Europe Gas Turbine Market 2015 - Forecasts to 2020 for the $7.8 Billion Industry

Feb 12, 2016, 12:10 ET from Research and Markets

DUBLIN, Feb. 12, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/gcc72x/europe_gas) has announced the addition of the "Europe Gas Turbine Market - Analysis by Geography, by Deployment Location Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2015-2020)" report to their offering.

The Major application of Gas turbine can be categorized into six segments, namely, Power Generation, Mobility, Oil & gas industry, Petrochemicals. Food processing and Pulp and Paper. Most important usage of Gas turbines is in the field of Aircraft propulsion systems and power generation. And accounts for more than 70.0% share of Europe Gas turbine market in 2015.

This market is driven by a number of factors, such as the large number of ongoing projects and innovations in the Power generation sector along with the growing demand for mobility services as well as Industrial products. Especially the growth in Central and eastern European countries becoming the key drivers. However, this market faces certain drawbacks, such as Increasing environmental concerns and thus the Regulatory and policy restrictions on fossil-fuel fired power plants along with increasing renewable energies. These factors may act as a roadblock to the growth of the market.

This market can be broadly segmented into 1-120 MW, 121-350 MW, 351-750 MW and above 750MW, based on its power plant's installed capacity. In this report, the market is also segmented based on its configuration: turbojet, turboprop, turbo shaft, turbofan. This technology has classifications based on different types of its operation such as Gas cycle, Combined Cycle and Cogeneration. Market study indicates that the Gas Cycle segment accounts for the largest share in this market. This is due to its high efficiency and low operating costs.

The market has also been geographically segmented into Austria, France, Germany, Greece, Italy, Norway, Romania, Spain, Sweden, Switzerland and Turkey. Urbanization and industrialization of central and eastern European countries have made this region an area of immense potential and opportunities. However, the price sensitivity in this region has considerably hindered the growth of this market.

 The major companies dominating this market for its products, services, and continuous product developments are Ansaldo Energia, Avio, International Aero Engines, MTU Aero Engines, Centrax Gas Turbines, Price Induction, Siemens Energy Sector, NYE Thermodynamics Corporation, Wood Group, Snecma, Turbomeca, Zorya-Mashproekt and others.

The current trends in mergers and acquisitions indicate that the smaller companies are getting acquired by the bigger ones for more innovations by utilizing their core competencies.

Key Topics Covered:

1. Introduction

2. Key Deliverables of the Study

3. Executive Summary

4. Research Methodology

5. Markets Covered

6. Market Overview

7. Market Dynamics

8. Europe Wind turbine bearings Manufacturing Industry value Chain Analysis

9. Europe Wind turbine bearings Market Analysis, by Application

10. Europe Wind turbine bearings Market Analysis, by deployment

11. Europe Wind turbine bearings market Analysis, by turbine capacity

12. Europe Wind turbine bearings Market Analysis, by Geography (Overview, Market Demand to 2020 and Investment Opportunities)

13. Key Company Analysis

14. Competitive Landscape

15. Appendix

Companies Mentioned

- Schaeffler Group

- Rollix

- Thyssenkrupp Rothe Erde

- SKF

- Koyo

- URB group

- NSK group

- Laulagun Bearings

For more information visit

http://www.researchandmarkets.com/research/gcc72x/europe_gas

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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