Asia Pacfic Gas Turbine Market Forecast to 2027 - COVID-19 Impact and Analysis - By Technology (Open Cycle and Combined Cycle), Capacity (Below 40 MW, 40-120 MW, 120-300 MW, and Above 300 MW), and Application (Power Generation, Oil and Gas, and Industrial

Asia Pacfic Gas Turbine Market Forecast to 2027 - COVID-19 Impact and Analysis - By Technology (Open Cycle and Combined Cycle), Capacity (Below 40 MW, 40-120 MW, 120-300 MW, and Above 300 MW), and Application (Power Generation, Oil and Gas, and Industrial)

The gas turbine market in APAC is expected to grow from US$ 4031.3 million in 2018 to US$ 6,154.5 million by 2027; it is estimated to grow at a CAGR of 4.9% from 2019 to 2027.

The demand for electricity is growing in this region as a result of the escalating population and increase in per capita consumption of electricity. In the coming years, the electricity demand is expected to increase hugely of the current demand. Industrial establishments and manufacturing plants are also adding to the demand for electricity. Gas turbines are simple to design and construct compared to steam power stations as they require no boilers. Despite being of the same capacity as that of other turbines used for electricity production, the gas turbines are smaller in size and need less water as they have no condensers. Moreover, gas turbines have low maintenance costs, no stand by losses, and quick start-up process, which is further driving the demand for gas turbines in APAC. To lower carbon emissions by substituting coal and nuclear by natural gas for power generation is among the other factors expected to positively influence the demand for gas turbine.

The COVID-19 pandemic is anticipated to cause a loss of more than 3 billion lives in the Asia Pacific region. The consequences are likely to worsen depending on the spread of the virus. The governments of Asia Pacific counties are taking possible steps to curb the effects of this crisis by imposing lockdown. The Airports Council International (ACI) Asia-Pacific has warned that the prolonged duration of the COVID-19 outbreak would drastically impact the region’s airport connectivity and economic sustainability, significantly restricting them from achieving previously estimated growth prospects.

The combined cycle led the gas turbine market, based on technology, in 2018. The combined cycle technology mainly uses a gas turbine for driving an electrical generator and reuses the waste heat produced in the turbine exhaust to generate steam. This steam is then allowed to pass through a steam turbine for providing supplemental electricity. The electrical efficiency of combined cycle power system ranges from 50% to 60%, which is 13% more efficient than the open cycle technology. Combined cycle technology is suitable for stable load applications, which, in turn, drives the gas turbine market in APAC.

The overall APAC gas turbine market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the APAC gas turbine market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC gas turbine market. Ansaldo Energia S.p.A., General Electric Company, Harbin Electric Company Limited, Kawasaki Heavy Industries, Ltd., Man Energy Solutions, Mitsubishi Hitachi Power Systems, Ltd., Siemens AG, and Solar Turbines Incorporated are among the market players operating in this region

Reason to buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC gas turbine market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC Gas Turbine market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the gas turbine market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution


