Gas Turbines Market is estimated to register 2.7% CAGR during 2021-2027

The global Gas Turbines market was valued at US$ 15670 million in 2020 and it is expected to reach US$ 19480 million by the end of 2027, growing at a CAGR of 2.7% during 2021-2027.

A gas turbine engine, or gas turbine, is an engine belonging to a heat engine.The increasing demand for natural gas-fired power plants, rising demand for electricity, reduction in emissions of carbon dioxide, and availability of efficient power technology are driving the gas turbines market.

The heavy duty design type segment is expected to grow at the highest CAGR, from 2017 to 2022.

Global Gas Turbines Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Gas Turbines Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Ansaldo Energia, Bharat Heavy Electricals Limited, General Electric, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd, Man Diesel and Turbo, Mitsubishi Hitachi Power Systems Ltd, Opra Turbines, Siemens, Vericor Power Systems and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

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Segment by Type

  • Below 70 MW
  • 70-300 MW
  • Above 300 MW

Segment by Application

  • Power Generation
  • Mechanical Drive

Table of Content:

1 Gas Turbines Market Overview

2 Gas Turbines Market Competition by Manufacturers

3 Gas Turbines Retrospective Market Scenario by Region

4 Global Gas Turbines Historic Market Analysis by Type

5 Global Gas Turbines Historic Market Analysis by Application

6 Key Companies Profiled

7 Gas Turbines Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 Gas Turbines Market Dynamics

10 Global Gas Turbines Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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