Global 5-20MW Gas Turbine Market Growth 2023-2029

Global 5-20MW Gas Turbine Market Growth 2023-2029

Gas Turbine is a kind of rotating power machine which uses continuously flowing Gas as working medium to convert thermal energy into mechanical work.In the main flow of air and gas, there are only three components of gas Turbine cycle, namely Compressor, Combustor and gas Turbine, which are called simple cycle.Most gas turbines use a simple cycle scheme.Because it has the simplest structure, it can best reflect the unique advantages of gas turbine, such as small volume, light weight, fast start, less or no cooling water and so on.
LPI (LP Information)' newest research report, the “5-20MW Gas Turbine Industry Forecast” looks at past sales and reviews total world 5-20MW Gas Turbine sales in 2022, providing a comprehensive analysis by region and market sector of projected 5-20MW Gas Turbine sales for 2023 through 2029. With 5-20MW Gas Turbine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world 5-20MW Gas Turbine industry.
This Insight Report provides a comprehensive analysis of the global 5-20MW Gas Turbine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on 5-20MW Gas Turbine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global 5-20MW Gas Turbine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 5-20MW Gas Turbine and breaks down the forecast by power, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global 5-20MW Gas Turbine.
The global 5-20MW Gas Turbine market size is projected to grow from US$ 696.5 million in 2022 to US$ 845.1 million in 2029; it is expected to grow at a CAGR of 845.1 from 2023 to 2029.
Global 5-20MW Gas Turbine key players include Solar Turbines, Siemens, MAN Energy Solutions, UEC Saturn, Kawasaki Heavy Industries, etc. Global top five manufacturers hold a share over 90%.
North America is the largest market, with a share over 30%, followed by Europe, and China, both have a share over 30%.
In terms of product, 10-20MW Gas Turbine is the largest segment, with a share over 60%. And in terms of application, the largest application is Oil and Gas, followed by Land Power Generation.
This report presents a comprehensive overview, market shares, and growth opportunities of 5-20MW Gas Turbine market by product power, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by power
5-10MW Gas Turbine
10-20MW Gas Turbine
Segmentation by application
Land Power Generation
Oil and Gas
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Solar Turbines
Siemens
MAN Energy Solutions
UEC Saturn
Kawasaki Heavy Industries

Key Questions Addressed in this Report
What is the 10-year outlook for the global 5-20MW Gas Turbine market?
What factors are driving 5-20MW Gas Turbine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do 5-20MW Gas Turbine market opportunities vary by end market size?
How does 5-20MW Gas Turbine break out power, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.