The Global Industrial Gas Turbines Market size was valued at US$ 12930 Million in 2019 and is expected to reach US$ 13140 Million by 2026, at a CAGR of 0.2% during the forecast period 2019 to 2026.
A Industrial Gas Turbine engine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.
The leading manufactures mainly are GE, Siemens, MHPS, Ansaldo and Kawasaki. GE is the largest manufacturer; its revenue of global market exceeds 49% in 2017.
In terms of production side, this report researches the Industrial Gas Turbines capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Industrial Gas Turbines by regions (countries) and application.
The Industrial Gas Turbines market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. 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 provides size (in terms of volume and value) of Industrial Gas Turbines 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.
This report focuses on the global Industrial Gas Turbines market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Industrial Gas Turbines market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Industrial Gas Turbines market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Industrial Gas Turbines market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Industrial Gas Turbines market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Industrial Gas Turbines industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Industrial Gas Turbines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Industrial Gas Turbines market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Industrial Gas Turbines market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Industrial Gas Turbines market. These factors have benefited the growth of the global market for Industrial Gas Turbines. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Industrial Gas Turbines. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
The major vendors covered:
GE
Siemens
MHPS
Ansaldo
Kawasaki
Solar Turbines
MAN Energy
BHEL
Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Industrial Gas Turbines markets such as the U.S., Canada, Germany, France, the U.K., Italy, Russia, China, Japan, South Korea, Taiwan, India, the Philippines, Malaysia, Thailand, Indonesia, Vietnam Australia, Mexico, Brazil, Saudi Arabia, the UAE and Turkey etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Segment by Type, the Industrial Gas Turbines market is segmented into
Segment by Application, the Industrial Gas Turbines market is segmented into
In this study, the years considered to estimate the market size of Industrial Gas Turbines are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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:
Table of Contents
1 Report Overview
1.1 Research Scope
1.2 Top Industrial Gas Turbines Manufacturers Covered: Ranking by Revenue
1.3 Market Segment by Type
1.3.1 Global Industrial Gas Turbines Market Size by Type: 2015 VS 2020 VS 2026 (US$ Million)
1.3.2 <20MW
1.3.3 ≥20MW
1.4 Market Segment by Application
1.4.1 Global Industrial Gas Turbines Consumption by Application: 2015 VS 2020 VS 2026
1.4.2 Power Generation
1.4.3 Oil & Gas
1.4.4 Other
1.5 Study Objectives
1.6 Years Considered
2 Global Market Perspective
2.1 Global Industrial Gas Turbines Production Capacity Analysis
2.1.1 Global Industrial Gas Turbines Production Value (2015-2026)
2.1.2 Global Industrial Gas Turbines Production (2015-2026)
2.1.3 Global Industrial Gas Turbines Capacity (2015-2026)
2.1.4 Global Industrial Gas Turbines Marketing Pricing and Trends
2.2 Global Industrial Gas Turbines Market Size Growth Potential by Key Producing Regions
2.2.1 Global Industrial Gas Turbines Market Size by Key Producing Regions: 2015 VS 2021 VS 2026
2.2.2 Global Industrial Gas Turbines Market Share by Key Producing Regions: 2021 VS 2026
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Primary Interviews with Key Industrial Gas Turbines Players: Views for Future
3 Market Share by Manufacturers
3.1 Global Top Manufacturers by Industrial Gas Turbines Production Capacity
3.1.1 Global Top Manufacturers by Industrial Gas Turbines Production Capacity (2015-2020)
3.1.2 Global Top Manufacturers by Industrial Gas Turbines Production (2015-2020)
3.1.3 Global 5 and 10 Largest Manufacturers by Industrial Gas Turbines Production in 2019
3.2 Global Top Manufacturers by Industrial Gas Turbines Revenue
3.2.1 Global Top Manufacturers by Industrial Gas Turbines Revenue (2015-2020)
3.2.2 Global Top Manufacturers Market Share by Industrial Gas Turbines Revenue (2015-2020)
3.2.3 Global Industrial Gas Turbines Market Concentration Ratio (CR5 and HHI)
