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Gas Turbine Market

Gas Turbine Market (Type: Turbojet, Turboprop, Turbofan, and Afterburning Turbojet; and Technology: Heavy-duty Gas Turbine, Industrial Gas Turbine, and Aero-derivative Gas Turbine) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Gas Turbine Market Outlook 2031

  • The global gas turbine market was valued at US$ 37.5 Bn in 2021
  • It is estimated to grow at a CAGR of 4.0% from 2022 to 2031
  • The global gas turbine market is expected to reach US$ 54.7 Bn by the end of 2031

Analysts’ Viewpoint on Gas Turbine Market Scenario

Rapid technological advancements in the energy sector and rise in focus on distributed energy technologies are driving the global gas turbine market. Increase in energy consumption has led to a surge in adoption of renewable energy sources. Thus, several companies are opting for gas turbines in electrical power generation instead of coal-fired power generation. Enactment of stringent regulations to reduce CO2 emissions has prompted the installation of natural gas power plants, thereby boosting the demand for gas turbines. Key players in the market are manufacturing gas turbines capable of operating on a mixture of natural gas and hydrogen to enhance their revenue streams.

Gas Turbine Market

Gas Turbine Market Introduction

Gas turbine is an engine that converts natural gas and other liquid fuels to mechanical energy, which drives electrical power generators. Open cycle gas turbines, industrial gas turbines, and hydrogen gas turbines are various types of turbines available in the market. Gas turbine services provided by manufacturers include maintenance, overhaul, and repairs. Industrial gas turbines may produce power in the order of 100–300 MW. Hydrogen gas turbines offer various environmental and economic benefits, as they generate significantly less CO2 emissions. End-use industries of gas turbines include power & utility, oil & gas, aviation, transportation, marine & shipping, and military & defense.

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Rise in Consumption of Electricity Augmenting Global Gas Turbine Market

Rapid urbanization and industrialization have led to increase in the consumption of energy worldwide. According to Economic Survey 2021-2022, installed capacity in utilities was 382.15 GW on March 31, 2021, as compared to 370.11 GW on March 31, 2020, an increase of 3.25%. Furthermore, implementation of stringent regulations to decrease CO2 emissions is fueling investments in renewable energy sources such as natural gas. This is likely to boost the demand for gas turbines during the forecast period.

Gas Turbines offer Efficient and Stable Energy Generation Capacity

Gas turbines have a competitive advantage over other distributed generation technologies for backup power and onsite generation due to their efficient and stable power generation capacity. Emerging economies are stepping up their energy capabilities to cater to the rise in demand for electricity. Rise in investment in establishing natural gas turbines is expected to help these countries meet their energy demand as well as adhere to stringent emission norms. Micro gas turbines are gaining traction in emerging economies. These turbines are compact in size and lightweight. They also offer greater efficiency and lower emissions and electricity costs. The largest opportunity for the gas turbine market in these countries is the ability to utilize waste fuels in microturbines. Aviation gas turbines have a great power-to-weight ratio as compared to reciprocating engines and offer lower operational costs.

Expansion of Captive Power Stations to Propel Heavy-duty Gas Turbine Segment

In terms of technology, the global gas turbine market has been segmented into heavy-duty gas turbine, industrial gas turbine, and aero-derivative gas turbine. The heavy-duty gas turbine segment is expected to hold major share of the market during the forecast period due to rise in the number of manufacturing plants and large-scale economic zones in emerging countries. Captive power plants rely on heavy-duty gas turbines for power generation. Increase in demand for electricity across the industrial sector has led to significant expansion of the captive power generation market.

The aero-derivative gas turbine segment is anticipated to grow at a faster rate in the next few years. Aero-derivative gas turbines can be shut down quickly. They are also swifter in handling load changes than industrial machines. Aero-derivative gas turbines are lighter than heavy-duty gas turbines.

Stringent Regulations to Curb CO2 Emissions Driving Electric Power Generation Segment

Based on application, the global gas turbine market has been classified into electric power generation, industrial usage, marine propulsion, locomotive propulsion, and automotive propulsion. The electric power generation segment is expected to dominate the market during the forecast period. Rise in demand for electricity and enactment of stringent regulations related to carbon dioxide emissions are driving the segment. Gas turbines provide stable energy distribution in critical industrial areas that require continuous power supply. They are ideal for small and medium industries due to lower installation costs than steam- or diesel-powered turbines.

Regional Outlook of Global Gas Turbine Market

Asia Pacific is expected to account for largest revenue share of the global gas turbine market during the forecast period. Rapid urbanization and industrialization and increase in investment in R&D activities in growing economies, such as China and India, are propelling the market in the region.

The market in Europe is expected to grow at a significant rate during the forecast period. Expansion of the marine & shipping market and wind turbine market is expected to boost the demand for gas turbines in the region. Marine gas turbines are widely used in naval ships in Germany, France, and other countries across Europe, where they are valued for their higher power-to-weight ratio and acceleration.

