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Aeroderivative Gas Turbine Market

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 size is projected to grow at a CAGR of 4.2% between 2024 and 2032.

 

Key Takeaways

  • The high availability of aero gas turbines, over 98%, lowers the CAPEX costs per unit of power generation.
  • The primary energy consumption in the Asia Pacific region rose by about 2.1 percent in 2022, reaching 277.6 exajoules.
  • China was the world's largest consumer of electricity in 2022, with more than 8,000 terawatt-hours, followed by the United States with over 4,000 terawatt-hours.

 

Aeroderivative gas turbines are gas turbines that are derived from the design and technology of jet engines. They are typically lighter, more compact, and more efficient than conventional gas turbines. They can also operate on a variety of fuels, including natural gas, biogas, and hydrogen. Aeroderivative gas turbines are widely used for power generation, especially in remote areas, peak load situations, and emergency backup. They can also provide mechanical drive for industrial applications, such as oil and gas, marine, and mining.

 

The global aeroderivative gas turbine market is poised for significant growth in the upcoming years due to various factors. These include the escalating demand for electricity, particularly in regions with limited grid access or instability, the increasing adoption of low-carbon and renewable energy sources necessitating aeroderivative gas turbines as backup power sources, and advancements in turbine design enhancing their competitiveness and appeal for diverse applications.

 

aeroderivative-gas-turbine-market

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Key Trends and Developments

Increasing adoption of renewable energy sources, growing demand for decentralised power generation, and rising investments in gas infrastructure are boosting the aeroderivative gas turbine market value

 

Date Company News
February 2024 GE Vernova Opened Australia's first dual-fuel gas and green hydrogen-capable power plant in New South Wales, equipped with GE Vernova's 9F.05 gas turbine. The plant will produce up to 320 megawatts (MW) of dispatchable power.
February 2024 Wärtsilä Entered into a EUR 200 million collaboration ecosystem to develop autonomous zero-emission balancing solutions for the energy transition, addressing the challenges of integrating renewable energy sources into the grid.
February 2024 Wärtsilä Provide cleaner energy to a city utility in the USA, underscoring Wärtsilä's commitment to delivering sustainable and environmentally friendly energy solutions to support the transition towards cleaner energy sources.
April 2023 Baker Hughes Awarded a contract to supply two LM9000-driven compressor trains for the PETRONAS nearshore liquefied natural gas (LNG) facility in Malaysia. The LM9000 gas turbine is known for its high efficiency and reducing carbon emissions.

 

 

Trends Impact
Increasing adoption of renewable energy sources and hybrid power systems Drives the demand for aeroderivative gas turbines, which can provide flexible and reliable power generation, complementing the intermittent nature of renewables.
Growing demand for decentralised and distributed power generation Favors the aeroderivative gas turbine market expansion, which are suitable for decentralised and distributed power generation, due to their compact size, light weight, fast start-up, and low maintenance.
Increasing investments in gas-fired power plants and gas infrastructure Boosts the market potential , which are widely used in gas-fired power plants, as well as in gas processing and transportation facilities.
Advancements in technology and innovation Stimulates the aeroderivative gas turbine market development as gas turbines are constantly evolving and improving, with new features and capabilities.

 

Global Aeroderivative Gas Turbine Market Trends

Demand for aeroderivative gas turbines is increasing as they offer advantages, such as reliability, efficiency, flexibility, and smaller footprint. They are based on advanced aircraft engine technologies and materials, which make them much lighter, faster, and smaller than heavy industrial gas turbines. They can achieve up to forty five percent efficiency, compared to thirty five percent for heavier gas turbines, which can further lead to aeroderivative gas turbine market growth. In Asia, they are used in power trains for Liquefied Natural Gas (LNG) plants, whereas in the USA, they are mainly used for peaking power plant operations. This has significantly increased the market size.

 

Furthermore, the growing global demand for electricity and the need to reduce emissions have made reliable, efficient, flexible, and compact heat and power tools, a critical need for industrial and utility operators. Therefore, there is a large, untapped potential to develop efficient combined heat and power (CHP) in the USA, Europe, and other parts of the world. Aeroderivative gas turbines are widely used in CHP applications, where they can achieve net plant efficiency of up to 90% - much higher than typical simple- or combined-cycle power plants. These applications are expected to augment the aeroderivative gas turbine market development.

