Home / Energy Utilities / Gas Turbine Electrical Power Generation Market By Turbine (Open Cycle Gas Turbine (OCGT), Combined Cycle Gas Turbine (CCGT)), By Power Generating Fuels (Fuel Oils, Kerosene, Natural Gas, Diesel) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Gas Turbine Electrical Power Generation Market By Turbine (Open Cycle Gas Turbine (OCGT), Combined Cycle Gas Turbine (CCGT)), By Power Generating Fuels (Fuel Oils, Kerosene, Natural Gas, Diesel) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Published: Jul 2016 | Report Code: 57985-07-16

Changes in the present day energy markets are giving rise to new drivers and opportunities in the global energy market. In a competitive and market-driven economy, capacity to reduce cost of power generation is becoming a critical factor for success. As of the current market scenario in the energy sector, it is becoming increasingly important to explore solutions that offer rapid return on investment without sacrificing on reliability, sustainability and flexibility.

For the purpose of this study, the global gas turbine electrical power generation market is studied for turbine types and power generating fuels. Open cycle gas turbine and combined cycle gas turbine are the two system types used for power-generation. Additionally, fuel oil, natural gas, kerosene, diesel and diesel are the chief fuel types considered for estimating the gas turbine electrical power generation market. Market size ad forecast for each segment for the period 2014-2022 along with respective CAGRs for the period 2016-2022 are provided in this report.

Based on geographic distribution, the global gas turbine electrical power generation market is studied for the following regional markets:

  • North America
    • U.S.
    • Canada
  •  Europe
    • U.K.
    • Germany
    • Franc
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East and Africa

The market size and forecast for the period 2014-2022 along with the CAGRs for the period 2016-2022 are also provided in this report.These section also includes cross sectional analysis of the cumulative regional markets in terms by turbine type and power generating fuels.

Qualitative information such as drivers, restraints and future opportunities, impact analysis of market dynamics and market inclination insightsfor the global gas turbine electrical power generation market are included in this report. Competition assessment tools such as competition analysis (company market share) and attractive investment proposition are presented in this study for scrutinizing competition in the global gas turbine electrical power generation market. This study concludes with company profiles section that highlights information about the key companies engaged in development, manufacture and provision of gas turbine electrical power generation systems.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Global Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2015, (US$ Mn)
2.2 Global Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuels, 2015 v/s 2022, (Value %)
2.3 Global Gas Turbine Electrical Power Generation Market Revenue, by Geography, 2015, (USD Million)

Chapter 3 Global Gas Turbine Electrical Power Generation Market Overview
3.1 Overview
3.1.1 Global Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
3.2 Market Inclination Insights
3.2.1 Evolution of Gas Turbine Electrical Power Generation in Market
3.3 Market Drivers
3.3.1 High Demand from Asia Pacific for Electrical Power Generation
3.3.2 Low Level of Emissions from Gas Turbines for Power Generation
3.4 Market Restraints
3.4.1 Volatile Prices of Natural Gas and Oil
3.5 Market Opportunities
3.5.1 Growing Opportunities as Shale Gas and Coal Bed Methane are Considered to be Valuable Sources of Energy for Future
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers Restraints and Opportunities
3.7 Attractive Investment Proposition
3.8 Competitive Analysis
3.8.1 Market Positioning of Key Companies

Chapter 4 Global Gas Turbine Electrical Power Generation Market Analysis, By Turbine Type
4.1 Overview
4.1.1 Technical Performance of Open Cycle and Combined Cycle Gas Turbines
4.1.2 Global Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2014-2022, (US$ Mn)
4.2 Open Cycle Gas Turbine (OCGT)
4.2.1 Global Gas Turbine Electrical Power Generation Market Revenue for Open Cycle Gas Turbine, 2014-2022 (US$ Mn)
4.3 Combined Cycle Gas Turbine (CCGT)
4.3.1 Global Gas Turbine Electrical Power Generation Market Revenue for Combined Cycle Gas Turbine (CCGT), 2014-2022 (US$ Mn)

Chapter 5 Global Gas Turbine Electrical Power Generation Market Analysis, By Power Generating Fuels
5.1 Overview
5.1.1 Global Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuels, 2014-2022 (USD Mn)
5.2 Fuel Oils
5.2.1 Global Gas Turbine Electrical Power Generation Market Revenue for Fuel Oils, 2014-2022, (USD Mn)
5.3 Kerosene
5.3.1 Global Gas Turbine Electrical Power Generation Market Revenue for Kerosene, 2014-2022 (USD Mn)
5.4 Natural Gas
5.4.1 Global Gas Turbine Electrical Power Generation Market Revenue for Natural Gas, 2014-2022 (USD Mn)
5.5 Diesel
5.5.1 Global Gas Electrical Turbine Power Generation Market Revenue for Diesel, 2014-2022 (USD Mn)
5.6 Others
5.6.1 Global Gas Turbine Electrical Power Generation Market Revenue for Other Fuels, 2014-2022 (USD Mn)

Chapter 6 North America Gas Turbine Electrical Power Generation Market Analysis
6.1 Overview
6.2 North America Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type 2014-2022 (USD Mn)
6.2.1 SRC Analysis
6.3 North America Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
6.3.1 SRC Analysis
6.4 North America Gas Turbine Electrical Power Generation Market Revenue, by Country, 2014-2022 (USD Mn)
6.4.1 U.S. Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
6.4.1 Canada Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
Chapter 7 Europe Gas Turbine Electrical Power Generation Market Analysis
7.1 Overview
7.2 Europe Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type 2014-2022 (USD Mn)
7.2.1 SRC Analysis
7.3 Europe Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
7.3.1 SRC Analysis
7.4 Europe Gas Turbine Electrical Power Generation Market Revenue, by Country, 2014-2022 (USD Mn)
7.4.1 UK Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
7.4.2 France Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
7.4.3 Germany Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
7.4.1 Rest of Europe Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)

Chapter 8 Asia Pacific Gas Turbine Electrical Power Generation Market Analysis
8.1 Overview
8.2 Asia Pacific Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type 2014-2022 (USD Mn)
8.2.1 SRC Analysis
8.3 Asia Pacific Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
8.3.1 SRC Analysis
8.4 Asia Pacific Gas Turbine Electrical Power Generation Market Revenue, by Country, 2014-2022 (USD Mn)
8.4.1 China Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
8.4.2 Japan Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
8.4.3 India Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
8.4.4 Rest of Asia-Pacific Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)

Chapter 9 Latin America Gas Turbine Electrical Power Generation Market Analysis
9.1 Overview
9.2 Latin America Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2014-2022 (USD Mn)
9.2.1 SRC Analysis
9.3 Latin America Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
9.3.1 SRC Analysis
9.4 Latin America Gas Turbine Electrical Power Generation Market Revenue, by Country, 2014-2022 (USD Mn)
9.4.1 Brazil Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
9.4.2 Mexico Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
9.4.3 Rest of Latin America Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)

Chapter 10 Middle East and Africa Gas Turbine Electrical Power Generation Market Analysis
10.1 Overview
10.2 Middle East and Africa Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type 2014-2022 (USD Mn)
10.2.1 SRC Analysis
10.3 Middle East and Africa Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
10.3.1 SRC Analysis
10.4 Middle East and Africa Gas Turbine Electrical Power Generation Market Revenue, by Country, 2014-2022 (USD Mn)
10.4.1 South Africa Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
10.4.2 Saudi Arabia Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
10.4.3 Rest of Middle East and Africa Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)

Chapter 11 Company Profiles
11.1 Doosan Heavy Industries & Construction Co Ltd
11.1.1 Doosan Heavy Industries & Construction Co Ltd: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.2 Mitsubishi Heavy Industries, Ltd
11.2.1 Mitsubishi Heavy Industries, Ltd: Company Snapshot (Business Description; Financial Health; Product Position/Portfolio; News Coverage)
11.3 MJB International
11.3.1 MJB International: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.4 Siemens AG
11.4.1 Siemens AG: Company Snapshot (Business Description; Financial Health; Product Position/Portfolio; News Coverage)
11.5 General Electric (GE)
11.5.1 General Electric (GE): Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.6 PW Power Systems
11.6.1 PW Power Systems: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.7 Solar Turbines Incorporated
11.7.1 Solar Turbines Incorporated: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.8 Dresser-Rand
11.8.1 Dresser-Rand: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.9 Kawasaki Heavy Industries, Ltd.
11.9.1 Kawasaki Heavy Industries, Ltd.: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.10 MAN Diesel & Turbo SE
11.10.1 MAN Diesel & Turbo SE.: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.11 OPRA Technologies AS
11.11.1 OPRA Technologies AS.: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.12 MTU AERO ENGINES AG
11.12.1 MTU AERO ENGINES AG: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.13 Wood Group
11.13.1 Wood Group: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.14 Chromalloy Gas Turbine LLC
11.14.1 Chromalloy Gas Turbine LLC: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.15 EthosEnergy
11.15.1 EthosEnergy: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.16 NYE Thermodynamics Corporation
11.16.1 NYE Thermodynamics Corporation: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.17 Urban Green Energy
11.17.1 Urban Green Energy: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.18 Enercon GmbH
11.18.1 Enercon GmbH: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.19 International Aero Engines AG
11.19.1 International Aero Engines: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
11.20 Suzlon Energy Limited
11.20.1 Suzlon Energy Limited: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)

