"Reaching New Heights: Maximize Market Research Pvt Ltd's Insights into the Industrial Gas Turbine Market"
Anticipated Growth in Revenue:
The Industrial Gas Turbine Market size was valued at USD 10.11 Bn. in 2023 and the total Industrial Gas Turbine revenue is expected to grow by 6 % from 2024 to 2030, reaching nearly USD 15.20 Bn.
Industrial Gas Turbine Market Overview
Industrial Gas Turbine Market Scope and Methodology:
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Technology segment with the quickest growth :
Considering the Technology, In 2023, the industrial gas turbine market was dominated by the heavy-duty category in terms of technology. An excellent business platform has been built by the integration of large-scale economic zones across developing countries and the expansion of manufacturing units. As additional captive-generating power plants are integrated to meet the demand for electricity from industrial enterprises, the heavy-duty segment will expand. The emergence of extremely adaptable and mobile technology has led to a notable increase in market share for aero-derivative categories worldwide. Additionally, the segment offers a wide range of technologies, such as district heating, utility generating, and marine propulsion.
Industrial Gas Turbine Market Segmentation: The Art of Unveilingby Module
by Capacity
≤ 70 MW
> 70 MW - 300 MW
≥ 300 MW
by Technology
Heavy Duty
Light Industrial
Aeroderivative
by Cycle
Simple Cycle
Combined Cycle
by Sector
Electric Power Utility
Oil & Gas
Manufacturing
Industrial Gas Turbine Market Key Players :
1. General Electric Company
2. Siemens AG
3. Mitsubishi Heavy Industries Ltd
4. Harbin Electric International Company Limited
5. Doosan Heavy Industries & Construction
6. OPRA Turbines
7. Rolls-Royce
8. Vericor Power System
9. Bharat Heavy Electricals Limited
10. Kawasaki Heavy Industries Ltd
11. Ansaldo Energia SpA
12. Solar Turbines
13. Man Diesel and Turbo SE
14. MTU Aero Engines AG/Vericor Power Systems LLC
15. Centrax Industries Ltd
16. UEC Saturn
17. Wartsila
18. Zorya-Mashproekt.
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Industrial Gas Turbine Market Regional Insights
Key Questions answered in the Industrial Gas Turbine Market Report are:
- What are the Industrial Gas Turbine Market segments?
- Which Industrial Gas Turbine market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Industrial Gas Turbine market during the forecast period?
- Who are the top players in the Industrial Gas Turbine industry?
- Which region is expected to grow at a high CAGR during the forecast period?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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