Industry Background:
Aeroderivative Gas Turbine is a lighter weight variation of a gas turbine that plays a critically important role in the gas distribution and cogeneration industry. These turbines start up more quickly for peak and emergency electricity generation applications. These turbines are also being used to balance the integration of variable power sources, like wind and solar, into the electricity grid. Moreover, turbines are well suited for highly efficient cogeneration, more flexible combined cycle plants, and mechanical drive applications essential to the production and distribution of oil and gas.This growth is primarily driven by Preference for Energy Optimization, Growing Demand for Cogeneration Applications and Light Weight of Aeroderivative Gas Turbines.
Globally, a noticeable market trend is evident Growing Adoption of Low Emissions Technology. Major Manufacturers, such as General Electric Company (United States), Siemens AG (Germany), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Wärtsilä Oyj Abp (Finland), Kawasaki Heavy Industries Ltd. (Japan), Opra Turbines B.V. (The Netherlands), Solar Turbines Incorporated (United States), Harbin Turbine Company Limited (China), Bharat Heavy Electricals Limited (India), Vericor Power Systems (United States), MAN Energy Solutions (Germany), Capstone Turbine Corporation (United States), Cryostar (France), UEC Saturn (Russia) and Zorya-Mashproekt (Ukraine) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2019, Sulzer Ltd., a Swiss industrial engineering and manufacturing firm acquired Alba Power, a leading independent service provider for aero-derivative gas turbines. Through this acquisition, Sulzer diversified its gas turbine service business into distributed power and offshore as well as marine applications.
In November 2017, Siemens AG launched SGT-A45 TR, a mobile 44-MW aeroderivative gas turbine for the power market. This is a compact size turbine designed to provide more power and higher efficiency compared to the currently available mobile gas turbine. This turbine uses liquid or gas fuel and can go from 50 Hz to 60 Hz or vice versa with a simple field re-configuration with no changes to the hardware.
Market Drivers
- Preference for Energy Optimization
- Growing Demand for Cogeneration Applications
- Light Weight of Aeroderivative Gas Turbines
Market Trend
- Growing Adoption of Low Emissions Technology
Restraints
- High Cost of Aeroderivative Gas Turbines
Opportunities
Growing Investment In Military and Aerospace for Aeroderivative Gas Turbines, Growing Focus toward Decentralized Generation Technologies and Increasing Use in Offshore Platforms, Processing Facilities, and LNG Plants
Challenges
High Maintenance Cost
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Aeroderivative Gas Turbine Study Sheds Light on
The Aeroderivative Gas Turbine Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Aeroderivative Gas Turbine industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aeroderivative Gas Turbine industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.