"Actionable Insights to Fuel Your Growth"
The Aeroderivative Gas Turbine is a type of lightweight gas turbine. Owing to the increase in demand for clean energy from the increasing population and rising industrial. Also, stringent carbon emission standard by various countries, which resulted in increased investment for up-gradation of the traditional power plant to gas-fired power plant. The aero-derivative gas turbine is the low combustion technology, reduces the emission of harmful gases like NO2. It is an ideal solution in an application where a small footprint and lightweight devices are required. Also, it is a highly efficient and durable choice for onshore and offshore mechanical drive and power generation.
The aero-derivative gas turbine is designed for fast installation, simple maintenance, and easy integration into an existing operation. It is widely used in the aeronautical industry and the marine industry to reduce weight. In the USA, new shale gas field has discovered which increased in the domestic gas production and lower gas price. The electricity production from gas is cheaper and more efficient as compared to coal. These are the factors that drive the growth of the global aero-derivative gas turbine market.
To gain extensive insights into the market, Request for Customization
Based on the capacity, the global aero-derivative gas turbine market can be segmented into less than Up to 500kW, 500kW to 1MW, 1MW to 30MW and above 30MW. The capacity ranging from 1MW to 30MW aero-derivative gas turbine is expected to dominate the market in the above segmentation. It has wide application in the on-sight electricity generation plants like combined heat and power systems etc. The system of above 30MW category aero-derivative gas turbine is compact in size, light in weight, less number of moving parts, and it is highly efficient. Also, it emits low carbon during the process and very fewer electricity costs associated with the system. These are the factors that help to aero-derivative gas turbine market to grow.
Based on technology, the global aero-derivative gas turbine market is segmented into an open cycle and combined cycle. The open cycle aero-derivative gas turbine is compact in size and light in weight. Aeroderivative gas turbines are highly efficient and rugged choices for onshore and offshore mechanical drive and power generation. They are used in pipeline compression, offshore platforms, gas re-injection, and LNG liquefaction. Also, it is designed for fast installation and very easy for maintenance. It is a low carbon technology. An open-cycle aero-derivative gas turbine is installed across the airplanes to minimize the overall weight.
Based on application, the global aero-derivative gas turbine market is segmented into the power plant, oil & gas, process plant, aviation, and marine. The Aeroderivative gas turbine is widely used in the aviation industry. It is used to power the aircraft engines owing to its lightweight and high power capacity to lift heavy airplanes — also, its wide application in military aircraft which shows robust growth in the aviation industry. The Aeroderivative gas turbine has widely used in the power plant for clean energy generation. The rise in demand for renewable sources of energy from the increasing world population and the increase in industrial activities, which resulted in the expansion of CHP plants with developing distribution power generation technologies. These are the factors that lead to the rise in demand for an aeroderivative gas turbine.
The factor that is expected to drive the growth of the global aero-derivative gas turbine market is curbed the carbon emission, and traditional power plants are being replaced by gas turbine power plant for power generation; as a result number of power plants restored their conventional turbine with an aeroderivative gas turbine. The capability of generating a large amount of power with more efficiency and wastage, which tends to growth of global aero-derivative gas turbine market. Aeroderivative gas turbines are smaller in size, lighter in weight and require less space so it can be easily installed. Aeroderivative gas turbines are durable and require low maintenance as compared to another turbine. Every country increasing its military power and aircraft plays a vital role to strengthen military power. Owing to its advanced feature, it is widely used in military aircraft. These are the factors that help to grow the global aero-derivative gas turbine market.
The factor that is expected to restrain the growth of the global aero-derivative gas turbine market. It has a limited ability to use different fuel as compare to another turbine. Material required for making the turbine must be stronger, more heat resistance, and expensive. It is incompatible with solid fuels like coal.
Some of the major companies in the global aero-derivative gas turbine market are Siemens AG, General Electric, Mitsubishi Hitachi Power Systems, Rolls-Royce, Ansaldo Energia, ABB, Capstone Turbine, NPO Saturn, Harbin Electric International Company, Opra Turbines, and Kawasaki Heavy Industries.
· Up to 500kW
· 500kW to 1MW
· 1MW to 30MW
· Above 30MW
· Open Cycle
· Combined Cycle
· Power Plant
· Oil & Gas
· Process Plant
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The global aero-derivative gas turbine market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, the USA is the dominating market in the region. Increase investment in the for the up-gradation of the traditional power plants to curb the carbon emission, especially the installation of combined cycle gas turbine plant for power generation. The US shale revolution amplified the natural gas production, which resulted in development in the drilling and extraction process in the region. This makes gas-fired technology a low cost and reliable source of energy. Also, the USA has the largest aerospace company and has the world’s largest aircraft in its arsenal. These are the factors that lead to the aero-derivative gas turbine market to grow. In Europe to curb the carbon emission from coal-based power plants. The European electricity system changed the infrastructure for electricity generation from coal to gas. Such a change in a gas-based power plant is expected to drive demand for aero-derivative gas turbines. In the Asia Pacific, China and Japan are the dominating markets for the aero-derivative gas turbine. Japan is restructuring its power supply system. Gas turbines have become a popular source of energy for manufacturing plants needing electricity and heat. In China, owing to the up-gradation of traditional power generation plants to gas-fired electricity generation plants to curb carbon emission in the region. Also, the aeronautical industry has been growing in the region, which is expected to drive the aero-derivative gas turbine market. In Latin America, there has been increasing in clean sources of power generation to curb carbon emission, which tends to a positive outlook towards gas-based electricity generation.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry