the forecast period. Huge aircraft fleet size, significant demand from power plants and processing plants, expanding oil & gas and marine industries are the major factors behind the dominance of the region. North America and Asia-Pacific are also expected to witness a healthy demand for aeroderivative gas turbine during the forecast period.

    Aeroderivative-Gas-Turbine-Market-By-Region

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    Some of the major players in the aeroderivative gas turbine market are General Electric, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd., Wärtsilä, Kawasaki Heavy Industries Ltd., Opra Turbines B.V., Solar Turbines Incorporated, Harbin Turbine Company Limited, Bharat Heavy Electricals Limited, Vericor Power Systems, MAN Energy Solutions, Capstone Turbine Corporation, Cryostar, UEC Saturn, and Zorya-Mashproekt.

     

    Market Scope & Segmentation

    Aeroderivative gas turbines are lightweight configurations of gas turbines designed in such a way that fuel and air are mixed and ignited in one system to achieve desired output such as heat, electrical and mechanical energy. In this report, the market is segmented on the basis of capacity type into (<50 kW, 50 kW to 500 kW, >500 kW to 1 MW, >1 MW to 30 MW, >30 MW to 70 MW, and >70 MW. On the basis of technology type into open cycle and combine cycle. And based on the application type into Power Plants, Oil & Gas, Process Plants, Aviation, Marine, and Others.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Aeroderivative Gas Turbine Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The aeroderivative gas turbine market is segmented into the following categories. 

    Aeroderivative Gas Turbine Market Size, Share, & Forecast, by Capacity Type:

    • <50 kW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 50 kW to 500 kW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >500 kW to 1 MW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >1 MW to 30 MW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >30 MW to 70 MW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >70 MW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aeroderivative Gas Turbine Market Size, Share, & Forecast, by Technology Type:

    • Open Cycle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Combine Cycle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aeroderivative Gas Turbine Market Size, Share, & Forecast, by Application Type:

    • Power Plants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Process Plants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aeroderivative Gas Turbine Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Aeroderivative-Gas-Turbine-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the capacity types by technology type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Aeroderivative Gas Turbine Market in the foreseeable future?

    The aeroderivative gas turbine market is expected to witness an impressive growth of 8.8% CAGR in the foreseeable future.

    Who are the key players in the Aeroderivative Gas Turbine Market?

    General Electric, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd., Wrtsil, Kawasaki Heavy Industries Ltd., Opra Turbines B.V., Solar Turbines Incorporated, Harbin Turbine Company Limited, Bharat Heavy Electricals Limited, Vericor Power Systems, MAN Energy Solutions, Capstone Turbine Corporation, Cryostar, UEC Saturn, and Zorya-Mashproekt are among the key players in the aeroderivative gas turbine market.

    Which region is expected to be the largest Aeroderivative Gas Turbine Market?

    Europe is estimated to be the largest market for aeroderivative gas turbines during the forecast period.

    What are the factors driving the growth of Aeroderivative Gas Turbine Market?

    Some of the major factors that are driving the aeroderivative gas turbine market are increasing investment towards power & heat generation facilities and government supports in terms of rebates, incentives, and subsidies.

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