North America is projected to account for a substantial share of the global gas turbine market in the next few years due to rise in investment in the R&D of hydrogen-fueled gas turbines from companies such as General Electric and Mitsubishi Power, Ltd.

Analysis of Key Players in Global Gas Turbine Market

Companies operating in the global gas turbine market are investing significantly in R&D activities to open new avenues for manufacturing innovative products. They are also adopting partnership, collaboration, and M&A strategies to gain future business opportunities in the gas turbine market. Kawasaki Heavy Industries, Ltd., Siemens Energy AG, Capstone Green Energy Corporation, General Electric Company, Ansaldo Energia S.p.A., Mitsubishi Heavy Industries, Ltd., United Engine Corporation, Rolls-Royce Holdings plc, Harbin Electric Machinery Company Limited, OPRA Turbines, Solar Turbines Incorporated, Bharat Heavy Electricals Limited, Centrax Gas Turbines, and MTU Aero Engines AG are key players operating in the gas turbine market.

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Key Developments in Global Gas Turbine Market

  • In May 2021, Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries, established a new gas turbine business in Dubai. The gas turbine combined cycle unit will focus on the sale of J-Series Air Cooled gas turbines, which are capable of operating on a mixture of 30% hydrogen and 70% natural gas.
  • In March 2021, GE announced the delivery of two HA gas turbines to the UAE. These turbines are undergoing installation and commissioning work at the 1.8 GW Hamriyah Independent Power Plant in Sharjah.

Each of these players has been profiled in the gas turbine market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Gas Turbine Market Snapshot

Attribute

Detail

Market Value of Gas Turbine in 2021

US$ 37.5 Bn

Market Forecast Value in 2031

US$ 54.7 Bn

Growth Rate

(CAGR)

4.0%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Bn for Value & Thousand Units for Volume

Market Analysis

It includes cross-segment analysis at the global as well as regional levels. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes an overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Type
    • Turbojet
    • Turboprop
    • Turbofan
    • Afterburning Turbojet
  • Capacity
    • Below 40 MW
    • 41 - 120 MW
    • 121 – 300 MW
    • 301 MW and Above
  • Cycle
    • Open Cycle
    • Combined Cycle
  • Technology
    • Heavy-duty Gas Turbine
    • Industrial Gas Turbine
    • Aero-derivative Gas Turbine
  • Application
    • Electric Power Generation
    • Industrial Usage
    • Marine Propulsion
    • Locomotive Propulsion
    • Automotive Propulsion

Regions Covered

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

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • China
  • India
  • Japan
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • Kawasaki Heavy Industries, Ltd.
  • Siemens Energy AG  
  • Capstone Green Energy Corporation
  • General Electric Company
  • Ansaldo Energia S.p.A.
  • Mitsubishi Heavy Industries, Ltd.
  • United Engine Corporation
  • Rolls-Royce Holdings plc
  • Harbin Electric Machinery Company Limited
  • OPRA Turbines
  • Solar Turbines Incorporated
  • Bharat Heavy Electricals Limited
  • Centrax Gas Turbines
  • MTU Aero Engines AG

Customization Scope

Available upon request

Pricing

Available upon request

Gas Turbine Market

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Frequently Asked Questions

How big was the gas turbine market in 2021?

The gas turbine market stood at US$ 37.5 Bn in 2021

What would be the CAGR during 2022-2031?

The market is estimated to grow at a CAGR of 4.0% during 2022-2031

What are the prominent drivers of the gas turbine market?

Rise in consumption of electricity and efficient and stable energy generation capacity of gas turbines

How is the heavy-duty gas turbine technology segment performing in the overall gas turbine market?

The heavy-duty gas turbine segment accounted for maximum share of the market in 2021

How promising is Asia Pacific in the gas turbine market?

Asia Pacific is likely to be the most lucrative region of the global market during the forecast period

Who are the prominent players in the gas turbine market?

Kawasaki Heavy Industries, Ltd., Siemens Energy AG, Capstone Green Energy Corporation, General Electric Company, Ansaldo Energia S.p.A., Mitsubishi Heavy Industries, Ltd., United Engine Corporation, Rolls-Royce Holdings plc, Harbin Electric Machinery Company Limited, OPRA Turbines, Solar Turbines Incorporated, Bharat Heavy Electricals Limited, Centrax Gas Turbines, and MTU Aero Engines AG.