1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Gas Turbine Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
5. APAC Gas Turbine Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 To lower carbon emission by harnessing natural gas instead of coal and nuclear.
5.1.2 Incremental rise in demand of electricity in APAC due to rapid urbanization and industrialization.
5.2 Market Restraints
5.2.1 Inconsistent supply chain of natural gas for energy generation.
5.3 Market Opportunities
5.3.1 Upswing focus towards distributed power generation
5.4 Future Trends
5.4.1 Swift in trend of electricity generation and consumption
5.5 Impact Analysis
6. Gas Turbine-Market Analysis
6.1 Overview
6.2 APAC Gas Turbine Market-Revenue and Forecast to 2027 (US$ Mn)
6.3 Market Positioning -Market Players
7. Gas Turbine Market Analysis - By Technology
7.1 Overview
7.2 APAC Gas Turbine Market, By Technology (2018 and 2027)
7.3 Open Cycle
7.3.1 Overview
7.3.1.1 Open Cycle: Gas Turbine Market - Revenue, and Forecast to 2027 (US$ Million)
7.4 Combined Cycle
7.4.1 Overview
7.4.1.1 Combined Cycle: Gas Turbine Market - Revenue, and Forecast to 2027 (US$ Million)
8. Gas Turbine Market Analysis - By Capacity
8.1 Overview
8.2 APAC Gas Turbine Market, By Capacity (2018 and 2027)
8.3 Below 40 MW
8.3.1 Overview
8.3.1.1 Below 40 MW: Gas Turbine Market - Revenue and Forecast to 2027 (US$ Million)
8.4 - 120 MW
8.4.1 Overview
8.4.1.1 - 120 MW: Gas Turbine Market - Revenue and Forecast to 2027 (US$ Million)
8.5 - 300 MW
8.5.1 Overview
8.5.1.1 - 300 MW: Gas Turbine Market - Revenue and Forecast to 2027 (US$ Million)
8.6 Above 300 MW
8.6.1 Overview
8.6.1.1 Above 300 MW: Gas Turbine Market - Revenue and Forecast to 2027 (US$ Million)
9. Gas Turbine Market Analysis - By Application
9.1 Overview
9.2 APAC Gas Turbine Market, By Application (2018 and 2027)
9.3 Power Generation
9.3.1 Overview
9.3.2 Power Generation: Gas Turbine Market - Revenue and Forecast to 2027 (US$ Million)
9.4 Oil and Gas
9.4.1 Overview
9.4.2 Oil and Gas: Gas Turbine Market - Revenue and Forecast to 2027 (US$ Million)
9.5 Industrial
9.5.1 Overview
9.5.2 Industrial: Gas Turbine Market - Revenue and Forecast to 2027 (US$ Million)
10. Gas Turbine Market - Country Analysis
10.1 Overview
10.1.1.1 Australia: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Australia: Gas Turbine Market, by Technology
10.1.1.1.2 Australia: Gas Turbine Market, by Capacity
10.1.1.1.3 Australia: Gas Turbine Market, by Application
10.1.1.2 China: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 China: Gas Turbine Market, by Technology
10.1.1.2.2 China: Gas Turbine Market, by Capacity
10.1.1.2.3 China: Gas Turbine Market, by Application
10.1.1.3 India: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 India: Gas Turbine Market, by Technology
10.1.1.3.2 India: Gas Turbine Market, by Capacity
10.1.1.3.3 India: Gas Turbine Market, by Application
10.1.1.4 Japan: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 Japan: Gas Turbine Market, by Technology
10.1.1.4.2 Japan: Gas Turbine Market, by Capacity
10.1.1.4.3 Japan: Gas Turbine Market, by Application
10.1.1.5 South Korea: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 South Korea: Gas Turbine Market, by Technology
10.1.1.5.2 South Korea: Gas Turbine Market, by Capacity
10.1.1.5.3 South Korea: Gas Turbine Market, by Application
10.1.1.6 Rest of APAC: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Gas Turbine Market, by Technology
10.1.1.6.2 Rest of APAC: Gas Turbine Market, by Capacity
10.1.1.6.3 Rest of APAC: Gas Turbine Market, by Application
11. Impact of COVID-19 Pandemic on APAC Gas Turbine Market
11.1 Overview
11.2 Asia-Pacific: Impact assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Strategy and Business Planning
12.2 Collaboration
12.3 Product Launch
13. Company Profiles
13.1 Ansaldo Energia S.p.A.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 General Electric Company
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Harbin Electric Company Limited
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 Kawasaki Heavy Industries, Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 Man Energy Solutions
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.6 Mitsubishi Hitachi Power Systems, Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Siemens AG
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 Solar Turbines Incorporated
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.9 Wärtsilä Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.10 Bharat Heavy Electricals Limited (BHEL)
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. APAC Gas Turbine Market -Revenue and Forecast to 2027 (US$ Mn)
Table 2. Australia Gas Turbine Market, by Technology - Revenue and Forecast to 2027 (USD Million)
Table 3. Australia Gas Turbine Market, by Capacity - Revenue and Forecast to 2027 (USD Million)
Table 4. Australia Gas Turbine Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 5. China Gas Turbine Market, by Technology - Revenue and Forecast to 2027 (USD Million)
Table 6. China Gas Turbine Market, by Capacity - Revenue and Forecast to 2027 (USD Million)
Table 7. China Gas Turbine Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 8. India Gas Turbine Market, by Technology - Revenue and Forecast to 2027 (USD Million)
Table 9. India Gas Turbine Market, by Capacity - Revenue and Forecast to 2027 (USD Million)
Table 10. India Gas Turbine Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 11. Japan Gas Turbine Market, by Technology - Revenue and Forecast to 2027 (USD Million)
Table 12. Japan Gas Turbine Market, by Capacity - Revenue and Forecast to 2027 (USD Million)
Table 13. Japan Gas Turbine Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 14. South Korea Gas Turbine Market, by Technology - Revenue and Forecast to 2027 (USD Million)
Table 15. South Korea Gas Turbine Market, by Capacity - Revenue and Forecast to 2027 (USD Million)
Table 16. South Korea Gas Turbine Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 17. Rest of APAC Gas Turbine Market, by Technology - Revenue and Forecast to 2027 (USD Million)
Table 18. Rest of APAC Gas Turbine Market, by Capacity - Revenue and Forecast to 2027 (USD Million)
Table 19. Rest of APAC Gas Turbine Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 20. List of Abbreviation
List of Figures
Figure 1. APAC Gas Turbine Market Segmentation
Figure 2. APAC Gas Turbine Market Overview
Figure 3. Combined Cycle Segment Held Largest Share of APAC Gas Turbine Market
Figure 4. Power Generation Segment Held Largest Share of APAC Gas Turbine Market
Figure 5.-300 MW Segment Held Largest Share of APAC Gas Turbine Market
Figure 6. China Held Largest Share of APAC Gas Turbine Market
Figure 7. APAC: PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Gas turbine Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC Gas Turbine Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 11. APAC Gas Turbine Market Revenue Share, by Technology (2018 and 2027)
Figure 12. APAC Open Cycle: Gas Turbine Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 13. APAC Combined Cycle: Gas Turbine Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 14. APAC Gas Turbine Market Revenue Share, by Capacity (2018 and 2027)
Figure 15. Below 40 MW: APAC Gas Turbine Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 16. - 120 MW: APAC Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
Figure 17. - 300 MW: APAC Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
Figure 18. Above 300 MW: APAC Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
Figure 19. APAC Gas Turbine Market Revenue Share, by Application (2018 and 2027)
Figure 20. APAC Power Generation: Gas Turbine Market - Revenue and Forecast to 2027 (US$ Million)
Figure 21. APAC Oil and Gas: Gas Turbine Market - Revenue and Forecast to 2027 (US$ Million)
Figure 22. APAC Industrial: Gas Turbine Market - Revenue and Forecast to 2027 (US$ Million)
Figure 23. Australia: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
Figure 24. China: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
Figure 25. India: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
Figure 26. Japan: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
Figure 27. South Korea: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of APAC: Gas Turbine Market -Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

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