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Open Cycle Aeroderivative Gas Turbine Market Share

Report ID: GMI9996
Published Date: Jun 2024
Report Format: PDF

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Open Cycle Aeroderivative Gas Turbine Market Share

General Electric operates as an infrastructure and technology company. It operates through renewable energy, power, oil & gas, energy management, healthcare, transportation, appliances & lighting, aviation, and capital segments. The power segment offers distributed power gas engines, gas & steam power systems, service, maintenance, wastewater treatment, process system solutions, and support services. The oil & gas segment offers surface & subsea drilling systems, production systems, turbines, industrial power generation, high-pressure reactors, and equipment for floating production platforms.

Open Cycle Aeroderivative Gas Turbine Market Companies

The key industry players include:

Ansaldo Energia
Baker Hughes Company
Bharat Heavy Electricals Limited (BHEL)
Capstone Green Energy Corporation
Destinus Energy
General Electric
Kawasaki Heavy Industries, Ltd.
MAN Energy Solutions
Mitsubishi Heavy Industries Ltd.
Nanjing Steam Turbine Motor (Group) Co., Ltd.
Pratt & Whitney
Rolls-Royce plc
Siemens Energy
United Engine Corporation JSC
VERICOR
Wartsila

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

Open cycle aeroderivative gas turbine industry size was worth USD 488.3 million in 2023 and is projected to expand at 6.7% CAGR from 2024 to 2032 due to the growing focus toward sustainable energy sources.

The > 30 to 70 MW rated capacity segment is projected to exceed USD 200 million by 2032, owing to the flexibility of >30 to 70 MW gas turbines in meeting fluctuating power demands and their high efficiency in converting fuel into electricity.

The power plant segment is projected to grow at over 6.5% CAGR between 2024 and 2032, on account of rapid startup and shutdown capabilities, making ideal for peaking power generation to meet fluctuating electricity demand.

North America open cycle aeroderivative gas turbine industry is projected to surpass USD 200 million by 2032, owing to the robust investment in the region to support renewable energy integration and industrial operations.