Thursday, May 26th, 2016

About the Gas Turbine Market 

Gas turbines are used mainly in gas-fired power plants; these plants have an internal combustion engine wherein the fuel is mixed with air, leading to ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which results in rotation of the turbine. 

Technavio’s analysts forecast the global gas turbine market to grow at a CAGR of 3.49% during the period 2016-2020. 

Covered in this report 
The report covers the present scenario and the growth prospects of the global gas turbine market for 2016-2020. The capacity additions of new gas turbines as well as aftermarket gas turbines in various end-user segments and the average price of various types of gas turbines have been considered in determining the market size. 

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The market is divided into the following segments based on geography: 
• Americas 

Technavio's report, Global Gas Turbine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
• Ansaldo Energia 
• GE 
• Kawasaki Heavy Industries 
• Mitsubishi Hitachi Power Systems 
• Siemens 
• Solar Turbines 

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Other prominent vendors 
• MAN Diesel and Turbo 
• Motor Sich 
• Niigata Power Systems 
• OPRA Turbines 
• Power Machines 

Market driver 
• Increasing efficiency and durability of gas turbines 
• For a full, detailed list, view our report 

Market challenge 
• Risk of volatility in natural gas prices 
• For a full, detailed list, view our report 

Market trend 
• Stringent government regulations worldwide 
• For a full, detailed list, view our report 

Key questions answered in this report 
• What will the market size be in 2020 and what will the growth rate be? 
• What are the key market trends? 
• What is driving this market? 
• What are the challenges to market growth? 
• Who are the key vendors in this market space? 
• What are the market opportunities and threats faced by the key vendors? 
• What are the strengths and weaknesses of the key vendors? 

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Table of content

PART 01: Executive summary 
• Highlights 
PART 02: Scope of the report 
• Market overview 
• Top-vendor offerings 
PART 03: Market research methodology 
• Research methodology 
• Economic indicators 
PART 04: Introduction 
• Key market highlights 
PART 05: Market landscape 
• Market overview 
• Market size and forecast by revenue and capacity installed 
• Five forces analysis 
PART 06: Market drivers 
• Increasing efficiency and durability of gas turbines 
• Rise in distributed power generation 
• Growing demand for gas turbines from mobility segment 
• Regulations on carbon emissions 
• Consolidation of market vendors 
• Lower initial cost than other low-carbon emission substitutes 
• Increase in CCGT power plants 
PART 07: Impact of drivers 
PART 08: Market challenges 

• Risk of volatility in natural gas prices 
• Change in energy mix 
• Irregularities in natural gas reserves and supplies 
• Inherent challenges of handling natural gas 
PART 09: Impact of drivers and challenges 
PART 10: Market trends 

• Development of GTCC and IGCC technologies 
• Low oil prices 
• Rapid decline in demand for F-class gas turbines 
• Stringent government regulations worldwide 
• Growing use of alternative fuels — especially in aeroderivative gas turbines 
PART 11: Market segmentation by technology 
• Global gas turbine market by technology 
• Combined cycle gas turbines 
• Open cycle gas turbines 
PART 12: Market segmentation by design type 
• Global gas turbine market by design type 
• Heavy-duty (frame) gas turbines 
• Aeroderivative gas turbines 
PART 13: Market segmentation by end-user 
• Global gas turbine market by end-user 
• Global gas turbine market in power generation sector 
• Global gas turbine market in mobility sector 
• Global gas turbine market in oil and gas sector 
PART 14: Geographical segmentation 
• Global gas turbine market by geography 
• Americas 
PART 15: Vendor landscape 
• Competitive scenario 
• Other prominent vendors 
PART 16: Key vendor analysis 
• Ansaldo Energia 
• GE 
• Kawasaki Heavy Industries 
• Mitsubishi Hitachi Power Systems 
• Siemens 
• Solar Turbines 
PART 17: Appendix 
• List of abbreviations 

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