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Aeroderivative Gas Turbine Market Report
Aeroderivative Gas Turbine Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2025
The Aeroderivative Gas Turbine Market is Segmented by Capacity Type (<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), by Technology Type (Open Cycle, Combined Cycle), by Application Type (Power Plants, Oil & Gas, Process Plants, Aviation, Marine, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
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.
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Aeroderivative Gas Turbine Market - Snapshot |
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Growth |
8.8% for the next five years |
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Major Capacity Type |
>70 MW |
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Dominant Application Type |
Aviation |
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Region with the highest demand |
Europe |
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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. |
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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.
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.
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.
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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.
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Aeroderivative Gas Turbine Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The aeroderivative gas turbine market is segmented into the following categories.
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Some of the major players in the aeroderivative gas turbine market are-
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.
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The aeroderivative gas turbine market is expected to witness an impressive growth of 8.8% CAGR in the foreseeable future.
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 are among the key players in the aeroderivative gas turbine market.
Europe is estimated to be the largest market for aeroderivative gas turbines during the forecast period.
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.
The aviation segment is expected to witness a healthy growth in the aeroderivative gas turbine market in the coming years.
The >70 MW segment is expected to remain dominant in the aeroderivative gas turbine market over the next five years.
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