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Power Generation Gas Turbine Market Share

Report ID: GMI10178
Published Date: Jul 2024
Report Format: PDF

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Power Generation Gas Turbine Market Share

MAN Energy Solutions is one of the prominent players in the utility-scale gas turbine market, renowned for its innovative solutions and extensive expertise in power generation. The company offers a range of gas turbines designed to meet the diverse needs of utility providers and industrial customers worldwide. Its turbines are known for their high efficiency, reliability, and operational flexibility, making them ideal for base load, peak shaving, and grid support applications. The company's portfolio includes both aeroderivative and heavy-duty gas turbines, catering to a wide range of power output requirements. It emphasizes sustainability, with a focus on enhancing fuel efficiency and reducing emissions in line with global environmental regulations. Their comprehensive service offerings, including maintenance, upgrades, and digital solutions, ensure that customers receive reliable support throughout the lifecycle of their turbines.

Power Generation Gas Turbine Market Companies

The key industry players include:

Ansaldo Energia
Bharat Heavy Electricals Limited (BHEL)
Flex Energy Solutions
General Electric
Harbin Electric Corporation Co., Ltd.
Kawasaki Heavy Industries, Ltd.
MAN Energy Solutions
Mitsubishi Heavy Industries Ltd.
Opra Turbines
Rolls Royce PLC
Siemens
Solar Turbines Incorporated
TotalEnergies
UEC-Saturn
Wärtsilä
Zorya-Mashproekt

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of power generation gas turbine was reached USD 6.1 billion in 2023 and is estimated to grow at 14.8% CAGR through 2032, owing to the surging focus toward clean power generation.

The combined cycle segment in the power generation gas turbine market will exceed USD 7 billion by 2032, favored by the large-scale power generation facilities, providing reliable electricity to meet growing demand.

Asia Pacific power generation gas turbine market is set to surpass USD 3.5 billion by 2032, driven by urbanization, industrialization, and the rising population.

Ansaldo Energia, Bharat Heavy Electricals Limited (BHEL), Flex Energy Solutions, General Electric, Harbin Electric Corporation Co., Ltd., Kawasaki Heavy Industries, Ltd., MAN Energy Solutions, Mitsubishi Heavy Industries Ltd., Opra Turbines, Rolls Royce PLC, and Siemens among others.