Gas Turbine Market - Global Gas Turbine Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031 - (By Technology Coverage, By Design Type Coverage,By Rating Capacity Coverage,By Application Coverage,By Geographic Coverage and By Company)

Description

Global gas turbine market growth is expected to continue steadily, reaching a valuation of US$26.5 billion by 2031 from its 2024 size of US$19.4 billion, with a compound annual growth rate (CAGR) of 5% between 2024 and 2031. This promising outlook is driven by several key factors:

Key Growth Drivers:

1. Increasing Demand for Electricity: The global population surge, along with rapid industrialization and urbanization, continues to boost the need for electricity. Gas turbines, known for their efficiency, reliability, and flexibility, are preferred for power generation. As countries expand their power generation capacities, especially in emerging economies, the demand for gas turbines is expected to rise.

2. Transition Toward Cleaner Energy Sources: Governments worldwide are tightening environmental regulations to combat climate change and air pollution. Gas turbines offer a more environmentally friendly alternative to coal-fired power plants, emitting fewer greenhouse gases and pollutants. This shift aligns with sustainability goals and is anticipated to drive gas turbine demand.

3. Technological Advancements and Efficiency Improvements: Ongoing advancements in gas turbine technology, including innovations like combined cycle power plants, advanced materials, digitalization, and additive manufacturing, enhance efficiency and reduce operational costs. These improvements in performance, reliability, and sustainability contribute to market growth.

Key Challenges to Growth:

1. Regulatory Constraints: Gas turbine manufacturers face regulatory challenges related to emissions, noise pollution, and energy efficiency standards. Compliance may require costly modifications or the development of new, environmentally friendly technologies, placing burdens on industry players.

2. High Initial Investment and Maintenance Costs: Gas turbines require substantial upfront costs for installation and ongoing maintenance, posing challenges for potential buyers or investors, especially in regions with limited access to capital.

3. Competition from Renewable Energy Sources: The increasing competitiveness of renewable energy sources, such as wind and solar power, poses a significant challenge to the gas turbine market. Affordable renewable technologies are leading to increased adoption and investment, threatening gas turbine market share.

Emerging Trends and Opportunities:

1. Digital Transformation: Integration of IoT, AI, and data analytics into gas turbine operations enhances efficiency, reduces costs, and improves decision-making processes, offering significant opportunities for industry players.

2. Increasing Demand for Power Generation: With the global population rising and industrialization persisting, there is consistent demand for power generation solutions. Gas turbines offer an attractive option for electricity generation, especially in regions with abundant natural gas resources.

3. Sustainability and Renewable Energy: Growing emphasis on sustainability and renewable energy presents opportunities for gas turbines to complement renewable sources by providing flexible and reliable power generation.

Geographical Outlook:

North America: Led by the United States, North America continues to dominate the global gas turbine market. The region benefits from a combination of factors, including advanced technological capabilities, established infrastructure, and stringent emission regulations. The shale gas revolution has significantly impacted the market dynamics, leading to a surge in natural gas production and increased adoption of natural gas-fired power plants. This trend has bolstered the demand for gas turbines, particularly in combined cycle power plants, which offer high efficiency and lower emissions. Additionally, North America's focus on renewable energy integration and grid modernization further enhances the appeal of gas turbines as a reliable source of power generation.

Asia Pacific: The Asia Pacific region is witnessing robust growth in gas turbine demand, driven by rapid industrialization, urbanization, and the escalating need for electricity. Countries such as China, India, and Japan are experiencing exponential economic growth, accompanied by substantial investments in infrastructure development, including power generation capacity expansion. In particular, China's ambitious Belt and Road Initiative (BRI) is fueling massive infrastructure projects across Asia, Africa, and Europe, creating significant opportunities for gas turbine manufacturers. Moreover, governments in the region are increasingly focused on improving energy security, reducing dependency on coal, and addressing environmental concerns, leading to a shift towards cleaner and more efficient gas-fired power generation.

