NEW YORK, July 29, 2021 /PRNewswire/ -- Technavio has been monitoring the gas turbine market and it is poised to grow by USD 2.44 billion during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ansaldo Energia Spa, Bharat Heavy Electricals Ltd, Capstone Turbine Corp., Caterpillar Inc., General Electric Co., IHI Corp., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., OPRA Turbines, and Siemens AG are some of the major market participants. The enhanced efficiency of gas turbines will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Gas Turbine Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our gas turbine market report covers the following areas:
Gas Turbine Market size
Gas Turbine Market trends
Gas Turbine Market industry analysis
This study identifies the development of GTCC and IGCC technologies as one of the prime reasons driving the gas turbine market growth during the next few years.
Gas Turbine Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Gas Turbine Market, including some of the vendors such as Ansaldo Energia Spa, Bharat Heavy Electricals Ltd, Capstone Turbine Corp., Caterpillar Inc., General Electric Co., IHI Corp., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., OPRA Turbines, and Siemens AG. Backed with competitive intelligence and benchmarking, our research reports on the Gas Turbine Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist gas turbine market growth during the next five years
Estimation of the gas turbine market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the gas turbine market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of gas turbine market vendors
Table Of Contents :
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Heavy-duty gas turbine - Market size and forecast 2019-2024
Aeroderivative gas turbine - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Technology
Comparison by Technology
CCGT - Market size and forecast 2019-2024
OCGT - Market size and forecast 2019-2024
Market opportunity by Technology
Market Segmentation by End-user
Comparison by End-user
Power generation - Market size and forecast 2019-2024
Mobility - Market size and forecast 2019-2024
Oil and gas - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End-user
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers – Demand led growth
Market positioning of vendors
Ansaldo Energia Spa
Bharat Heavy Electricals Ltd.
Capstone Turbine Corp.
General Electric Co.
Kawasaki Heavy Industries Ltd.
Mitsubishi Heavy Industries Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.