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MARKET OVERVIEW

1.1 Definition and scope of study

The gas turbine industry encompasses all types of internal combustion engines. Their operation is based on the principle of combustion of gaseous or liquid materials, which causes the device to rotate mechanically. Gas turbines must be understood according to an overall mechanism based on five components: an air intake port, a compressor, a combustion chamber, a turbine, and an exhaust. While the turbine principle dates back to 1731, the date of the first patent filed by the English J. Barber, gas turbines did not really develop until the middle of the 20th century, accompanying the significant improvement in the principle of compression and reaction in the aviation sector and gradually replacing steam turbines in heavy industry. Currently, the market is organized around three main players: suppliers, manufacturers, and operators.

The global gas turbine market was valued at $18.5 billion in 2020, and it is expected to expand at $25.4 billion by 2030, growing at a CAGR of 3.3% in the forecasted period.

Nowadays, natural gas is considered the fuel of the future because of its abundance, lower emissions, and low-price characteristics. Therefore, there will be a boost in the turbine sales in the upcoming future. In addition, Italy can boast of being the first producer in the world of a hybrid turbine powered by a mixture of natural gas and hydrogen. It is called NovaLT12, and aims to reduce the environmental impact of various industrial processes: from cogeneration to transportation, and from pipeline compression to offshore.

However, the most important players in the market remain General Electrics (which has a global market share of almost 40%) and Mitsubishi Hitachi Power Systems, even if the Italian Ansaldo Energia S.p.a is gaining notoriety on a global level.

ANALYSIS OF THE DEMAND

MARKET STRUCTURE

ANALYSIS OF THE OFFER

REGULATION

POSITIONING OF THE ACTORS

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in 40 pages
Method
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Analysts

Hugo S.

chargé d'études économiques, Xerfi

Hugo S.

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Mathieu Luinaud

Associate Consultant

Mathieu Luinaud

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Education Formation
Robin C.

PhD Industrial transformations

Robin C.

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Pierre D.

Analyst

Pierre D.

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Arnaud W.
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Ross Alumni Club France

Arnaud W.

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Amaury de Balincourt
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Analyste de marché chez Businesscoot

Amaury de Balincourt

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Pierrick C.

Consultant

Pierrick C.

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Maelle V.

Project Finance Analyst, Consulting

Maelle V.

Héloise Fruchard

Etudiante en Double-Diplôme Ingénieur-Manager Centrale

Héloise Fruchard

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Imane E.

EDHEC

Imane E.

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Vincent D.

Auditeur

Vincent D.

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Eva-Garance T.

Eva-Garance T.

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Michela G.

Market Research Analyst

Michela G.

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Azelie P.

Market Research Analyst @Businesscoot

Azelie P.

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Cantiane G.

Market Research Analyst @Businesscoot

Cantiane G.

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Jules D.

Consultant

Jules D.

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Alexia V.

Alexia V.

Emil Ohlsson

Emil Ohlsson

Anna O.

Anna O.

Gabriel S.

Gabriel S.