MRO Magazine

The Global Gas Turbines Market – Projected to Reach a Value of $19.6 Billion by 2020 – Research and Markets

January 19, 2016
By Business Wire News


Research and Markets ( has announced the addition of the “Gas Turbines Market by Design Type, Rated Capacity, Application, Technology and Region – Forecast and Trends to 2020” report to their offering.

The global gas turbines market is projected to grow at a CAGR of 3.9% from 2015 to 2020, to reach a value of USD 19.6 Billion by 2020. Increasing availability of natural gas owing to the shale gas boom and higher efficiency & lower carbon emission characteristics of natural gas-fired power plants are the major factors driving the gas turbines market.

Asia-Pacific is currently the largest market for gas turbines, followed by Europe and North America. Japan accounted for a majority share in Asia-Pacific region in 2014 while China is projected to grow at the highest CAGR of 5.5% from 2015 to 2020.

In developing countries such as China and India, factors such as strong growth in demand for electricity fueled by high levels of urbanization, industrialization, & infrastructural developments and subsequent investments in developing new large gas-fired combined cycle power generation, apart from other power plants, would spur the demand for gas turbines.

The demand for gas turbines can be directly linked to the development in gas-fired power plants. However, the production and supply of most of the world’s natural gas is concentrated in a few countries, causing price disparity for importers.

Moreover, supply disruptions are prevailing due to the geo-political tensions and pipelines & related infrastructure issues. Hence, factors such as price disparity in international trade of natural gas and continuing concerns over stable natural gas supply are restraining the market for gas turbines.

Companies Mentioned:

  • Alstom S.A.
  • Ansaldo Energia S.P.A.
  • Bharat Heavy Electricals Limited
  • General Electric Company
  • Harbin Electric International Company Limited
  • Kawasaki Heavy Industries, Ltd.
  • Man Diesel & Turbo SE
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Opra Turbines B.V.
  • Siemens AG
  • Solar Turbines Incorporated
  • Vericor Power Systems LLC

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Gas Turbines Market, By Design Type

7 Gas Turbines Market, By Rated Capacity

8 Gas Turbines Market, By Application

9 Gas Turbines Market, By Technology

10 Gas Turbines Market, By Region

11 Competitive Landscape

12 Company Profiles

For more information visit

Research and Markets
Laura Wood, Senior Manager
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