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Gas Turbines Market for Power Industry| Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic | Technavio

CCGTs segment to contribute largest market share in the gas turbines market for power industry

LONDON–(BUSINESS WIRE)–#GasTurbinesMarketforPowerIndustry–The global gas turbines market for power industry to register an incremental growth of USD 1.65 billion, witnessing a CAGR of almost 2% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the gas turbines market for power industry in optimistic, probable, and pessimistic forecast scenarios.


Get a detailed Insights Highlights on COVID-19 pandemic Crisis and Recovery analysis of gas turbines market for power industry. Download free report sample

The gas turbines market for power industry will witness a Negative and Inferior impact during the forecast period owing to the extensive rise of the COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.

Gas Turbines Market for Power Industry 2020-2024: Vendor Analysis

The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.

Major Gas Turbines Market Participants for Power Industry are

  • Ansaldo Energia Spa
  • Bharat Heavy Electricals Ltd.
  • Capstone Turbine Corp.
  • Caterpillar Inc.
  • General Electric Co.
  • IHI Corp.
  • Kawasaki Heavy Industries Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • OPRA Turbines
  • Siemens AG

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Gas Turbines Market for Power Industry 2020-2024: Segmentation

Gas Turbines Market for Power Industry is segmented as below:

  • Technology

    • CCGT
    • OCGT

CCGTs segment will account for the largest share due to the increasing demand for energy-efficient gas turbines and replacement of coal-fired power plants.

  • Geography

    • APAC
    • Europe
    • North America
    • South America
    • MEA

APAC region will account for the highest incremental growth during the forecast period due to the government initiatives to shut down coal-based power plants in most APAC countries and encourage the use of natural gas as the fuel mix for generating electricity.

The gas turbines market for power industry is driven by an increase in CCGT power plants and shutdown of coal-based power plants, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in Industrials industry.

For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio’s Industrials section

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • CCGT – Market size and forecast 2019-2024
  • OCGT – Market size and forecast 2019-2024
  • Market opportunity by Technology

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Ansaldo Energia Spa
  • Bharat Heavy Electricals Ltd.
  • Capstone Turbine Corp.
  • Caterpillar Inc.
  • General Electric Co.
  • IHI Corp.
  • Kawasaki Heavy Industries Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • OPRA Turbines
  • Siemens AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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