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Gas Turbine Electrical Power Generation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Gas turbine is an engine used for producing electric current. It is placed at the heart of the power plant. Gas turbine acts as a combustible engine, which converts natural gas or other fuels into mechanical energy. This mechanical energy forces the generator to produce electricity. Generally, gas turbine converts mechanical energy into electrical energy. This is the prime function of gas turbine electrical power generator Gas turbine electrical power acts as an electrical energy that moves along the power lines for businesses and homes. Gas turbines for electrical power generation remains one of the cleanest forms of energy, with low levels of CO2 emission. 

The gas turbine electrical power generation market can be segmented based on types of turbine used for electrical power generation, types based on power generating fuel, applications, and region. Based on turbines type, the gas turbine electrical power generation market can be bifurcated into open cycle gas turbine and closed cycle gas turbine. Open cycle gas turbine is a type of gas turbine electrical power generation in which air is drawn in the compressor from the atmosphere to generate power. Closed cycle gas turbine is a type gas turbine electrical power generation that compresses air from the surroundings. This air is heated by using the heat exchanger (air heater) for power generation. Based on types by the fuel for power generation, gas turbine electrical power generation can be segmented as oil, gas, kerosene, diesel, and others. Gas turbine electrical power generation are used in various industries based upon the requirement for electricity in oil & gas, aeronautical, locomotive, and defense industries.

Demand for gas turbine electrical power generation are due to its turbines which are clustered together where fuel to run them are abundantly available. Such power plants are usually employed for providing electricity grid relief and power supply during peak consumption hours. However, these plants are also now being utilized for supplying base loads due to technological advancements. Quick startup time of these plants also provides opportunities for using them as backup generation during emergencies. One of main advantages of using gas turbine electrical power generation is the ability of gas turbines to be functional on and off in less time and supply of power during peak.

Major restrains of using gas turbine electrical power generation requires special attention for the cooling of the blades of turbines, which operates in high temperature and pressure. High frequency noise is also a cause of concern while using gas turbine electrical power generators. High cost of production of gas turbine electrical power generators needs to be decreased through the adoption of new and emerging technologies.

In terms of geography, countries such as China, India, Japan, and Singapore are leading the gas turbine electrical power generation market in Asia Pacific due to the increase in demand for electricity and power generation for the purpose of developing smart cities in these countries. North America is the emerging market for gas turbine electrical power generation due to the newly discovered oil & gas fields and to develop infrastructure. The gas turbine electrical power generation market in Europe, particularly in countries such as the U.K., Germany, and France, has been expanding significantly due to rapid industrialization. Key players operating in the gas turbine electrical power generation market include Siemens AG, Doosan Heavy Industries, General Electric, Rolls Royce, and Mitsubishi Power Systems Europe Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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