Aeroderivative Gas Turbine Market Segmentation:
Fuel Type Segment Analysis
Natural gas takes the lead with an estimated 45% market share of revenues by 2035 due to infrastructure maturity and availability, states the U.S. DOE. Nearly 2,400 billion cubic feet (Bcf) of natural gas in the form of LNG were exported by the United States in 2020 in the form of huge LNG tanker ships. A smaller amount was transported by truck or container. As of August 2021, the United States had shipped LNG to 40 nations across five continents. Its lower CO₂ emissions than coal or oil are consistent with stricter EPA regulations towards 2030 CO₂ reduction. Fuel preference supports operational dependability and competitiveness to drive big-power and industrial customers.
Power Output Segment Analysis
The 10-20 MW capacity power sub-sector is expected to retain 42% market share in 2035, reflecting the balance of capability and modularity appropriate for industrial and distributed energy applications. Distributed generation capacity is expected to increase according to the U.S. Energy Information Administration's prediction. The turbines are highly efficient and have a fast response, addressing onsite power and cogeneration markets. Their ability to scale and use low-carbon fuels places them at the top of the list in grids focusing on resiliency and emissions reductions. The increasing expansion of renewable energy generation plants is foreseen to double the revenue of advanced aeroderivative gas turbine producers.
Application Segment Analysis
The power generation sub-segment is expected to capture 37% of market revenue in 2035. The aeroderivative gas turbine is the most sought-after component in the power generation facilities. The constant rise in the consumption of energy is likely to register a stable demand for aeroderivative gas turbines. From 2.5% in 2023 to a 4.3% year-over-year increase in 2024, electricity consumption is predicted to expand at a strong 3.9% rate during 2025-2027. China accounted for 54% of the increase in worldwide power demand in 2024, with emerging economies seeing the majority of this growth. Developing nations will continue to be the main drivers of growth through 2027, contributing over half of the increases and around 85% of the increased global demand for energy. All these trends position aeroderivative turbines at the forefront of utility assets to address variable load management and decarbonization goals.
Our in-depth analysis of the global aeroderivative gas turbine market includes the following segments:
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