Gas Turbine Market Global Scenario, Market Size, Outlook, Trend and Forecast 2018-2026


The Global Gas Turbine Market is expected to grow at a CAGR of 4.3% from 2019 to 2026. Asia-pacific is expected to contribute to the robust growth of the market during the forecast period due to advanced technological innovation in the gas market and rapid urbanization in the developing countries. North America has an existing service provider in the global gas turbine market. Large demand due to full-fledged industrialization augments the market in the European region. Due to the occurrence of Natural gas in the South & Central American countries is also expected to boost the market in the coming years.

The key market drivers in the global gas turbine market are rising demand for the energy & substantial natural resources which is easily available in the Middle East, Africa and The Central American Countries drives the competition in the market. The consumption across the region for various purposes is mainly expected to boost the market in the coming years. The demand from aviation, marine & manufacturing industries, as well as domestic consumption, are the major industries for this market. However, the high cost of producing natural gas & related equipments set up may hamper the market. However, the easy availability of raw material & associated labor drives the positive outlook in the global gas turbine market.

Global Gas Turbine Market Size Forecast Trend

The Global Gas Market is segmented into application, service, technology, type of gas turbine, rated capacity of the turbine& geography. By application, the market is segmented Oil, Marine, Gas, Aviation, Power Centers, Power Generation, and others. The Service type of segment is classified into original manufactures providing the gas turbines services and Non –manufactures who provides the gas turbine services. The type of gas turbine is divided into aero derivatives and heavy-duty gas turbines. By rated capacity turbine, the market is classified into 1 to 40 MW, 40 to 120 MW, 120 to 300 MW, and Above 300 MW.

By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, Africa and the Rest of the World (RoW). North America includes the US, Canada & Mexico; while Europe includes Germany, France, UK, Italy and the rest of Europe. China, Japan, India, South Korea are covered under the Asia-Pacific. Rest of the world covers the South & Central America, Africa, and the Middle East.

The Scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as across sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply-side to come to an accurate scenario. Product across application and application across geographies has been mapped to provide you a precise competitive scenario to have a leading edge in the market.

Key market players operating in this market are, BHEL, Siemens AG, GENERAL ELECTRIC, Hitachi Ltd, Ansaldo Energia, Kawasaki Heavy Industries, Caterpillar, Ansaldo Energia, MJB International, Sulzer, Capstone Turbine and others.

Highlights of the report

  • The detailed analysis of the Global Gas Turbine Market with respect to key segments such as product segment, application segment & geographical segment has been included in the report.
  • The report comprises the qualitative and quantitative analysis of the market with market estimation over 2018 – 2026 and CAGR of 2019 to 2026.
  • Comprehensive analysis of market dynamics including growth factors, restraining factors, and opportunities have been provided in this report.
  • An exhaustive region and country-wise analysis of Global Turbine Market Gas has been covered in the report.
  • Profiles of the major key players operating in the Global Gas Turbine Market have been provided, with a detailed study on their key financials, products, services, new developments & business strategies.

Scope of the Global Gas Turbine Market

•    By Application
o    oil
o    Marine
o    Gas
o     Aviation
o     Power Generation
o    Process Plants
o     Other Industries.

•    By Service
o    original equipment manufacturer
o    non-original equipment manufacturer

•    By Technology
o    Combined Cycle
o    Open Cycle

•    By type of Gas Turbine
o    Aero derivatives gas turbine
o    Heavy duty gas turbine

•    By Rated Capacity Turbine
o    1 to 40 MW,
o    40 to 120 MW,
o    120 to 300 MW,
o    Above 300 MW.

•    By Geography
•    North America
o    US
o    Canada
o    Mexico

•    Europe
o    Germany
o    France
o    UK
o    Italy
o    Rest of the Europe

•    Asia-Pacific
o    India
o    China
o    Australia
o    Japan
o    Rest of Asia-Pacific

•    South America
o    Brazil
o    Argentina
o    Chile
o    Rest of South America

•    Africa
o    South Africa
o    Egypt
o    Ghana
o    Mozambique
o    Algeria
o    Rwanda
o    Rest of Africa

•    Middle east
o    Saudi Arabia
o    Qatar
o    UAE

•    Rest of the world

•    Central America


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