Middle East & Africa Gas Turbine Market Size - By Capacity, By Product (Aero-Derivative, Heavy Duty), By Technology, By Application (Power Plants, Oil & Gas, Process Plants, Aviation, Marine), Country Outlook & Forecast, 2024 - 2032
Description
Middle East & Africa Gas Turbine Market Size - By Capacity, By Product (Aero-Derivative, Heavy Duty), By Technology, By Application (Power Plants, Oil & Gas, Process Plants, Aviation, Marine), Country Outlook & Forecast, 2024 - 2032
Middle East & Africa Gas Turbine Market size is projected to witness over 6% CAGR between 2024 to 2032, backed by the burgeoning industrial sector, particularly in energy-intensive industries, such as oil & gas, petrochemicals, and power generation. These turbines are vital for power generation and process applications due to their efficiency, reliability, and ability to operate in harsh environments.
The increasing focus on energy diversification and sustainable development initiatives in the MEA will propel the product demand. Several governments are investing in cleaner and more efficient energy sources to reduce reliance on fossil fuels, mitigate environmental impacts, and meet the growing energy demand. Gas turbines, especially those capable of running on natural gas or alternative fuels, will further stimulate the market growth. For instance, in October 2023, SEWA, Shipco and GE Vernova collaborated to start commercial operations at all three blocks of the Hamriyah Independent Power Plant (IPP), the MEA’s most efficient gas power plant, cutting down carbon emissions from power generation.
The overall industry is classified into capacity, product, technology, application, and country.
Based on technology, the combined cycle segment in MEA gas turbine market is projected to witness substantial growth through 2032, due to its energy efficiency and cost-effectiveness. Combined cycle power plants integrate gas turbines with steam turbines, allowing them to utilize waste heat from the gas turbine exhaust to generate additional power for significantly improving overall plant efficiency. Rising governments and power utilities in the region are increasingly investing in combined cycle projects to meet the surging electricity demand to enhance energy security and achieve their sustainability goals.
Middle East & Africa gas turbine market from the marine application segment is predicted to gain high revenue share by 2032. As the region boasts extensive coastlines and is strategically positioned along major maritime trade routes, there is a growing demand for marine vessels for various purposes, including shipping, offshore exploration, and defense. Gas turbines offer various advantages for marine propulsion systems, including compact size, high power-to-weight ratio, and fuel flexibility, making them ideal for a wide range of marine applications.
Egypt gas turbine industry size will grow significantly through 2032, attributed to ambitious plans for infrastructure development, including the expansion of power generation capacity and the modernization of industrial facilities. Several governmental initiatives to diversify the energy mix and promote renewable energy sources are complementing the growth of gas turbines, which are essential for providing reliable and flexible power generation to support the integration of renewable energy into the grid.
Table of Contents
250 Pages
- Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Market estimates & forecast parameters
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
- Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2019 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Strategic outlook
- 4.2 Innovation & sustainability landscape
- Chapter 5 Market Size and Forecast, By Capacity (MW & USD Million)
- 5.1 Key trends
- 5.2< 50 kW
- 5.3 > 50 kW to 500 kW
- 5.4 > 500 kW to 1 MW
- 5.5 > 1 MW to 30 MW
- 5.6 > 30 MW to 70 MW
- 5.7 > 70 MW to 200 MW
- 5.8 > 200 MW
- Chapter 6 Market Size and Forecast, By Product (MW & USD Million)
- 6.1 Key trends
- 6.2 Aero-derivative
- 6.3 Heavy duty
- Chapter 7 Market Size and Forecast, By Technology (MW & USD Million)
- 7.1 Key trends
- 7.2 Open cycle
- 7.3 Combined cycle
- Chapter 8 Market Size and Forecast, By Application (MW & USD Million)
- 8.1 Key trends
- 8.2 Power plants
- 8.3 Oil & gas
- 8.4 Process plants
- 8.5 Aviation
- 8.6 Marine
- 8.7 Others
- Chapter 9 Market Size and Forecast, By Country (MW & USD Million)
- 9.1 Key trends
- 9.2 Saudi Arabia
- 9.3 UAE
- 9.4 Qatar
- 9.5 Kuwait
- 9.6 Oman
- 9.7 Egypt
- 9.8 Turkey
- 9.9 Bahrain
- 9.10 Iraq
- 9.11 Jordan
- 9.12 Lebanon
- 9.13 South Africa
- 9.14 Nigeria
- 9.15 Algeria
- 9.16 Kenya
- 9.17 Ghana
- Chapter 10 Company Profiles
- 10.1 Ansaldo Energia
- 10.2 Baker Hughes Company
- 10.3 Bechtel Corporation
- 10.4 Bharat Heavy Electricals Limited (BHEL)
- 10.5 Capstone Green Energy Corporation
- 10.6 Consolidated Turbine Services
- 10.7 Doosan
- 10.8 Flex Energy Solutions
- 10.9 Flour Corporation
- 10.10 General Electric
- 10.11 John Wood Group PLC.
- 10.12 Kawasaki Heavy Industries, Ltd.
- 10.13 MAN Energy Solutions
- 10.14 Mitsubishi Heavy Industries Ltd.
- 10.15 Rolls Royce PLC
- 10.16 Siemens
- 10.17 Solar Turbines Incorporated
- 10.18 Sulzer AG
- 10.19 Wartsila
- 10.20 WEG
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