Asia Pacfic Gas Turbine Market

Market Introduction

Gas Turbine is an internal combustion engine comprising combustion chambers that releases expanding gases, which further drive the blades of a turbine. The gas turbine converts natural gas and other liquids into mechanical energy. This energy then fuels generators to produce electrical energy. The various advantages associated with gas turbines are high power to weight ratio and low operations pressure. Despite being small in size, the gas turbines possess a high power rating. They reduce carbon emissions and release fewer emissions into the air as compared to other engines. Thus, to lower carbon emission by harnessing natural gas instead of coal and nuclear is expected to create a significant demand for gas turbine in the coming years, which is further anticipated to drive the gas turbine market.

Asia Pacfic Gas Turbine Strategic Insights

Strategic insights for the Asia Pacfic Gas Turbine provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacfic Gas Turbine Report Scope

Asia Pacfic Gas Turbine Regional Insights

The geographic scope of the Asia Pacfic Gas Turbine refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The gas turbine in APAC is expected to grow from US$ 4,031.3 Mn in 2019 to US$ 6.154.5 Mn by 2027; it is estimated to grow at a CAGR of 4.9% from 2020 to 2027. The organizations of people and resources are drifting away from the centralized system towards integrated networks that include both distributed and centralized elements. Electric power systems are riding the wave of decentralization through the deployment and use of distributed power technologies. Distributed power systems are being used and will continue to be used in the future to provide electrical and mechanical power to the nearest point of use. In the year 2012, $150 billion was distributed in distributed power technologies. This is bolstering the growth of the gas turbine market.

Key Market Segments                                       

In terms of technology, the combined cycle segment accounted for the largest share of the APAC Gas turbine market in 2018. In terms of capacity, the 120-300 MW segment held a larger market share of the gas turbine in 2018. Further, the power generation held a larger share of the market based on application in 2018.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the gas turbine in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Ansaldo Energia S.p.A., General Electric Company, Harbin Electric Company Limited, Kawasaki Heavy Industries, Ltd., Man Energy Solutions, Mitsubishi Hitachi Power Systems, Ltd., Siemens AG, Solar Turbines Incorporated among others.

Reasons to buy report

• To understand the APAC gas turbine market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC gas turbine market
• Efficiently plan M&A and partnership deals in APAC gas turbine market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC gas turbine market.
• Obtain market revenue forecast for market by various segments from 2020-2027 in APAC.

APAC GAS TURBINE MARKET SEGMENTATION

By Technology

• Open Cycle
• Combined Cycle

By

Capacity

• Below 40 MW
• 40-120 MW
• 120-300 MW
• Above 300 MW

By

Application

• Power Generation
• Oil and Gas
• Industrial

By

Country

• China
• Australia
• Japan
• India
• South Korea
• Rest of APAC

Company Profiles

• Ansaldo Energia S.p.A.
• General Electric Company
• Harbin Electric Company Limited
• Kawasaki Heavy Industries, Ltd.
• Man Energy Solutions
• Mitsubishi Hitachi Power Systems, Ltd.
• Siemens AG
• Solar Turbines Incorporated
• Wärtsilä Corporation
• Bharat Heavy Electricals Limited (BHEL)