Industrial Gas Turbine Market to Witness Robust Expansion Throughout the Forecast Period 2021-2026

July 20, 2021

Stratview Research announces the launch of a new research report on the Industrial Gas Turbine Market is Segmented by Capacity Type (≤70 MW, 70-300 MW, and ≥300 MW), by Product Type (Aeroderivative and Heavy Duty), by Technology Type (Open Cycle and Combined Cycle), by Application Type (Power Generation, Oil & Gas, and Other Manufacturing), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Industrial Gas Turbine Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.

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Report Features                           

The report delivers a detailed view of the industry based on Industrial Gas Turbine Market size, market growth, and opportunities. The report also analyses market key aspects such as-

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Covid-19 Impact analysis.
• Market environment analysis: Growth drivers and constraints, and SWOT analysis.
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players

Highlights from the Report

Industrial Gas Turbine Market is likely to witness a CAGR of 1.8% during the forecast period. Shifting inclination toward energy optimization, renewable energy integration, and restructuring of electrical infrastructure are some of the key factors fueling the growth of the market over the forecast period.

Regional Analysis:

In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period owing to its operational flexibility offered by gas fired plants as compared to coal-fired plants and modernization of infrastructure by investing in gas fired distributed energy. Further, North America is also estimated to witness significant growth in the market owing to increased focus on combined cycle gas turbine power plant capacity additions, fueling the regional market growth over the forecast period.

According to the report, the key players of the market are –

• Ansaldo Energia S.P.A.
• Bharat Heavy Electricals Limited
• Kawasaki Heavy Industries Ltd.
• MAN Energy Solutions SE
• Mitsubishi Hitachi Power Systems, Ltd.
• Opra Turbines B.V.
• Siemens
• UEC Saturn
• Wärtsilä
• Zorya-Mashproekt.

Customization of the Report:

Stratview Research also provides customised reports to meet the client’s requirements. Please connect with our sales team (Email: sales@stratviewresearch.com) to get a customised report that suits your needs. You can also get in touch with our executives on +1-313-307-4176 to share your research requirements.

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Stratview Research publishes high quality, in-depth market research studies, to help clients obtain grainy level clarity on present business trends and probable future developments. At Stratview Research, we are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract perceptible results. We have built our team around this belief, with industry analysts, consultants and domain experts, leveraging their global experience, helping us deliver excellence in all assignments we undertake.

Author : Meha Prasad