3.3 Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Industrial Gas Turbines as of 2019)
3.4 Global Industrial Gas Turbines Average Selling Price (ASP) by Manufacturers
3.5 Key Manufacturers Industrial Gas Turbines Plants/Factories Distribution and Area Served
3.6 Date of Key Manufacturers Enter into Industrial Gas Turbines Market
3.7 Key Manufacturers Industrial Gas Turbines Product Offered
3.8 Mergers & Acquisitions, Expansion Plans
4 Estimate and Forecast by Type (2015-2026)
4.1 Global Industrial Gas Turbines Historic Market Size by Type (2015-2020)
4.1.2 Global Industrial Gas Turbines Production Market Share by Type (2015-2020)
4.1.3 Global Industrial Gas Turbines Production Value Market Share by Type
4.1.4 Industrial Gas Turbines Average Selling Price (ASP) by Type (2015-2020)
4.2 Global Industrial Gas Turbines Market Size Forecast by Type (2021-2026)
4.2.2 Global Industrial Gas Turbines Production Market Share Forecast by Type (2021-2026)
4.2.3 Global Industrial Gas Turbines Production Value Market Share Forecast by Type
4.2.4 Industrial Gas Turbines Average Selling Price (ASP) Forecast by Type (2021-2026)
4.3 Global Industrial Gas Turbines Market Share by Price Tier (2015-2020): Low-End, Mid-Range and High-End
5 Market Size by Application (2015-2026)
5.1 Global Industrial Gas Turbines Consumption by Application (2015-2020)
5.2 Global Industrial Gas Turbines Consumption by Application (2021-2026)
6 Production by Regions: Market Fact & Figures
6.1 Global Industrial Gas Turbines Production (History Data) by Regions (2015-2020)
6.2 Global Industrial Gas Turbines Production Value (History Data) by Regions
6.3 North America
6.3.1 North America Industrial Gas Turbines Production Growth Rate (2015-2020)
6.3.2 North America Industrial Gas Turbines Production Value Growth Rate (2015-2020)
6.3.3 Key Players Market Share in North America
6.3.4 North America Industrial Gas Turbines Import & Export (2015-2020)
6.4 Europe
6.4.1 Europe Industrial Gas Turbines Production Growth Rate (2015-2020)
6.4.2 Europe Industrial Gas Turbines Production Value Growth Rate (2015-2020)
6.4.3 Key Players Market Share in Europe
6.4.4 Europe Industrial Gas Turbines Import & Export (2015-2020)
6.5 China
6.5.1 China Industrial Gas Turbines Production Growth Rate (2015-2020)
6.5.2 China Industrial Gas Turbines Production Value Growth Rate (2015-2020)
6.5.3 Key Players Market Share in China
6.5.4 China Industrial Gas Turbines Import & Export (2015-2020)
6.6 Japan
6.6.1 Japan Industrial Gas Turbines Production Growth Rate (2015-2020)
6.6.2 Japan Industrial Gas Turbines Production Value Growth Rate (2015-2020)
6.6.3 Key Players Market Share in Japan
6.6.4 Japan Industrial Gas Turbines Import & Export (2015-2020)
7 Industrial Gas Turbines Consumption by Regions: Market Fact & Figures
7.1 Global Industrial Gas Turbines Consumption (History Data) by Regions (2015-2020)
7.2 Global Top Industrial Gas Turbines Consumers (regions/countries) Ranking and Share of Total Industrial Gas Turbines Consumption in 2015 VS 2019
7.3 North America
7.3.1 North America Industrial Gas Turbines Consumption by Type
7.3.2 North America Industrial Gas Turbines Consumption by Application
7.3.3 North America Industrial Gas Turbines Consumption by Countries
7.3.4 U.S.
7.3.5 Canada
7.4 Europe
7.4.1 Europe Industrial Gas Turbines Consumption by Type
7.4.2 Europe Industrial Gas Turbines Consumption by Application
7.4.3 Europe Industrial Gas Turbines Consumption by Countries
7.4.4 Germany
7.4.5 France
7.4.6 U.K.
7.4.7 Italy
7.4.8 Russia
7.5 Asia Pacific
7.5.1 Asia Pacific Industrial Gas Turbines Consumption by Type
7.5.2 Asia Pacific Industrial Gas Turbines Consumption by Application
7.5.3 Asia Pacific Industrial Gas Turbines Consumption by Regions
7.5.4 China
7.5.5 Japan
7.5.6 South Korea
7.5.7 India
7.5.8 Australia
7.5.9 Taiwan
7.5.10 Indonesia
7.5.11 Thailand
7.5.12 Malaysia
7.5.13 Philippines
7.5.14 Vietnam
7.6 Central & South America
7.6.1 Central & South America Industrial Gas Turbines Consumption by Type
7.6.2 Central & South America Industrial Gas Turbines Consumption by Application
7.6.3 Central & South America Industrial Gas Turbines Consumption by Countries
7.6.4 Mexico
7.6.5 Brazil
7.6.6 Argentina
7.7 Middle East and Africa
7.7.1 Middle East and Africa Industrial Gas Turbines Consumption by Type
7.7.2 Middle East and Africa Industrial Gas Turbines Consumption by Application
7.7.3 Central & South America Industrial Gas Turbines Consumption by Countries
7.7.4 Turkey
7.7.5 Saudi Arabia
7.7.6 U.A.E
8 Company Profiles
8.1 GE
8.1.1 GE Corporation Information
8.1.2 GE Business Overview and Total Revenue (2019 VS 2018)
