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Global Aeroderivative Gas Turbine Market Size, Forecast: By Technology: Aeroderivative, Light Industrial, Heavy Duty; By Cycle: Simple Cycle, Combined Cycle; By Sector: Manufacturing, Oil and Gas, Electric Power Utility; By Capacity: Upto 1 MW, 1 - 30 MW, 30 -70 MW, Above 70 MW; Regional Analysis; Competitive Landscape; 2024-2032
Global Aeroderivative Gas Turbine Market Outlook
The global Aeroderivative Gas Turbine market is expected to grow at a CAGR of 4.2% during the period 2024-2032. With rising global demand for electricity, aeroderivative gas turbine CHP technology can provide a unique solution of dependable, ultra-high efficiency, flexible power that may also help decrease gas emissions. For example, LM2500, LM6000 and LMS100 technology offers a broad range of options in an economical manner. North America, Europe and Asia are expected to be key markets.
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Global Market Likely to be Driven by Advantages Offered by Aeroderivative Gas Turbines, Such as Efficiency, Reliable Power and Cost-effectiveness, to Energy Providers
The aeroderivative gas turbine is a lighter-weight variety of a regular gas turbine. Aeroderivative gas turbines are designed particularly for air use (like in airplanes). However, aeroderivative gas turbines are also employed for land applications. Aeroderivative land turbines generate smaller amounts of power but are more compact, and operate at higher efficiency and pressure ratios. Aviation gasoline is the main fuel source for the aeroderivative turbine.
Reliability, efficiency, flexibility and footprint advance aeroderivative turbines in the market; due to these features, aeroderivative gas turbines are a popular option for energy generation. Based on sophisticated aircraft engine technologies and materials, these are significantly lighter, respond faster and have a smaller footprint as compared to heavy industrial gas turbines. With up to forty five percent efficiency as against thirty-five percent efficiency of heavier gas turbines, these turbines are generally considered a good option in smaller-scale (up to 100 MW) energy generation. The popularity of these turbines is also more due to the fuel flexibility offered – these enable a combination of natural gas and liquid fuel operation. In Asia, these machines are employed in power trains for Liquefied Natural Gas (LNG) plants. In the USA, aeroderivatives are chiefly used in peaking power plant operations.
Uses in Aviation Likely to Stimulate Market Growth
A key use of aeroderivative gas turbine technology is in the aviation domain where the power harnessed by the turbine is employed to run a compressor. The hot air exiting the turbine is used for thrust by forcing the air into the atmosphere through an exhaust nozzle. Gas turbines not being used in aircraft or other aviation related devices employ some of their power to source the compression device. The left-over power is directed to drive an energy conversion device (possibly a generator or a propeller on a vessel). Turbines employed for generating electrical power could be small enough to be mounted on trucks for mobile implementations or larger projects that need months to build. Generally, aeroderivative gas turbines weigh significantly less than those devised for land use. Heavier industrial models fashioned for land use are called “frame” machines. Aeroderivative models are gaining more popularity for use in electrical power applications, although more for peak and recurrent purposes than for base power generation. Such applications are likely to boost the global aeroderivative gas turbine market. Advantages of gas turbines include: the capability of supplying relatively large amounts of power due to their size; longer life and lower maintenance; can be brought online to peak production levels in a matter of minutes; can be sourced by a broad range of fuels; no need of coolant as air is the working fluid. Gas turbines based on aviation technology provide a good fit for cogeneration applications through high flexibility, efficiency, and low emissions.
Market Likely to be Driven by Applications in CHP
Rising global electricity demand and the need to decrease emissions have made dependable, efficient, compact and flexible heat and power a vital need for industrial and utility operators. USA, Europe and other global areas offer significant, untapped potential to develop efficient combined heat and power (CHP). Aeroderivative gas turbines have gained wide acceptance in CHP applications, where they may deliver net plant efficiency of up to ninety percent – a percentage far higher than those offered by characteristic simple- or combined-cycle power plants. Such applications are expected to boost the global aeroderivative gas turbine market. Aeroderivative gas turbines may also help meet low emissions requirements. With products ranging from 18 MW to 100 MW, aeroderivative gas turbines may also provide a broad range of thermal energy for CHP solutions. CHP projects often operate at partial loads, when steam load demand drops at a set period of day, like overnight when cooling demand drops. In such situations, an aeroderivative gas turbine CHP plant outperforms industrial gas turbines through higher degree of flexibility.
