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The global gas turbine market for power generation is expected to reach an estimated $13.2 billion by 2021 at a CAGR of 3.3% during the forecast period (from 2016 to 2021). The major drivers for the growth of gas turbine market are increasing focus on relatively cleaner energy sources and growing investment in gas-fired power gene

ration due to its lower cost of generating electricity. 

Emerging trends, which have a direct impact on the dynamics of the gas turbine industry, include increasing focus on gas turbine advancement in order to raise efficiency and development of high temper

ature materials for turbines.

A total of 69 figures / charts and 18 tables are provided in this 94-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this gas turbine market report, download the report brochure.
Gas Turbine Market For Power Generation Industry ForecastGrowth Opportunities in Gas Turbine Market For Power Generation Industry
The study includes a forecast for the growth opportunities in the global gas turbine market for power generation by turbine size and region as follows:
 
Gas turbine market by turbine size [Volume (GW) and Value ($ billion) from 2010 to 2021]: 
  • 1 - 60 MW
  • 61 -180 MW
  • More than 180 MW
 
Gas turbine market by region [Volume (GW) and Value ($ billion) from 2010 to 2021]:
  • North America 
  • Europe
  • APAC
  • ROW
Gas turbine companies profiled in this market report include General Electric, Siemens, and Mitsubishi Heavy Industries. Some gas turbine suppliers are opting for M&A as a strategic initiative for driving growth.
 
On the basis of comprehensive research, Lucintel forecasts that the gas turbine with size of ‘more than 180 MW’ is expected to show above average growth during the forecast period. In this market, 1-60 MW, 61-180 MW, and more than 180 MW are the turbine sizes used for power generation. Within the gas turbine market, the ’61 MW to 180 MW’ turbine size is expected to remain the largest segment by both value and volume. High efficiency and low cost per MW are the major factors, which would spur growth for this segment over the forecast period. 
 
ROW is expected to remain the largest market and is expected to witness the highest growth over the forecast period due to large scale demand for natural gas based power generation in the region. 
 
Some of the features of this report:

  • Market size estimates: Growth opportunities in the global gas turbine market size estimation in terms of value ($B) and volume (GW) shipment.
  • Trend and forecast analysis: Global gas turbine market trend (2010-2015) and forecast (2016-2021) by region and segment.
  • Segmentation analysis: Global gas turbine market size by turbine size such as 1-60 MW, 61-180 M, and more than 180 MW 
  • Regional analysis: Global gas turbine market breakdown by key regions such as North America, Europe, APAC, and ROW.
  • Growth opportunities: Analysis on growth opportunities in different turbine size and regions 
  • Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies in the global gas turbine market for power generation.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
 
This report answers following 11 key questions:

 
Q.1. What are some of the most promising, high-growth opportunities for gas turbine market for power generation by turbine size (1 MW to 60 MW, 61 MW to 180 MW, and more than 180 MW) and region (North America, Europe, APAC, and ROW )? 
Q.2. Which segment will grow at a faster pace and why? 
Q.3. Which region will grow at a faster pace and why? 
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in gas turbine market? 
Q.5. What are the business risks and competitive threats in gas turbine market?
Q.6. What are emerging trends in this gas turbine market and reasons behind them? 
Q.7. What are some of the changing demands of customers in the market? 
Q.8. What are the new developments in the market and gas turbine companies are leading these developments? 
Q.9. Who are the major gas turbine manufacturers? What strategic initiatives are being taken by key players for business growth? 
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M & A activity by the major gas turbine suppliers in the last 5 years? And what is its impact on the industry?
 