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions

3. Research Methodology

4. Executive Summary

5. Market Overview

    5.1. Market Dynamics

        5.1.1. Drivers

        5.1.2. Restraints

        5.1.3. Opportunities

    5.2. Key Trends Analysis

        5.2.1. Demand Side Analysis

        5.2.2. Supply Side Analysis

    5.3. Key Market Indicators

        5.3.1. End-use Industry Overview

    5.4. Porter’s Five Forces Analysis

    5.5. Value Chain Analysis

    5.6. Industry SWOT Analysis

    5.7. COVID-19 Impact Analysis

    5.8. Regulatory Frame Work

    5.9. Technological Roadmap

    5.10. Global Gas Turbine Market Analysis and Forecast, 2017 - 2031

        5.10.1. Market Value Projections (US$ Bn)

        5.10.2. Market Volume Projections (Thousand Units)

6. Global Gas Turbine Market Analysis and Forecast, by Type

    6.1. Global Gas Turbine Market Size (US$ Bn and Thousand Units), by Type, 2017 - 2031

        6.1.1. Turbojet

        6.1.2. Turboprop

        6.1.3. Turbofan

        6.1.4. Afterburning Turbojet

    6.2. Incremental Opportunity, By Type

7. Global Gas Turbine Market Analysis and Forecast, by Capacity

    7.1. Global Gas Turbine Market Size (US$ Bn and Thousand Units), by Capacity, 2017 - 2031

        7.1.1. Below 40 MW

        7.1.2. 41-120 MW

        7.1.3. 121-300 MW

        7.1.4. 301 MW and Above

    7.2. Incremental Opportunity, By Capacity

8. Global Gas Turbine Market Analysis and Forecast, by Technology

    8.1. Global Gas Turbine Market Size (US$ Bn and Thousand Units), by Technology, 2017 - 2031

        8.1.1. Heavy-duty Gas Turbine

        8.1.2. Industrial Gas Turbine

        8.1.3. Aero-derivative Gas Turbine

    8.2. Incremental Opportunity, By Weight

9. Global Gas Turbine Market Analysis and Forecast, by Cycle

    9.1. Global Gas Turbine Market Size (US$ Bn and Thousand Units), by Cycle, 2017 - 2031

        9.1.1. Open Cycle

        9.1.2. Combined Cycle

    9.2. Incremental Opportunity, By Cycle

10. Global Gas Turbine Market Analysis and Forecast, by Application

    10.1. Global Gas Turbine Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031

        10.1.1. Electric Power Generation

        10.1.2. Industrial Usage

        10.1.3. Marine Propulsion

        10.1.4. Locomotive Propulsion

        10.1.5. Automotive Propulsion

    10.2. Incremental Opportunity, By Application

11. Global Gas Turbine Market Analysis and Forecast, Region

    11.1. Global Gas Turbine Market Size (US$ Bn and Thousand Units), by Region, 2017 - 2031

        11.1.1. North America

        11.1.2. Europe

        11.1.3. Asia Pacific

        11.1.4. Middle East & Africa

        11.1.5. South America

    11.2. Incremental Opportunity, By Region

12. North America Gas Turbine Market Analysis and Forecast

    12.1. Regional Snapshot

    12.2. Key Supplier Analysis

    12.3. Price Trend Analysis

        12.3.1. Weighted Average Selling Price (US$)

    12.4. Key Trends Analysis

        12.4.1. Demand Side Analysis

        12.4.2. Supply Side Analysis

    12.5. COVID-19 Impact Analysis

    12.6. Gas Turbine Market Size (US$ Bn and Thousand Units), by Type, 2017 - 2031

        12.6.1. Turbojet

        12.6.2. Turboprop

        12.6.3. Turbofan

        12.6.4. Afterburning Turbojet

    12.7. Gas Turbine Market Size (US$ Bn and Thousand Units), by Capacity, 2017 - 2031

        12.7.1. Below 40 MW

        12.7.2. 40-120 MW

        12.7.3. 121-300 MW

        12.7.4. 301 MW and Above

    12.8. Gas Turbine Market Size (US$ Bn and Thousand Units), by Technology, 2017 - 2031

        12.8.1. Heavy-duty Gas Turbine

        12.8.2. Industrial Gas Turbine

        12.8.3. Aero-derivative Gas Turbine

    12.9. Gas Turbine Market Size (US$ Bn and Thousand Units), by Cycle, 2017 - 2031

        12.9.1. Open Cycle

        12.9.2. Combined Cycle

    12.10. Gas Turbine Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031

        12.10.1. Electric Power Generation

        12.10.2. Industrial Usage

        12.10.3. Marine Propulsion

        12.10.4. Locomotive Propulsion

        12.10.5. Automotive Propulsion

    12.11. Gas Turbine Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017 - 2031

        12.11.1. U.S.

        12.11.2. Canada

        12.11.3. Rest of North America

    12.12. Incremental Opportunity Analysis

13. Europe Gas Turbine Market Analysis and Forecast

    13.1. Regional Snapshot

    13.2. Key Supplier Analysis

    13.3. Price Trend Analysis

        13.3.1. Weighted Average Selling Price (US$)

    13.4. Key Trends Analysis

        13.4.1. Demand Side Analysis

        13.4.2. Supply Side Analysis

    13.5. COVID-19 Impact Analysis

    13.6. Gas Turbine Market Size (US$ Bn and Thousand Units), by Type, 2017 - 2031

        13.6.1. Turbojet

        13.6.2. Turboprop

        13.6.3. Turbofan

        13.6.4. Afterburning Turbojet

    13.7. Gas Turbine Market Size (US$ Bn and Thousand Units), by Capacity, 2017 - 2031

        13.7.1. Below 40 MW

        13.7.2. 40-120 MW

        13.7.3. 121-300 MW

        13.7.4. 301 MW and Above

    13.8. Gas Turbine Market Size (US$ Bn and Thousand Units), by Technology, 2017 - 2031

        13.8.1. Heavy-duty Gas Turbine

        13.8.2. Industrial Gas Turbine

        13.8.3. Aero-derivative Gas Turbine

    13.9. Gas Turbine Market Size (US$ Bn and Thousand Units), by Cycle, 2017 - 2031

        13.9.1. Open Cycle

        13.9.2. Combined Cycle

