Single Shaft Turbine Market, By Type, By Power Rating, By End-use Industry, By Application, By Geography

Description

The single shaft turbine market size is expected to reach US$ 3.78 billion by 2030, from US$ 2.63 billion in 2023, at a CAGR of 5.3% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 2.63 Bn
Historical Data for:	2017 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	5.30%	2030/2031 Value Projection:	US$ 3.78 Bn

Figure 1. Global Single Shaft Turbine Market Share (%), by Region, 2023

The global energy landscape is continuously evolving, with a growing demand for efficient and sustainable power generation solutions. In this context, single shaft turbines have emerged as an innovative technology that offer significant advantages in terms of performance, flexibility, and environmental impact.

Single shaft turbines, also known as single shaft combined cycle power plants, are highly efficient systems that integrate gas turbines, steam turbines, and generators in a single unit. This integrated design allows for enhanced energy conversion and improved overall efficiency, making single shaft turbines a compelling choice for power generation applications in various sectors including electricity generation, oil and gas, and industrial processes.

Market Dynamics:

The single shaft turbine market is driven by several key factors that are shaping its growth trajectory. Firstly, increasing emphasis on energy efficiency and reduced carbon emissions is a major driver, as single shaft turbines offer superior energy conversion efficiency compared to conventional power generation technologies. This efficiency translates into lower fuel consumption and reduced environmental impact, making single shaft turbines a preferred choice for organizations striving to meet sustainability goals.

Moreover, the flexibility offered by single shaft turbines is another crucial factor propelling the market growth. Single shaft turbines can adapt to varying load demands, allowing for seamless transition between base and peak power generation, enabling efficient operation and cost-effective power supply.

However, the market is not without its challenges. The high upfront cost of single shaft turbines represents a significant barrier to market growth. Additionally, the complexity of integrating multiple systems into a single unit requires specialized expertise and resources, further hindering market penetration.

Nevertheless, the market presents attractive opportunities. The growing demand for decentralized power generation solutions, particularly in remote and off-grid locations, provides a significant market opportunity for single shaft turbine manufacturers. Furthermore, advancements in digitalization and automation technologies are enabling enhanced monitoring and control capabilities, further augmenting the market growth potential.

Key features of the study:

This report provides an in-depth analysis of the global single shaft turbine market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global single shaft turbine market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Single Shaft Turbine Market; Siemens, GE, Voith, ANDRITZ, Toshiba, Harbin Electric, BHEL, Hitachi, Kirloskar, and Ansaldo Energia among others
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global single shaft turbine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global single shaft turbine market

Detailed Segmentation:

By Type
- Gas Turbines
- Steam Turbines
- Hydraulic Turbines
- Wind Turbines
- Others
By Power Rating
- Up to 50 MW
- 50-100 MW
- 100-300 MW
- 300-500 MW
- 500-700 MW
- Above 700 MW
- Others
By End-use Industry
- Power Generation
- Oil & Gas
- Industrial
- Aviation
- Marine
- Others
By Application
- Power Plants
- Oil & Gas Industry
- Chemical Industry
- Steel Industry
- Mining Industry
- Aviation
- Marine
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Top Companies in the Single Shaft Turbine Market
- Siemens
- GE
- Voith
- ANDRITZ
- Toshiba
- Harbin Electric
- BHEL
- Hitachi
- Kirloskar
- Ansaldo Energia
- Shanghai Electric
- Dongfang Electric
- IMPSA
- Zhefu
- Power Machines
- CME
- Doosan Skoda Power
- Hydroglobe
- Gilkes
- Tianfa

Product Code: CMI6346

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Power Rating
- Market Snippet, By End-use Industry
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Increasing electricity demand
- High initial and maintenance costs
- Hybrid power generation
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Single Shaft Turbine Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Single Shaft Turbine Market, By Type, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Gas Turbines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Steam Turbines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Hydraulic Turbines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Wind Turbines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)

6. Single Shaft Turbine Market, By Power Rating, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Up to 50 MW
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
50-100 MW
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
100-300 MW
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
300-500 MW
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
500-700 MW
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Above 700 MW
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)

7. Single Shaft Turbine Market, By End-use Industry, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Power Generation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Aviation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Marine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)

8. Single Shaft Turbine Market, By Application, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Power Plants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Oil & Gas Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Chemical Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Steel Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Mining Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Aviation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)
Marine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Billion)

9. Single Shaft Turbine Market, By Region, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country, 2018 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Bn)
- Market Share Analysis, By Country, 2017 and 2030
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Bn)
- Market Share Analysis, By Country, 2017 and 2030
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Bn)
- Market Share Analysis, By Country, 2017 and 2030
China
India
Japan
Australia
South Korea
ASEAN
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Bn)
- Market Share Analysis, By Country, 2017 and 2030
Brazil
Mexico
Rest Of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Bn)
- Market Share Analysis, By Country, 2017 and 2030
South Africa
GCC Countries
Rest of the Middle East & Africa

10. Competitive Landscape

Siemens
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
General Electric
Voith
ANDRITZ
Toshiba
Harbin Electric
BHEL
Hitachi
Kirloskar
Others
Analyst Views

11. Section

Research Methodology
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