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Gas Turbine Market Share, Size Global Competition Strategies, Statistics, Industry Trends, Revenue Analysis, Key Players, Regional Analysis by Forecast to 2023
Posted on May 5 2021 9:01 AM
"Gas Turbine Market profile analyses the company's business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors. This Gas Turbine Market profile includes the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios with Forecast Period 2021-2023.
Global Gas Turbine Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Gas Turbine Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Gas Turbine Market report offers a comprehensive view regarding the competitive landscape of the Gas Turbine market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The availability of low-cost natural gas and intensifying environmental regulations have resulted in a shift toward gas-based power generation, which, in turn, is leading to the growth in gas turbine market. The need for clean power generating assets and decommissioning of aging power stations have further bolstered the trend. However, the increasing shift toward renewable energy sources, such as solar and wind, poses a major challenge for the growth of gas-based power generation. These renewable sources of energy are likely to hinder the market for gas turbines globally, during the forecast period.
Power Sector - Major Contributor to Market Growth
The power sector accounts for a major share in the market studied, with widespread application of gas turbines for power generation. The improvements in natural gas supply chain and power generation technology are expected to augment the share of the power sector, during the forecast period.
In the recent years, the development of shale gas resources in the United States has led to the decline in the gas prices, allowing gas-fired and combined-cycle plants to play a crucial role in power generation in the region. The continued transition away from coal has resulted in increased investments in the gas-based power plants, thereby spurring the demand for gas turbines.
Asia-Pacific - Potential Market
Globally, Asia-Pacific has the largest market for gas turbines, with China and India being the hotspot for demand. The favorable government support, growing demand for electricity, and rapid expansion in the industrial and infrastructure development activities are some of the significant factors escalating the demand for gas turbines in the region. Additionally, the transition from nuclear power generation to gas-fired power generation presents a huge market opportunity for the growth of gas turbine market in Asia-Pacific.
Increasing Growth in Shale Gas Production Accelerates Growth in the US
According to the International Energy Agency (IEA), the global natural gas market is expected to undergo a significant transformation, on account of new supplies coming from the United States, to fulfill the growing demand in developing economies. In 2016, natural gas had recorded a rapid paced growth in the North American region, as compared to oil and coal, owing to the boom in US shale gas production and the rapid LNG expansion. Moreover, the US shale revolution is poised to continue recording progress, and its effects are expected to be amplified by the rising LNG supplies. Therefore, the increasing growth in shale gas production and the rising demand for electricity are expected to drive the demand for gas turbines during the forecast period.
Key Developments in the Market
â— February 2018: Siemens had agreed to engineer, manufacture, and commission a 41-MW SGT-750 gas turbine driving two DATUM compressors operating in a tandem arrangement for Statoilâ€™s Johan Castberg FPSO in the Barents Sea.
â— January 2018: The Power Services segment of General Electric had entered into a long-term agreement with a consortium formed by Macquarie Capital and Techint of Mexico for plant services at the Norte III power plant in Mexico. The project cost was estimated to be around more than USD 330 million.
Major Players: General Electric, Siemens AG, Mitsubishi Heavy Industries Ltd, Harbin Electric International Company Limited, amongst others.
Reasons to Purchase The Report
â— Current and future global gas turbine market outlook in developed and emerging markets
â— Analyzing various perspectives of the market with the help of Porterâ€™s Five Forces analysis
â— The segment that is expected to dominate the market
â— Regions that are expected to witness the fastest growth during the forecast period
â— Identify the latest developments, market shares, and strategies employed by the major market players
â— 3 month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
â— This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Gas Turbine Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Gas Turbine.
Regional Market Analysis:
The Gas Turbine Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Gas Turbine Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Growing research activities coupled with new product launches.
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- High Opportunity in the Industry
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- Complications associated with Gas Turbine procedures.
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Key Attentions of Gas Turbine Market Report:
- The report offers a comprehensive and broad perspective on the global Gas Turbine market.
- The market statistics represented in different Gas Turbine segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Gas Turbine are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Gas Turbine.
- Major stakeholders, top companies Gas Turbine, investment feasibility and new market entrants study is offered.
- Development scope of Gas Turbine in each market segment is covered in this report. The macro and micro-economic factors affecting the Gas Turbine market
- Advancement is elaborated in this report. The upstream and downstream components of Gas Turbine and a comprehensive value chain are explained.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
6.2.2 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
6.2.4 South America
188.8.131.52 Rest of South America
6.2.5 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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