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Market Segmentation
By technology, the market is divided into:
- Aeroderivative
- Light Industrial
- Heavy Duty
By cycle, the market is classified into:
- Simple Cycle
- Combined Cycle
By sector, the market is divided into:
- Manufacturing
- Oil and Gas
- Electric Power Utility
By capacity, the market is segmented into:
- Upto 1 MW
- 1 - 30 MW
- 30 -70 MW
- Above 70 MW
By region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Market
The report presents a detailed analysis of the following key players in the global aeroderivative gas turbine market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Baker Hughes Company
- General Electric Company
- MAN Energy Solutions SE
- Wärtsilä Corporation
- Siemens AG
- Kawasaki Heavy Industries, Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Cycle |
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| Breakup by Sector |
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| Breakup by Capacity |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aeroderivative Gas Turbine Market Analysis
8.1 Key Industry Highlights
8.2 Global Aeroderivative Gas Turbine Historical Market (2018-2023)
8.3 Global Aeroderivative Gas Turbine Market Forecast (2024-2032)
8.4 Global Aeroderivative Gas Turbine Market by Technology
8.4.1 Aeroderivative
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Light Industrial
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Heavy Duty
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Aeroderivative Gas Turbine Market by Cycle
8.5.1 Simple Cycle
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Combined Cycle
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Aeroderivative Gas Turbine Market by Sector
8.6.1 Manufacturing
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Oil and Gas
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Electric Power Utility
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Aeroderivative Gas Turbine Market by Capacity
8.7.1 Upto 1 MW
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 1 - 30 MW
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 30 -70 MW
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Above 70 MW
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.8 Global Aeroderivative Gas Turbine Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Aeroderivative Gas Turbine Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Aeroderivative Gas Turbine Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Aeroderivative Gas Turbine Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Aeroderivative Gas Turbine Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Aeroderivative Gas Turbine Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Baker Hughes Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 General Electric Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 MAN Energy Solutions SE
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Wärtsilä Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Siemens AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Kawasaki Heavy Industries, Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aeroderivative Gas Turbine Market: Key Industry Highlights, 2017 and 2021
2. Global Aeroderivative Gas Turbine Historical Market: Breakup by Technology (USD Million), 2018-2023
3. Global Aeroderivative Gas Turbine Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. Global Aeroderivative Gas Turbine Historical Market: Breakup by Cycle (USD Million), 2018-2023
5. Global Aeroderivative Gas Turbine Market Forecast: Breakup by Cycle (USD Million), 2024-2032
6. Global Aeroderivative Gas Turbine Historical Market: Breakup by Sector (USD Million), 2018-2023
7. Global Aeroderivative Gas Turbine Market Forecast: Breakup by Sector (USD Million), 2024-2032
8. Global Aeroderivative Gas Turbine Historical Market: Breakup by Capacity (USD Million), 2018-2023
9. Global Aeroderivative Gas Turbine Market Forecast: Breakup by Capacity (USD Million), 2024-2032
10. Global Aeroderivative Gas Turbine Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Aeroderivative Gas Turbine Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Aeroderivative Gas Turbine Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Aeroderivative Gas Turbine Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Aeroderivative Gas Turbine Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Aeroderivative Gas Turbine Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Aeroderivative Gas Turbine Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Aeroderivative Gas Turbine Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Aeroderivative Gas Turbine Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Aeroderivative Gas Turbine Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Aeroderivative Gas Turbine Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Aeroderivative Gas Turbine Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Aeroderivative Gas Turbine Market Structure
Key Questions Answered in the Report
The global aeroderivative gas turbine market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The major drivers of the market include the favourable policies by regulatory bodies, increasing investments in regenerative gas turbine facilities, rising global demand for electricity, and ongoing usage of with light weight aircraft.
The rising expansion and development of manufacturing practices and the increasing focus on sustainable energy development are the key industry trends propelling the market's growth.
An alternative to the standard gas turbine that is lighter in weight is the aeroderivative gas turbine. Aeroderivative gas turbines are created specifically for use in the air (like in airplanes). Aeroderivative land turbines provide less power but are more compact, more efficient, and operate at higher pressure ratios.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various technologies involved in the market are aeroderivative, light industrial, and heavy duty.
Based on cycle, the market is divided into simple cycle and combined cycle.
The major sectors in the market are manufacturing, oil and gas, and electric power utility.
On the basis of capacity, the market is segmented into upto 1 MW, 1 - 30 MW, 30 -70 MW, and above 70 MW.
The major players in the industry are Baker Hughes Company, General Electric Company, MAN Energy Solutions SE, Wärtsilä Corporation, Siemens AG, and Kawasaki Heavy Industries, Ltd., among others.
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