Table of Contents
 
1. Executive Summary
 
2. Industry Background and Classifications
2.1: Introduction to Gas Turbine
2.2: Recent Developments
2.3: Supply Chain
 
3. Market Trends and Forecast Analysis
3.1: Market Analysis: 2015
3.1.1: Gas Turbine Market by Region 
3.1.2: Regional Gas Turbine Market by Turbine Size in 2015
3.1.3: Global Gas Turbine Market by Turbine Size in 2015
3.2: Market Trends: 2010-2015
3.2.1: Macroeconomic Trends
3.2.2: Trends of the Global Gas Turbine Market for Power Generation by Value and Volume 
3.2.3: Gas Turbine Market Trends by Region: 2010-2015
3.2.4: Gas Turbine Market Trends by Turbine Size: 2010-2015
  • 1 - 60 MW
  • 61 -180 MW
  • More than 180 MW
3.2.5: Market Drivers and Challenges
3.3: Market Forecast 2016–2021
3.3.1: Macroeconomic Forecast
3.3.2: Forecast for the Global Gas Turbine Market for Power Generation by Value and Volume
3.3.3: Regional Market Forecast for Gas Turbines: 2016-2021
3.3.4: Global Gas Turbine Market Forecast by Turbine Size: 2016-2021
  • 1 - 60 MW
  • 61 -180 MW
  • More than 180 MW
4. Competitor Analysis
4.1: Product Portfolio Analysis of Gas Turbine Suppliers
4.2: Market Share Analysis
4.3: Geographical Reach
4.4: Operational Integration
4.5: Porter’s Five Forces Analysis
 
5. Growth Opportunity and Strategic Analysis
5.1: Growth Opportunities in the Global Gas Turbine Market
5.1.1: Growth Opportunities for Gas Turbine Market by Region
5.1.2: Growth Opportunities for Gas Turbine Market by Turbine Size
5.2: Emerging Trends in the Global Gas Turbine Market 
5.3: Strategic Analysis
5.3.1: New Product Development by Competitors
5.3.2: Capacity Expansion in Gas Turbine Market for Power Generation
5.3.3: Technology Development
5.3.4: Mergers and Acquisitions in the Global Gas Turbine Market for Power Generation
 
6. Company Profiles of Leading Players
 
List of Figures
 
Chapter 2. Industry Background and Classifications
Figure 2.1: Gas Turbine Power Plant
Figure 2.2: Heavy Duty Gas Turbine
Figure 2.3: Components of Gas Turbine
Figure 2.4: Compressor of Gas Turbine
Figure 2.5: Combustor of Gas Turbine
Figure 2.6: Turbine of Gas Turbine
Figure 2.7: Shaft of Gas Turbine
Figure 2.8: Types of Gas Turbine for Power Generation
Figure 2.9: An Open Cycle Unit Diagram
Figure 2.10:  A Proposed Natural Gas Combined Cycle Power Plant in New York
Figure 2.11: A Combined Cycle Unit Diagram
Figure 2.12: Systematic Process of Electricity Generation and Distribution
Figure 2.13: Operation of Combined Cycle Gas Turbine of Eon
Figure 2.14: A Combined Gas-Fired Unit Working
Figure 2.15: Natural Gas-Fired Power Plant (Currant Creek) Near Mona, Utah
Figure 2.16: Supply Chain of the Gas Turbine Market for Power Generation
 
