Market Overview: Gas Turbine Market FY2024-2030

This reports provides an essential and dependable overview of the Gas Turbine Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.

Gas Turbine Market Report Coverage Details:

• Base Year: 2023
• Historical Data: 2019-22
• Forecast Period: 2024-2030
• CAGR: 5.3% (2024-2030)

The Global Gas Turbine Market size is projected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30.

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Gas Turbine Market Opportunity:

Increasing Adoption of Hybrid Power Plants to Offer New Opportunities – Gas turbines are an essential component of hybrid power plants. In addition to being able to charge energy storage devices, they offer a dependable power source in the absence of renewable energy sources. The overall efficiency of hybrid power plants increases with the help of efficient gas turbines, therefore, gas turbine makers are seeing new prospects as hybrid power plants become more widely used. The future of the gas turbine industry is looking brighter because of the growing use of hybrid power plants. Gas turbine producers are in a good position to profit from this market expansion if they can create new gas turbine models and technologies, especially for use in hybrid power plants.

Gas Turbine Market Segmentation Analysis – FY2024-2030

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Gas Turbine Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The Gas Turbine Market segmentation is enlisted below:

By Technology 

• Open Cycle - Market Size & Forecast 2019-2030F, USD Million
• Combined Cycle - Market Size & Forecast 2019-2030F, USD Million

By Design Type

• Heavy Duty- Market Size & Forecast 2019-2030F, USD Million
• Aero-derivative- Market Size & Forecast 2019-2030F, USD Million

By Rating Capacity  

• 1-40 MW- Market Size & Forecast 2019-2030F, USD Million
• 41- 120 MW- Market Size & Forecast 2019-2030F, USD Million
• 121- 300 MW- Market Size & Forecast 2019-2030F, USD Million
• Above 300 MW- Market Size & Forecast 2019-2030F, USD Million

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By End User

• Industrial Power Generation- Market Size & Forecast 2019-2030F, USD Million
• Oil & Space- Market Size & Forecast 2019-2030F, USD Million
• Municipality- Market Size & Forecast 2019-2030F, USD Million
• Other Industries (Manufacturing, Aerospace, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Gas Turbine Market Competitive Landscape

Ansaldo Energia, Bharat Heavy Electricals Limited, Capestone Green Energy Corporation, Caterpillar Inc. (Solar Turbines Incorporated), General Electric, Harbin Electric Corporation, IHI Corporation, Kawasaki Heavy Industries. Ltd. , Mitsubishi Heavy Industries Ltd., Siemens Energy, Rolls-Royce Plc, Destinus Energy, MTU Aero Engines, Centrax Gas Turbine, Others.

Gas Turbine Industry News:

• In 2022, Edra Energy's2 GW combined cycle power plant, the largest gas-based power plant in Malaysia, started up at Alor Gajah, Malacca. The new facility has three generating blocks, each with a capacity of more than 745 MW.

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Key Report Highlights   

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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