    13.10. Gas Turbine Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031

        13.10.1. Electric Power Generation

        13.10.2. Industrial Usage

        13.10.3. Marine Propulsion

        13.10.4. Locomotive Propulsion

    13.11. Gas Turbine Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017 - 2031

        13.11.1. U.K.

        13.11.2. Germany

        13.11.3. France

        13.11.4. Rest of Europe

    13.12. Incremental Opportunity Analysis

14. Asia Pacific Gas Turbine Market Analysis and Forecast

    14.1. Regional Snapshot

    14.2. Key Supplier Analysis

    14.3. Price Trend Analysis

        14.3.1. Weighted Average Selling Price (US$)

    14.4. Key Trends Analysis

        14.4.1. Demand Side Analysis

        14.4.2. Supply Side Analysis

    14.5. COVID-19 Impact Analysis

    14.6. Gas Turbine Market Size (US$ Bn and Thousand Units), by Type, 2017 - 2031

        14.6.1. Turbojet

        14.6.2. Turboprop

        14.6.3. Turbofan

        14.6.4. Afterburning Turbojet

    14.7. Gas Turbine Market Size (US$ Bn and Thousand Units), by Capacity, 2017 - 2031

        14.7.1. Below 40 MW

        14.7.2. 40-120 MW

        14.7.3. 121-300 MW

        14.7.4. 301 MW and Above

    14.8. Gas Turbine Market Size (US$ Bn and Thousand Units), by Technology, 2017 - 2031

        14.8.1. Heavy-duty Gas Turbine

        14.8.2. Industrial Gas Turbine

        14.8.3. Aero-derivative Gas Turbine

    14.9. Gas Turbine Market Size (US$ Bn and Thousand Units), by Cycle, 2017 - 2031

        14.9.1. Open Cycle

        14.9.2. Combined Cycle

    14.10. Gas Turbine Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031

        14.10.1. Electric Power Generation

        14.10.2. Industrial Usage

        14.10.3. Marine Propulsion

        14.10.4. Locomotive Propulsion

    14.11. Gas Turbine Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017 - 2031

        14.11.1. China

        14.11.2. India

        14.11.3. Japan

        14.11.4. Rest of Asia Pacific

    14.12. Incremental Opportunity Analysis

15. Middle East & Africa Gas Turbine Market Analysis and Forecast

    15.1. Regional Snapshot

    15.2. Key Supplier Analysis

    15.3. Price Trend Analysis

        15.3.1. Weighted Average Selling Price (US$)

    15.4. Key Trends Analysis

        15.4.1. Demand Side Analysis

        15.4.2. Supply Side Analysis

    15.5. COVID-19 Impact Analysis

    15.6. Gas Turbine Market Size (US$ Bn and Thousand Units), by Type, 2017 - 2031

        15.6.1. Turbojet

        15.6.2. Turboprop

        15.6.3. Turbofan

        15.6.4. Afterburning Turbojet

    15.7. Gas Turbine Market Size (US$ Bn and Thousand Units), by Capacity, 2017 - 2031

        15.7.1. Below 40 MW

        15.7.2. 40-120 MW

        15.7.3. 121-300 MW

        15.7.4. 301 MW and Above

    15.8. Gas Turbine Market Size (US$ Bn and Thousand Units), by Technology, 2017 - 2031

        15.8.1. Heavy-duty Gas Turbine

        15.8.2. Industrial Gas Turbine

        15.8.3. Aero-derivative Gas Turbine

    15.9. Gas Turbine Market Size (US$ Bn and Thousand Units), by Cycle, 2017 - 2031

        15.9.1. Open Cycle

        15.9.2. Combined Cycle

    15.10. Gas Turbine Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031

        15.10.1. Electric Power Generation

        15.10.2. Industrial Usage

        15.10.3. Marine Propulsion

        15.10.4. Locomotive Propulsion

    15.11. Gas Turbine Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017 - 2031

        15.11.1. GCC

        15.11.2. South Africa

        15.11.3. Rest of Middle East & Africa

    15.12. Incremental Opportunity Analysis

16. South America Gas Turbine Market Analysis and Forecast

    16.1. Regional Snapshot

    16.2. Key Supplier Analysis

    16.3. Price Trend Analysis

        16.3.1. Weighted Average Selling Price (US$)

    16.4. Key Trends Analysis

        16.4.1. Demand Side Analysis

        16.4.2. Supply Side Analysis

    16.5. COVID-19 Impact Analysis

    16.6. Gas Turbine Market Size (US$ Bn and Thousand Units), by Type, 2017 - 2031

        16.6.1. Turbojet

        16.6.2. Turboprop

        16.6.3. Turbofan

        16.6.4. Afterburning Turbojet

    16.7. Gas Turbine Market Size (US$ Bn and Thousand Units), by Capacity, 2017 - 2031

        16.7.1. Below 40 MW

        16.7.2. 40-120 MW

        16.7.3. 121-300 MW

        16.7.4. 301 MW and Above

    16.8. Gas Turbine Market Size (US$ Bn and Thousand Units), by Technology, 2017 - 2031

        16.8.1. Heavy-duty Gas Turbine

        16.8.2. Industrial Gas Turbine

        16.8.3. Aero-derivative Gas Turbine

    16.9. Gas Turbine Market Size (US$ Bn and Thousand Units), by Cycle, 2017 - 2031

        16.9.1. Open Cycle

        16.9.2. Combined Cycle

    16.10. Gas Turbine Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031

        16.10.1. Electric Power Generation

        16.10.2. Industrial Usage

        16.10.3. Marine Propulsion

        16.10.4. Locomotive Propulsion

    16.11. Gas Turbine Market Size (US$ Bn and Thousand Units), by Country/Sub-region, 2017 - 2031

        16.11.1. Brazil

        16.11.2. Rest of South America

    16.12. Incremental Opportunity Analysis

17. Competition Landscape

    17.1. Market Player – Competition Dashboard

    17.2. Market Share Analysis (%), 2021

    17.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Financial/Revenue, Strategy & Business Overview, Sales Channel Analysis, Size Portfolio)

        17.3.1. Kawasaki Heavy Industries, Ltd.

            17.3.1.1. Company Overview

            17.3.1.2. Sales Area/Geographical Presence

            17.3.1.3. Financial/Revenue

            17.3.1.4. Strategy & Business Overview

            17.3.1.5. Sales Channel Analysis

            17.3.1.6. Size Portfolio

        17.3.2. Siemens Energy AG

            17.3.2.1. Company Overview

            17.3.2.2. Sales Area/Geographical Presence

            17.3.2.3. Financial/Revenue

            17.3.2.4. Strategy & Business Overview

            17.3.2.5. Sales Channel Analysis

            17.3.2.6. Size Portfolio

        17.3.3. Capstone Green Energy Corporation

            17.3.3.1. Company Overview

            17.3.3.2. Sales Area/Geographical Presence

            17.3.3.3. Financial/Revenue

            17.3.3.4. Strategy & Business Overview

            17.3.3.5. Sales Channel Analysis

            17.3.3.6. Size Portfolio

        17.3.4. General Electric Company

            17.3.4.1. Company Overview

            17.3.4.2. Sales Area/Geographical Presence

            17.3.4.3. Financial/Revenue

            17.3.4.4. Strategy & Business Overview

            17.3.4.5. Sales Channel Analysis

            17.3.4.6. Size Portfolio

        17.3.5. Ansaldo Energia S.p.A.

            17.3.5.1. Company Overview

            17.3.5.2. Sales Area/Geographical Presence

            17.3.5.3. Financial/Revenue

            17.3.5.4. Strategy & Business Overview

            17.3.5.5. Sales Channel Analysis

            17.3.5.6. Size Portfolio

        17.3.6. Mitsubishi Heavy Industries, Ltd.

            17.3.6.1. Company Overview

            17.3.6.2. Sales Area/Geographical Presence

            17.3.6.3. Financial/Revenue

            17.3.6.4. Strategy & Business Overview

            17.3.6.5. Sales Channel Analysis

            17.3.6.6. Size Portfolio

        17.3.7. United Engine Corporation

            17.3.7.1. Company Overview

            17.3.7.2. Sales Area/Geographical Presence

            17.3.7.3. Financial/Revenue

            17.3.7.4. Strategy & Business Overview

            17.3.7.5. Sales Channel Analysis

            17.3.7.6. Size Portfolio

        17.3.8. Rolls-Royce Holdings plc

            17.3.8.1. Company Overview

            17.3.8.2. Sales Area/Geographical Presence

            17.3.8.3. Financial/Revenue

            17.3.8.4. Strategy & Business Overview

            17.3.8.5. Sales Channel Analysis

            17.3.8.6. Size Portfolio

        17.3.9. Harbin Electric Machinery Company Limited

            17.3.9.1. Company Overview

            17.3.9.2. Sales Area/Geographical Presence

            17.3.9.3. Financial/Revenue

            17.3.9.4. Strategy & Business Overview

            17.3.9.5. Sales Channel Analysis

            17.3.9.6. Size Portfolio

        17.3.10. OPRA Turbines

            17.3.10.1. Company Overview

            17.3.10.2. Sales Area/Geographical Presence

            17.3.10.3. Financial/Revenue

            17.3.10.4. Strategy & Business Overview

            17.3.10.5. Sales Channel Analysis

            17.3.10.6. Size Portfolio

        17.3.11. Solar Turbines Incorporated

            17.3.11.1. Company Overview

            17.3.11.2. Sales Area/Geographical Presence

            17.3.11.3. Financial/Revenue

            17.3.11.4. Strategy & Business Overview

            17.3.11.5. Sales Channel Analysis

            17.3.11.6. Size Portfolio

        17.3.12. Bharat Heavy Electricals Limited

            17.3.12.1. Company Overview

            17.3.12.2. Sales Area/Geographical Presence

            17.3.12.3. Financial/Revenue

            17.3.12.4. Strategy & Business Overview

            17.3.12.5. Sales Channel Analysis

            17.3.12.6. Size Portfolio

        17.3.13. Centrax Gas Turbines

            17.3.13.1. Company Overview

            17.3.13.2. Sales Area/Geographical Presence

            17.3.13.3. Financial/Revenue

            17.3.13.4. Strategy & Business Overview

            17.3.13.5. Sales Channel Analysis

            17.3.13.6. Size Portfolio

        17.3.14. MTU Aero Engines AG

            17.3.14.1. Company Overview

            17.3.14.2. Sales Area/Geographical Presence

            17.3.14.3. Financial/Revenue

            17.3.14.4. Strategy & Business Overview

            17.3.14.5. Sales Channel Analysis

            17.3.14.6. Size Portfolio

18. Key Takeaway

    18.1. Identification of Potential Market Spaces

        18.1.1. Type

        18.1.2. Capacity

