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:

Technology	Open Cycle Combined Cycle
Capacity	≤ 50 kW > 50 to 500 kW > 500 kW to 1 MW > 1 to 30 MW > 30 to 70 MW > 70 MW
Application	Power Plants Process Plants Aviation Marine Oil & Gas

Frequently Asked Questions (FAQ)

The rising integration of renewable energy and the growing emphasis on sustainability are the major factors driving the growth of the market.

The market size of Aeroderivative Gas Turbine is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024 â€“ 2036.

The major players in the market are General Electric, Ansaldo Energia, Nanjing Turbine & Electric Machinery, Baker Hughes Company, Harbin Electric Corporation, Capstone Green Energy Corporation, UEC-Saturn, OPRA Turbines, MAN Energy Solutions, Bharat Heavy Electricals Limited (BHEL), Kawasaki Heavy Industries, Ltd.

The open cycle segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the European region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Aeroderivative Gas Turbine Market Analysis