Global Aeroderivative Gas Turbine Market Size By Capacity (< 50 KW, 50 kW to 500 KW, 500 KW to 1 MW, 1 MW to 30 MW, 30 MW to 70 MW, > 70 MW), By Technology (Open Cycle, Combined Cycle), By Application (Power Plants, Oil & Gas, Process Plants, Aviation, Marine), Industry Analysis Report, Regional Outlook Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Feb 2020  |  Report ID: GMI1184  |  Authors: Ankit Gupta, Riya Gupta

Report Format: PDF   |   Pages: 536   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Global Aeroderivative Gas Turbine Market Size, in 2019, was valued over USD 2 billion and is projected to grow at a CAGR of 8% through 2026. Ongoing investments toward power & heat generation facilities along with favorable government norms including rebates, incentives and subsidies will augment the business outlook.
 

Aeroderivative Gas Turbine Market Statistics

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Increasing adoption of cutting-edge technologies across gas fired turbines in line with rising investments toward aircraft fleet sector will positively influence the product deployment. For instance, in 2018, Siemens announced the launch of HL-class gas turbines with 80% operational efficiency for the gas markets across the Philippine electricity sector.
 

The aero-derivative gas turbine is a lightweight variation of a gas turbine which is designed in a way that fuel & air are mixed and ignited in one system to achieve the desired output. The system consists of combustion engine converting natural gas and other liquid fuels to heat, electrical and mechanical energy. This energy then propels a generator which produces electrical energy.
 

Global Aeroderivative Gas Turbine Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 2.3 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 8.7% 2026 Value Projection: 3.6 Billion (USD)
Pages: 536 Tables, Charts & Figures: 855
Geographies covered (45): U.S., Canada, Mexico, UK, France, Germany, Russia, Italy, Finland, Netherlands, Greece, Denmark, Ukraine, Sweden, Azerbaijan, Kazakhstan, Belarus, 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
Segments covered: Capacity, Technology, Application
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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Rising demand for decentralized power generation establishment will drive the aeroderivative gas turbine industry

< 50 kW units across the aeroderivative gas turbine market is anticipated to surpass USD 70 million by 2026. Ongoing technological advancements across cogeneration technologies to endure power consumption across existing grid networks will positively influence the industry landscape.
 

Compact size, lower operational cost, and reduced carbon footprint are some of the major factors strengthening the product portfolio. Moreover, increasing applicability of efficient re-generative turbines across various manufacturing establishments will complement the product deployment.
 

Aeroderivative Gas Turbine Market by Capacity

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Ongoing integration of decentralized generating units across stationary energy applications will propel the 500 kW - 1 MW segment.  Minimal mechanical parts, light weight, lower emissions and ability to use conventional fuels are prominent factors complementing the product portfolio.
 

Moreover, rapid technical enhancement on account of efficiency, flexibility and longer life span will escalate the aeroderivative gas turbine market growth. For instance, in 2018 GE launched ‘cross-fleet gas turbine’ which further enhances the reliability and performance of OEM fleets.
 

Ongoing technological enhancement across the combined & open cycle gas turbines will complement the product adoption

Quick start and lower warm up time when compared with traditional establishments in line with light weight and operational flexibility are some of the essential features driving the open-cycle aeroderivative gas turbine market. Onshore industries find a wide range applicability of gas turbine across direct and mechanical drive.
 

Furthermore, increasing installation across aircrafts owing to its light weight & high efficiency and rising power demand across offshore platforms will positively influence the product demand.
 

Growing energy demand on account of increasing industrialization across developing economies will stimulate the industry landscape. For instance, GE introduced ‘6F.01 turbine’ equipped with a combined cooling, heating, and power (CCHP) configuration to achieve a fuel efficiency of over 81% with a total generating capacity of 210 MW. Paradigm shift toward gas fired power generating technologies along with rising demand & supply gap will propel investments across combine cycle units.
 

Rapid growth across tourism sector along with increasing fleet demand will enhance the product adoption

Constant and efficient weight to power ratio to sustain a flight in conjunction with wide range of applicability of gas turbines across power aerospace engines will augment the aeroderivative gas turbine market landscape. Over the years, the aviation business has gained impetus on account of rising tourism & migrant mobilization along with growing living & travelling standards across developing nations. Moreover, ongoing aircraft demand across military sector have witnessed an upsurge owing to the rise in national security & safety adherence.
 

