A gas turbine engine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.
The USA held the largest share in the global market, its revenue of global market exceeds 59% in 2018.
Asia-Pacific is the largest consumption region of Gas Turbine market; its consumption of global market exceeds 42% in 2018.
The Gas Turbine market was valued at 14300 Million US$ in 2018 and is projected to reach 29500 Million US$ by 2025, at a CAGR of 10.9% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Gas Turbine.
This report presents the worldwide Gas Turbine market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
GE
Siemens
MHPS
Ansaldo
Kawasaki
Solar Turbines
MAN Energy
BHEL
Gas Turbine Breakdown Data by Type
Light Duty Type
Aeroderivative Type
Heavy Duty Type
Gas Turbine Breakdown Data by Application
Power Generation
Oil & Gas
Other
Gas Turbine Production by Region
United States
Europe
China
Japan
Other Regions
Gas Turbine Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Gas Turbine status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Gas Turbine manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Gas Turbine :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Gas Turbine market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Gas Turbine . Industry analysis & Market Report on Gas Turbine is a syndicated market report, published as Global Gas Turbine Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Gas Turbine market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.