Aeroderivative Gas Turbine Market was valued at USD 7.5 Billion in 2022 and is projected to reach USD 12.1 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
Between 2018 and 2022, the global market for aeroderivative gas turbines was valued at several billion dollars, with substantial growth across both developed and developing regions. Factors such as industrialization, the need for reliable power backup, and the rising demand for energy efficiency played crucial roles in driving this market. In 2021 alone, the global market for aeroderivative gas turbines was reported to have grown at a compound annual growth rate (CAGR) of 3.5%. Despite the COVID-19 pandemic, the market rebounded quickly due to a shift toward cleaner, more efficient energy solutions, along with the growing demand for power in emerging markets. These turbines' use in industrial, combined cycle, and renewable energy applications further supported this growth.
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The aeroderivative gas turbine market has witnessed significant changes between 2018 and 2022. During this period, rapid technological advancements, along with a growing demand for flexible and efficient power generation, led to increased adoption of these turbines across various sectors, particularly in the oil and gas and power generation industries. Aeroderivative turbines, known for their high efficiency, low emissions, and quick startup capabilities, became the preferred choice for many operators seeking to meet the rising energy demands with minimal environmental impact. In the years following 2022, the aeroderivative gas turbine market has seen a surge in demand, largely driven by the ongoing transition toward more sustainable energy solutions and the global push for reduced carbon footprints.
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Siemens
MHPS
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aeroderivative Gas Turbine Market
Mobility Aeroderivative Gas Turbine
Power Generation Aeroderivative Gas Turbine
Oil and Gas
Based on Types the Market is categorized into Below types that held the largest Aeroderivative Gas Turbine market share In 2023.
below 30MW
More Than or Equal to 30MW
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aeroderivative Gas Turbine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aeroderivative Gas Turbine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aeroderivative Gas Turbine Market, By Type
6. Global Aeroderivative Gas Turbine Market, By Application
7. Global Aeroderivative Gas Turbine Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Aeroderivative Gas Turbine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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