About the Gas Turbine Market
Gas turbines are used mainly in gas-fired power plants; these plants have an internal combustion engine wherein the fuel is mixed with air, leading to ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which results in rotation of the turbine.
Technavio’s analysts forecast the global gas turbine market to grow at a CAGR of 3.49% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global gas turbine market for 2016-2020. The capacity additions of new gas turbines as well as aftermarket gas turbines in various end-user segments and the average price of various types of gas turbines have been considered in determining the market size.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Gas Turbine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Ansaldo Energia
• GE
• Kawasaki Heavy Industries
• Mitsubishi Hitachi Power Systems
• Siemens
• Solar Turbines
Other prominent vendors
• MAN Diesel and Turbo
• Motor Sich
• Niigata Power Systems
• OPRA Turbines
• Power Machines
Market driver
• Increasing efficiency and durability of gas turbines
• For a full, detailed list, view our report
Market challenge
• Risk of volatility in natural gas prices
• For a full, detailed list, view our report
Market trend
• Stringent government regulations worldwide
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Market size and forecast by revenue and capacity installed
• Five forces analysis
PART 06: Market drivers
• Increasing efficiency and durability of gas turbines
• Rise in distributed power generation
• Growing demand for gas turbines from mobility segment
• Regulations on carbon emissions
• Consolidation of market vendors
• Lower initial cost than other low-carbon emission substitutes
• Increase in CCGT power plants
PART 07: Impact of drivers
PART 08: Market challenges
• Risk of volatility in natural gas prices
• Change in energy mix
• Irregularities in natural gas reserves and supplies
• Inherent challenges of handling natural gas
PART 09: Impact of drivers and challenges
PART 10: Market trends
• Development of GTCC and IGCC technologies
• Low oil prices
• Rapid decline in demand for F-class gas turbines
• Stringent government regulations worldwide
• Growing use of alternative fuels - especially in aeroderivative gas turbines
PART 11: Market segmentation by technology
• Global gas turbine market by technology
• Combined cycle gas turbines
• Open cycle gas turbines
PART 12: Market segmentation by design type
• Global gas turbine market by design type
• Heavy-duty (frame) gas turbines
• Aeroderivative gas turbines
PART 13: Market segmentation by end-user
• Global gas turbine market by end-user
• Global gas turbine market in power generation sector
• Global gas turbine market in mobility sector
• Global gas turbine market in oil and gas sector
PART 14: Geographical segmentation
• Global gas turbine market by geography
• APAC
• Americas
• EMEA
PART 15: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 16: Key vendor analysis
• Ansaldo Energia
• GE
• Kawasaki Heavy Industries
• Mitsubishi Hitachi Power Systems
• Siemens
• Solar Turbines
PART 17: Appendix
• List of abbreviations
PART 18: Explore Technavio
List of Exhibits
Exhibit 01: Working principle of CCGT
Exhibit 02: Working principle of open cycle gas turbine
Exhibit 03: Characteristics of standard heavy-duty (frame) and aeroderivative gas turbines
Exhibit 04: Key countries in each region
Exhibit 05: Product offerings
Exhibit 06: Schematic diagram of gas turbine-based power plant
Exhibit 07: Available sources of power generation
Exhibit 08: Global gas turbine market
Exhibit 09: Global gas turbine market by revenue ($ billions) and capacity addition (GW) 2015-2020
Exhibit 10: Five forces analysis
Exhibit 11: Global distributed power growth by installed capacity, investment, and share of capacity addition 2000-2020
Exhibit 12: Technical and commercial maturity of different power generation technologies
Exhibit 13: Global marine fleet 2005-2014
Exhibit 14: Global economy GDP 2014-2020 ($ billions)
Exhibit 15: Marine trade volume demand 2015-2020 (millions of tons)
Exhibit 16: GHG emissions from different sectors
Exhibit 17: CO? emission limits on new coal power plants across US, UK, and China
Exhibit 18: Power installation cost per kW of different power generation sources
Exhibit 19: Comparison between coal-fired and gas-fired plants
Exhibit 20: Share of CCGT in thermal power 2000-2014
Exhibit 21: Global electricity generation by fuel share 2003
Exhibit 22: Global electricity generation by fuel share 2013
Exhibit 23: US net energy generation 2010
Exhibit 24: US net energy generation 2015
Exhibit 25: Impact of drivers
Exhibit 26: Renewable investments 2010-2014 ($ billions)
Exhibit 27: Share of fossil fuels in global energy mix 2014 and 2035
Exhibit 28: Impact of drivers and challenges
Exhibit 29: Global gas turbine market by technology 2015 and2020
Exhibit 30: Gas turbine technology type in terms of revenue generation
Exhibit 31: Global combined cycle gas turbine market 2015-2020 ($ billions)
Exhibit 32: LCOE of CCGT in comparison to its substitutes
Exhibit 33: Global open cycle gas turbine market 2015-2020 ($ billions)
Exhibit 34: Comparison of efficiency among prominent gas turbine models in open cycle and combined cycle configurations
Exhibit 35: Global gas turbine market by design type 2015 and 2020
Exhibit 36: Gas turbine design types in terms of revenue generation 2015-2020
Exhibit 37: Global heavy-duty (frame) gas turbine market 2015-2020 ($ billions)
Exhibit 38: Heavy-duty (frame) turbines with high thermal efficiency
Exhibit 39: Global aeroderivative gas turbine market 2015-2020 ($ billions)
Exhibit 40: Operational characteristics of gas-fired electricity generation
Exhibit 41: Global gas turbine market by end-user 2015 and 2020
Exhibit 42: Gas turbine end-user in terms of revenue generation
Exhibit 43: Impact of major end-users on market
Exhibit 44: Global gas turbine market in power generation sector 2015-2020 ($ billions)
Exhibit 45: Fuel cost for gas turbine power plants in various regions 2020
Exhibit 46: Global gas turbine market in mobility sector 2015-2020 ($ billions)
Exhibit 47: Global gas turbine market in oil and gas sector 2015-2020 ($ billions)
Exhibit 48: Global gas turbine market by geography 2015-2020
Exhibit 49: Gas turbine market in APAC 2015-2020 ($ billions)
Exhibit 50: Generation cost in APAC (c/kWh)
Exhibit 51: Gas turbine market in Americas 2015-2020 ($ billions)
Exhibit 52: Gas turbine market in EMEA 2015-2020 ($ billions)
Exhibit 53: Major M&A activities in market
Exhibit 54: Market share of key vendors in 2010 and 2015
Exhibit 55: Geographical presence of key vendors
Exhibit 56: Top end-users in terms of revenue for key vendors in market
Exhibit 57: Key vendors and their presence in global gas turbine market by design type
Exhibit 58: Vendor portfolio analysis
Exhibit 59: Other prominent gas turbine manufacturers
Exhibit 60: Solar Turbines: Key gas turbine-driven generator models