Europe: Europe is undergoing a transition towards gas turbines as a cleaner alternative to coal-fired power plants in response to stringent environmental regulations and sustainability targets. The European Union's ambitious climate goals, including the aim to achieve carbon neutrality by 2050, are driving the decarbonization of the energy sector. Gas turbines, particularly those equipped with advanced technologies such as combined cycle systems and carbon capture utilization and storage (CCUS), are playing a crucial role in this transition. Additionally, the integration of renewable energy sources such as wind and solar power with gas turbines in hybrid power plants is gaining momentum, offering enhanced flexibility and reliability while minimizing environmental impact. Europe's emphasis on energy efficiency, grid modernization, and the development of smart grids further supports the growth of the gas turbine market in the region.

Competitive Analysis

1. General Electric (GE)

2. Siemens

3. Mitsubishi Hitachi Power Systems (MHPS)

4. Ansaldo Energia

5. Kawasaki Heavy Industries

6. BHEL (Bharat Heavy Electricals Limited)

7. Solar Turbines (a Caterpillar company)

8. MAN Energy Solutions

9. Alstom Power

The Global Gas Turbine Market is Segmented as Below:

By Technology

Open Cycle
Combined Cycle

By Design Type

Heavy-duty
Aero-derivative

By Rating Capacity

Less than 40 MW
40-120 MW
120-300 MW
Above 300 MW

By Application

Power Generation
Oil & Gas
Marine
Aerospace
Process Plants
Others

By Geographic Coverage:

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Turkey
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Egypt
- Nigeria

Rest of the Middle East & Africa

1. Executive Summary

1.1. Global Lipid Nutrition Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output Analysis and Trade Statistics

3.1. Key Highlights
3.2. Production, by Region
- 3.2.1. North America
- 3.2.2. Europe
- 3.2.3. Asia Pacific
- 3.2.4. Latin America
- 3.2.5. Middle East & Africa

4. Price Trend Analysis

4.1. Key Highlights
4.2. Key Factors Affecting Prices
4.3. Prices by Product/Application/End-user
4.4. Prices by Region

5. Global Lipid Nutrition Market Outlook, 2019 - 2031

5.1. Global Lipid Nutrition Market Outlook, by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Lifetime Seals
  - 5.1.1.2. Floating Seals
  - 5.1.1.3. Duo Cone Seals
  - 5.1.1.4. Toric Seals
  - 5.1.1.5. Heavy Duty Seals
5.2. Global Lipid Nutrition Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Tracked Vehicles
  - 5.2.1.2. Agriculture Machines
  - 5.2.1.3. Conveyor Systems
  - 5.2.1.4. Mining Machines
  - 5.2.1.5. Heavy Trucks
  - 5.2.1.6. Tunnel Boring Machines
  - 5.2.1.7. Axles
  - 5.2.1.8. Others
5.3. Global Lipid Nutrition Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Lipid Nutrition Market Outlook, 2019 - 2031

6.1. North America Lipid Nutrition Market Outlook, by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Lifetime Seals
  - 6.1.1.2. Floating Seals
  - 6.1.1.3. Duo Cone Seals
  - 6.1.1.4. Toric Seals
  - 6.1.1.5. Heavy Duty Seals
6.2. North America Lipid Nutrition Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Tracked Vehicles
  - 6.2.1.2. Agriculture Machines
  - 6.2.1.3. Conveyor Systems
  - 6.2.1.4. Mining Machines
  - 6.2.1.5. Heavy Trucks
  - 6.2.1.6. Tunnel Boring Machines
  - 6.2.1.7. Axles
  - 6.2.1.8. Others
- 6.2.2. Market Attractiveness Analysis
6.3. North America Lipid Nutrition Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 6.3.1.2. U.S. Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 6.3.1.3. Canada Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 6.3.1.4. Canada Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Lipid Nutrition Market Outlook, 2019 - 2031

