Gas Turbine Services Industry Size, Share & Trends Analysis Report

The Gas Turbines market size will grow from USD 17.51 Billion in 2017 to USD 21.42 Billion by 2023, at an estimated CAGR of 3.41%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

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Based on its rated capacity, the gas turbines market has been categorized into 1–40 MW, 40–120 MW, 120–300 MW, and above 300 MW. The market has been segmented based on technology into open cycle and combined cycle. The market has been segmented based on design type into heavy duty (frame) and aeroderiative. The power generation segment is expected to grow at the fastest rate during the forecast period. An increase is expected in the demand for combined cycle power plants as they offer low carbon dioxide emissions and higher efficiencies. In the oil & gas application, gas turbines are used to pump natural gas through pipelines where a small part of the pumped gas serves as the fuel. Industrial gas turbines range from 1,000 to 50,000 HP, with a majority installed in the oil & gas industry. Other industrial applications use gas turbines to run compressors or mechanical drives, which help in various industrial processes.

By Market Players:

Kawasaki Heavy Industries , Siemens , GE , MHPS , Ansaldo , Harbin Electric , OPRA , Man Diesel , Solar Turbines , Vericor Power , BHEL , Centrax , Zorya,

By Technology

Open Cycle , Combined Cycle,

By Application

Power Generation , Oil & Gas , Other Industrial Applications,

By Design Type

Heavy Duty (Frame) Type , Aeroderivative Type,

By Rated Capacity

Above 300 MW , 120–300 MW , 40–120 MW , Less Than 40 MW,

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Points Covered in The Report:

The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.

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