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Asia Pacific Aeroderivative Gas Turbine Market Share

Report ID: GMI6627
Published Date: Dec 2024
Report Format: PDF

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Asia Pacific Aeroderivative Gas Turbine Market Share

The manufacturers in the aeroderivative gas turbine market adopt several key strategies to remain competitive and meet the growing demand for efficient, versatile power generation solutions. These include focusing on technological innovation to enhance turbine efficiency, reduce emissions, and improve reliability. Many companies are expanding their portfolios to include turbines with advanced materials and designs tailored for diverse applications including power generation, marine propulsion, and oil & gas operations.

Asia Pacific Aeroderivative Gas Turbine Market Companies

Major players operating in the Asia Pacific aeroderivative gas turbine industry are:

Ansaldo Energia
Baker Hughes
Bharat Heavy Electricals
Capstone Green Energy
Doosan Enerbility
General Electric
Harbin Electric
IHI Corporation
Kawasaki Heavy Industries
MAN Energy Solutions
Mitsubishi Heavy Industries
Nanjing Turbine & Electric Machinery
Opra Turbines
Rolls-Royce
Siemens
Wärtsilä

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for aeroderivative gas turbine was valued at USD 1.02 billion in 2024 and is projected to reach USD 1.85 billion by 2034, driven by a CAGR of 6.7% from 2025 to 2034.

The open cycle aeroderivative gas turbine market is expected to exceed USD 80 million by 2034, driven by the increasing adoption of combined heat and power plants and rising demand for heat.

The China aeroderivative gas turbine market is set to reach over USD 750 million by 2034, driven by the operational flexibility of gas-fired facilities and investments in distributed energy systems.

Major players include Ansaldo Energia, Baker Hughes, Bharat Heavy Electricals, Capstone Green Energy, Doosan Enerbility, General Electric, Harbin Electric, IHI Corporation, Kawasaki Heavy Industries, MAN Energy Solutions, and Mitsubishi Heavy Industries.