Aeroderivative Gas Turbine Market Share

European Market Forecast

Aeroderivative gas turbine market in Europe is predicted to account for the largest share of 39% by 2037 impelled by the growing consumption of energy. Russian energy accounted for one-fourth of the energy used in the EU in 2021, whereas Germany had the largest primary energy consumption among the European nations in 2022. As a result, the demand for aero-derivative gas turbines may rise in the region as they are popular lightweight gas turbines that combine gas and air to produce the desired energy output. For instance, the amount of energy used in Europe each year is over 1 billion tonnes.

 North American Market Statistics

The aeroderivative gas turbine market in North America is estimated to be the second largest, during the forecast timeframe led by an increase in the production of natural gas. For instance, it was estimated that the United States currently generates more than 80% of its natural gas. Since the primary fuel for the aero-derivative gas turbine is natural gas it can increase the availability of cost-effective fuel for power generation in the region. In 2022, U.S. dry natural gas output averaged over 90 billion cubic feet per day (Bcf/d), breaking records from 2019.