Aeroderivative Gas Turbine Market Size, Share and Global Trend By Capacity (Up to 500kW, 500kW to 1MW, 1MW to 30MW, Above 30MW), By Technology (Open Cycle, Combined Cycle), By Application (Power Plant, Oil & Gas, Process Plant, Aviation, Marine, Others) and Regional Forecast, 2024-2032

The Aeroderivative Gas Turbine is a type of lightweight gas turbine. Owing to the increase in demand for clean energy from the increasing population and rising industrial. Also, stringent carbon emission standard by various countries, which resulted in increased investment for up-gradation of the traditional power plant to gas-fired power plant. The aero-derivative gas turbine is the low combustion technology, reduces the emission of harmful gases like NO2. It is an ideal solution in an application where a small footprint and lightweight devices are required. Also, it is a highly efficient and durable choice for onshore and offshore mechanical drive and power generation.

The aero-derivative gas turbine is designed for fast installation, simple maintenance, and easy integration into an existing operation. It is widely used in the aeronautical industry and the marine industry to reduce weight. In the USA, new shale gas field has discovered which increased in the domestic gas production and lower gas price. The electricity production from gas is cheaper and more efficient as compared to coal. These are the factors that drive the growth of the global aero-derivative gas turbine market.

Based on the capacity, the global aero-derivative gas turbine market can be segmented into less than Up to 500kW, 500kW to 1MW, 1MW to 30MW and above 30MW. The capacity ranging from 1MW to 30MW aero-derivative gas turbine is expected to dominate the market in the above segmentation. It has wide application in the on-sight electricity generation plants like combined heat and power systems etc. The system of above 30MW category aero-derivative gas turbine is compact in size, light in weight, less number of moving parts, and it is highly efficient. Also, it emits low carbon during the process and very fewer electricity costs associated with the system. These are the factors that help to aero-derivative gas turbine market to grow.

Based on technology, the global aero-derivative gas turbine market is segmented into an open cycle and combined cycle. The open cycle aero-derivative gas turbine is compact in size and light in weight. Aeroderivative gas turbines are highly efficient and rugged choices for onshore and offshore mechanical drive and power generation. They are used in pipeline compression, offshore platforms, gas re-injection, and LNG liquefaction. Also, it is designed for fast installation and very easy for maintenance. It is a low carbon technology. An open-cycle aero-derivative gas turbine is installed across the airplanes to minimize the overall weight.

Based on application, the global aero-derivative gas turbine market is segmented into the power plant, oil & gas, process plant, aviation, and marine. The Aeroderivative gas turbine is widely used in the aviation industry. It is used to power the aircraft engines owing to its lightweight and high power capacity to lift heavy airplanes — also, its wide application in military aircraft which shows robust growth in the aviation industry. The Aeroderivative gas turbine has widely used in the power plant for clean energy generation. The rise in demand for renewable sources of energy from the increasing world population and the increase in industrial activities, which resulted in the expansion of CHP plants with developing distribution power generation technologies. These are the factors that lead to the rise in demand for an aeroderivative gas turbine.

The factor that is expected to drive the growth of the global aero-derivative gas turbine market is curbed the carbon emission, and traditional power plants are being replaced by gas turbine power plant for power generation; as a result number of power plants restored their conventional turbine with an aeroderivative gas turbine. The capability of generating a large amount of power with more efficiency and wastage, which tends to growth of global aero-derivative gas turbine market. Aeroderivative gas turbines are smaller in size, lighter in weight and require less space so it can be easily installed. Aeroderivative gas turbines are durable and require low maintenance as compared to another turbine. Every country increasing its military power and aircraft plays a vital role to strengthen military power. Owing to its advanced feature, it is widely used in military aircraft. These are the factors that help to grow the global aero-derivative gas turbine market.

The factor that is expected to restrain the growth of the global aero-derivative gas turbine market. It has a limited ability to use different fuel as compare to another turbine. Material required for making the turbine must be stronger, more heat resistance, and expensive. It is incompatible with solid fuels like coal.

KEY PLAYERS COVERED

Some of the major companies in the global aero-derivative gas turbine market are Siemens AG, General Electric, Mitsubishi Hitachi Power Systems, Rolls-Royce, Ansaldo Energia, ABB, Capstone Turbine, NPO Saturn, Harbin Electric International Company, Opra Turbines, and Kawasaki Heavy Industries.

SEGMENTATION

Regional Analysis

The global aero-derivative gas turbine market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, the USA is the dominating market in the region. Increase investment in the for the up-gradation of the traditional power plants to curb the carbon emission, especially the installation of combined cycle gas turbine plant for power generation. The US shale revolution amplified the natural gas production, which resulted in development in the drilling and extraction process in the region. This makes gas-fired technology a low cost and reliable source of energy. Also, the USA has the largest aerospace company and has the world’s largest aircraft in its arsenal. These are the factors that lead to the aero-derivative gas turbine market to grow. In Europe to curb the carbon emission from coal-based power plants. The European electricity system changed the infrastructure for electricity generation from coal to gas. Such a change in a gas-based power plant is expected to drive demand for aero-derivative gas turbines. In the Asia Pacific, China and Japan are the dominating markets for the aero-derivative gas turbine. Japan is restructuring its power supply system. Gas turbines have become a popular source of energy for manufacturing plants needing electricity and heat. In China, owing to the up-gradation of traditional power generation plants to gas-fired electricity generation plants to curb carbon emission in the region. Also, the aeronautical industry has been growing in the region, which is expected to drive the aero-derivative gas turbine market. In Latin America, there has been increasing in clean sources of power generation to curb carbon emission, which tends to a positive outlook towards gas-based electricity generation.

Key Industry Developments

• In Mar 2019, Siemens will provide power equipment for the gas power plant in Bayat power plant, Afghanistan. The mobile solution at plant utilizes an aero-derivative gas turbine which would provide up to 41MW of electricity.
• In Jun 2019, Baker Hughes inaugurated its multi-modal facility for oil and gas in Luanda, Angola. This new facility will service BHGE’s product company’s capabilities in oilfield service, oilfield equipment, turbomachinery and process solution, and digital services. Also, for the development of infrastructure a broad range of equipment like drilling, wellbore, wireline, and aero-derivative turbomachinery is to be delivered.
• In Nov 2018, General Electric has signed an agreement with Baker Hughes to hike the sale of critical rotating equipment like aero-derivative and heavy-duty gas turbine technology as well as access to General Electric Digital’s software and tech which is widely used in oil & gas industrial spaces.