        18.1.3. Technology

        18.1.4. Cycle

        18.1.5. Application

        18.1.6. Geography

    18.2. Understanding the Buying Process of Customers

    18.3. Preferred Sales & Marketing Strategy

List of Tables

Table 1: Global Gas Turbine Market, by Type, Thousand Units, 2017-2031

Table 2: Global Gas Turbine Market, by Type, US$ Bn, 2017-2031

Table 3: Global Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Table 4: Global Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Table 5: Global Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Table 6: Global Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Table 7: Global Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Table 8: Global Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Table 9: Global Gas Turbine Market, by Application, Thousand Units, 2017-2031

Table 10: Global Gas Turbine Market, by Application, US$ Bn, 2017-2031

Table 11: Global Gas Turbine Market, by Region, Thousand Units, 2017-2031

Table 12: Global Gas Turbine Market, by Region, US$ Bn, 2017-2031

Table 13: North America Gas Turbine Market, by Type, Thousand Units, 2017-2031

Table 14: North America Gas Turbine Market, by Type, US$ Bn, 2017-2031

Table 15: North America Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Table 16: North America Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Table 17: North America Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Table 18: North America Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Table 19: North America Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Table 20: North America Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Table 21: North America Gas Turbine Market, by Application, Thousand Units, 2017-2031

Table 22: North America Gas Turbine Market, by Application, US$ Bn, 2017-2031

Table 23: North America Gas Turbine Market, by Country/Sub-region, Thousand Units, 2017-2031

Table 24: North America Gas Turbine Market, by Country/Sub-region, US$ Bn, 2017-2031

Table 25: Europe Gas Turbine Market, by Type, Thousand Units, 2017-2031

Table 26: Europe Gas Turbine Market, by Type, US$ Bn, 2017-2031

Table 27: Europe Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Table 28: Europe Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Table 29: Europe Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Table 30: Europe Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Table 31: Europe Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Table 32: Europe Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Table 33: Europe Gas Turbine Market, by Application, Thousand Units, 2017-2031

Table 34: Europe Gas Turbine Market, by Application, US$ Bn, 2017-2031

Table 35: Europe Gas Turbine Market, by Country/Sub-region, Thousand Units, 2017-2031

Table 36: Europe Gas Turbine Market, by Country/Sub-region, US$ Bn, 2017-2031

Table 37: Asia Pacific Gas Turbine Market, by Type, Thousand Units, 2017-2031

Table 38: Asia Pacific Gas Turbine Market, by Type, US$ Bn, 2017-2031

Table 39: Asia Pacific Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Table 40: Asia Pacific Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Table 41: Asia Pacific Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Table 42: Asia Pacific Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Table 43: Asia Pacific Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Table 44: Asia Pacific Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Table 45: Asia Pacific Gas Turbine Market, by Application, Thousand Units, 2017-2031

Table 46: Asia Pacific Gas Turbine Market, by Application, US$ Bn, 2017-2031

Table 47: Asia Pacific Gas Turbine Market, by Country/Sub-region, Thousand Units, 2017-2031

Table 48: Asia Pacific Gas Turbine Market, by Country/Sub-region, US$ Bn, 2017-2031

Table 49: Middle East & Africa Gas Turbine Market, by Type, Thousand Units, 2017-2031

Table 50: Middle East & Africa Gas Turbine Market, by Type, US$ Bn, 2017-2031

Table 51: Middle East & Africa Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Table 52: Middle East & Africa Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Table 53: Middle East & Africa Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Table 54: Middle East & Africa Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Table 55: Middle East & Africa Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Table 56: Middle East & Africa Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Table 57: Middle East & Africa Gas Turbine Market, by Application, Thousand Units, 2017-2031

