Gas Turbine Electrical Power Generation Market is expected to reach USD 21,180.5 Bn expanding at a CAGR of 3.4% from 2016 to 2022 – Acute Market Reports

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AcuteMarketReports.com has Published New Research Report Title “Global Gas Turbine Electrical Power Generation Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies And Forecasts, 2016 To 2022″Market Research report to their Database

Gas Turbine Electrical Power Generation Market (Turbine Type: Open and Combined Cycle Gas Turbine; Power Generating Fuel: Fuel Oil, Natural Gas, Kerosene, Diesel and others): Growth, Future Prospects and Competitive Analysis, 2016-2022, the gas turbine electrical power generation market was valued at USD16,515.5Bn in 2015, and is expected to reach USD 21,180.5 Bn by 2022, expanding at a CAGR of 3.4% from 2016 to 2022.

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Market Insights
The demand for gas turbines can be directly linked to the development in gas-fired power plants. However, the production and supply of most of the world’s natural gas is concentrated in a few countries, causing price disparity for importers. Moreover, supply disruptions are prevailing due to the geo-political tensions and pipelines & related infrastructure issues. Hence, factors such as price disparity in international trade of natural gas and continuing concerns over stable natural gas supply are restraining the market for gas turbines.
In year 2015, it was observed that open cycle gas turbine was leading the overall market with market value USD 9,487.1 million due to high adoption rate, initial technology, and affordable price compared to combination cycle. However, the ground breaking advantages of combination cycle such as high energy efficiency, and energy output are expected assist the significant growth of this segment throughout the forecast period.The demand for gas turbines is experiencing significant growth worldwide due to favorable regulations and fuel availability. Power generating companies are keen to switch from environmental foes like gas and view gas turbines as a swift and flexible alternative with low capital requirement. More and more demand for gas turbines is coming from fast-developing economies. The use of gas turbine is also encouraged as a part of domestic environmental policies.
The largest share of electricity in Europe still comes from gas turbine and steam-based power plants, but the amount of electricity generated from renewables is considerably growing. Electricity demand from both emerging and mature economies in the region and decommissioning of old thermal power plants and nuclear power facilities are some of the key driving factors for Europe market. The replacement needs across US, France, Italy and Germany are high due to decommissioning and growing legal compliance requirements, this will fuel the demand for gas turbines in Western Europe. Orders placed before the economic turmoil of 2007-2008 are have been aptly fulfilled in Europe and new orders though low in numbers on a gradual rise. Western Europe market for gas turbines offer a favorable outlook and will gain steady pace through the forecast period. Combined heat and power plants based on gas turbines generates a significant portion of energy in Europe, the share is approximately 12% in Germany and the government intends to raise that to 25% by 2030. Other countries in Europe are anticipated to follow the same suit.
This market has already matured and is characterized by consolidation activities. GE, Siemens and Mitsubishi Hitachi Power Systems are some of the biggest names in the market. Additionally, Rolls Royce leads specialized in small turbines business. Technical establishment and humongous capital requirements are the most critical entry barriers in the gas turbine electrical power generation market. A majority of these players have realized he significant market opportunities that are yet untapped in the Asian markets and are increasingly targeting the national markets of South Asia.

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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Global Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2015, (US$ Mn)
2.2 Global Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuels, 2015 v/s 2022, (Value %)
2.3 Global Gas Turbine Electrical Power Generation Market Revenue, by Geography, 2015, (USD Million)

Chapter 3 Global Gas Turbine Electrical Power Generation Market Overview
3.1 Overview
3.1.1 Global Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
3.2 Market Inclination Insights
3.2.1 Evolution of Gas Turbine Electrical Power Generation in Market
3.3 Market Drivers
3.3.1 High Demand from Asia Pacific for Electrical Power Generation
3.3.2 Low Level of Emissions from Gas Turbines for Power Generation
3.4 Market Restraints
3.4.1 Volatile Prices of Natural Gas and Oil
3.5 Market Opportunities
3.5.1 Growing Opportunities as Shale Gas and Coal Bed Methane are Considered to be Valuable Sources of Energy for Future
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers Restraints and Opportunities
3.7 Attractive Investment Proposition
3.8 Competitive Analysis
3.8.1 Market Positioning of Key Companies

Chapter 4 Global Gas Turbine Electrical Power Generation Market Analysis, By Turbine Type
4.1 Overview
4.1.1 Technical Performance of Open Cycle and Combined Cycle Gas Turbines
4.1.2 Global Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type, 2014-2022, (US$ Mn)
4.2 Open Cycle Gas Turbine (OCGT)
4.2.1 Global Gas Turbine Electrical Power Generation Market Revenue for Open Cycle Gas Turbine, 2014-2022 (US$ Mn)
4.3 Combined Cycle Gas Turbine (CCGT)
4.3.1 Global Gas Turbine Electrical Power Generation Market Revenue for Combined Cycle Gas Turbine (CCGT), 2014-2022 (US$ Mn)

Chapter 5 Global Gas Turbine Electrical Power Generation Market Analysis, By Power Generating Fuels
5.1 Overview
5.1.1 Global Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuels, 2014-2022 (USD Mn)
5.2 Fuel Oils
5.2.1 Global Gas Turbine Electrical Power Generation Market Revenue for Fuel Oils, 2014-2022, (USD Mn)
5.3 Kerosene
5.3.1 Global Gas Turbine Electrical Power Generation Market Revenue for Kerosene, 2014-2022 (USD Mn)
5.4 Natural Gas
5.4.1 Global Gas Turbine Electrical Power Generation Market Revenue for Natural Gas, 2014-2022 (USD Mn)
5.5 Diesel
5.5.1 Global Gas Electrical Turbine Power Generation Market Revenue for Diesel, 2014-2022 (USD Mn)
5.6 Others
5.6.1 Global Gas Turbine Electrical Power Generation Market Revenue for Other Fuels, 2014-2022 (USD Mn)

Chapter 6 North America Gas Turbine Electrical Power Generation Market Analysis
6.1 Overview
6.2 North America Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type 2014-2022 (USD Mn)
6.2.1 SRC Analysis
6.3 North America Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
6.3.1 SRC Analysis
6.4 North America Gas Turbine Electrical Power Generation Market Revenue, by Country, 2014-2022 (USD Mn)
6.4.1 U.S. Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
6.4.1 Canada Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)

Chapter 7 Europe Gas Turbine Electrical Power Generation Market Analysis

7.1 Overview
7.2 Europe Gas Turbine Electrical Power Generation Market Revenue, by Turbine Type 2014-2022 (USD Mn)
7.2.1 SRC Analysis
7.3 Europe Gas Turbine Electrical Power Generation Market Revenue, by Power Generating Fuel, 2014-2022 (USD Mn)
7.3.1 SRC Analysis
7.4 Europe Gas Turbine Electrical Power Generation Market Revenue, by Country, 2014-2022 (USD Mn)
7.4.1 UK Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
7.4.2 France Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
7.4.3 Germany Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)
7.4.1 Rest of Europe Gas Turbine Electrical Power Generation Market Revenue, 2014-2022 (USD Mn)

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