1

GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS

Ankita Roy, Treesha Banerjee and Liza Dsouza from Global Market Estimates throw the spotlight on
the growing Gas Turbine Engine Market

Market Analysis

The global gas turbine engine market is projected to grow at a significant rate over the forecast
period. The market for this product is heavily influenced by the strong inclination towards
sustainable and eco-friendly solutions. The rapidly evolving need for the product in electricity
generation, oil & gas, aviation and marine industries is expected to foster its demand over the
coming years.

The product has high operational speed, long life, greater efficiency, durability and low costs of
operation and maintenance. The increasing availability of natural gas due to the boom in shale gas
production, rising demand for electricity, increasing investments to limit greenhouse emissions by
governments are the major factors driving the gas turbine engine market.

Government regulations and eco-friendly initiatives in the U.S., UK, and Japan to use sustainable
energy sources have led to shifting to the use of natural gas in electricity generation. This efficient
technique of electricity generation ensures lower carbon emissions. Such policies are anticipated to
augment the products market growth over the coming years.

Regional Analysis (2016 vs 2025)

USD Million

North Europe Asia Pacific Middle East Centra &

America & Africa South
America

2016 2025

COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 1

 2

GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS

Design Type Insights

The product comes in two design types namely, heavy duty (frame) type and aeroderivative type.
The heavy duty type occupies a larger market share compared to its counterpart as it is used in
industrial models that are heavier and designed for land use. There has been a rise in the demand
for large-gas fired power plants and thus in the demand for frame type to power them.

The output of electricity is greater in heavy duty types. Their use in combined cycle operations
provides an output of more than 300MW. Aeroderivative types weigh considerably less than heavy
duty types. This use of aeroderivative type in electric applications is more but during intermittent
and peak times than for base load electricity generation.

Capacity Insights

The products power capacities fall under two categories such as 1 to 200 MW and more than 200
MW categories. The 1 to 200 MW category consists of small capacity turbines that are extensively
used for driving compressors for extracting oil by injecting gas into oil wells and in the petroleum
industry to power the platform.

Their share is expected to rise in the coming years as they can be transported easily for supplying
electricity and mobile supplies. The category of more than 200 MW capacity consists of high capacity
turbines that offer high performance and outstanding efficiency owing to which their market share is
anticipated to grow.

Application Insights

The product finds applications in combined cycle and open cycle power plants. The market share for
combined cycle plants accounted for the highest share in 2016. Compared to open cycle plants,
combined cycle offers more output at nearly the same fuel cost. Combined cycle type is highly
efficient, have lower emissions and very little distribution & transmission losses.

The products application in open cycle plants is expected to decline due to low efficiencies caused
by high energy losses. These plants require less space but its components efficiency is highly
affected due to unfavourable environmental conditions.

COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 2

 3

GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS

Regional Insights

Asia Pacific is expected to have the highest share for the product owing to its growing installations.
New electricity generation projects and growing industrialization in China and India are enhancing its
demand. To reduce the dependence of coal for generation of electricity, China and India are also
promoting the products installation.

Europe is expected to grow at a significant rate owing to the rising orders and capacity additions.
Demand is expected to arise from countries such as UK, Italy, and Germany. Its rising demand can be
attributed to the shift to combined cycle plants.

North America has occupied the largest share for the product since a long time and this can be
attributed to the early shift to this product, government emphasis on low emissions and R&D
investments. Thus, there are expected to be fewer capacity additions and more maintenance and
after sales services in this region.

End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the
regions. This section provides company addresses, contact details, products, and regional presence
of companies who are purchasing or are likely to purchase gas turbines over the coming years. Some
leading consumers of this product are Duke Energy (The U.S.), Saudi Aramco (Saudi Arabia), Airbus
Group (The Netherlands), Boeing (The U.S.) and Engie (France).

COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 3

 4

GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS

Market Share Analysis (2017)

Company A Company B Company C Company D Others

Competitor Analysis

The industry for the product is consolidated. The key players in this industry are Siemens
Corporation (The U.S.), General Electric Company, Alstom S.A. (France), Kawasaki Heavy Industries
(Japan), Bharat Heavy Electricals Limited (India).

In May 2016, Siemens Corporation celebrated the arrival of four H-class gas turbines at the Beni
Suefpower plant in Egypt. These turbines each with 400 megawatts capacity will later be added with
heat exchangers and steam turbines and expanded into a combined cycle mode with 4.8 gigawatts
capacity. This ambitious project will be the largest combined cycle power plant worldwide and is
aimed at supplying electricity to around 15 million Egyptians.

In October 2016, General Electric Company announced that it had secured a turnkey order of more
than USD 900 million for Porto de Sergipe combined-cycle power plant with CentraisEltricas de
Sergipe S.A. This project has a capacity of 1,516 megawatts and will be the largest gas power plant in
Latin America that can deliver an efficiency rate of over 62%.

COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 4

 5

GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS

The report segments the Gas Turbine Engine Market on the basis of:

By Design Type:

Heavy Duty
Aeroderivative type

By Capacity:

1 to 20 MW
above 200 MW

By Technology:

Open Cycle

Combined Cycle

By Application:

Power Generation

Oil & Gas

Others

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

* This article contains text from the Gas Turbine Engine Market Forecast to 2025 report prepared
by Global Market Estimates. For more information or to buy the report, please visit:
https://www.globalmarketestimates.com/gas-turbine-engine-market/

COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 5