Global Industrial Gas Turbine Ignition System Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026

The global industrial gas turbine ignition system market size is expected to reach around US$ 2,474 Mn by 2026. In terms of value, the market is estimated to expand at a CAGR of 9.7% during the forecast period from 2019 to 2026. In terms of volume, the market stood at around 544 thousand units in 2018.

The Industrial gas turbines are engines using primary fuels for continuous combustion in the industrial space which plays a vital role these days in reducing CO2 emissions across the globe. This gas turbine installation especially in the power generation sector is expected to be the main factor for CO2 emission reduction. These gas turbines are ignited using an ignition system which is supplied by a large number of industry players.

The report analyzes and forecasts the industrial gas turbine ignition system market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global industrial gas turbine ignition system market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the industrial gas turbine ignition system market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of industrial gas turbine ignition system market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

The global industrial gas turbine ignition system market report has profiled the top players having a global presence such as Woodward, Inc., Unison, LLC, Champion Aerospace, Inc., Knite, Inc., Hatraco Technische Handelsonderneming B.V., Chentronics, LLC, Federal-Mogul LLC, Tesi Group, Meggitt PLC, and Hoerbiger Holding.

The industrial gas turbine ignition system market is segmented as below.

Industrial Gas Turbine Ignition System Market

By Component

• Igniters
• Exciters
• Leads
• Spark Plugs
• Others

By Gas Turbine Type

• Heavy-duty Gas Turbine
• Light-duty Gas Turbine

By Application

• Power Generation
• Mechanical Drive

By Geography

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • U.K.
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • GCC
  • South Africa
  • Rest of MEA
• South America
  • Brazil
  • Rest of South America

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

This report provides insights into the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the global industrial gas turbine ignition system market. The report analyzes this market by product, functionality, formulation, and region
• Product Enhancement/Innovation: Detailed insights on the upcoming trends and product launches in the global industrial gas turbine ignition system market
• Market Development: Comprehensive information on the lucrative emerging markets by product, functionality, formulation, and region
• Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global industrial gas turbine ignition system market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of leading players in the global industrial gas turbine ignition system market

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

• To analyze and study the global industrial gas turbine ignition system capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
• Focuses on the key industrial gas turbine ignition system manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.