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Europe Aeroderivative Gas Turbine Market Trends

Report ID: GMI9095
Published Date: Apr 2024
Report Format: PDF

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Europe Aeroderivative Gas Turbine Market Trends

The growing availability of gas resources spurred by extensive exploration and production efforts will drive the gas turbine market. The shifting trend toward decentralized power generation and distributed energy systems will augment the business landscape. These engines deliver comparatively lower carbon emissions compared to other fossil fuels, which in turn will contribute positively to the industry's growth trajectory. The product offers key advantages including high efficiency, compact size and high reliability, accelerating the industry potential.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Europe aeroderivative gas turbine market size was valued at USD 1.03 billion in 2023 and is anticipated to grow at 5.7% CAGR up to 2032, owing to the ongoing shale gas revolution along with increasing inclination toward energy optimization.

Europe combined cycle aeroderivative gas turbine market size will witness 5.5% CAGR through 2032, favored by the shift towards integrating renewable energy sources with thoughtful energy efficiency agreements.

U.K. aeroderivative gas turbine market will cross over USD 200 million by 2032, attributed to the growing emphasis on replacing coal-based power plants and the rapid deployment of clean energy resources.

Ansaldo Energia, Baker Hughes Company, Bharat Heavy Electricals Limited, Capstone Green Energy Corporation, Collins Aerospace, General Electric, Harbin Electric Corporation, Kawasaki Heavy Industries, Ltd., MAN Energy Solutions, Mitsubishi Heavy Industries, OPRA Turbines, Pratt & Whitney, Rolls-Royce plc, and SAFRAN and Siemens