8.1.3 GE Industrial Gas Turbines Production Capacity, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
8.1.4 Industrial Gas Turbines Products and Services
8.1.5 GE SWOT Analysis
8.1.6 GE Recent Developments
8.2 Siemens
8.2.1 Siemens Corporation Information
8.2.2 Siemens Business Overview and Total Revenue (2019 VS 2018)
8.2.3 Siemens Industrial Gas Turbines Production Capacity, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
8.2.4 Industrial Gas Turbines Products and Services
8.2.5 Siemens SWOT Analysis
8.2.6 Siemens Recent Developments
8.3 MHPS
8.3.1 MHPS Corporation Information
8.3.2 MHPS Business Overview and Total Revenue (2019 VS 2018)
8.3.3 MHPS Industrial Gas Turbines Production Capacity, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
8.3.4 Industrial Gas Turbines Products and Services
8.3.5 MHPS SWOT Analysis
8.3.6 MHPS Recent Developments
8.4 Ansaldo
8.4.1 Ansaldo Corporation Information
8.4.2 Ansaldo Business Overview and Total Revenue (2019 VS 2018)
8.4.3 Ansaldo Industrial Gas Turbines Production Capacity, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
8.4.4 Industrial Gas Turbines Products and Services
8.4.5 Ansaldo SWOT Analysis
8.4.6 Ansaldo Recent Developments
8.5 Kawasaki
8.5.1 Kawasaki Corporation Information
8.5.2 Kawasaki Business Overview and Total Revenue (2019 VS 2018)
8.5.3 Kawasaki Industrial Gas Turbines Production Capacity, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
8.5.4 Industrial Gas Turbines Products and Services
8.5.5 Kawasaki SWOT Analysis
8.5.6 Kawasaki Recent Developments
8.6 Solar Turbines
8.6.1 Solar Turbines Corporation Information
8.6.3 Solar Turbines Industrial Gas Turbines Production Capacity, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
8.6.3 Solar Turbines Industrial Gas Turbines Production Capacity, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
8.6.4 Industrial Gas Turbines Products and Services
8.6.5 Solar Turbines SWOT Analysis
8.6.6 Solar Turbines Recent Developments
8.7 MAN Energy
8.7.1 MAN Energy Corporation Information
8.7.2 MAN Energy Business Overview and Total Revenue (2019 VS 2018)
8.7.3 MAN Energy Industrial Gas Turbines Production Capacity, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
8.7.4 Industrial Gas Turbines Products and Services
8.7.5 MAN Energy SWOT Analysis
8.7.6 MAN Energy Recent Developments
8.8 BHEL
8.8.1 BHEL Corporation Information
8.8.2 BHEL Business Overview and Total Revenue (2019 VS 2018)
8.8.3 BHEL Industrial Gas Turbines Production Capacity, Revenue, Average Selling Price (ASP) and Gross Margin (2015-2020)
8.8.4 Industrial Gas Turbines Products and Services
8.8.5 BHEL SWOT Analysis
8.8.6 BHEL Recent Developments
9 Industrial Gas Turbines Production Side by Producing Regions (Countries)
9.1 Global Industrial Gas Turbines Production Value Forecast by Region (2021-2026)
9.2 Industrial Gas Turbines Production Forecast by Regions
9.3 Key Industrial Gas Turbines Producing Regions Forecast
9.3.1 North America
9.3.2 Europe
9.3.3 China
9.3.4 Japan
10 Industrial Gas Turbines Consumption Forecast by Top Consumers (Regions/Countries)
10.1 Global Industrial Gas Turbines Consumption Forecast by Region (2021-2026)
10.2 North America Market Consumption YoY Growth Forecast
10.2.1 North America Industrial Gas Turbines Consumption YoY Growth (2021-2026)
10.2.2 North America Industrial Gas Turbines Consumption Forecast by Country (2021-2026)
10.3 Europe Market Consumption YoY Growth Forecast
10.3.1 Europe Industrial Gas Turbines Consumption YoY Growth (2021-2026)
10.3.2 Europe Industrial Gas Turbines Consumption Forecast by Country (2021-2026)
10.4 Asia Pacific Market Consumption YoY Growth Forecast
10.4.1 Asia Pacific Industrial Gas Turbines Consumption YoY Growth (2021-2026)
10.4.1 Asia Pacific Industrial Gas Turbines Consumption Forecast by Regions (2021-2026)
10.5 Latin America Market Consumption YoY Growth Forecast
10.5.1 Latin America Industrial Gas Turbines Consumption YoY Growth (2021-2026)
10.5.2 Latin America Industrial Gas Turbines Consumption Forecast by Country (2021-2026)
10.6 Middle East and Africa Market Consumption YoY Growth Forecast
10.6.1 Middle East and Africa Industrial Gas Turbines Consumption YoY Growth (2021-2026)
10.6.2 Middle East and Africa Industrial Gas Turbines Consumption Forecast by Country (2021-2026)
11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Industrial Gas Turbines Sales Channels
11.2.2 Industrial Gas Turbines Distributors
11.3 Industrial Gas Turbines Customers
12 Opportunities & Challenges, Threat and Affecting Factors
12.1 Market Opportunities
12.2 Market Challenges
12.3 Porter's Five Forces Analysis
13 Key Findings
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers