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Aeroderivative Gas Turbine Market Share

Report ID: GMI1184
Published Date: Jun 2023
Report Format: PDF

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Aeroderivative Gas Turbine Market Share

Major participants across the aeroderivative gas turbine market include

General Electric
Ansaldo Energia
Nanjing Turbine & Electric Machinery (Group) Co., Ltd.
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
Siemens
Rolls-Royce plc
SAFRAN
Collins Aerospace
Pratt & Whitney

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of aeroderivative gas turbine exceeded USD 3.9 billion in 2023 and will surpass USD 6.8 billion by 2032, owing to the implementation of favorable policies by regulatory bodies, paradigm shift toward integrating renewable energy sources, and a strong emphasis on energy efficiency.

The aviation application was worth over USD 600 million in 2023, backed by ongoing efforts to achieve efficiency and maintain a consistent weight in aircraft, along with increased migration, tourism, and improved living standards primarily across the developing nations.

Europe market for aeroderivative gas turbine will surpass USD 1.5 billion by 2032, attributed to favorable government initiatives aimed at increasing power capacity, driven by population growth and industrialization.

General Electric, Ansaldo Energia, Nanjing Turbine & Electric Machinery, Baker Hughes Company, Harbin Electric Corporation, Mitsubishi Heavy Industries, Siemens, Rolls-Royce plc, SAFRAN, Collins Aerospace and Pratt & Whitney.