| Product Code: ETC6354541 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium continued to rely on imports of gas turbines for thermal power generation, with significant shipments coming from the USA, UK, India, Saudi Arabia, and Singapore. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 53.4% from 2020 to 2024 highlights the strong demand for gas turbines. The exceptional growth rate of 108.65% from 2023 to 2024 suggests a rapid acceleration in the market, signaling opportunities for both suppliers and stakeholders in the thermal power sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Gas Turbines in Thermal Power Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Gas Turbines in Thermal Power Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Gas Turbines in Thermal Power Market - Industry Life Cycle |
3.4 Belgium Gas Turbines in Thermal Power Market - Porter's Five Forces |
3.5 Belgium Gas Turbines in Thermal Power Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.6 Belgium Gas Turbines in Thermal Power Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Belgium Gas Turbines in Thermal Power Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Belgium |
4.2.2 Government initiatives promoting the use of gas turbines for power generation |
4.2.3 Growing focus on renewable energy sources leading to higher demand for gas turbine backup power |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with gas turbines |
4.3.2 Volatility in natural gas prices impacting operating costs |
4.3.3 Stringent environmental regulations increasing compliance costs for gas turbine operators |
5 Belgium Gas Turbines in Thermal Power Market Trends |
6 Belgium Gas Turbines in Thermal Power Market, By Types |
6.1 Belgium Gas Turbines in Thermal Power Market, By Capacity |
6.1.1 Overview and Analysis |
6.1.2 Belgium Gas Turbines in Thermal Power Market Revenues & Volume, By Capacity, 2021- 2031F |
6.1.3 Belgium Gas Turbines in Thermal Power Market Revenues & Volume, By Less Than 30 Mw, 2021- 2031F |
6.1.4 Belgium Gas Turbines in Thermal Power Market Revenues & Volume, By 31-120 Mw, 2021- 2031F |
6.1.5 Belgium Gas Turbines in Thermal Power Market Revenues & Volume, By Above 120 Mw, 2021- 2031F |
6.2 Belgium Gas Turbines in Thermal Power Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Belgium Gas Turbines in Thermal Power Market Revenues & Volume, By Combined Cycle, 2021- 2031F |
6.2.3 Belgium Gas Turbines in Thermal Power Market Revenues & Volume, By Open Cycle, 2021- 2031F |
7 Belgium Gas Turbines in Thermal Power Market Import-Export Trade Statistics |
7.1 Belgium Gas Turbines in Thermal Power Market Export to Major Countries |
7.2 Belgium Gas Turbines in Thermal Power Market Imports from Major Countries |
8 Belgium Gas Turbines in Thermal Power Market Key Performance Indicators |
8.1 Capacity utilization rate of gas turbines in the Belgian thermal power market |
8.2 Efficiency improvement rate of gas turbines over time |
8.3 Average downtime of gas turbines due to maintenance issues |
8.4 Adoption rate of advanced gas turbine technologies in the market |
8.5 Percentage of energy generated from gas turbines compared to other sources |
9 Belgium Gas Turbines in Thermal Power Market - Opportunity Assessment |
9.1 Belgium Gas Turbines in Thermal Power Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.2 Belgium Gas Turbines in Thermal Power Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Belgium Gas Turbines in Thermal Power Market - Competitive Landscape |
10.1 Belgium Gas Turbines in Thermal Power Market Revenue Share, By Companies, 2024 |
10.2 Belgium Gas Turbines in Thermal Power Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |