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

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.

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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Published Date:  Jul 2016
Category:  Energy Utilities
Report ID:   57985
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
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