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Market Research Report

Global Gas Turbine Market Forecast, 2020-2029

Published by Gas Turbine World (Pequot Publishing, Inc.) Product code 932011
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Global Gas Turbine Market Forecast, 2020-2029
Published: April 5, 2020 Content info:
Description

Worldwide Sales Forecast

Equipment-only worldwide sales forecast totaling $54.2 billion expected by 2025, across Electric Power Utility and Oil & Gas sectors.

Includes industrial gas turbine market and worldwide sales forecast, by OEM, by technology (Heavy Duty, Light Industrial, Aeroderivative), by capacity (MW ratings), including 10-year sales forecast for each gas turbine model. Covering over 95% of global industrial gas turbine sales.

Gas Turbine market segmentation includes:

  • Sectors (Electric Power Utility, Oil & Gas)
  • Geographic (Regions, Countries)
  • Technologies (Heavy Frame, Aeroderivative, Light Industrial)
  • Applications (Power Generation, Mechanical Drive)
  • Installation (Land-based, Offshore)

‘Gas Turbine World's Market Forecast’ is produced annually. The Market Forecast is the result of 100s of hours of research and over 50 interviews with Gas Turbine OEMs, Sector End Users, and Industry Consultants accounting for historical sales, demand and forecasted sales pipeline, with unit-by-unit sales projections offering baseline, upside, and downside sales forecasts.

Who should buy the Market Forecast?

Gas Turbine OEMs, Subcontractors, Product and Service Suppliers looking for competitive insight into total unit sales historically, annual sales by model and capacity (MW ratings), and future sales projections based on market demand.

Analysts, Insurers, financial institutions looking for a worldwide sales forecast with insight into market, historical sales, YoY sales growth, OEM and model market share. The forecast data spreadsheets (in Excel) included with the Market Forecast allow Analysts to create different ranges/views of sales data.

Company Managers and Executives responsible for engineering R&D, new product design and development, manufacturing facilities, sales, departmental budget proposals and approvals for near- and long-term corporate operations.

Forecast Methodology

‘Gas Turbine World's annual Market Forecast’ is modeled based on our database of historical sales and installations for the past 40+ years, and factors into account the impact of alternative energy technologies (such as wind and solar renewables), retirement of coal/nuclear plants, pipeline and refinery expansion, natural gas and LNG fuel resources, competition of advanced generation and larger (300MW+) gas turbine units, trend towards higher simple/combined cycle efficiencies, lower emissions, fuel flexibility, availability and prices, environmental regulations, global economic growth and energy demand.

Important Update (April 2020): As a result of collapsing oil prices and the global Covid-19 pandemic, the annual 10-year Market Forecast of Global Industrial Gas Turbine Sales has been updated with a 2020-23 sales and forecast impact chart, with projection ranges based on length/time of continued market turbulence.

Table of Contents

Historical Perspective (2014-2019)

  • Gas turbine market drivers
  • Gas turbine unit and MW orders
  • OEM and Regional unit and MW orders
  • Aero, Heavy and Light Industrial share

Ten-Year Outlook (2020-2029)

  • Global and Industry growth factors
  • Electric power generation sector
  • Oil & gas mechanical drive sector
  • OEM model market share and value

Outlook Details (2020-2024)

  • Heavy Frame orders (EPU sector)
  • Heavy Frame orders (O&G sector)
  • Light Industrial orders (EPU and O&G sectors)
  • Aeroderivative orders (EPU and O&G sectors)

Ten-Year Excel Data Analysis (2020-2029)

  • Baseline market forecast (EPU and O&G)
  • Upside market forecast (EPU and O&G)
  • Downside market forecast (EPU and O&G)
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