Chapter 3. Market Trends and Forecast Analysis
Figure 3.1: Global Gas Turbine Market ($B) Distribution by Region in 2015
Figure 3.2: Global Gas Turbine Market ($B) by Region in 2015
Figure 3.3: Global Gas Turbine Market (GW) Distribution by Region in 2015
Figure 3.4: Global Gas Turbine Market (GW) by Region in 2015
Figure 3.5: Regional Gas Turbine Market ($B) by Turbine Size in 2015
Figure 3.6: Global Gas Turbine Market Distribution ($B) by Turbine Size in 2015
Figure 3.7: Global Gas Turbine Market ($B) by Turbine Size in 2015
Figure 3.8: Global Gas Turbine Market (GW) Distribution by Turbine Size in 2015
Figure 3.9: Global Gas Turbine Market (GW) by Turbine Size in 2015
Figure 3.10: Trends of the Global GDP Growth Rate
Figure: 3.11 Trends of Regional GDP Growth Rates
Figure: 3.12: Trends of Natural Gas Prices ($/mmbtu) from 2010 to 2015
Figure 3.13: Trends of the Global Gas Turbine Market from 2010 to 2015
Figure 3.14: Trends of the Global Gas Turbine Market ($B) by Region from 2010 to 2015
Figure 3.15: Year-over-Year Growth Rate of the Global Gas Turbine Market ($B) by Region from 2014 to 2015
Figure 3.16: CAGR of the Global Gas Turbine Market ($B) by Region from 2010 to 2015
Figure 3.17: Trends of the Global Gas Turbine Market (GW) by Region from 2010 to 2015
Figure 3.18: Year-over-Year Growth Rate of the Global Gas Turbine Market (GW) by Region from 2014 to 2015
Figure 3.19: CAGR of the Global Gas Turbine Market (GW) by Region from 2010 to 2015
Figure 3.20: Trends of the Global Gas Turbine Market ($B) by Turbine Size from 2010 to 2015
Figure 3.21: Year-over-Year Growth Rate of the Global Gas Turbine Market ($B) by Turbine Size from 2014 to 2015
Figure 3.22: CAGR of the Global Gas Turbine Market ($B) by Turbine Size from 2010 to 2015
Figure 3.23: Trends of the Global Gas Turbine Market (GW) by Turbine Size from 2010 to 2015
Figure 3.24: Year-over-Year Growth Rate of the Global Gas Turbine Market (GW) by Turbine Size from 2014 to 2015
Figure 3.25: CAGR of the Global Gas Turbine Market (GW) by Turbine Size from 2010 to 2015
Figure 3.26: Drivers and Challenges for the Global Gas Turbine Market
Figure 3.27: Forecast of Global GDP Growth Rate
Figure 3.28: Forecast of Regional GDP Growth Rate
Figure 3.29: Trends of Natural Gas Prices ($/mmbtu) from 2016 to 2021
Figure 3.30: Forecast for the Global Gas Turbine Market Forecast from 2016 to 2021
Figure 3.31: Forecast for the Global Gas Turbine Market ($B) by Region from 2016 to 2021
Figure 3.32: Year-over-Year Growth Rate of the Global Gas turbine Market ($B) by Region from 2015 to 2016
Figure 3.33: CAGR of the Gas Turbine Market ($B) by Region from 2016 to 2021
Figure 3.34: Forecast for the Global Gas Turbine Market (GW) by Region from 2016 to 2021
Figure 3.35: Year-over-Year Growth Rate of the Global Gas Turbine Market (GW) by Region from 2015 to 2016
Figure 3.36: CAGR of the Gas Turbine Market (GW) by Region from 2016 to 2021
Figure 3.37: Forecast for the Global Gas Turbine Market ($B) by Turbine Size from 2016 to 2021
Figure 3.38: Year-over-Year Growth Rate of the Global Gas Turbine Market ($B) by Turbine Size from 2015 to 2016
Figure 3.39: CAGR of the Global Gas Turbine Market ($B) by Turbine Size from 2016 to 2021
Figure 3.40: Forecast for the Global Gas Turbine Market (GW) by Turbine Size from 2016 to 2021
Figure 3.41: Year-over-Year Growth Rate of the Global Gas Turbine Market (GW) by Turbine Size from 2015 to 2016
Figure 3.42: CAGR of the Global Gas Turbine Market (GW) by Turbine Size from 2016 to 2021
 
Chapter 4. Competitor Analysis
Figure 4.1: Global Gas Turbine Manufacturers ‘Market Share in 2015
Figure 4.2: Market Share by Top Three Players of the Global Gas Turbine Market in 2015
Figure 4.3: Headquarter Locations of Major Gas Turbine Manufacturers
Figure 4.4: Porter’s Five Forces Analysis for Gas Turbine Market
 
Chapter 5. Growth Opportunity & Strategic Analysis
Figure 5.1: Growth Opportunities in the Gas Turbine Market by Region
Figure 5.2: Growth Opportunities in the Gas Turbine Market by Turbine Size
Figure 5.3: Emerging Trends in the Global Gas Turbine Market
Figure 5.4: Strategic Initiatives by Major Competitors in 2015
Figure 5.5: Strategic Initiatives by Major Competitors in 2014
Figure 5.6: Year-on-Year Study of Strategic Initiatives by Major Competitors in the Global Gas Turbine Market
Figure 5.7: Capacity Expansion of Major Gas Turbine Manufacturers for Power Generation
List of Tables

Chapter 1. Executive Summary
Table 1.1: Parameters and Attributes of the Gas Turbine Market
 
Chapter 2. Industry Background and Classifications
Table 2.1: Developments in the Gas Turbine Market
 
