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Aeroderivative Gas Turbine Market Growth Analysis and Trends Forecast to 2025

Author : Rahul Sankrityayan | Published Date : 2019-05-13 

According to Global Market Insights, Aeroderivative Gas Turbine Market provides a comprehensive analysis of the market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry.

Aeroderivative Gas Turbine Market in 2018, surpassed an annual installation of 5'000 MW and is predicted to exceed USD 2'500 million by 2025. Rising investments for the replacement of existing conventional power generation stations with advance gas-fired power plants to reduce carbon emission will foster the industry dynamics. Furthermore, the integration of shale gas fueled products & technologies has led to large scale E&P across remote onshore and offshore facilities which in turn will complement the business outlook.

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Rapid integration of distributed power generation technologies across stationary power establishments will augment the demand for > 500kW units. Light weight, lower emissions, compact size, lower electricity costs, fewer number of moving parts and surplus fuel utilization are major factors positively influencing the overall aeroderivative gas turbine market share. Moreover, ongoing technological development to ensure enhanced efficiency and operational versatility across un-recuperated and recuperated technologies will further stimulate the product demand.

Lesser warm up time when compared to traditional systems, light weight, compact size, quick start and minimal dependency on cooling water are few essential factors nurturing the open cycle aeroderivative gas turbine market. These products in reference to land-based industries encompass wide spread installation across mechanical & direct drive applications. Moreover, installation across aircrafts, where reducing the unit weight finds prime focus along with applications extended to offshore platforms constitute huge potential for technological expansion.

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Growth drivers

North America and Europe

  • Inclination toward energy optimization
  • Shale gas revolution
  • Positive clean energy outlook

Asia-pacific

  • Renewable energy integration
  • Growing focus toward decentralized generation technologies

Middle East, Africa and CIS

  • Restructuring of electrical infrastructure
  • Large scale renewable integration prospects

Latin America

  • Positive outlook towards gas-based electricity generation

Industry pitfalls & challenges

  • Advancing auxiliary clean turbine technologies
  • Cost competitiveness

Inhibition of energy resources including coal and hydro power along with regulatory shift for power optimization will influence the global combined cycle (CC) aeroderivative gas turbine market. Furthermore, paradigm shift from coal-based power generation plants owing to persisting demand and supply gap has made the combined cycle (CC) units an attractive fund allocation prospect.

Growing demand for energy along with favorable regulatory and consumer outlook towards renewable adoption will foster the power generation plant based aeroderivative gas turbine market. Moreover, fund allocation for the integration & expansion of CHP plants along with developing technologies for distributed power generation will further augment the business landscape.

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China aeroderivative gas turbine market will exceed USD 190 million owing to large scale growth of gas fired power generation technologies by 2025. Siemens in 2017, entered an agreement with CAPCO to source gas turbines for their 550 MW combined cycle generating plant. Furthermore, the agreement has also been related with company's vision for regional expansion and incorporation of a versatile distribution channel.

Prominent aeroderivative gas turbine market players comprise of GE, Siemens, Mitsubishi Hitachi, MAN Diesel, Kawasaki, Harbin, BHEL, Solar Turbines, Opra Turbines, Zorya-Mashproekt Wartsila, Vericor, Capstone, NPO Saturn and Cryostar.

Related Report:

Lead Acid Battery Market- https://www.gminsights.com/industry-analysis/lead-acid-battery-market

District Heating Pipeline Network Market- https://www.gminsights.com/industry-analysis/district-heating-pipeline-network-market

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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