Key vendors are developing gas turbines with higher efficiencies to increase their sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global combined cycle gas turbine market in their latest research report. This report also lists vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of the turbines of different designs.
- Heavy-duty gas turbine: It has extensive application in large-scale power generation and used of CCGTs is high for power generation.
- Aeroderivative gas turbine: It has features like quick start-up for emergency and peak power, high efficiency, lower weight with a smaller footprint, and simplified installation and maintenance.
This Technavio report, under tools and components vertical, is based on the synthesis, analysis, and interpretation of information about the global combined cycle gas turbine market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The competition in the market is maintained by the large established players. These companies focus on upgrading their product portfolio and increase the efficiency to sustain the intense competition in the market. The manufacturers are expanding their service networks to offer better aftermarket services and increase the investment opportunities in the market. The companies are focusing to develop their manufacturing facilities to increase their market share and meet the customer demands. The vendors are competing on the basis of optimize planning, implementation times, and lower life-cycle costs. Moreover, the players are increasing their global footprint by investing and exploring new opportunities in emerging nations like China and Japan.
“The stringent regulations set up the government to control emission will prompt vendors to invest towards the production of cleaner and more efficient energy. The players in the market are using carbon capture technologies to increase renewable power generation. The development initiatives undertaken by the companies will increase efficiency in power production during the forecast period,” says Anju Ajaykumar, a lead analyst at Technavio for research on tools and components.
Top five vendors in the combined cycle gas turbine market space
Ansaldo Energia
The company provides a range of services for thermoelectric power plants, thermal power plants, combined cycle power plants, open cycle power plants, and geothermal power plants. The company also provides plant engineering services that include process, mechanical, and civil engineering installation and start-up. Recently, the company acquired Alstom’s advanced HDGT business and a subsidiary company, Power System Manufacturing, from GE.
Some key products: AE64.3A, AE94.3A, AE94.2, etc.
GE
GE’s offers products and services range from aircraft engines, oil and gas production equipment, power generation, and household appliances to medical imaging, industrial products, and business and consumer financing. In recent times, GE’s energy start-up unit Current acquired Daintree Networks, a provider of building controls solutions designed for commercial facilities.
Some key products: 9F.06 gas turbines (50 Hz), 9F.05 gas turbines (50 Hz), 9F.03/9F.04 gas turbines (50 Hz), etc.
Kawasaki Heavy Industries
The company’s product portfolio includes aircraft, motorcycles, helicopters, jet engines, general-purpose robots, merchant ships, hydraulic pumps and motors, and aerodynamic machinery. It also aims to promote programs that can assess and register environmentally conscious products like gas turbine cogeneration systems to reduce the environmental impact during both production and usage.
Some key products: Gas turbine cogeneration systems (Kawasaki GPB series), Standby generator sets (Kawasaki GPS series), etc.
Mitsubishi Hitachi Power Systems
The company manufactures thermal power generation systems. It also offers fossil fuel-powered plant solutions, including gas turbines, GTCC power plants, conventional power plants, integrated coal gasification combined cycle plants, boilers, boiler machinery, steam turbines, turbine generators, and flue gas equipment.
Some key products: F-series, G-series (M501G, M501GAC, M501GAC-Fast), J-series (M501J, M501JAC), etc.
Siemens
Siemens produces energy-efficient and resource-saving technologies. The company’s power and gas division focuses on designing new products to improve the efficiency and flexibility of power generation in the oil and gas industry. It primarily focuses on low-emission gas turbines for a single operation or combined cycle power plants.
Some key products: VECTRA 40G power turbines, KG2-3G gas turbines, KG2-3E gas turbines, DR-61 power turbines, etc.
A more detailed analysis is available in the Technavio report, Global Combined Cycle Gas Turbine Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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