Industrial Gas Turbine Market Emerging Trend, Top Companies, Industry Demand and Regional Analysis by 2028

The Industrial Gas Turbine Market size is expected to grow at an annual average of CAGR 2% during the forecast period (2022-2028). Growing environmental concerns, along with stringent regulatory mandates to curb GHG emissions, have put an industry focus on energy conservation, which will have a positive impact on global markets. Over the past decade, gas turbines have emerged as an essential component of power and heat transfer technology. The backbone of this development has been continuous modifications across major power markets, driven by rapid technological advances in combustion, aerodynamics, materials and cooling.

The following segmentation are covered in this report:

By Cycle

• Simple Cycle
• Combined Cycle

By Technology

• Heavy Duty
• Light Industrial
• Aeroderivative

By Sector

• Power Utilities
• Oil & Gas
• Manufacturing

Company Profile

• GE (U.S.)
• Siemens (Germany)
• Mitsubishi Hitachi Power Systems, Ltd. (Japan)
• Ansaldo Energia (Italy)
• Solar Turbines (U.S.)
• Kawasaki Heavy Industries, Ltd. (Japan)
• Doosan Heavy Industries & Construction (South Korea)
• Bharat Heavy Electrical Limited (India)
• OPRA Turbines (The Netherlands)
• Rolls-Royce (U.K)
• Vericor Power Systems LLC (U.S.)

Scope of the report

The research study analyses the Industrial Gas Turbine Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Industrial Gas Turbine Market Report

• What was the Industrial Gas Turbine Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Industrial Gas Turbine Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Industrial Gas Turbine Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.