Industrial gas turbines are engines using primary fuels for continuous combustion in the industrial space. This technology plays a vital role these days in reducing CO2 emissions across the globe. Accordingly, gas turbine installations especially in the power generation sector are expected to be a driving factor for CO2 emission reduction. These gas turbines are ignited using an ignition system which is supplied by a large number of industry players in the value chain.
Industrial Gas Turbine Ignition System Market contains market size and forecasts of Industrial Gas Turbine Ignition System in Global, including the following market information:
- Global Industrial Gas Turbine Ignition System Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global top five companies in 2021 (%)
The global Industrial Gas Turbine Ignition System market was valued at 2418.3 million in 2021 and is projected to reach US$ 3976.9 million by 2028, at a CAGR of 7.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Heavy-duty Gas Turbine Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Industrial Gas Turbine Ignition System include Woodward, Unison, Champion Aerospace, Knite, Hatraco Technische Handelsonderneming, Chentronics, Tenneco(Federal-Mogul), Tesi Group and Meggitt and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Industrial Gas Turbine Ignition System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Industrial Gas Turbine Ignition System Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Industrial Gas Turbine Ignition System Market Segment Percentages, by Type, 2021 (%)
- Heavy-duty Gas Turbine
- Light-duty Gas Turbine
Global Industrial Gas Turbine Ignition System Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Industrial Gas Turbine Ignition System Market Segment Percentages, by Application, 2021 (%)
- Power Generation
- Mechanical Drive
Global Industrial Gas Turbine Ignition System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Industrial Gas Turbine Ignition System Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Industrial Gas Turbine Ignition System revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Industrial Gas Turbine Ignition System revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Woodward
- Unison
- Champion Aerospace
- Knite
- Hatraco Technische Handelsonderneming
- Chentronics
- Tenneco(Federal-Mogul)
- Tesi Group
- Meggitt
- Hoerbiger Holding.
Industry Market Size