List Of Table :

TABLE 1 Impact Indicators
TABLE 2 Impact Analysis of Drivers and Restraints
TABLE 3 Difference Between Open Cycle Gas Turbine and Combined Cycle Gas Turbine
TABLE 4 North America Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2014-2022 (USD Mn)
TABLE 5 North America Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
TABLE 6 Europe Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2014-2022 (USD Mn)
TABLE 7 Europe Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
TABLE 8 Asia-Pacific Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2014-2022 (USD Mn)
TABLE 9 Asia-Pacific Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
TABLE 10 Latin America Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2014-2022 (USD Mn)
TABLE 11 Latin America Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
TABLE 12 Latin America Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
TABLE 13 Latin America Gas Turbine Electrical Power Generation Market Revenue, by Country, 2014-2022 (USD Mn)
TABLE 14 Middle East and Africa Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2014-2022 (USD Mn)
TABLE 15 Middle East and Africa Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
TABLE 16 Doosan Heavy Industries & Construction Co Ltd: Company Snapshot (Business Description; Financial Health; Product Position/Portfolio; News Coverage)
TABLE 17 Mitsubishi Heavy Industries, Ltd: Company Snapshot (Business Description; Financial Health; Product Position/Portfolio; News Coverage)
TABLE 18 MJB International: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 19 Siemens AG: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 20 General Electric (GE): Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 21 PW Power Systems: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 22 Solar Turbines Incorporated: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 23 Dresser-Rand: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 24 Kawasaki Heavy Industries, Ltd.: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 25 MAN Diesel & Turbo SE.: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 26 OPRA Technologies AS: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 27 MTU AERO ENGINES AG: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 28 Wood Group: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 29 Chromalloy Gas Turbine LLC: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 30 EthosEnergy: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 31 NYE Thermodynamics Corporation: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 32 Urban Green Energy: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 33 Enercon GmbH: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 34 International Aero Engines: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)
TABLE 35 Suzlon Energy Limited: Company Snapshot (Business Description; Financial Health ; Product Position/Portfolio; News Coverage)

List Of Figure :

FIG. 1 Gas Turbine Electrical Power Generation Market: Research Methodology
FIG. 2 Global Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2015, (US$ Mn)
FIG. 3 Global Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuels, 2015 v/s 2022 (US$ Mn)
FIG. 4 Global Gas Turbine Electrical Power Generation Market Revenue, by Geography, 2014-2022, (US$ Mn)
FIG. 5 Global Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 6 Evolution of Gas Turbine Electrical Power Generation Market
FIG. 7 Volatility of Fuel Prices, 2006-2015
FIG. 8 See-Saw Analysis: Global Gas Turbine Electrical Power Generation Market
FIG. 9 Attractive Investment Proposition, by Geography, 2015
FIG. 10 Market Positioning of Key Gas Turbine Electrical Power Generation Manufacturers, 2014
FIG. 11 Technical Performance of Open Cycle and Combined Cycle Gas Turbines
FIG. 12 Global Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2014-2022, (US$ Mn)
FIG. 13 Global Gas Turbine Electrical Power Generation Market Revenue for Open Cycle Gas Turbine, 2014-2022 (US$ Mn)
FIG. 14 Global Gas Turbine Electrical Power Generation Market Revenue for Combined Cycle Gas Turbine (CCGT), 2014-2022 (US$ Mn)
FIG. 15 Global Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuels, 2014-2022 (USD Mn)
FIG. 16 Global Gas Turbine Electrical Power Generation Market Revenue for Fuel Oils, 2014-2022, (USD Mn)
FIG. 17 Global Gas Turbine Electrical Power Generation Market Revenue for Kerosene, 2014-2022 (USD Mn)
FIG. 18 Global Gas Turbine Electrical Power Generation Market Revenue for Natural Gas, 2014-2022 (USD Mn)
FIG. 19 Global Gas Electrical Turbine Power Generation Market Revenue for Diesel, 2014-2022 (USD Mn)
FIG. 20 Global Gas Turbine Electrical Power Generation Market Revenue for Other Fuels, 2014-2022 (USD Mn)
FIG. 21 North America Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 22 U.S. Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 23 U.S. Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 24 Europe Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 25 UK Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 26 France Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 27 Germany Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 28 Rest of Europe Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 29 Asia Pacific Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 30 China Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 31 Japan Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 32 India Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 33 Rest of Asia-Pacific Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 34 Latin America Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 35 Brazil Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 36 Mexico Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 37 Rest of Latin America Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 38 Middle East and Africa Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 39 South Africa Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 40 Saudi Arabia Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
FIG. 41 Rest of Middle East and Africa Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)

