Global Gas Turbine Upgrades for Performance Enhancement Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global gas turbine upgrades for performance enhancement market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period (2022-2028). The technologies associated to reduce the gas turbine NOx Emission are anticipated to drive the growth of the market. Injection of water or steam into the combustion zone is a control technology that lowers the flame temperature. Further, dry low NOx combustion (DLN), is a technology that uses staged combustion and lean-premixed fuel-air mixtures. Catalytic combustion is a kind of technology that assists in achieving low emission levels. Through this technology, many of the emissions could be reduced by lower operating temperatures during the combustion process while maintaining turbine efficiency. Moreover, the Selective catalytic reduction technology is a process, where ammonia is injected into the gas turbine exhaust gas stream that reacts with nitrogen oxides. Thus, such technologies are anticipated to drive the demand for gas turbine upgrades in the performance enhancement market.

Looking toward the Gas Turbine Upgrades, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in July 2021, GE and International Energy had conducted the implementation and testing of the GT-26 High Efficiency (HE) gas turbine at Unipers Enfield Power station in London. The results demonstrated that the efficacy and power output had met all the requirements.

Further, in March 2019, General Electric (GE) in collaboration with Uniper had launched GT-26 HE, a gas turbine upgrade for the Utility’s Enfield Power Station in London. In addition, the GT-26 consists of several benefits. It possesses higher efficiency for combined cycle power plants. Increased plant output from 15 megawatts to 55 megawatts per unit and more. Thus, such launches are anticipated to drive the demand for the global gas turbine upgrades for the performance enhancement market during the forecast period.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Turbine Cycle
  • By Upgrade Method
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Siemens AG, General Electric, Mitsubishi Hitachi Power Systems (MHPS), and B&B-AGEMA GmbH among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Gas Turbine Upgrades for Performance Enhancement Market Report by Segment

By Turbine Cycle

• Simple Turbine Cycle
• Combined Turbine Cycle

By Upgrade Method

• Comprehensive Method
• Hot Coating Section
• Compressor Coating
• Inlet Air Fogging