Middle East and Africa Gas Turbine Market

Historic Data: 2016-2017   |   Base Year: 2018   |   Forecast Period: 2019-2027

Analysis by Technology (Open Cycle and Combined Cycle), Capacity (<40 MW, 40–120 MW, 120–300 MW, and >300 MW), and Application (Power Generation, Oil and Gas, and Industrial)


No. of Pages: 86    |    Report Code: TIPRE00014754    |    Category: Energy and Power

Middle East and Africa Gas Turbine Market
Buy Now

Market Introduction

A gas turbine refers to a combustion engine that is eco-friendly as it not only runs on natural gas and it produces less exhaust gas pollution as compared to the internal combustion engines. The gas-fired turbines are faster, more efficient, and less polluting than coal-fired and nuclear power plants. Gas turbines make use of natural gas, light gas, and bioethanol for its working. An increase demand for natural gas fired power plants, rising concerns regarding emissions released by greenhouse gas and stringent government norms for the adoption of gas-fired turbines have stimulated the demand for gas turbines. Thus, to reduce carbon emission is expected to create a significant demand for gas turbines in the coming years, which is further anticipated to drive the Middle East and Africa gas turbine market.


Get more information on this report

Middle East and Africa Gas Turbine Strategic Insights

Strategic insights for the Middle East and Africa 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.

strategic-framework/middle-east-and-africa-gas-turbine-market-strategic-framework.webp
Get more information on this report

Middle East and Africa Gas Turbine Report Scope

Report Attribute Details
Market size in 2018 US$ 3383.00 Million
Market Size by 2027 US$ 5006.04 Million
Global CAGR (2019 - 2027) 4.5%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Technology
  • Open Cycle
  • Combined Cycle
By Capacity
  • <40 MW
  • 40-120 MW
  • 120-300 MW
  • >300 MW
By Application
  • Power Generation
  • Oil and Gas
  • Industrial
Regions and Countries Covered Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key 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)
  • Get more information on this report

    Middle East and Africa Gas Turbine Regional Insights

    The geographic scope of the Middle East and Africa 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.

    geography/middle-east-and-africa-gas-turbine-market-geography.webp
    Get more information on this report


    Market Overview and Dynamics

    The gas turbine market in Middle East and Africa is expected to grow from US$ 3383.00 million in 2018 to US$ 5006.04 million by 2027; it is estimated to grow at a CAGR of 4.5% from 2019 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. As per GE estimates, the annual distributed power capacity addition will reach 200 GW in 2020, from 142 GW in 2012. This is bolstering the growth of the Middle East and Africa gas turbine market.

    The COVID-19 outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global energy and power industry is one of the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns etc. as a result of this outbreak. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is also one of the worst affected countries. All these factors are anticipated to affect the energy and power industry in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months

     

    Key Market Segments

    In terms of technology, the combined cycle segment accounted for the largest share of the Middle East and Africa gas turbine market in 2018. In terms of capacity, the 120-300 MW segment held a larger market share of the Middle East and Africa gas turbine market in 2019. Further, the power generation segment 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 market in Middle East and Africa 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 (GE), Harbin Electric Company Limited, BHEL, Kawasaki Heavy Industries Ltd., and Wärtsilä Corporation among others.

    Reasons to buy report

    • To understand the Middle East and Africa 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 Middle East and Africa gas turbine market.
    • Efficiently plan M&A and partnership deals in Middle East and Africa 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 Middle East and Africa gas turbine market Obtain market revenue forecast for market by various segments from 2019-2027 in Middle East and Africa.

    MIDDLE EAST AND AFRICA 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

    • South Africa
    • Saudi Arabia
    • U.A.E.
    • Rest of MEA

    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)

    The List of Companies - Middle East and Africa Gas Turbine Market

    The List of Companies - Middle East and Africa Mobile Access Control Platform Market

    1. Ansaldo Energia S.p.A.
    2. General Electric Company
    3. Harbin Electric Company Limited
    4. Kawasaki Heavy Industries, Ltd.
    5. Man Energy Solutions
    6. Mitsubishi Hitachi Power Systems, Ltd.
    7. Siemens AG
    8. Solar Turbines Incorporated
    9. Wärtsilä Corporation
    10. Bharat Heavy Electricals Limited (BHEL)
    Frequently Asked Questions
    How big is the Middle East and Africa Gas Turbine Market?

    The Middle East and Africa Gas Turbine Market is valued at US$ 3383.00 Million in 2018, it is projected to reach US$ 5006.04 Million by 2027.

    What is the CAGR for Middle East and Africa Gas Turbine Market by (2019 - 2027)?

    As per our report Middle East and Africa Gas Turbine Market, the market size is valued at US$ 3383.00 Million in 2018, projecting it to reach US$ 5006.04 Million by 2027. This translates to a CAGR of approximately 4.5% during the forecast period.

    What segments are covered in this report?

    The Middle East and Africa Gas Turbine Market report typically cover these key segments-

    • Technology (Open Cycle, Combined Cycle)
    • Capacity (<40 MW, 40-120 MW, 120-300 MW, >300 MW)
    • Application (Power Generation, Oil and Gas, Industrial)

    What is the historic period, base year, and forecast period taken for Middle East and Africa Gas Turbine Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Gas Turbine Market report:

  • Historic Period : 2016-2017
  • Base Year : 2018
  • Forecast Period : 2019-2027
  • Who are the major players in Middle East and Africa Gas Turbine Market?

    The Middle East and Africa Gas Turbine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 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)
  • Who should buy this report?

    The Middle East and Africa Gas Turbine Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Middle East and Africa Gas Turbine Market value chain can benefit from the information contained in a comprehensive market report.

    Available Report Formats

    pdf-format excel-format pptx-format
    Buy Now