 

Aeroderivative gas turbines can also help meet low emissions standards. With products ranging from 18 MW to 100 MW, aeroderivative gas turbines can also provide a wide range of thermal energy for CHP solutions, which, in turn, can aid in a positive aeroderivative gas turbine market outlook.

 

aeroderivative-gas-turbine-market-by-segments

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Market Segmentation

Global Aeroderivative Gas Turbine Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Technology Aeroderivative, Light Industrial, Heavy Duty
Cycle Simple Cycle, Combined Cycle
Sector Manufacturing, Oil and Gas, Electric Power Utility
Capacity Upto 1 MW, 1 - 30 MW, 30 -70 MW, Above 70 MW
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Simple cycle segment is expected to hold a significant market share due to rising demand for emergency power backup, especially in remote areas

Aeroderivative gas turbines can operate on simple cycle or combined cycle, depending on the application and the fuel availability. Simple cycle gas turbines use only one turbine to generate power, while combined cycle gas turbines use two or more turbines in sequence to increase the power output and thermal efficiency.

 

The simple cycle segment is anticipated to lead the aeroderivative gas turbine market share in the forecast period. Simple cycle aeroderivative gas turbines are widely used for peaking power, emergency backup, and remote power generation. They offer fast start-up, low maintenance, and low emissions.

 

According to aeroderivative gas turbine market analysis, the combined cycle segment, on the other hand, is also expected to grow significantly, as it offers higher efficiency, lower fuel consumption, and lower carbon footprint. The combined cycle aeroderivative gas turbines are suitable for base load, cogeneration, and district heating applications.

 

Oil and gas sector can expand the aeroderivative gas turbine market size due to rising demand for LNG and CNG

The oil and gas segment of aeroderivative gas turbine market report includes the application of aeroderivative gas turbines for offshore and onshore oil and gas exploration, production, processing, and transportation. Aeroderivative gas turbines are preferred for their high-power density, low emissions, fast start-up, and flexibility to operate on various fuels, such as natural gas, diesel, and flare gas. They are used to drive compressors, pumps, generators, and mechanical loads. The oil and gas segment can propel the aeroderivative gas turbine market growth, as the global demand for oil and gas is projected to increase, especially in the emerging markets, such as China, India, and Southeast Asia. Moreover, the increasing adoption of liquefied natural gas (LNG) and compressed natural gas (CNG) as cleaner and cheaper alternatives to oil will boost the sales for aeroderivative gas turbines for LNG and CNG production and transportation.

 

The manufacturing segment of the aeroderivative gas turbine market includes the production of aeroderivative gas turbines and their components, such as compressors, combustors, turbines, and generators. The major manufacturers of aeroderivative gas turbines are General Electric, Siemens, Mitsubishi Hitachi Power Systems, Kawasaki Heavy Industries, Solar Turbines, and Ansaldo Energia. These companies have a strong presence in North America, Europe, and Asia Pacific, where they compete based on product innovation, quality, performance, and price. The manufacturing segment is expected to witness a moderate growth rate, as the demand for aeroderivative gas turbines is influenced by the economic and environmental factors affecting the end-use industries.

 

Furthermore, the electric power utility segment includes the application of aeroderivative gas turbines for power generation and grid stability. Aeroderivative gas turbines are used to provide peaking power, emergency power, distributed power, and combined heat and power (CHP). They are also used to balance the intermittent power supply from renewable energy sources, such as wind and solar. The aeroderivative gas turbine market estimates that the electric power utility segment is expected to witness a steady growth rate, as the global demand for electricity is expected to rise, especially in the developing regions, such as Africa, Latin America, and the Middle East. Furthermore, the increasing focus on reducing greenhouse gas emissions and improving energy efficiency will drive the demand for aeroderivative gas turbines for low-carbon and high-efficiency power generation.

 

aeroderivative-gas-turbine-market-by-region

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Competitive Landscape

Market companies are providing renewable energy solutions for various industries and regions to cater to the evolving regulatory landscape

 

Company Name Year Founded Headquarters Products/Services
Baker Hughes Company 1907 Texas, United States Oilfield services, equipment, and technology
General Electric Company 1892 Massachusetts, United States Power generation, aviation, healthcare, renewable energy, and digital solutions
MAN Energy Solutions SE 1758 Augsburg, Germany Marine engines, power plants, turbomachinery, and after-sales services
Wärtsilä Corporation 1834 Helsinki, Finland Marine and energy solutions, including engines, propulsion systems, power plants, and smart technologies

 

Other key players in the global aeroderivative gas turbine market include Siemens AG, and Kawasaki Heavy Industries, Ltd., among others.

 

Global Aeroderivative Gas Turbine Market Analysis by Region

North America is one of the dominant regions due to increasing demand for natural gas-fired power plants and the growing adoption of renewable energy sources

The North American region is anticipated to hold a dominant position in the aeroderivative gas turbine market, owing to the increasing demand for natural gas-fired power plants, the growing adoption of renewable energy sources, and the stringent environmental regulations. The U.S. is the largest market in the region, followed by Canada and Mexico. According to the U.S. Energy Information Administration (EIA), natural gas accounted for 38% of the total electricity generation in the U.S. in 2019 and is projected to increase to 41% by 2021. Aeroderivative gas turbines are preferred for natural gas-fired power plants, as they offer high efficiency, low emissions, and fast start-up and ramp-up capabilities. Some of the aeroderivative gas turbine manufacturers in this region are General Electric, Siemens, Mitsubishi Hitachi Power Systems, and Rolls-Royce.

 

Asia Pacific may capture a significant aeroderivative gas turbine market share, driven by the rapid industrialisation and electrification in countries such as China, India, Japan, and South Korea. The region is witnessing a surge in the demand for power generation, especially from the industrial and commercial sectors, which require reliable, flexible, and efficient power supply. Aeroderivative gas turbines are ideal for meeting the peak load and emergency power needs of these sectors, as they can be installed in remote and isolated areas, and can operate on various fuels, such as natural gas, diesel, and biogas. Moreover, the region is also investing in the development of renewable energy sources, such as wind and solar, which require backup power sources to ensure grid stability. Aeroderivative gas turbines can provide such backup power, as they can integrate with renewable energy systems and respond quickly to fluctuations in power demand.

 

Europe has significantly contributed to increasing the aeroderivative gas turbine market size due to the high penetration of gas-fired power plants, the stringent environmental regulations, and the increasing integration of renewable energy sources in the region. The region is aiming to achieve carbon neutrality by 2050 and is implementing various policies and initiatives to reduce greenhouse gas emissions and increase the share of renewable energy sources in the power sector. Aeroderivative gas turbines can support this transition, as they offer low carbon emissions, high efficiency, and flexibility for power generation. Some of the leading players operating in the European aeroderivative gas turbine market are Siemens, General Electric, Rolls-Royce, and Ansaldo Energia.

 

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:

  • Technology
  • Cycle
  • Sector
  • Capacity
  • Region
Breakup by Technology
  • Aeroderivative
  • Light Industrial
  • Heavy Duty
Breakup by Cycle
  • Simple Cycle
  • Combined Cycle
Breakup by Sector
  • Manufacturing
  • Oil and Gas
  • Electric Power Utility
Breakup by Capacity
  • Upto 1 MW
  • 1 - 30 MW
  • 30 -70 MW
  • Above 70 MW
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Baker Hughes Company
  • General Electric Company
  • MAN Energy Solutions SE
  • Wärtsilä Corporation
  • Siemens AG
  • Kawasaki Heavy Industries, Ltd.
  • Others
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, 2018 and 2032
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 aeroderivative gas turbine market is expected 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 rising production of light weight aircraft.

Key trends aiding aeroderivative gas turbine market expansion include the rising expansion and development of manufacturing practices and the increasing focus on sustainable energy development.

The aeroderivative gas turbine is a lighter substitute for the standard gas turbine. Particularly designed for aviation applications, aeroderivative gas turbines are used in aircraft. Aeroderivative land turbines function at higher pressure ratios, are more compact, and produce less power.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various technologies of aeroderivative gas turbines are aeroderivative, light industrial, and heavy duty.

Based on cycle, the market is divided into simple cycle and combined cycle.

The major sectors considered in the market are manufacturing, oil and gas, and electric power utility.

Based on capacity, the market is segmented into upto 1 MW, 1 - 30 MW, 30 -70 MW, and above 70 MW.

Key players in the market 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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