TMR's report on the global gas turbine market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031. The report provides revenue of the global gas turbine market for the period 2017-2031, considering 2021 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global gas turbine market from 2022 to 2031.
The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the gas turbine market.
The report delves into the competitive landscape of the global gas turbine market. Key players operating in the global gas turbine market have been identified and each one of these has been profiled, in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are attributes of players in the global gas turbine market profiled in this report.
Table of Contents
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