The aeroderivative gas turbines market is projected to grow at a CAGR of roughly 6.6% and reach US$3.20 billion in 2022. By 2032, it is expected that the global market would be worth USD 6.06 billion.
The dynamics of the industry will be positively impacted by the continued development and advancement of manufacturing techniques as well as the growing emphasis on the creation of renewable energy sources. increased investments in regenerative gas turbine facilities, along with encouraging regulatory body policies like subsidies, tax breaks, and incentives, to boost product demand. The use of contemporary technology in gas-fired turbines and increasing aviation sector investments will make the product more widely adopted.
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Market Players: –
- General Electric
- Ansaldo Energia
- Nanjing Turbine & Electric Machinery
- Baker Hughes Company
- Harbin Electric Corporation
- Capstone Green Energy Corporation
- UEC-Saturn, OPRA Turbines
- MAN Energy Solutions
- VERICOR
- Bharat Heavy Electricals Limited (BHEL)
- Kawasaki Heavy Industries, Ltd.
- Wärtsilä
- Mitsubishi Heavy Industries
- Siemens
Recent Development :
March 2019: Siemens to supply power equipment for the gas power plant at the Bayat Power Plant in Afghanistan in March 2019. An aero-derivative gas turbine is used in the plant’s mobile solution to generate up to 41 MW of electricity.
June 2019: In Luanda, Angola, Baker Hughes opened its multimodal oil and gas facility in June 2019. This new facility supports the capabilities of BHGE’s product companies in digital services, turbomachinery and process solutions, oilfield service, and oilfield equipment. Additionally, a wide variety of equipment like drilling, wellbore, wireline, and aero-derivative turbomachinery is to be delivered for the development of infrastructure.
November 2018: In November 2018, General Electric and Baker Hughes signed a contract to increase sales of vital rotating equipment like aero-derivative and heavy-duty gas turbine technology as well as access to General Electric Digital’s software and technology, both of which are extensively used in the oil & gas industrial spaces.
June 2021: A Memorandum of Understanding (MoU) for the cooperative development of gas turbine business arrangements was signed by General Electric and IHI Corporation, a heavy industry manufacturer in Japan, in June 2021.
The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Key Segments
- By Capacity :
- ≤ 50 kW
- 50 to 500 kW
- 500 kW to 1 MW
- 1 to 30 MW
- 30 to 70 MW
- 70 MW
- By Technology :
- Open Cycle
- Combined Cycle
- By Application :
- Power Plants
- Oil & Gas
- Process Plants
- Aviation
- Marine
- Others
- By Region
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Aeroderivative Gas Turbine Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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