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Asia Pacific Heavy Duty Gas Turbine Market Share

Report ID: GMI10923
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific Heavy Duty Gas Turbine Market Share

Doosan Enerbility is one of the leading global providers of integrated power solutions, specializing in the development and manufacturing of heavy-duty gas turbines. The company is known for its innovative approach to designing high-efficiency turbines that meet the rigorous demands of modern power generation. Its turbines are engineered to deliver exceptional performance, reliability, and operational flexibility, catering to both large-scale power plants and industrial applications. The company invests heavily in research and development to continuously enhance the efficiency and environmental sustainability of its gas turbine technology, positioning itself as a key player in the global energy transition towards cleaner and more sustainable power sources.

Asia Pacific Heavy Duty Gas Turbine Market Companies

The key industry players include:

Ansaldo Energia
Bharat Heavy Electricals Limited (BHEL)
Capstone Green Energy Corporation
Doosan Enerbility
Flex Energy Solutions
General Electric
Harbin Electric Corporation Co., Ltd.
Kawasaki Heavy Industries, Ltd.
MAN Energy Solutions
Mitsubishi Heavy Industries Ltd.
Nanjing Turbine & Electric Machinery (Group) Co., Ltd.
Opra Turbines
Rolls Royce PLC
Siemens
Solar Turbines Incorporated
Wärtsilä

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for heavy duty gas turbine was worth over USD 4.4 billion in 2023 and is estimated to grow at a CAGR of 5.6% during 2024 to 2032, driven by the increasing awareness of environmental issues.

The open cycle segment of Asia Pacific heavy duty gas turbine market will witness growth rate of over 5.5% through 2032, as these systems are widely used in power plants, particularly for peaking power and backup generation owing to their ability to rapidly start up and adjust to varying loads.

China heavy duty gas turbine market is set to surpass USD 3 billion by 2032, driven by increasing energy demand and industrialization in line with surging efforts to reduce carbon emissions.

Flex Energy Solutions, General Electric, Harbin Electric Corporation Co., Ltd, Kawasaki Heavy Industries, Ltd, MAN Energy Solutions, Mitsubishi Heavy Industries Ltd, Nanjing Turbine & Electric Machinery (Group) Co., Ltd. among others.