가스터빈(Gas Turbine) 시장 규모는 2022년 99억 2,000만 달러로 평가되었고, 2023년 103억 3,000만 달러에서 2031년에는 142억 4,000만 달러로 성장 할 것으로 예상되며, 예측기간(2024-2031년) CAGR은 4.10%로 추이하며 성장할 전망입니다.
온실가스(GHG) 배출에 대한 우려는 기존 발전 유닛보다 가스 터빈을 지지하는 정부의 의무화에 의해 증폭되어 가스 터빈 시장의 성장을 가속할 전망입니다. 개발도상국의 에너지 수요 증가는 신재생에너지원으로의 전환과 함께 제품의 통합을 촉진할 것으로 예상됩니다. 특히 셰일가스 생산에 관한 기술 진보는 가스화력발전소를 우선적으로 석탄기반 전력을 단계적으로 폐지하는 세계의 이니셔티브와 함께 시장 확대를 더욱 자극할 것으로 예상됩니다. 예측에 따르면 전력 수요는 3분의 1 이상 급증할 수 있으며, 미국, 중동, 러시아를 포함한 주요 가스 생산 지역은 가스 기반 발전을 채택하기 위해 발전 인프라의 대폭적인 업그레이드를 실시해야합니다. 이 동향은 남미, 동남아시아, 아프리카의 신흥 시장에서도 현저하고, 새로운 설비가 도입되고 있으며, 예측 기간을 통해 가스 터빈 수요 증가로 이어지고 있습니다. 그러나 신재생에너지원의 효율성과 비용효과로 인한 통합 증가는 에너지정세의 변화에 따라 향후 수년간 시장정세에 과제를 가져올 수 있습니다. 업계가 이러한 변화에 적응하는 가운데, 이해관계자는 가스 의존과 재생 가능 에너지 솔루션의 실행 가능성 증가와의 균형을 잘 조정해 나가야 합니다.
Global Gas Turbine Market size was valued at USD 9.92 billion in 2022 and is poised to grow from USD 10.33 billion in 2023 to USD 14.24 billion by 2031, growing at a CAGR of 4.10% during the forecast period (2024-2031).
Concerns regarding greenhouse gas (GHG) emissions, amplified by government mandates favoring gas-fired turbines over conventional power generation units, are poised to propel the gas turbine market's growth. The escalating energy demand in developing nations, alongside the shift towards renewable energy sources, is anticipated to drive greater product integration. Advancements in technology, particularly regarding shale gas production, coupled with global initiatives to phase out coal-based power in favor of gas-fired plants, are further expected to stimulate market expansion. Future projections indicate that electricity demand may surge by over one-third, prompting key gas-producing regions, including the United States, the Middle East, and Russia, to undertake significant upgrades to their electricity generation infrastructure to embrace gas-based power generation. This trend is also evident in emerging markets across Latin America, Southeast Asia, and Africa, where fresh installations are being deployed, leading to increased demand for gas turbines throughout the forecast period. However, the rising integration of renewable energy sources-due to their efficiency and cost-effectiveness-may pose challenges to the growth of the gas turbine market in the years to come as the energy landscape evolves. As the industry adapts to these shifts, stakeholders must navigate the balance between gas dependence and the increasing viability of renewable energy solutions.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Gas Turbine market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Gas Turbine Market Segmental Analysis
Global Gas Turbine Market is segmented into Technology, Capacity, End-use, Application, and region. By Technology, the market is classified into Open Cycle, and Combined Cycle. Depending on the Capacity, it is categorized into <=200 MW, and >200 MW. According to End-use, the market is divided into Power & Utility, and Industrial. Based on Application, the market is segmented into Oil and Gas, Power Generation, Marine, Aerospace, and Process Plants. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Gas Turbine Market
The Global Gas Turbine market is poised for growth driven by several key factors, including improved efficiency and durability of gas turbines. As power generation costs decrease and stringent carbon emission regulations are implemented, the demand for gas turbines is anticipated to rise. Leading manufacturers like General Electric and Siemens are heavily investing in advanced gas turbine technologies that prioritize high efficiency. Notable examples include General Electric's 9HA/7HA CCGT series and Siemens' SGT5-8000H, both of which showcase exceptional efficiency when used in combined-cycle configurations. These advancements are integral to bolstering the global gas turbine market alongside sustainable energy initiatives.
Restraints in the Global Gas Turbine Market
The global gas turbine market faces significant restraints primarily due to the inherent challenges associated with managing natural gas. While gas-fired power plants demonstrate greater efficiency compared to their coal counterparts, the potential for methane gas leaks presents environmental risks. Methane, being odorless, goes largely undetected and is notably 82 times more potent than carbon dioxide regarding its global warming impact. This leakage is a substantial concern for environmental advocates monitoring climate change, which could negatively influence the operation of natural gas-fired power plants. Consequently, it is anticipated that governments worldwide will implement stringent gas storage regulations for these facilities, potentially hindering the market's growth in the coming years.
Market Trends of the Global Gas Turbine Market
The global gas turbine market is experiencing a robust upward trend, driven primarily by the growth in the aviation sector and the escalation of electricity demand worldwide. With a shift towards cleaner energy solutions, governments are prioritizing the replacement of coal-fired plants with gas turbines, which utilize natural gas as a cleaner alternative. This transition supports a significant reduction in greenhouse gas emissions, aligning with global sustainability goals. Additionally, rapid urbanization and infrastructure projects are further fueling electricity consumption, necessitating the expansion of power generation capacity. As emerging markets invest heavily in aviation and smart city initiatives, the demand for efficient and environmentally friendly gas turbines is set to surge, reinforcing their critical role in the energy landscape in the coming years.