Worldwide Sales Forecast
Equipment-only sales forecast totaling $54.2 billion, expected by 2025 for Heavy Duty, Light Industrial and Aeroderivative gas turbine orders by the Electric Power Utility and Oil & Gas sectors of the world market. The annual Market Forecast is available for purchase: CLICK HERE
Includes industrial gas turbine market and worldwide sales forecast, by OEM, by technology (Heavy Duty, Light Industrial, Aeroderivative), by capacity (MW ratings), including 10-year sales forecast for each gas turbine model. Covering over 95% of global industrial gas turbine sales.
Gas Turbine market segmentation includes:
- Sectors (Electric Power Utility, Oil & Gas)
- Geographic (Regions, Countries)
- Technologies (Heavy Frame, Aeroderivative, Light Industrial)
- Applications (Power Generation, Mechanical Drive)
- Installation (Land-based, Offshore)
Gas Turbine World’s Market Forecast is produced annually. The Market Forecast is the result of 100s of hours of research and over 50 interviews with Gas Turbine OEMs, Sector End Users, and Industry Consultants accounting for historical sales, demand and forecasted sales pipeline, with unit-by-unit sales projections offering baseline, upside, and downside sales forecasts. To purchase the 2020 Market Forecast, please visit: https://gasturbineworld.com/product-category/annual-forecast/
Who should buy the Market Forecast?
Gas Turbine OEMs, Subcontractors, Product and Service Suppliers looking for competitive insight into total unit sales historically, annual sales by model and capacity (MW ratings), and future sales projections based on market demand.
Analysts, Insurers, financial institutions looking for a worldwide sales forecast with insight into market, historical sales, YoY sales growth, OEM and model market share. The forecast data spreadsheets (in Excel) included with the Market Forecast allow Analysts to create different ranges/views of sales data.
Company Managers and Executives responsible for engineering R&D, new product design and development, manufacturing facilities, sales, departmental budget proposals and approvals for near- and long-term corporate operations.
Aftermarket suppliers: Do a large percentage your sales come from a single model unit turbine? Contact us, we’ll share some insight. Gas Turbine World’s Market Forecast is an essential tool for budgeting sales of aftermarket products and services.
Gas Turbine World’s annual Market Forecast is modeled based on our database of historical sales and installations for the past 40+ years, and factors into account the impact of alternative energy technologies (such as wind and solar renewables), retirement of coal/nuclear plants, pipeline and refinery expansion, natural gas and LNG fuel resources, competition of advanced generation and larger (300MW+) gas turbine units, trend towards higher simple/combined cycle efficiencies, lower emissions, fuel flexibility, availability and prices, environmental regulations, global economic growth and energy demand.
Important Update (April 2020): As a result of collapsing oil prices and the global Covid-19 pandemic, the annual 10-year Market Forecast of Global Industrial Gas Turbine Sales has been updated with a 2020-23 sales and forecast impact chart, with projection ranges based on length/time of continued market turbulence.