Gas Turbine Market Analysis Highlights the Impact of COVID-19 2020-2024 | Enhanced Efficiency and Robustness of Gas Turbines to boost the Market Growth | Technavio
Technavio has been monitoring the gas turbine market and it is poised to grow by USD 2.44 billion during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ansaldo Energia Spa, Bharat Heavy Electricals Ltd., Capstone Turbine Corp., Caterpillar Inc., General Electric Co., IHI Corp., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., OPRA Turbines, and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Enhanced efficiency and robustness of gas turbines have been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gas turbine market report covers the following areas:
Gas Turbine Market Size
Gas Turbine Market Trends
Gas Turbine Market Analysis
This study identifies the development of GTCC and IGCC technologies as one of the prime reasons driving the gas turbine market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist gas turbine market growth during the next five years
Estimation of the gas turbine market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the gas turbine market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of gas turbine market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
Heavy-duty gas turbine - Market size and forecast 2019-2024
Aeroderivative gas turbine - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Technology
Market segments
Comparison by Technology
CCGT - Market size and forecast 2019-2024
OCGT - Market size and forecast 2019-2024
Market opportunity by Technology
Market Segmentation by End-user
Market segments
Comparison by End-user
Power generation - Market size and forecast 2019-2024
Mobility - Market size and forecast 2019-2024
Oil and gas - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End-user
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers ? Demand led growth
Market challenges
Market trends
Vendor Landscape
Vendor landscape
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Ansaldo Energia Spa
Bharat Heavy Electricals Ltd.
Capstone Turbine Corp.
Caterpillar Inc.
General Electric Co.
IHI Corp.
Kawasaki Heavy Industries Ltd.
Mitsubishi Heavy Industries Ltd.
OPRA Turbines
Siemens AG
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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