Table 58: Middle East & Africa Gas Turbine Market, by Application, US$ Bn, 2017-2031

Table 59: Middle East & Africa Gas Turbine Market, by Country/Sub-region, Thousand Units, 2017-2031

Table 60: Middle East & Africa Gas Turbine Market, by Country/Sub-region, US$ Bn, 2017-2031

Table 61: South America Gas Turbine Market, by Type, Thousand Units, 2017-2031

Table 62: South America Gas Turbine Market, by Type, US$ Bn, 2017-2031

Table 63: South America Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Table 64: South America Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Table 65: South America Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Table 66: South America Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Table 67: South America Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Table 68: South America Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Table 69: South America Gas Turbine Market, by Application, Thousand Units, 2017-2031

Table 70: South America Gas Turbine Market, by Application, US$ Bn, 2017-2031

Table 71: South America Gas Turbine Market, by Country/Sub-region, Thousand Units, 2017-2031

Table 72: South America Gas Turbine Market, by Country/Sub-region, US$ Bn, 2017-2031

List of Figures

Figure 1: Global Gas Turbine Market, by Type, Thousand Units, 2017-2031

Figure 2: Global Gas Turbine Market, by Type, US$ Bn, 2017-2031

Figure 3: Global Gas Turbine Market Incremental Opportunity, by Type, US$ Bn, 2017-2031

Figure 4: Global Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Figure 5: Global Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Figure 6: Global Gas Turbine Market Incremental Opportunity, by Capacity, US$ Bn, 2017-2031

Figure 7: Global Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Figure 8: Global Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Figure 9: Global Gas Turbine Market Incremental Opportunity, by Technology, US$ Bn, 2017-2031

Figure 10: Global Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Figure 11: Global Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Figure 12: Global Gas Turbine Market Incremental Opportunity, by Cycle, US$ Bn, 2017-2031

Figure 13: Global Gas Turbine Market, by Application, Thousand Units, 2017-2031

Figure 14: Global Gas Turbine Market, by Application, US$ Bn, 2017-2031

Figure 15: Global Gas Turbine Market Incremental Opportunity, by Application, US$ Bn, 2017-2031

Figure 16: Global Gas Turbine Market, by Region, Thousand Units, 2017-2031

Figure 17: Global Gas Turbine Market, by Region, US$ Bn, 2017-2031

Figure 18: Global Gas Turbine Market Incremental Opportunity, by Region, US$ Bn, 2017-2031

Figure 19: North America Gas Turbine Market, by Type, Thousand Units, 2017-2031

Figure 20: North America Gas Turbine Market, by Type, US$ Bn, 2017-2031

Figure 21: North America Gas Turbine Market Incremental Opportunity, by Type, US$ Bn, 2017-2031

Figure 22: North America Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Figure 23: North America Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Figure 24: North America Gas Turbine Market Incremental Opportunity, by Capacity, US$ Bn, 2017-2031

Figure 25: North America Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Figure 26: North America Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Figure 27: North America Gas Turbine Market Incremental Opportunity, by Technology, US$ Bn, 2017-2031

Figure 28: North America Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Figure 29: North America Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Figure 30: North America Gas Turbine Market Incremental Opportunity, by Cycle, US$ Bn, 2017-2031

Figure 31: North America Gas Turbine Market, by Application, Thousand Units, 2017-2031

Figure 32: North America Gas Turbine Market, by Application, US$ Bn, 2017-2031

Figure 33: North America Gas Turbine Market Incremental Opportunity, by Application, US$ Bn, 2017-2031

Figure 34: North America Gas Turbine Market, by Country/Sub-region, Thousand Units, 2017-2031

Figure 35: North America Gas Turbine Market, by Country/Sub-region, US$ Bn, 2017-2031

Figure 36: North America Gas Turbine Market Incremental Opportunity, by Country/Sub-region, US$ Bn, 2017-2031

Figure 37: Europe Gas Turbine Market, by Type, Thousand Units, 2017-2031

Figure 38: Europe Gas Turbine Market, by Type, US$ Bn, 2017-2031

Figure 39: Europe Gas Turbine Market Incremental Opportunity, by Type, US$ Bn, 2017-2031

Figure 40: Europe Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Figure 41: Europe Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Figure 42: Europe Gas Turbine Market Incremental Opportunity, by Capacity, US$ Bn, 2017-2031

Figure 43: Europe Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Figure 44: Europe Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Figure 45: Europe Gas Turbine Market Incremental Opportunity, by Technology, US$ Bn, 2017-2031

Figure 46: Europe Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Figure 47: Europe Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Figure 48: Europe Gas Turbine Market Incremental Opportunity, by Cycle, US$ Bn, 2017-2031

Figure 49: Europe Gas Turbine Market, by Application, Thousand Units, 2017-2031

Figure 50: Europe Gas Turbine Market, by Application, US$ Bn, 2017-2031

Figure 51: Europe Gas Turbine Market Incremental Opportunity, by Application, US$ Bn, 2017-2031

Figure 52: Europe Gas Turbine Market, by Country/Sub-region, Thousand Units, 2017-2031

