Global Gas Turbine Market report from Global Insight Services is the single authoritative source of intelligence on Gas Turbine Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber in-between. Gas turbines are used to power aircraft, trains, ships, electrical generators, pumps, and gas compressors.
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Key Trends
There are three key trends in gas turbine technology: higher temperatures, higher pressures, and higher speeds. Higher temperatures and pressures allow for more efficient combustion and higher power output. Higher temperatures and pressures allow for more complete combustion of the fuel, which results in more power being generated. Higher speeds allow for smaller, lighter turbines that can operate at higher speeds and produce more power.
Key Drivers
The key drivers of the gas turbine market include the increased demand for power, the need for cleaner energy sources, and the advancement of technology. The demand for power has been increasing globally as the worlds population and economy continue to grow. This has led to an increase in the demand for electricity, which has in turn led to an increase in the demand for gas turbines.
Market Segmentation
Based on Application
- Power Generation
- Oil & gas
Based on Technology
- Open Cycle
- Combined Cycle
Based on Rated Capacity
- 1–40 MW
- 40–120 MW
- 120–300 MW
By Region
- North America
- The U.S.
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Key Players
- Ansaldo Energia
- Bayerische Motoren Werke AG
- Bharat Heavy Electricals Limited
- Capstone Green Energy
- Caterpillar Inc.
- General Electric Company
- Harbin Electric Company Limited
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