PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518457
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518457
Europe Aeroderivative Gas Turbine Market size will expand at 5.7% CAGR from 2024 to 2032, due to increasing need for energy efficiency along with the rising usage in industrial applications for providing versatile and efficient power solutions. Aeroderivative gas turbines, derived from aviation technology, are designed to offer high efficiency and rapid startup capabilities in various power generation and mechanical drive applications.
Moreover, rapid developments are integrating renewable energy sources and hybrid systems for enabling greater efficiency and reduced environmental impacts. For instance, in April 2023, GE announced an order for an aeroderivative gas turbine from the UCED Group to support the energy transition in the Czech Republic to enhance energy efficiency and sustainability efforts in the region.
The Europe aeroderivative gas turbine market is segregated into capacity, technology, application, and country.
By capacity, the industry size from the > 1 to 30 MW segment is estimated to rise at significant rate from 2024 to 2032, due to increasing usage for power generation. > 1 to 30 MW turbines leverage technologies derived from aviation engines for high efficiency and reliability. Furthermore, engineers are optimizing these turbines for various applications including peak shaving, cogeneration, and backup power for enhancing performance and reducing emissions.
Europe aeroderivative gas turbine industry from the open cycle technology segment is expected to expand from 2024 to 2032 owing to its ability of generating power efficiently without complex heat recovery systems. Engineers are enhancing the performance of these turbines by leveraging lightweight materials and advanced aerodynamics. In addition, with continuous improvements, aeroderivative gas turbines deployed with open cycle technology are significantly contributing to reliable and flexible power generation in the region.
Germany aeroderivative gas turbine industry size is projected to depict robust growth between 2024 and 2032, propelled by the rise in government incentives and policies. These initiatives are encouraging the adoption of cleaner energy technologies in the country to enhance energy efficiency. The government is also providing financial support and regulatory frameworks to foster innovations. The surging integration of more advanced aeroderivative gas turbine technologies for ensuring a robust and environmentally friendly energy supply will add to the regional product demand.