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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), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI1184
  • Published Date: Jun 2022
  • Report Format: PDF

Industry Trends

Aeroderivative Gas Turbine Market size valued at USD 3 billion in 2021 and is projected to expand at over CAGR of 6.6% from 2022 to 2030. The rising expansion and development of manufacturing practices in line with the increasing focus on sustainable energy development will positively influence the industry dynamics.

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Favorable policies implemented by the regulatory bodies including subsidies, tax rebates, and incentives along with increasing investments in regenerative gas turbine facilities will stimulate the product demand. Growing investments across the aviation industry coupled with the deployment of modern technologies in gas-fired turbines will foster the product adoption.

The COVID- 19 widespread had majorly impacted the overall aeroderivative gas turbine market operations owing to ceased processing & manufacturing operations, disrupted distribution channels, and labor shortages. However, the industry has regained its lost strength in 2021 on account of flourishing industrial sector and increasing electricity demand.  In addition, respective government measures to resume the operations across major industries, manufacturing facilities and infrastructure projects will complement the industry growth.

Abundant availability of gas resources will favor the business scenario

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≤ 50 kW capacity aeroderivative gas turbine market is estimated to attain a 7.5% growth rate till 2030. This growth is attributed to the ongoing advancements in technologies across cogeneration power plants. Lower operational costs, reduced carbon footprints, and compact size are the key factors accelerating the product portfolio. Incraesing deployment of these units across the process industry and small-scale generating plants is expected to surpass in the coming years.

The ongoing development of co-generating systems to sustain heat & energy consumption across industrial, commercial, and outlying grid network facilities will augment technological adoption. Furthermore, government initiatives & policies to curb carbon footprints in line with prolific natural gas reserves will escalate the usage of gas turbine. The increasing shale supply impelled by heavy exploration and production facilities in line with low carbon emissions when compared to other fossil fuels will significantly impact the business growth.

Favorable government norms to support the aviation sector

The open cycle aeroderivative gas turbine market is anticipated to reach USD 700 million by 2030. The product offers key benefits including less warm time, quick start time compared high operational flexibility and lightweight fostering the industry progression. Moreover, ongoing usage of with light weight aircraft along with increasing power demand across offshore application will drive the potential growth for open cycle technologies across the industry.

Growing industrialization across major economies due to the increasing energy demand will influence the aeroderivative gas turbine market penetration. For instance, in June 2021, General Electric and IHI Corporation, a manufacturer of heavy industries in Japan, signed an MoU for the collaborative development of gas turbine business arrangements (ammonia footprints). The ammonia roadmap will propel the utilization of ammonia as a carbon-free fuel to reduce carbon emissions in both the latest & existing gas turbines.

Flourishing aviation sector will boost the market growth

Stringent energy efficiency measures in line with rapid industrialization have forced industries to expand effective power generating systems. The rising demand for manufactured goods has increased the expansion of processing and manufacturing plants across the globe, which in turn, will influence the enlargement of self-regulated power generating units. Additionally, government initiatives to deploy a sustainable energy mix will lead to the potential growth of aeroderivative gas turbines.

The aeroderivative gas turbine market for aviation segment accounted USD 400 million revenue in 2021. This growth is credited to the ongoing efforts toward efficient and constant weight to sustain an aircraft. The industry has gained significant momentum owing to increasing migrant & tourism mobilization in line with growing traveling and living standards across major economies. Furthermore, the ongoing demand for aircraft across the defence sector due to growing national security and safety adherence will energize the industry dynamics.

Key companies escalating investment to deploy their business activities

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Middle East & Africa aeroderivative gas turbine market is poised to exceed USD 1.4 billion by 2030. Favorable government plans for power capacity additions majorly driven by growing population and industrialization. Shifting trends toward energy-efficient technologies coupled with increasing focus toward replacement of inefficient coal fired power plants will accelerate the business outlook. In addition, the ongoing modernization of infrastructure along with increasing electricity demand will stimulate the market expansion.

The North America aeroderivative gas turbine market will gain an appreciable momentum owing to growing focus on CCGT power plant technology solutions across the region. The increasing applicability of gas-based technology across extraction and drilling techniques on account of lower energy generation costs and longer product lifecycle will complement the demand for aeroderivative gas turbines. The growing necessity to replace aging coal-based fired power plants to limit carbon emissions will proliferate the industry landscape.

Strategic mergers and acquisitions by major industry players have driven to improvements in the market share

Major participants across the aeroderivative gas turbine market include General Electric, Ansaldo Energia, Nanjing Turbine & Electric Machinery, Baker Hughes Company, Harbin Electric Corporation, Capstone Green Energy Corporation, UEC-Saturn, OPRA Turbines, MAN Energy Solutions, VERICOR, Bharat Heavy Electricals Limited (BHEL), Kawasaki Heavy Industries, Ltd., Wärtsilä, Mitsubishi Heavy Industries, and Siemens.

The Aeroderivative Gas Turbine Market research report includes in-depth coverage of the industry with estimates & forecast in terms of MW & USD from 2018 to 2030 for the following segments:

Market, By Capacity

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

Market, By Technology

  • Open Cycle
  • Combined Cycle

Market, By Application

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

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

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Netherlands
    • Finland
    • Greece
    • Denmark
    • Romania
    • Poland
    • Sweden
  • Asia Pacific
    • China
    • 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


Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of aeroderivative gas turbine had crossed USD 3 billion in 2021 and is poised to expand at a rate of over 6.6% through 2030, with increased manufacturing and the rising focus on sustainable energy development.
Aeroderivative gas turbines are lightweight gas turbines, which are designed to mix air and fuel and then ignite to attain the desired output.
The ? 50 kW capacity segment is expected to strike a growth rate of over 7.5% through 2030 with rising advancements in technology across cogeneration power plants.
The market from the open cycle technology is likely to generate USD 700 million by 2030 led by the surging power demand across offshore applications.
The industry size in Middle East & Africa is estimated to surpass USD 1.4 billion by 2030 due to the presence of favorable government plans for power capacity addition along with the growing industrialization.

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  • Base Year: 2021
  • Companies covered: 15
  • Tables & Figures: 1165
  • Countries covered: 42
  • Pages: 630
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