MRO Magazine

Global Gas Turbine Market to 2020 with Ansaldo Energia, GE, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Siemens & Solar Turbines Dominating – Research and Markets

May 31, 2016
By Business Wire News


Research and Markets has announced the addition of the “Global Gas Turbine Market 2016-2020” report to their offering.

The global gas turbine market to grow at a CAGR of 3.49% during the period 2016-2020.

Global Gas Turbine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The report covers the present scenario and the growth prospects of the global gas turbine market for 2016-2020. The capacity additions of new gas turbines as well as aftermarket gas turbines in various end-user segments and the average price of various types of gas turbines have been considered in determining the market size.

One trend which will positively impact the market is the regulations being enacted by governments worldwide. Concerns about resource depletion, increase in harmful emissions, and stricter regulations for climate change mitigation has increased the focus on technologies that can produce power in a much cleaner and efficient manner.

According to the report, a key growth driver is the increasing efficiency and durability of gas turbines. The increasing efficiency of gas turbines is projected to drive their adoption for power generation applications. Stringent carbon emission regulations worldwide; focus on high performance and lower power generating cost; and volatility in fuel costs are driving demand for highly efficient gas turbines.

Further, the report states that one challenge that could hinder market growth is the risk of volatile natural gas prices.

Key vendors

– Ansaldo Energia

– GE

– Kawasaki Heavy Industries

– Mitsubishi Hitachi Power Systems

– Siemens

– Solar Turbines

Other prominent vendors

– MAN Diesel and Turbo

– Motor Sich

– Niigata Power Systems

– OPRA Turbines

– Power Machines

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market drivers

Part 07: Impact of drivers

Part 08: Market challenges

Part 09: Impact of drivers and challenges

Part 10: Market trends

Part 11: Market segmentation by technology

Part 12: Market segmentation by design type

Part 13: Market segmentation by end-user

Part 14: Geographical segmentation

Part 15: Vendor landscape

Part 16: Key vendor analysis

Part 17: Appendix

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Turbines