Global Gas Turbine Generators Market Growth 2023-2029

Global Gas Turbine Generators Market Growth 2023-2029

In this report, the gas turbine generator discussed mainly stands for gas turbine generator set, which includes three parts: gas turbine, generator and control systems. And among the three key parts, gas turbine is the most important one. Company who can produce gas turbine will become the leading manufacturer of gas turbine generator in the industry.

Gas turbine generator is a device used to generate power. The most important part, gas turbine, is a type of internal combustion (IC) engine in which burning of an air-fuel mixture produces hot gases that spin a turbine to produce power.

The statistical data is based on gas turbine generator set. The rated power of the gas turbine is above 1MW.

LPI (LP Information)' newest research report, the “Gas Turbine Generators Industry Forecast” looks at past sales and reviews total world Gas Turbine Generators sales in 2022, providing a comprehensive analysis by region and market sector of projected Gas Turbine Generators sales for 2023 through 2029. With Gas Turbine Generators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas Turbine Generators industry.

This Insight Report provides a comprehensive analysis of the global Gas Turbine Generators 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 Gas Turbine Generators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gas Turbine Generators market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Turbine Generators and breaks down the forecast by type, 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 Gas Turbine Generators.

The global Gas Turbine Generators market size is projected to grow from US$ 33870 million in 2022 to US$ 53840 million in 2029; it is expected to grow at a CAGR of 53840 from 2023 to 2029.

USA is the largest Gas Turbine Generators market with about 38% market share. Europe is follower, accounting for about 36% market share.

The key players are GE Power Generation, Siemens, MHPS, Alstom, Rolls-Royce, Kawasaki, Solar Turbines, Power Machines, MAN Diesel & Turbo, AVIC etc. Top 3 companies occupied about 50% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Gas Turbine Generators market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Gas Turbine Generators Rated 1.00 to 2.00 mw

Gas Turbine Generators Rated 2.00 to 10.00 mw

Gas Turbine Generators Rated more than 10 mw

Segmentation by application

Power Plant

Oil and Gas Industry

Industrial Companies

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.

GE Power Generation

Siemens

MHPS

Alstom

Rolls-Royce

Kawasaki

Solar Turbines

Power Machines

MAN Diesel & Turbo

AVIC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gas Turbine Generators market?

What factors are driving Gas Turbine Generators market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gas Turbine Generators market opportunities vary by end market size?

How does Gas Turbine Generators break out type, 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.