Chapter 3. Market Trends and Forecast Analysis
Table 3.1: Trends of the Global Gas Turbine Market for Power Generation from 2010 to 2015
Table 3.2: Average Growth Rates for One, Three, and Five years in the Global Gas Turbine Market in Terms of Shipment Value
Table 3.3: Market Size and 2014 to 2015 Growth Rates of the Global Gas Turbine Market by Region in Terms of Value and Volume
Table 3.4: Market Size and Compound Annual Growth Rates from 2010-2015 of the Global Gas Turbine Market by Region in Terms of Value and Volume
Table 3.5: Market Size and 2014 to 2015 Growth Rates of the Global Gas Turbine Market by Turbine Size in Terms of Value and Volume
Table 3.6: Market Size and Compound Annual Growth Rates during Last Five Years (2010-2015) of the Global Gas Turbine Market by Turbine Size in Terms of Value and Volume
Table 3.7: Forecast for the Global Gas Turbine Market for Power Generation from 2016 to 2021
Table 3.8: Average Growth Rates for One, Three, and Five years in the Global Gas Turbine Market in Terms of Value Shipment
Table 3.9: Market Size and 2015-2016 Growth Rates in Regional Markets of the Global Gas Turbine Market in Terms of Value and Volume Production
Table 3.10: Market Size and Annual Growth Rates during Forecast Period from 2016 to 2021, in Various Segments of the Global Gas Turbine Market in Terms of Value and Volume
Table 3.11: Market Size and 2015-2016 Growth Rates in Turbine Size of the Global Gas Turbine Market in Terms of Value and Volume Production
Table 3.12: Market Size and Annual Growth Rates during Forecast Period from 2016 to 2021, in Various Segments of the Global Gas Turbine Market in Terms of Value and Volume
 
Chapter 4. Competitor Analysis
Table 4.1: Product Portfolio Analysis of Gas Turbine
Table 4.2: Operational Integration of Gas Turbine Manufacturers
 
Chapter 5. Growth Opportunity & Strategic Analysis
Table 5.1: New Product Launches by Competitors
Table 5.2: Technological Advancement in the Global Gas Turbine Market for Power Generation
 
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Full Report: Gas Turbine Market For Power Generation Market: Trends, Opportunities and Competitive Analysis Full Report $ 4,850
69 figures/charts and 18 tables are provided in this roughly `94 page report.
Chapter - 1: Executive Summary 4 $ 435
1. Executive Summary
Chapter - 2: Industry Background and Classifications 14 $ 218
2. Industry Background and Classifications 
2.1 Introduction to Gas Turbine 
2.2 Recent Developments
2.3 Supply Chain
Chapter - 3: Market Trend and Forecast Analysis 36 $ 3,698
3. Market Trends and Forecast Analysis 
3.1 Market Analysis: 2015 
3.1.1 Gas Turbine Market by Region in 2015 .
3.1.2 Regional Gas Turbine Market by Turbine Size in 2015 
3.1.3 Global Gas Turbine Market by Turbine Size in 2015
3.2 Market Trends: 2010- 2015
3.2.1 Macroeconomic Trends 
3.2.2 Trends of the Global Gas Turbine Market for Power Generation by Value and Volume
3.2.3 Gas Turbine Market Trends by Region: 2010-2015 
3.2.4 Gas Turbine Market Trends by Turbine Size: 2010-2015 
3.2.5 Market Drivers and Challenges 
3.3 Market Forecast 2016-2021 
3.3.1 Macroeconomic Forecast 
3.3.2 Forecast for the Global Gas Turbine Market for Power Generation by Value and Volume 
3.3.3 Regional Market Forecast for Gas Turbines: 2016-2021
3.3.4 Global Gas Turbine Market Forecast by Turbine Size: 2016-2021 
Chapter - 4: Competitor Analysis 8 $ 943
4. Competitor Analysis 
4.1 Product Portfolio Analysis of Gas Turbine Suppliers 
4.2 Market Share Analysis
4.3 Geographical Reach
4.4 Operational Integration
4.5 Porter’s Five Forces Analysis 
Chapter - 5: Growth Opportunity and Strategic Analysis 12 $ 1,088
5. Growth Opportunities and Strategic Analysis 
5.1 Growth Opportunities in the Global Gas Turbine Market
5.1.1 Growth Opportunities for Gas Turbine Market by Region 
5.1.2 Growth Opportunities for Gas Turbine Market by Turbine Size 
5.2 Emerging Trends in the Global Gas Turbine Market 
5.3 Strategic Analysis 
5.3.1 New Product Development by Competitors 
5.3.2 Capacity Expansion in Gas Turbine Market for Power Generation 
5.3.3 Technology Development
5.3.4 Mergers and Acquisitions in the Global Gas Turbine Market for Power Generation
Chapter - 6: Company Profiles of Leading Players 8 $ 870
6. Company Profiles of Leading Players
 
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served 1,000+ clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive search of published works, market and database information with industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges and forecasts in the market. Below is a brief summary of primary interviews conducted by both job function and region.


Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis on it. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of the Lucintel research process.

 

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