7.1. Europe Lipid Nutrition Market Outlook, by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Lifetime Seals
  - 7.1.1.2. Floating Seals
  - 7.1.1.3. Duo Cone Seals
  - 7.1.1.4. Toric Seals
  - 7.1.1.5. Heavy Duty Seals
7.2. Europe Lipid Nutrition Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Tracked Vehicles
  - 7.2.1.2. Agriculture Machines
  - 7.2.1.3. Conveyor Systems
  - 7.2.1.4. Mining Machines
  - 7.2.1.5. Heavy Trucks
  - 7.2.1.6. Tunnel Boring Machines
  - 7.2.1.7. Axles
  - 7.2.1.8. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Lipid Nutrition Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.2. Germany Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.3. U.K. Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.4. U.K. Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.5. France Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.6. France Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.7. Italy Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.8. Italy Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.9. Turkey Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.10. Turkey Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.11. Russia Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.12. Russia Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.13. Rest of Europe Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 7.3.1.14. Rest of Europe Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Lipid Nutrition Market Outlook, 2019 - 2031

8.1. Asia Pacific Lipid Nutrition Market Outlook, by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Lifetime Seals
  - 8.1.1.2. Floating Seals
  - 8.1.1.3. Duo Cone Seals
  - 8.1.1.4. Toric Seals
  - 8.1.1.5. Heavy Duty Seals
8.2. Asia Pacific Lipid Nutrition Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Tracked Vehicles
  - 8.2.1.2. Agriculture Machines
  - 8.2.1.3. Conveyor Systems
  - 8.2.1.4. Mining Machines
  - 8.2.1.5. Heavy Trucks
  - 8.2.1.6. Tunnel Boring Machines
  - 8.2.1.7. Axles
  - 8.2.1.8. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Lipid Nutrition Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.2. China Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.3. Japan Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.4. Japan Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.5. South Korea Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.6. South Korea Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.7. India Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.8. India Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.9. Southeast Asia Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.10. Southeast Asia Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.11. Rest of Asia Pacific Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 8.3.1.12. Rest of Asia Pacific Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Lipid Nutrition Market Outlook, 2019 - 2031

9.1. Latin America Lipid Nutrition Market Outlook, by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Lifetime Seals
  - 9.1.1.2. Floating Seals
  - 9.1.1.3. Duo Cone Seals
  - 9.1.1.4. Toric Seals
  - 9.1.1.5. Heavy Duty Seals
9.2. Latin America Lipid Nutrition Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 9.1.1. Key Highlights
  - 9.2.1.1. Tracked Vehicles
  - 9.2.1.2. Agriculture Machines
  - 9.2.1.3. Conveyor Systems
  - 9.2.1.4. Mining Machines
  - 9.2.1.5. Heavy Trucks
  - 9.2.1.6. Tunnel Boring Machines
  - 9.2.1.7. Axles
  - 9.2.1.8. Others
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Lipid Nutrition Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 9.3.1.2. Brazil Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 9.3.1.3. Mexico Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 9.3.1.4. Mexico Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 9.3.1.5. Argentina Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 9.3.1.6. Argentina Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 9.3.1.7. Rest of Latin America Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 9.3.1.8. Rest of Latin America Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Lipid Nutrition Market Outlook, 2019 - 2031