Based on the type of power generating fuel used, global gas turbine electrical power generation market is categorizedinto:

  1. Fuel Oil
  2. Kerosene
  3. Natural Gas
  4. Diesel
  5. Others

Gas Turbine Electrical Power Generation Market

QGas turbines can operate using a wide range of liquid fuels. For instance, fuel oil which is also known as heating oil is another common fuel which is used for electricity generation. Fuel oil is obtained from petroleum distillation and hence is known as petroleum residue or distillate. Fuel oil is burned in a boiler for generating heat or is used in the engines for power generation. Fuel oil accounts as the second largest power generating fuels for gas turbine market. Natural gas accounted as the largest power generating fuel and is expected to retain its position in the market during the forecast period. Over the time, the electricity mix gradually has shifted towards low carbon options, led by the growth in natural gas and renewable generation.

Based onturbine types, the global gas turbine electrical power generation market categorized into:

  1. Open cycle gas turbine
  2. Combined cycle gas turbine

Gas Turbine Electrical Power Generation Market

A gas turbine is an internal combustion engine, which uses air as the working fluid. Chemical energy is extracted by the engine of the gas turbine to convert it into mechanical energy using the gaseous energy of working fluid. This mechanical energy drives the engine and propeller that in turn propel the airplane. In electricity generating application, gas turbine is known as the heart of the power plant that produces electric current. In year 2015, it was observed that open cycle gas turbine was leading the overall market million due to high adoption rate, initial technology, and affordable price compared to combination cycle. However, the ground breaking advantages of combination cycle such as high energy efficiency, and energy output are expected assist the significant growth of this segment throughout the forecast period.

Based on geographical segmentation, the gas turbine electrical power generation market is studied for:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Gas Turbine Electrical Power Generation Market

The regional classification is further elucidatedas follows:

  • North America (U.S. & Canada)
  • Europe (U.K., Germany, France and Rest of Europe)
  • Asia-Pacific (Japan, China, India and Rest of Asia-Pacific)
  • Middle East and Africa (South Africa, Saudi Arabia and Rest of Middle East and Africa)
  • Latin America (Brazil, Mexico and Rest of Latin America)

North America despite the global movements towards renewable will experience a robust dash for gas-turbine power generation, due to factors such as economic viability of building gas plants and long-term favorable experience. Closedown of approximately 70 GW coal power generations in the country by the end of this year represents a great amount of energy and capacity retiring from the US market. This retired capacity is anticipated to be replaced by gas turbine power generation, particularly natural gas combined cycle units. Usually, a natural gas combined cycle plant is easy to operate, easy permits, economic cost of building and higher efficiency with requirement of less staff.  With forecasted prices of gas between USD 4 to USD 6 MMBTU for the recent future, and CO2 emissions within the EPA prescription, natural gas combined cycle plants will be the obvious choice for large-scale power generation. Coal retirement and low natural gas prices are thus fueling the need for both open and combined cycle capacity incorporation. GE anticipates that half of its orders received for grid-connected capacity in North America for this decade will come from gas power generation.

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