One Stop Solution For In-Depth Market Research Reports

詳細な市場調査レポートのワンストップソリューション

Home    >    ENERGY AND POWER   >   Asia-Pacific Gas Turbine Market

[ 英語タイトル ] Asia-Pacific Gas Turbine Market - Growth, Trends, and Forecasts (2020 - 2025)


Product Code : MDEP0087567
Survey : Mordor Intelligence
Publish On : November, 2020
Number of Pages : 100
Category : Energy and Power
Study Area : Asia Pacific
Report format : PDF
Sales price option (consumption tax not included)
Single User USD3750 / Question Form
5 User USD4250 / Question Form
Enterprise User USD7000 / Question Form
 - General Electric Company
 - Mitsubishi Heavy Industries Ltd
 - Siemens AG
 - Kawasaki Heavy Industries Ltd
 - Ansaldo Gas Turbine Technology Co. Ltd
 - Harbin Electric Co Ltd
 - Bharat Heavy Electricals Limited
 - Opra Turbines BV
 - Capstone Turbine Corporation

[Report Description]

The Asia-Pacific gas turbine market is expected to register a CAGR of over 3.5% during the forecast period of 2020–2025. The market is witnessing a significant growth driven by the increasing demand for natural gas-fired power plants, demand for liquefied natural gas (LNG) supplied through both pipelines and ships, increasing demand for electricity, and targets to carbon dioxide emission reductions in major countries. However, increasing shift toward renewable energies, such as solar and wind for power generation, is expected to restrain the growth of the market in the coming years.

- The power generation segment is expected to dominate the market in the forecast period, owing to the increasing demand for clean and efficient power across the world.
- Advancements in technology are crucial to reduce turbine costs and emissions, especially of combined cycle gas turbines, which will be the dominant gas-based technology for intermediate and base-load power generation in the near future. This, in turn, is expected to create significant opportunities in the gas turbine manufacturers in the coming years.
- The power generation segment is expected to dominate the market in the forecast period, owing to the increasing demand for clean and efficient power across the w.

Key Market Trends

The Power Generation Segment is Expected to Dominate the Market

- The demand for electricity is increasing due to urbanization and industrialization. Gas turbines are used in an open cycle and combined cycle plants. Combined cycle power plants are more efficient than steam turbines as they generate more power.
- Gas turbines are used in utilities for baseload standby power and peak load applications. The power generated from combined cycle power plants have lower carbon dioxide emissions and governments are implementing stricter norms on such emissions. Thus, an increase in the demand for natural gas power plants will lead to the growth of the power generation segment.
- The overall electrical efficiency of a combined-cycle power system is typically in the range of 50–60% — a substantial improvement over the efficiency of a simple, open-cycle application of around 33%.

China to Dominate the Market

- Factors, such as the growth in demand for electricity fuelled by high levels of urbanization, industrialization, and infrastructural developments and subsequent investments in developing new large gas-fired combined cycle power generation is expected to spur the demand for gas turbines.
- The Chinese gas turbine market is anticipated to grow, owing to the positive clean energy outlook, coupled with the ongoing expansion of large capacity gas-fired power plants across the nation.
- Leading manufacturers have aligned their focus toward business expansion across the China industry. In 2018, Siemens fetched orders to supply two H-class gas turbines and associated components for the CCHP project of CHD Guangzhou Zengcheng.

Competitive Landscape

The Asia-Pacific gas turbine market is moderately consolidated. Some of the major companies are General Electric Company, Siemens AG, Mitsubishi Heavy Industries Ltd, Kawasaki Heavy Industries Ltd, and Ansaldo Energia SpA.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations

5 MARKET DYNAMICS
5.1 Drivers
5.2 Restraints

6 Supply Chain Analysis

7 Porter's Five Forces Analysis
7.1 Bargaining Power of Suppliers
7.2 Bargaining Power of Consumers
7.3 Threat of New Entrants
7.4 Threat of Substitutes Products and Services
7.5 Intensity of Competitive Rivalry

8 MARKET SEGMENTATION
8.1 Capacity
8.1.1 Less than 30 MW
8.1.2 31-120 MW
8.1.3 Above 120 MW
8.2 Type
8.2.1 Combined Cycle
8.2.2 Open Cycle
8.3 Application
8.3.1 Power
8.3.2 Oil and Gas
8.3.3 Other Industries
8.4 Geography
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia-Pacific

9 COMPETITIVE LANDSCAPE
9.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
9.2 Strategies Adopted by Leading Players

10 Company Profiles
10.1 General Electric Company
10.2 Mitsubishi Heavy Industries Ltd
10.3 Siemens AG
10.4 Kawasaki Heavy Industries Ltd
10.5 Ansaldo Gas Turbine Technology Co. Ltd
10.6 Harbin Electric Co Ltd
10.7 Bharat Heavy Electricals Limited
10.8 Opra Turbines BV
10.9 Capstone Turbine Corporation

11 MARKET OPPORTUNITIES AND FUTURE TRENDS

渋谷データカウント

渋谷データカウントは、最も信頼性が高く最新の調査分析レポートを確実に提供する経験豊富な調査専門家のグローバルチームが提供する、さまざまな業界のさまざまな市場調査レポートを提供する再販代理店です。

Recommended reports

+