10.1. Middle East & Africa Lipid Nutrition Market Outlook, by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Lifetime Seals
  - 10.1.1.2. Floating Seals
  - 10.1.1.3. Duo Cone Seals
  - 10.1.1.4. Toric Seals
  - 10.1.1.5. Heavy Duty Seals
10.2. Middle East & Africa Lipid Nutrition Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Tracked Vehicles
  - 10.2.1.2. Agriculture Machines
  - 10.2.1.3. Conveyor Systems
  - 10.2.1.4. Mining Machines
  - 10.2.1.5. Heavy Trucks
  - 10.2.1.6. Tunnel Boring Machines
  - 10.2.1.7. Axles
  - 10.2.1.8. Others
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Lipid Nutrition Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 10.3.1.2. GCC Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 10.3.1.3. South Africa Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 10.3.1.4. South Africa Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 10.3.1.5. Egypt Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 10.3.1.6. Egypt Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 10.3.1.7. Nigeria Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 10.3.1.8. Nigeria Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Lipid Nutrition Market by Type, Volume (Tons) and Value (US$ Mn), 2019 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Lipid Nutrition Market Application, Volume (Tons) and Value (US$ Mn), 2019 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Product vs Application Heatmap
11.2. Manufacturer vs Application Heatmap
11.3. Company Market Share Analysis, 2022
11.4. Competitive Dashboard
11.5. Company Profiles
- 11.5.1. Caterpillar
  - 11.5.1.1. Company Overview
  - 11.5.1.2. Product Portfolio
  - 11.5.1.3. Financial Overview
  - 11.5.1.4. Business Strategies and Development
- 11.5.2. Enduro Bearings Industrial
  - 11.5.2.1. Company Overview
  - 11.5.2.2. Product Portfolio
  - 11.5.2.3. Financial Overview
  - 11.5.2.4. Business Strategies and Development
- 11.5.3. FTL Technology
  - 11.5.3.1. Company Overview
  - 11.5.3.2. Product Portfolio
  - 11.5.3.3. Financial Overview
  - 11.5.3.4. Business Strategies and Development
- 11.5.4. Goetze
  - 11.5.4.1. Company Overview
  - 11.5.4.2. Product Portfolio
  - 11.5.4.3. Financial Overview
  - 11.5.4.4. Business Strategies and Development
- 11.5.5. SKF
  - 11.5.5.1. Company Overview
  - 11.5.5.2. Product Portfolio
  - 11.5.5.3. Financial Overview
  - 11.5.5.4. Business Strategies and Development
- 11.5.6. Timken AB
  - 11.5.6.1. Company Overview
  - 11.5.6.2. Product Portfolio
  - 11.5.6.3. Financial Overview
  - 11.5.6.4. Business Strategies and Development
- 11.5.7. Trelleborg Group
  - 11.5.7.1. Company Overview
  - 11.5.7.2. Product Portfolio
  - 11.5.7.3. Financial Overview
  - 11.5.7.4. Business Strategies and Development
- 11.5.8. ROC Carbon Company
  - 11.5.8.1. Company Overview
  - 11.5.8.2. Product Portfolio
  - 11.5.8.3. Financial Overview
  - 11.5.8.4. Business Strategies and Development
- 11.5.9. Morcor Limited
  - 11.5.9.1. Company Overview
  - 11.5.9.2. Product Portfolio
  - 11.5.9.3. Financial Overview
  - 11.5.9.4. Business Strategies and Development
- 11.5.10. Dover Corporation
  - 11.5.10.1. Company Overview
  - 11.5.10.2. Product Portfolio
  - 11.5.10.3. Financial Overview
  - 11.5.10.4. Business Strategies and Development
- 11.5.11. Tenneco Inc.
  - 11.5.11.1. Company Overview
  - 11.5.11.2. Product Portfolio
  - 11.5.11.3. Financial Overview
  - 11.5.11.4. Business Strategies and Development
- 11.5.12. SAP Parts
  - 11.5.12.1. Company Overview
  - 11.5.12.2. Product Portfolio
  - 11.5.12.3. Financial Overview
  - 11.5.12.4. Business Strategies and Development
- 11.5.13. Freudenberg SE
  - 11.5.13.1. Company Overview
  - 11.5.13.2. Product Portfolio
  - 11.5.13.3. Financial Overview
  - 11.5.13.4. Business Strategies and Development
- 11.5.14. Trostel
  - 11.5.14.1. Company Overview
  - 11.5.14.2. Product Portfolio
  - 11.5.14.3. Financial Overview
  - 11.5.14.4. Business Strategies and Development
- 11.5.15. Fenner Group Holdings Limited
  - 11.5.15.1. Company Overview
  - 11.5.15.2. Product Portfolio
  - 11.5.15.3. Financial Overview
  - 11.5.15.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations