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Asia Pacific Aeroderivative Gas Turbine Market Trends

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

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Asia Pacific Aeroderivative Gas Turbine Market Trends

The growing emphasis on integrating renewable energy sources coupled with a strong focus on improving energy efficiency is set to drive demand for gas turbines. Rising energy needs and significant investments in natural gas extraction and trade will foster a favorable economic environment. Additionally, the adoption of stringent energy utilization policies has transformed regulatory frameworks and influenced consumer preferences, paving the way for the expansion of combined cycle power plants. This trend is poised to significantly enhance the industry growth prospects.

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.