Gas Turbine Upgrade For Performance Enhancement Market Size, Share And Global Trend And By Turbine Cycle (Simple Turbine Cycle, Combined Turbine Cycle), By Upgrade Method (Comprehensive Upgrade, Hot Section Coating, Compressor Coating, Inlet Air Fogging), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI100491 | Status : Ongoing

KEY MARKET INSIGHTS

The gas turbine is extensively used in transportation, industrial processes, and powering everything from planes to ships to heavy machinery. Since its inception gas turbine technology steadily evolved and continues to develop. Gas turbine upgrade is essential to enhance the power output, performance, efficiency, and to increase the maintenance interval period. Elevated consumption of electricity around the world have evolved the deployment of the gas turbine in a different power plant in every corner of the world. A gas turbine is a combustion engine which utilizes natural gas or other gaseous fuels to rotate turbine blade for generating electricity.

Thus a huge amount of conventional fuel is used causing drastic environmental degradation. The world leader and many countries are drafting environment protection and energy security policies. Thus, power plant operators and companies involved in power generation are investing in the development of gas turbine performance. Hi-tech technologies are being developed by leading companies in order to upgrade gas turbine performance and ongoing strict pollution norms are anticipating the growth of the gas turbine upgrade for performance enhancement.

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Gas turbine upgrade for performance enhancement market is classified on the basis of the turbine cycle and upgrade method. Turbine cycle is classified into a simple cycle and combined cycle. A simple cycle is most commonly used in power plant due to its ability to quickly reach full power. In combined cycle power plant uses both gas and steam turbine to produce more electricity from the same traditional simply cycle plant. The upgrade method is further divided into the comprehensive upgrade, hot section coating, compressor coating, inlet air coating, and others. The comprehensive upgrade involves the replacement of flange-to-flange parts with more advanced design whereas in hot coating a thermal barriers coating or ceramic coating is applied to hot section parts. Compressor coating provides a smoother, more aerodynamic surface in order to increase the gas turbine efficiency. By increasing the inlet air density one can see the improvement in the performance of the gas turbine.

The companies are investing massively in order to boost the performance of the gas turbine and comply with ongoing strict environmental protection policies to combat rising global warming. Gas turbine upgrade not only saves the valuable fossil fuels by intensifying the performance but also increase the gas turbine output is expected to drive the gas turbine upgrade market.

Advanced and precisely developed technology are being utilized which are quite expensive in obstructing the growth of the gas turbine upgrade for performance enhancement market. More research and development is needed to establish the available method which restricts the development of gas turbine upgrade for performance enhancement market.

Key Players Covered

Some of the top companies for gas turbine upgrade for performance enhancement market are General Electric, Siemens, Mitsubishi Hitachi Power Systems (MHPS), Siemens AG, Centrax Industries Ltd., Mee Industries, Industrial Turbine Systems, and B&B-AGEMA GmbH.

SEGMENTATION

SEGMENTATION	Details
By Turbine Cycle	· Simple Turbine Cycle · Combined Turbine Cycle
By Upgrade Method	· Comprehensive Upgrade · Hot Section Coating · Compressor Coating · Inlet Air Fogging · Others
By Geography	· North America (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 Middle East & Africa)

Regional Analysis

The global gas turbine upgrade for performance enhancement market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The gas turbine utilization in North America is well evolved due to extreme demand in power generation and marine application. Government agencies and international environment protection organization are drafting stringent emission policies to act against increasing carbon footprint. Thus, operators are investing heavily in order to increase the performance of the gas turbine and to reduce toxic emission to boost the gas turbine upgrade for performance enhancement market in North America. European countries are implementing one of the toughest environment protection policies to combat greenhouse gas emission (GHG). Strict regulations on the emission of NOx, CO, HC, etc. is making manufacturers of the gas turbine invest in enhancement in the performance of the gas turbine. Therefore, ongoing research and investment are anticipating the growth of the gas turbine upgrade for performance enhancement market in Europe. In the emerging economies of Asia Pacific, increasing demand for energy, economic growth and need to improve electricity access is expected to increase the development of gas turbine upgrade market. Technological development program and hefty investment in order to enhance gas turbine output are expected to increase gas turbine upgrade market in the Asia Pacific. Development in E&P of hydrocarbon along with the increase in offshore activities has double the utilization of gas turbine in MEA. Companies are focussing on performance enhancement of gas turbine and initiating research program which driving the gas turbine upgrade for performance enhancement market in MEA.

Key Industry Developments

In May 2019, GE’s MXL2 turbine upgrade provide total plant solution to increase power output by 30MW at Azito’s plant in Ivory Coast. The gas turbine enhancement program will boost efficiency, output, reliability, and significantly extended service intervals.

In March 2019, GE has collaborated with Uniper to unveil world’s first high-efficiency upgrade for the GT-26 which significantly decreases fuel cost, increase plant output up to 55MW per unit and extends maintenance intervals by up to two years.

In November 2018, Mitsubishi Hitachi Power Systems (MHPS) has been selected by Taiwan Power Company (Taipower) for the refurbishment of equipment at two thermal power plants. The gas turbine upgrade involves seven M501F gas turbines at Nanpu and Datan Power Plants.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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