Aeroderivative Gas Turbine Market Analysis

Technology (Open Cycle, Combined Cycle)

The open cycle segment in the aeroderivative gas turbine market is estimated to gain a robust revenue share of 60% in the coming years. Open-cycle gas turbines are powered by liquid fuel and can achieve an efficiency of more than 30% while meeting the strictest flexibility requirements. They are also compact and lightweight and pull air from the environment, which helps produce high energy with minimal fuel usage.

Application (Power Plants, Process Plants, Aviation, Marine, Oil & Gas)

Aviation segment is set to garner a notable share shortly. Aeroderivative gas turbines are aircraft engines that are smaller and lighter than industrial gas turbines that have been modified by engine manufacturers and are generally based on existing aircraft gas turbine engines. Moreover, they have evolved from market-leading aircraft engine designs and are used to power aircraft engines owing to their lightweight and high power capacity to lift heavy airplanes.

Our in-depth analysis of the global market includes the following segments: