Gas Turbine Market 2021 Insights with Statistics and Growth Prediction – General Electric, Siemens, Mitsubishi Hitachi Power Systems, Wood Group, Kawasaki Heavy Industries

The report provides a unique tool for evaluating the Gas Turbine Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Gas Turbine.

Gas Turbine Market Size exceeded USD 6 billion in 2019 and is anticipated to grow at a rate of over 8% through 2026. Rapid technological advancements coupled with growing focus toward distributed power generation technologies will drive the global industry growth.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Gas Turbine Market: General Electric, Siemens, Mitsubishi Hitachi Power Systems, Wood Group, Kawasaki Heavy Industries, Solar Turbines, Ansaldo Energia, MTU Aero Engines, Sulzer, MAN Diesel & Turbo, MJB International, Proenergy Services and others.

Global Gas Turbine Market Split by Product Type and Applications:

This report segments the global Gas Turbine market on the basis of Types are:
Heavy Duty Services
Aero-Derivative Services

On the basis of Application, the Global Gas Turbine market is segmented into:
Power Generation
Oil & Gas

Industry News:

GE Power’s (NYSE: GE) CEO on March 4 said his company sees the global gas turbine market stabilizing, in part due to better accessibility to natural gas worldwide.

Scott Strazik made the comment during GE’s Investor Outlook; The event is an annual overview of the company’s operations that GE gives to investment professionals. The outlook provided details on the company’s varied business units, noting the power division showed “signs of progress” as it pulled back costs and improved its profit margins.

11 DECEMBER 2019: Siemens (ETR: SIE) has secured a gas turbines supply contract from RUE Vitebskenergo, a state-owned power utility company in the Republic of Belarus.

Siemens has agreed to supply five SGT-800 gas turbines from its factory in Finspång, Sweden. The Siemens power generation equipment will also include generators, gas receiving stations, booster compressors, high-medium-low voltage equipment and the PCS7 control system.

The gas turbines will be installed at the new 150MW peaking power station at the Lukomlskaya plant and at 100MW peaking power station at the Novopolotskaya plant.


The report provides a detailed breakdown of the market region-wise and categorizes it at various levels. Regional segment analysis displaying regional production volume, consumption volume, revenue, and growth rate from 2020-2026 covers: Americas (United States, Canada, Mexico, Brazil), APAC (China, Japan, Korea, Southeast Asia, India, Australia), Europe (Germany, France, UK, Italy, Russia, Spain), Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Influence of the Gas Turbine Market Report:

-Comprehensive assessment of all opportunities and risk in the Gas Turbine market.

-Gas Turbine market recent innovations and major events.

-Detailed study of business strategies for growth of the Gas Turbine market-leading players.

-Conclusive study about the growth plot of Gas Turbine market for forthcoming years.

-In-depth understanding of Gas Turbine market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Gas Turbine market.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Gas Turbine Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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