According to the research report titled ‘Europe Aeroderivative Gas Turbine Market Size By Capacity, Technology, Application, Industry Analysis Report, Country Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 a?? 2026‘, available with Market Study Report, Europe aeroderivative gas turbine market is projected to amass tremendous growth during 2020-2026.
 

Technical developments in gas fired turbines and increasing investments in aerospace sector are the major factors expected to drive the growth of Europe aeroderivative gas turbine industry during the forecast period. Further, favorable government initiatives along with surging funding in heat and power generation facilities will also contribute to the market growth.
 

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Based on capacity, Europe aeroderivative gas turbine market from <50 kW segment is estimated to experience high demand in the ensuing years, owing to constant research & development activities for cogeneration plants to meet high power requirement across existing networks. Moreover, benefits like compact size, less weight, and low operational cost will boost the product adoption.
 

Meanwhile, 500 kW - 1 MW capacity systems segment is expected to witness appreciative growth over 2020-2026, mainly due to technological developments in power generation and implementation of decentralized generation units. Further, the product offers various benefits like reduced emissions, lightweight, and longer lifespan.
 

From technology point of view, open cycle segment of Europe aeroderivative gas turbine industry is expected to showcase modest growth during the analysis timeframe, owing to paradigm shift towards adoption of decentralized power system and large-scale integration of renewable energy. Growing gap between demand and supply along with preference for gas fired power generation technologies will augment the segmental share.
 

Considering geographical landscape, France aeroderivative gas turbine market is poised to record significant growth through 2026, on account of flourishing tourism sector, rising travel expenditure, and improved standard of living. Also, surging demand of aircrafts from military sector coupled with government rules on power conservation are expected to facilitate the business landscape. Furthermore, increasing subsidies and financial incentives for expansion & integration of CHP plants will fuel aeroderivative gas turbine industry outlook in France.
 

Key players operating in Europe aeroderivative gas turbine industry include Mitsubishi, Zorya-Mashproekt, Hitachi, General Electric, Wartsila, Kawasaki, UEC NPO Saturn, Siemens, Solar Turbines Inc., Harbin Turbine Co. Ltd., Opra Turbines, Vericor Power Systems, Cryostar, Capstone Turbine Corp., and MAN Diesel SE.