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Aeroderivative Gas Turbine Market Share

Report ID: GMI9789
Published Date: Oct 2024
Report Format: PDF

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Aeroderivative Gas Turbine Market Share

Aeroderivative Gas Turbine Company Market Share Analysis, 2023

The global aeroderivative gas turbine market is characterized by robust competition between established industry leaders and new entrants, each striving to gain market share in a rapidly advancing field. Major players focus on technological innovation, introducing high-efficiency, lightweight turbine solutions with enhanced operational flexibility and low emission capabilities. Market dynamics are further fueled by a growing demand for cleaner energy options, strict emissions regulations, and the need for cost-effective solutions in both industrial and power generation applications.

Aeroderivative Gas Turbine Market Companies

Major players operating in the aeroderivative gas turbine industry are:

Ansaldo Energia
Baker Hughes
Capstone Green Energy
Collins Aerospace
Destinus Energy
Doosan Enerbility
General Electric
Harbin Electric
Honeywell International
IHI
Kawasaki Heavy Industries
MAN Energy Solutions
Mitsubishi Heavy Industries
Nanjing Turbine & Electric Machinery
Pratt & Whitney
Rolls-Royce
Safran
Siemens Energy
Vericor
Wartsila

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for aeroderivative gas turbine was reached USD 3.2 billion in 2023 and is estimated to grow at a 6.3% CAGR from 2024 to 2032, driven by the integration of renewable energy resources and a focus on energy efficiency standards.

The combined cycle aeroderivative gas turbine market size is expected to exceed USD 4.5 billion by 2032, supported by the development of co-generating systems to sustain heat and energy consumption.

The power plant aeroderivative gas turbine market is projected to grow at approximately 6% CAGR from 2024 to 2032, driven by rapid industrialization and stringent energy efficiency mandates.

The U.S. aeroderivative gas turbine market is set to reach over USD 400 million by 2032, fueled by the increasing demand for flexible and efficient power generation solutions and the transition towards clean fuel sources.

Key players in the aeroderivative gas turbine industry include Ansaldo Energia, Baker Hughes, Capstone Green Energy, Collins Aerospace, Destinus Energy, Doosan Enerbility, General Electric, Harbin Electric, Honeywell International, IHI, Kawasaki Heavy Industries, MAN Energy Solutions, Mitsubishi Heavy Industries, Nanjing Turbine & Electric Machinery, Pratt & Whitney, Rolls-Royce, Safran, Siemens Energy, Vericor, and Wartsila.