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Aeroderivative Gas Turbine Market Trends

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

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Aeroderivative Gas Turbine Market Trends

The aeroderivative gas turbine industry size will see noticeable growth, credited to the development of cost effective, compact and efficient units has showcase immense competition. The key market players surface the industry landscape subject to bulk manufacturing practices coupled with operations pivoted R&D. Moreover, the increasing shale supply owing to heavy exploration and production activities combined with its low carbon emission levels as compared to other fossil fuels will positively impact the business outlook.

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.