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Gas Turbine Market to Surpass US$ 39.26 Billion by 2030, Fueled by 15.7% CAGR, Forecast Period 2024-2030 | Key Players: General Electric, Siemens, Wood Group, Solar Turbines, Ansaldo Energia

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Gas Turbine Market to Surpass US$ 39.26 Billion by 2030, Fueled by 15.7% CAGR, Forecast Period 2024-2030 | Key Players: General Electric, Siemens, Wood Group, Solar Turbines, Ansaldo Energia

February 22
10:08 2024
Gas Turbine Market to Surpass US$ 39.26 Billion by 2030, Fueled by 15.7% CAGR, Forecast Period 2024-2030 | Key Players: General Electric, Siemens, Wood Group, Solar Turbines, Ansaldo Energia
Gas Turbine Market Set to Exceed US$ 39.26 Billion by 2030, Driven by Rising Energy Demand and Technological Advancements
The Gas Turbine Market is anticipated to achieve a valuation exceeding US$ 39.26 billion by 2030, driven by a remarkable Compound Annual Growth Rate (CAGR) of 15.7% during the forecast period from 2024 to 2030. This growth is propelled by increasing energy demand, advancements in turbine technology, and the shift towards cleaner energy sources.

Synopsis

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 or area, called a combustor, in between.

The global Gas Turbine Market was valued at US$ 20120 million in 2023 and is anticipated to reach US$ 39260 million by 2030, witnessing a CAGR of 9.9% during the forecast period 2024-2030.

Global Gas Turbine key players include GE, Siemens, Mitsubishi-Hitachi, Alstom, Solar Turbines, etc. Global top five players hold a share about 80%.Europe is the largest market, with a share about 40%, followed by North America and China, having a total share about 40 percent.In terms of product, Heavy Duty Gas Turbine is the largest segment, with a share about 63%. And in terms of application, the largest application is Power Generation, followed by Oil & Gas, etc.

This report aims to provide a comprehensive presentation of the global market for Gas Turbine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gas Turbine.

Report Scope

The Gas Turbine market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Gas Turbine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Gas Turbine manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Request a Sample Copy or Connect for Further Details: https://www.themarketreports.com/report/ask-your-query/1408601

Market Segmentation

By Company

  • General Electric
  • Siemens
  • Mitsubishi Hitachi Power Systems
  • Wood Group
  • Kawasaki Heavy Industries
  • Solar Turbines
  • Ansaldo Energia
  • MTU Aero Engines
  • Sulzer
  • MAN Diesel and Turbo
  • MJB International
  • Proenergy Services
  • MAN Energy
  • BHEL

 

Segment by Type

  • Heavy Duty Gas Turbine
  • Aeroderivative Gas Turbine
  • Light Duty Gas Turbine

 

Segment by Application

  • Power Generation
  • Oil & Gas
  • Other

 

Production by Region

  • North America
  • Europe
  • Japan
  • India

 

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Gas Turbine manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Gas Turbine by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Gas Turbine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: The main points and conclusions of the report.

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