Increasing fleet count along with ongoing technical advancement subject to a large customer base will augment the aeroderivative gas turbine market size. Rising renewable energy integration coupled with growing consumer inclination toward the adoption of decentralized energy network will stimulate the power co-generation units across the industry.
 

Increasing power conservation norms in line with efficient use of generated energy is expected to further reinforce the product penetration. Moreover, growing financial incentive and subsidies allocation across the expansion and integration of CHP plants will also strengthen the industry landscape.
 

European region is set to dominate the regional market trends

Aeroderivative Gas Turbine Market, By Country

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North America and European region collectively are anticipated to exceed USD 2 billion by 2026. Aeroderivative gas turbine market is projected to witness growth on account of increasing focus toward CCGT power plant technology. Rising applicability of gas-powered technology across drilling and extraction techniques owing to lower energy generation cost and longer product lifecycle will further boost the product demand.
 

Moreover, energy generation through combined & open cycle gas turbine is subjected to grow on account of existing gas reserves, higher efficiency & reliability and lower construction time.
 

U.S. market, across North America region is anticipated to exceed an annual installation of 1,100 MW by 2026. In 2019, the U.S. government announced a modified plan ‘Self-Generation Incentive Program (SGIP)’ to enhance the adoption of renewable fuels by 50% in fuel mixture blend.
 

Furthermore, favorable government norms including tax rebates, financial subsidies and incentives across power and heat generation sector will drive the aeroderivative gas turbine market demand.
 

Demand of improved aeroderivative gas turbine establishments will act as the central point of market players

Increasing investments across research and development sector by prominent participants to enhance quality standards & ensure economies of scale across the turbine industry will complement the business potential.
 

In September 2019, Siemens announced the signing of its contract with Astoria Generating Co. (AGC) for the installation of its eight 76-MW aeroderivative gas turbine. Eminent players operational across aeroderivative gas turbine industry are Mitsubishi Hitachi, GE, Siemens, Wärtsilä, Kawasaki, Solar Turbines, Opra Turbines, BHEL, MAN Diesel, Harbin, Vericor, Capstone, Cryostar, Zorya-Mashproekt and NPO Saturn.
 

Global Aeroderivative Gas Turbine market research report includes in-depth coverage of the industry with estimates & forecast in terms of “MW” & “USD” from 2015 to 2026, for the following segments:

By Capacity

  • < 50kW
  • 50kW to 500kW
  • > 500kW to 1MW
  • > 1MW to 30MW
  • >30MW to 70MW
  • > 70MW

By Technology

  • Open Cycle
  • Combined Cycle

By Application

  • Power Plants
  • Oil & Gas
  • Process Plants
  • Aviation
  • Marine
  • Others

The above information has been provided for the following regions and country:

By Region

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • U.K
    • France
    • Germany
    • Russia
    • Italy
    • Finland
    • Netherlands
    • Greece
    • Denmark
    • Ukraine
    • Sweden
  • CIS
    • Azerbaijan
    • Kazakhstan
    • Belarus
  • Asia Pacific
    • China
    • India
    • Australia
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Malaysia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Kuwait
    • Oman
    • Egypt
    • Turkey
    • Bahrain
    • Iraq
    • Jordan
    • Lebanon
    • South Africa
    • Nigeria
    • Algeria
    • Kenya
    • Ghana
  • Latin America
    • Brazil
    • Argentina
    • Peru
    • Chile

 

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the aeroderivative gas turbine business is expected to hit at $3 billion (USD) by 2026.
Inclination toward energy optimization, growing focus toward decentralized generation technologies, restructuring of electrical infrastructure, and positive outlook towards gas-based electricity generation are some of the key factors expected to drive the growth of the global market.
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 are some of the top contributors in the industry.

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Premium Report Details

  • Published Date: Feb 2020
  • Pages: 536
  • Tables: 818
  • Charts / Figures: 37
  • Companies covered: 15
  • Countries covered: 45

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