Product Code: ETC089803 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Gas turbine Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 12.39% in 2027, following an initial rate of 11.88%, before easing to 11.05% at the end of the period.
The Outlook for the India gas turbine market is positive. The India government aims to increase the share of natural gas in its energy mix from 6.5% in 2018-19 to 15.5% by 2031, which will create a strong demand for efficient and reliable gas turbines in various sectors such as power generation, oil & gas exploration, and manufacturing industries.
The main drivers for the India Gas Turbine Market include growing industrialization, rising urban population and increased electricity consumption associated with the rapid economic growth of the country; increasing implementation of green and clean energy sources; government incentives such as tax holidays on investments in renewable energy projects; availability of cheaper financing options through export credit agencies; advancement in technology related to these systems resulting into more efficient operations and improved performance; high degree of customization offered by vendors based on individual customer requirements etc.
Despite these attractive prospects, there are some major challenges that need to be addressed before this market can reach its full potential. These include lack of awareness among consumers about advanced technologies available for better efficiency and reliability at lower cost points; inadequate infrastructure support required for setting up large scale installations due to problem related to land acquisition or resistance from local communities; regulatory issues like obtaining permits etc., shortage skilled labour force which understand installation procedures etc.. Also any environmental regulations imposed by authorities can restrict usage/deployment significantly adding extra costs on companies operating within their jurisdiction.
Some key players involved in IndiaGas Turbine market include Siemens Energy Inc., GE Power Services Corporation , Toshiba International Corporation , Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Ansaldo Energia SPA (Ansaldo STS), Bharat Forge Limited (Kirloskar Group) , Bharat Heavy Electricals Limited (BHEL) , Suzlon Energy Ltd., Ingersoll Rand PLC.
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 India Gas turbine Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Gas turbine Market Revenues & Volume, 2021 & 2031F |
3.3 India Gas turbine Market - Industry Life Cycle |
3.4 India Gas turbine Market - Porter's Five Forces |
3.5 India Gas turbine Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Gas turbine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Gas turbine Market Revenues & Volume Share, By Design Type, 2021 & 2031F |
3.8 India Gas turbine Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 India Gas turbine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Gas turbine Market Trends |
6 India Gas turbine Market, By Types |
6.1 India Gas turbine Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Gas turbine Market Revenues & Volume, By Technology, 2018 - 2031F |
6.1.3 India Gas turbine Market Revenues & Volume, By Open Cycle, 2018 - 2031F |
6.1.4 India Gas turbine Market Revenues & Volume, By Combined Cycle, 2018 - 2031F |
6.2 India Gas turbine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Gas turbine Market Revenues & Volume, By Power Generation, 2018 - 2031F |
6.2.3 India Gas turbine Market Revenues & Volume, By Oil & Gas, 2018 - 2031F |
6.2.4 India Gas turbine Market Revenues & Volume, By Other, 2018 - 2031F |
6.3 India Gas turbine Market, By Design Type |
6.3.1 Overview and Analysis |
6.3.2 India Gas turbine Market Revenues & Volume, By Heavy Duty, 2018 - 2031F |
6.3.3 India Gas turbine Market Revenues & Volume, By Aeroderivative, 2018 - 2031F |
6.4 India Gas turbine Market, By Capacity |
6.4.1 Overview and Analysis |
6.4.2 India Gas turbine Market Revenues & Volume, By ?200 MW, 2018 - 2031F |
6.4.3 India Gas turbine Market Revenues & Volume, By >200 MW, 2018 - 2031F |
7 India Gas turbine Market Import-Export Trade Statistics |
7.1 India Gas turbine Market Export to Major Countries |
7.2 India Gas turbine Market Imports from Major Countries |
8 India Gas turbine Market Key Performance Indicators |
9 India Gas turbine Market - Opportunity Assessment |
9.1 India Gas turbine Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Gas turbine Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Gas turbine Market Opportunity Assessment, By Design Type, 2021 & 2031F |
9.4 India Gas turbine Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 India Gas turbine Market - Competitive Landscape |
10.1 India Gas turbine Market Revenue Share, By Companies, 2024 |
10.2 India Gas turbine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |