Global Gas Turbine market will reach 29.62 billion US$ by the end of 2025
Published Date: 2019/9/18
The Gas Turbine are expected to grow at a CAGR of 10.98% from 14.28 billion USD in 2018 to reach 29.62 billion USD by 2025 in global market. The Gas Turbine market is very concerted market; the revenue of top eight manufacturers accounts about 94% of the total revenue in 2017. The high-end products mainly come from USA and Europe.
The leading manufactures mainly are GE, Siemens, MHPS, Ansaldo and Kawasaki. GE is the largest manufacturer; its revenue of global market exceeds 49% in 2018.
There are mainly three type product of Gas Turbine market: Light Duty Type, Aeroderivative Type and Heavy Duty Type.
Geographically, the global Gas Turbine production market has been segmented into USA, Europe and RoW. The USA held the largest share in the global market, its revenue of global market exceeds 59% in 2018.
Asia-Pacific is the largest consumption region of Gas Turbine market; its consumption of global market exceeds 42% in 2018.
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