Figure 53: Europe Gas Turbine Market, by Country/Sub-region, US$ Bn, 2017-2031

Figure 54: Europe Gas Turbine Market Incremental Opportunity, by Country/Sub-region, US$ Bn, 2017-2031

Figure 55: Asia Pacific Gas Turbine Market, by Type, Thousand Units, 2017-2031

Figure 56: Asia Pacific Gas Turbine Market, by Type, US$ Bn, 2017-2031

Figure 57: Asia Pacific Gas Turbine Market Incremental Opportunity, by Type, US$ Bn, 2017-2031

Figure 58: Asia Pacific Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Figure 59: Asia Pacific Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Figure 60: Asia Pacific Gas Turbine Market Incremental Opportunity, by Capacity, US$ Bn, 2017-2031

Figure 61: Asia Pacific Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Figure 62: Asia Pacific Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Figure 63: Asia Pacific Gas Turbine Market Incremental Opportunity, by Technology, US$ Bn, 2017-2031

Figure 64: Asia Pacific Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Figure 65: Asia Pacific Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Figure 66: Asia Pacific Gas Turbine Market Incremental Opportunity, by Cycle, US$ Bn, 2017-2031

Figure 67: Asia Pacific Gas Turbine Market, by Application, Thousand Units, 2017-2031

Figure 68: Asia Pacific Gas Turbine Market, by Application, US$ Bn, 2017-2031

Figure 69: Asia Pacific Gas Turbine Market Incremental Opportunity, by Application, US$ Bn, 2017-2031

Figure 70: Asia Pacific Gas Turbine Market, by Country/Sub-region, Thousand Units, 2017-2031

Figure 71: Asia Pacific Gas Turbine Market, by Country/Sub-region, US$ Bn, 2017-2031

Figure 72: Asia Pacific Gas Turbine Market Incremental Opportunity, by Country/Sub-region, US$ Bn, 2017-2031

Figure 73: Middle East & Africa Gas Turbine Market, by Type, Thousand Units, 2017-2031

Figure 74: Middle East & Africa Gas Turbine Market, by Type, US$ Bn, 2017-2031

Figure 75: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Type, US$ Bn, 2017-2031

Figure 76: Middle East & Africa Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Figure 77: Middle East & Africa Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Figure 78: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Capacity, US$ Bn, 2017-2031

Figure 79: Middle East & Africa Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Figure 80: Middle East & Africa Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Figure 81: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Technology, US$ Bn, 2017-2031

Figure 82: Middle East & Africa Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Figure 83: Middle East & Africa Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Figure 84: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Cycle, US$ Bn, 2017-2031

Figure 85: Middle East & Africa Gas Turbine Market, by Application, Thousand Units, 2017-2031

Figure 86: Middle East & Africa Gas Turbine Market, by Application, US$ Bn, 2017-2031

Figure 87: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Application, US$ Bn, 2017-2031

Figure 88: Middle East & Africa Gas Turbine Market, by Country/Sub-region, Thousand Units, 2017-2031

Figure 89: Middle East & Africa Gas Turbine Market, by Country/Sub-region, US$ Bn, 2017-2031

Figure 90: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Country/Sub-region, US$ Bn, 2017-2031

Figure 91: South America Gas Turbine Market, by Type, Thousand Units, 2017-2031

Figure 92: South America Gas Turbine Market, by Type, US$ Bn, 2017-2031

Figure 93: South America Gas Turbine Market Incremental Opportunity, by Type, US$ Bn, 2017-2031

Figure 94: South America Gas Turbine Market, by Capacity, Thousand Units, 2017-2031

Figure 95: South America Gas Turbine Market, by Capacity, US$ Bn, 2017-2031

Figure 96: South America Gas Turbine Market Incremental Opportunity, by Capacity, US$ Bn, 2017-2031

Figure 97: South America Gas Turbine Market, by Technology, Thousand Units, 2017-2031

Figure 98: South America Gas Turbine Market, by Technology, US$ Bn, 2017-2031

Figure 99: South America Gas Turbine Market Incremental Opportunity, by Technology, US$ Bn, 2017-2031

Figure 100: South America Gas Turbine Market, by Cycle, Thousand Units, 2017-2031

Figure 101: South America Gas Turbine Market, by Cycle, US$ Bn, 2017-2031

Figure 102: South America Gas Turbine Market Incremental Opportunity, by Cycle, US$ Bn, 2017-2031

Figure 103: South America Gas Turbine Market, by Application, Thousand Units, 2017-2031

Figure 104: South America Gas Turbine Market, by Application, US$ Bn, 2017-2031

Figure 105: South America Gas Turbine Market Incremental Opportunity, by Application, US$ Bn, 2017-2031

Figure 106: South America Gas Turbine Market, by Country/Sub-region, Thousand Units, 2017-2031

Figure 107: South America Gas Turbine Market, by Country/Sub-region, US$ Bn, 2017-2031

Figure 108: South America Gas Turbine Market Incremental Opportunity, by Country/Sub-region, US$ Bn, 2017-2031

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