Global Aeroderivative Gas Turbine Market Size By Capacity (< 50 KW, 50 to 500 KW, 500 KW to 1 MW, 1 to 30 MW, 30 to 70 MW, > 70 MW), By Technology (Open Cycle, Combined Cycle), By Application (Power Plants, Oil & Gas, Process Plants, Aviation, Marine, Others), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Jan 2019  |  Report ID: GMI1184  |  Authors: Ankit Gupta, Aditya Singh Bais

Report Format: PDF   |   Pages: 527   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Aeroderivative Gas Turbine Market in 2018 exceeded an annual installation of 5 GW and is anticipated to surpass USD 2 Billion by 2025.

 U.S. Aeroderivative Gas Turbine Market Size, By Capacity, 2018 & 2025 (USD Million)

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In the current industry scenario, the aeroderivative gas turbine market has substantially been influenced on account of rising demand for energy across industrial establishments and associated manufacturing plants. Supply and demand balance have continuously been a major concern for private entities and utilities which has further led to extensive investments toward the development of renewable power generation plants. Henceforth, technological precision favoured by rise in energy demand in line with energy efficiency concord will stimulate the product demand.

Growing fund flow ameliorating the replacement of traditional power generating technologies with enhanced gas-fired generating power stations to curtail GHG emissions will foster the market. In 2016, Government of China introduced reforms to restraint carbon emission levels to around 18% by 2020. Furthermore, the origin of shale gas technologies has led to a substantial growth in exploration and production activities across onshore basins and remote offshore facilities which in turn will augment the overall industry dynamics.

Global Aeroderivative Gas Turbine Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 5 Gw
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Pages: 527 Tables, Charts & Figures: 841
Geographies covered (45): U.S., Canada, Mexico, UK, France, Germany, Russia, Italy, Finland, Netherlands, Greece, Denmark, Ukraine, Sweden, China, India, Australia, Japan, South Korea, Indonesia, Thailand, Malaysia, Saudi Arabia, UAE, Qatar, Kuwait, Oman, Egypt, Turkey, Bahrain, Iraq, Jordan, Lebanon, South Africa, Nigeria, Algeria, Kenya, Ghana, Brazil, Argentina, Peru, Chile, Azerbaijan, Kazakhstan, Belarus
Segments covered: Capacity, Technology, Application and Region
Companies covered (15): General Electric, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd., Wärtsilä, Kawasaki Heavy Industries Ltd., Opra Turbines B.V., Solar Turbines Incorporated, Harbin Turbine Company Limited, Bharat Heavy Electricals Limited, Vericor Power Systems, MAN Energy Solutions, Capstone Turbine Corporation, Cryostar, UEC Saturn, Zorya-Mashproekt
Growth Drivers:
  • North America and Europe
  • Inclination toward energy optimization
  • Shale gas revolution
  • Positive clean energy outlook
  • Asia-pacific
  • Renewable energy integration
  • Growing focus toward decentralized generation technologies
  • Middle East Africa and CIS
  • Restructuring of electrical infrastructure
  • Large scale renewable integration prospects
  • Latin America
  • Positive outlook towards gas-based electricity generation
Pitfalls & Challenges:
  • Advancing auxiliary clean turbine technologies
  • Cost competitiveness

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Aeroderivative Gas Turbine Market, By Capacity

< 50 kW aeroderivative gas turbine market by 2025 is projected to surpass USD 50 million. Rapid advancement of co-generating technologies to endure heat and energy consumption across isolated, industrial and small commercial grid networks will boost the product adoption. Moreover, ongoing developments in accordance with the enhancement of efficient re-generative turbines to bear low heat requirements across various establishments will further strengthen the product penetration.

Ongoing integration of distributed generation systems across stationary power applications will thrust the 500 kW to 1 MW aeroderivative gas turbine market share. Compact size, light weight, lesser number of moving parts, improved efficiency, lower emissions, potential to use surplus fuel and lower electricity costs are key factors complementing the business scenario. Furthermore, rapid technical development on account of the flexibility & efficiency advances across both recuperated & un-recuperated technologies will complement the business outlook.

Aeroderivative Gas Turbine Market, By Technology

Lower warm up time in comparison to the existing systems, compact size, light weight, operational flexibility, limited dependency on cooling water and quick start are few essential parameters amplifying the open cycle aeroderivative gas turbine market size. With respect to land-based industries, these products find wide spread deployment across direct & mechanical drive applications. In addition, installation across aircrafts where minimizing the unit weight is a primary focus along with electricity generation applications prolonged to offshore platforms pose immense potential for these units.

Straining of existing energy resources which include coal & hydro power coupled with regulatory inclination towards power optimization will sway the combined cycle aeroderivative gas turbine market share. Moreover, paradigm shift from coal fired power generating plants in line with enlarging demand & supply gap has made combined cycle units an attractive investment prospect.

Aeroderivative Gas Turbine Market, By Application

Gas turbines are mainly used to power aerospace engines in conjunction with maintaining an efficient weight to power ratio to endure a flight. In the recent industrial regime, the aviation industry has gained impetus with a huge number of tourists & migrants mobilizing globally. In addition, aircrafts used for military purposes have witnessed robust demand subject to the adherence to national safety & security. Growing fleet count along with ongoing technological advancements to serve a large customer base by maintaining the efficiency and reliability will further sustain aeroderivative gas turbine market growth.

Europe Aeroderivative Gas Turbine Market Size, By Application (MW)
Europe Aeroderivative Gas Turbine Market Size, By Application (MW)

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Rising energy demand in line with favourable consumer and regulatory outlook towards the adoption of renewable energy network will nurture the power generation units across the market. Efficient use of generated power along with energy conservation mandates have further reinforced the product penetration. Furthermore, growing fund allocation toward the integration and expansion of CHP plants in conjunction with the flourishing distributed power generation technologies will further augment the industry landscape.

Aeroderivative Gas Turbine Market, By Region

North America aeroderivative gas turbine market is anticipated to witness an upsurge owing to increase in focus on CCGT power plant capacity infusion. The rise in capacity addition is allocated to the enhancement in the drilling & extraction technologies commencing across the region thus making gas-fired power technology a cheap source of electricity generation. Power generation through Combined Cycle Gas Turbine is further favoured by the existence of enormous gas reserves, lower construction time and higher efficiency.

Middle East Aeroderivative Gas Turbine Market Size, By Country, 2025 (USD Million)
Middle East Aeroderivative Gas Turbine Market Size, By Country, 2025 (USD Million)

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China market on account of large-scale expansion of gas fired electricity generation technology is set to surpass USD 190 Million by 2025. In 2017, Siemens fetched an order from CAPCO to supply gas turbines in order to power a 550 MW combined cycle (CC) generating plant. Moreover, the deal has also been associated with the company’s prospect of expansion coupled with the adoption of a flexible distribution channel.

Competitive Market Share

Eminent aeroderivative gas turbine market participants include GE, Siemens, Mitsubishi Hitachi, Wärtsilä, Kawasaki, Opra Turbines, Solar Turbines, Harbin, BHEL, Vericor, MAN Diesel, Capstone, Cryostar, NPO Saturn and Zorya-Mashproekt.

Leading industry players have shifted their focus towards substantial innovation and research fund allocation to support their business potential. These companies have made significant strides in advancing their industrial performance and portfolio through expanding and building effective industry infrastructure.

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