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Global Industrial Gas Turbines Market 2017-2021

Global Industrial Gas Turbines Market 2017-2021

About Industrial Gas Turbines

Gas turbines are combustion turbines; these plants include an internal combustion engine, wherein the fuel is mixed with air, causing ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which results in the rotation of the turbine. Gas turbines are used in power generation, cogeneration, mobility, and mechanical drive applications. Apart from the power sector, the demand for gas turbines from various industries has increased significantly in the last decade. With the growing availability of natural gas fuel and favorable regulations, it is expected that the demand for gas turbines in various industries will increase further during the forecast period

Technavio’s analysts forecast the global industrial gas turbines market to grow at a CAGR of 2.40% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial gas turbines market for 2017-2021. The market size is calculated based on the demand for gas turbines from industrial applications.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Gas Turbines Market 2017-2021, 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
  • GE
  • Siemens
  • Ansaldo Energia,
  • Kawasaki Heavy industries
  • Mitsubishi Hitachi Power Systems
Other prominent vendors
  • Mitsubishi Heavy Industries
  • MAN Diesel & Turbo
  • MOTOR SICH JSC
  • Niigata Power Systems
  • Opra Technologies
  • Solar Turbines
Market driver
  • Consolidation of market vendors
  • For a full, detailed list, view our report
Market challenge
  • Contraction in mining industry in China
  • For a full, detailed list, view our report
Market trend
  • Growth in natural gas pipeline networks
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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 Industrial Gas Turbines Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial gas turbines market: GE, Siemens, Ansaldo Energia, Kawasaki Heavy industries, and Mitsubishi Hitachi Power Systems.

Other Prominent Vendors in the market are: Mitsubishi Heavy Industries, MAN Diesel & Turbo, MOTOR SICH JSC, Niigata Power Systems, Opra Technologies, and Solar Turbines.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growth in natural gas pipeline networks. The number of natural gas pipeline networks being planned and constructed has grown significantly in the last few years. The main reason is governmental support because of the shift toward new sources of clean and emission-free source of energy”

According to the report, one of the major drivers for this market is Consolidation of market vendors. In the last decade, the global industrial gas turbines market has undergone considerable changes. Mergers have played a crucial role in this transformation, with many large players acquiring gas turbine contracting companies. This has led to the expansion of the operations of major manufacturers on a global scale.

Further, the report states that one of the major factors hindering the growth of this market is Contraction in mining industry in China. China consumes nearly 50% of the world's commodities. Therefore, the country's economic slowdown has led to an oversupply of commodities such as coal and iron ore. However, the production costs of energy, labor, and equipment remain high. This has resulted in reduced revenues and profits, increasing the debt level of mining companies. This is a major challenge to the growth of the market as it results in a reduction in mining activities.

Companies Mentioned

GE, Siemens, Ansaldo Energia, Kawasaki Heavy industries, Mitsubishi Hitachi Power Systems, Mitsubishi Heavy Industries, MAN Diesel & Turbo, MOTOR SICH JSC, Niigata Power Systems, Opra Technologies, and Solar Turbines.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Global industrial gas turbines market by geography 2016-2021
  • Market landscape
    • Market overview
      • Table Global industrial gas turbines market landscape
    • Market size and forecast
      • Table Global industrial gas turbines market 2016-2021 ($ billions)
      • Table Crude oil prices January-November 2016 ($/barrel)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global industrial gas turbines market by end-user segment 2016 and 2021 (%)
    • Oil and gas industry
      • Table Global industrial gas turbines market in oil and gas industry 2016-2021 ($ billions)
    • Steel industry
      • Table Global industrial gas turbines market in steel industry 2016-2021 ($ billions)
      • Table Production of steel 2005, 2010, and 2015 (millions of tons)
  • Geographical segmentation
    • Market overview
      • Table Global industrial gas turbines market by geography 2016 and 2021 (%)
    • EMEA
      • Table Industrial gas turbines market in EMEA ($ billions)
    • Americas
      • Table Industrial gas turbines market in Americas ($ billions)
      • Table Shale gas production in US 2007-2015 (billion cubic feet)
    • APAC
      • Table Industrial gas turbines market in APAC ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Industries that contribute to industrial sector energy consumption in OECD countries
      • Table Some notable instances of expansion in Middle East oil industry
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Crude oil prices 2011-2015 (% change)
      • Table Effects of fouling on gas turbines
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Growth in natural gas pipeline networks
    • Technological innovations
    • Growth in cogeneration
      • Table Benefits of cogeneration
  • Vendor landscape
    • Market overview
    • Other prominent vendors
      • Table Global industrial gas turbines market: Other prominent vendors
  • Key vendor analysis
    • Ansaldo Energia
      • Table Ansaldo Energia: Product groups and offerings
    • GE
      • Table GE: Products offered by different business segments
      • Table GE: Gas turbine product portfolio
    • Kawasaki Heavy Industries
      • Table Kawasaki Heavy Industries: Product groups and offerings
      • Table Kawasaki Heavy Industries: Gas turbine product portfolio
    • Mitsubishi Hitachi Power Systems
      • Table Mitsubishi Hitachi Power Systems: Product groups and offerings
      • Table Mitsubishi Hitachi Power Systems: Industrial gas turbine product portfolio
    • Siemens
      • Table Siemens: Products offered by different business segments
      • Table Siemens: Gas turbine product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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