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Global Gas Turbine Market 2016-2020

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?


Press Release

Technavio Announces the Publication of its Research Report – Global Gas Turbine Market 2016-2020

Technavio recognizes the following companies as the key players in the global gas turbine market: Ansaldo Energia, GE, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Siemens, and Solar Turbines.

Other Prominent Vendors in the market are: MAN Diesel and Turbo, Motor Sich, Niigata Power Systems, OPRA Turbines and Power Machines.

Commenting on the report, an analyst from Technavio’s team said: “One trend which will positively impact the market is the regulations being enacted by governments worldwide. Concerns about resource depletion, increase in harmful emissions, and stricter regulations for climate change mitigation has increased the focus on technologies that can produce power in a much cleaner and efficient manner.”

According to the report, a key growth driver is the increasing efficiency and durability of gas turbines. The increasing efficiency of gas turbines is projected to drive their adoption for power generation applications. Stringent carbon emission regulations worldwide; focus on high performance and lower power generating cost; and volatility in fuel costs are driving demand for highly efficient gas turbines.

Further, the report states that one challenge that could hinder market growth is the risk of volatile natural gas prices.

Companies Mentioned

Ansaldo Energia, GE, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Siemens, Solar Turbines, MAN Diesel and Turbo, Motor Sich, Niigata Power Systems, OPRA Turbines. Power Machines.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Working principle of CCGT
      • Table Working principle of open cycle gas turbine
      • Table Characteristics of standard heavy-duty (frame) and aeroderivative gas turbines
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Schematic diagram of gas turbine-based power plant
      • Table Available sources of power generation
  • Market landscape
    • Market overview
      • Table Global gas turbine market
    • Market size and forecast by revenue and capacity installed
      • Table Global gas turbine market by revenue ($ billions) and capacity addition (GW) 2015-2020
    • Five forces analysis
      • Table Five forces analysis
  • Market drivers
    • Increasing efficiency and durability of gas turbines
    • Rise in distributed power generation
      • Table Global distributed power growth by installed capacity, investment, and share of capacity addition 2000-2020
      • Table Technical and commercial maturity of different power generation technologies
    • Growing demand for gas turbines from mobility segment
      • Table Global marine fleet 2005-2014
      • Table Global economy GDP 2014-2020 ($ billions)
      • Table Marine trade volume demand 2015-2020 (millions of tons)
    • Regulations on carbon emissions
      • Table GHG emissions from different sectors
      • Table CO emission limits on new coal power plants across US, UK, and China
    • Consolidation of market vendors
    • Lower initial cost than other low-carbon emission substitutes
      • Table Power installation cost per kW of different power generation sources
    • Increase in CCGT power plants
      • Table Comparison between coal-fired and gas-fired plants
      • Table Share of CCGT in thermal power 2000-2014
      • Table Global electricity generation by fuel share 2003
      • Table Global electricity generation by fuel share 2013
      • Table US net energy generation 2010
      • Table US net energy generation 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Risk of volatility in natural gas prices
    • Change in energy mix
      • Table Renewable investments 2010-2014 ($ billions)
      • Table Share of fossil fuels in global energy mix 2014 and 2035
    • Irregularities in natural gas reserves and supplies
    • Inherent challenges of handling natural gas
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • 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
  • Market segmentation by technology
    • Global gas turbine market by technology
      • Table Global gas turbine market by technology 2015 and2020
      • Table Gas turbine technology type in terms of revenue generation
    • Combined cycle gas turbines
      • Table Global combined cycle gas turbine market 2015-2020 ($ billions)
      • Table LCOE of CCGT in comparison to its substitutes
    • Open cycle gas turbines
      • Table Global open cycle gas turbine market 2015-2020 ($ billions)
      • Table Comparison of efficiency among prominent gas turbine models in open cycle and combined cycle configurations
  • Market segmentation by design type
    • Global gas turbine market by design type
      • Table Global gas turbine market by design type 2015 and 2020
      • Table Gas turbine design types in terms of revenue generation 2015-2020
    • Heavy-duty (frame) gas turbines
      • Table Global heavy-duty (frame) gas turbine market 2015-2020 ($ billions)
      • Table Heavy-duty (frame) turbines with high thermal efficiency
    • Aeroderivative gas turbines
      • Table Global aeroderivative gas turbine market 2015-2020 ($ billions)
      • Table Operational characteristics of gas-fired electricity generation
  • Market segmentation by end-user
    • Global gas turbine market by end-user
      • Table Global gas turbine market by end-user 2015 and 2020
      • Table Gas turbine end-user in terms of revenue generation
      • Table Impact of major end-users on market
    • Global gas turbine market in power generation sector
      • Table Global gas turbine market in power generation sector 2015-2020 ($ billions)
      • Table Fuel cost for gas turbine power plants in various regions 2020
    • Global gas turbine market in mobility sector
      • Table Global gas turbine market in mobility sector 2015-2020 ($ billions)
    • Global gas turbine market in oil and gas sector
      • Table Global gas turbine market in oil and gas sector 2015-2020 ($ billions)
  • Geographical segmentation
    • Global gas turbine market by geography
      • Table Global gas turbine market by geography 2015-2020
    • APAC
      • Table Gas turbine market in APAC 2015-2020 ($ billions)
      • Table Generation cost in APAC (c/kWh)
    • Americas
      • Table Gas turbine market in Americas 2015-2020 ($ billions)
    • EMEA
      • Table Gas turbine market in EMEA 2015-2020 ($ billions)
  • Vendor landscape
    • Competitive scenario
      • Table Major M&A activities in market
      • Table Market share of key vendors in 2010 and 2015
      • Table Geographical presence of key vendors
      • Table Top end-users in terms of revenue for key vendors in market
      • Table Key vendors and their presence in global gas turbine market by design type
      • Table Vendor portfolio analysis
    • Other prominent vendors
      • Table Other prominent gas turbine manufacturers
  • Key vendor analysis
    • Ansaldo Energia
    • GE
    • Kawasaki Heavy Industries
    • Mitsubishi Hitachi Power Systems
    • Siemens
    • Solar Turbines
      • Table Solar Turbines: Key gas turbine-driven generator models
  • Appendix
    • List of abbreviations
  • Explore Technavio

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