Gas Turbines Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The Gas Turbines Market size is expected to grow at an annual average of CAGR 2% during the forecast period (2022-2028). A gas turbine is a mechanical device that obtains energy by using the kinetic or potential energy of a working fluid or gas. These turbines operate on a Brayton cycle equipped with a heater, compressor, turbine and cooler. The working fluid undergoes a thermodynamic process in which the system converts mechanical/thermal energy into rotational energy.

The following segmentation are covered in this report:

By Technology

• Open Cycle
• Combined Cycle

By Application

• Power Generation
• Oil & Gas
• Marine
• Aerospace
• Process Plants
• Others

By Design Type

• Heavy-duty
• Aero-derivative

Company Profile

• GE (U.S.)
• Siemens (Germany)
• Mitsubishi Hitachi Power Systems, Ltd. (Japan)
• Ansaldo Energia (Italy)
• Solar Turbines (U.S.)
• Kawasaki Heavy Industries, Ltd. (Japan)
• Doosan Heavy Industries & Construction (South Korea)
• Bharat Heavy Electrical Limited (India)
• OPRA Turbines (The Netherlands)
• Rolls-Royce (U.K)
• Vericor Power Systems LLC (U.S.)

Scope of the report

The research study analyses the Gas Turbines Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Gas Turbines Market Report

• What was the Gas Turbines Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Gas Turbines Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Gas Turbines Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.