Introduction of the Egypt Gas Turbines Market Report

The gas turbine refers to the engine present at the heart of the power plant and helps in producing an electric current. It is a combustion engine that converts natural gas or other liquid fuels into mechanical energy. This energy is then used to drive the generator that produced electrical energy. The gas turbines are generally categorized into three primary sectors: the compressor, combustion chamber, and turbine.

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Market Dynamic

Key Drivers and Emerging Trends

The Egypt gas turbines market is predicted to experience an upsurge in demand over the forecast period from 2020 till 2027. This is mainly due to the favorable government regulations and policies related to the reduction of Greenhouse Gas (GHG) emissions and the growing usage of clean fuels for electricity generation. Moreover, the suitable economic condition and the supporting programs for setting up gas-based power plants has significantly shifted the power generation from coal to gas-based power generation. This is another important factor that will drive the growth of the market in the coming years. Gas turbines provide numerous remarkable benefits such as lower operating cost, lower emission, high power density, and quality exhaust stream. The combination of these features is opening new doors for the growth of the market.

The government of Egypt completed the construction of three combined cycle gas turbine projects, which included GTW, a part of the Beni Suef, one of the biggest 4800 MW plants which use all advanced H-class technology. This project involved the construction of 24 gas turbines, 24 HRSGs, 12 steam turbines, and 36 generators. Thus, the rising number of projects related to gas turbines is further boosting the demand of the market in the coming years.

Restraint in the Egypt Gas Turbines Market

On the other hand, the increasing share of renewable in the electricity mix is one of the biggest factors that is expected to hamper the growing demand of the market. Moreover, the lack of suitable gas infrastructure will have a negative impact on market growth.

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Rated Capacity– Segment Analysis

Based on the rated capacity, the 120-300 MW segment is anticipated to witness higher CAGR during the forecast period. This is mainly due to the increasing utilization of gas turbines with this capacity, especially by power & utility organizations for setting up the large-scale gas-based power plants to meet the increasing power demand is a major factor that is responsible for the growth of the segment in the market.

Technology – Segment Analysis

On the basis of the technology, the combined cycle segment is projected to dominate the market during the forecast period. This is attributed to the ability of this technology to improve the overall efficiency of the plant. Moreover, these turbines need less amount of fuel to produce the required energy output as compared to other technologies such as open cycle technology. In addition to this, the strong demand for a large capacity of gas-based power plants to capture the surging demand of power in various regions is further contributing to the segment growth.

Application – Segment Analysis

On the basis of application, the power generation segment is projected to dominate the market over the forecast period. This is mainly due to the strong demand for large-scale power plants in order to meet the growing demand for baseload power. Furthermore, the accelerating power demand from the residential, industrial, and commercial sectors is further driving the growth of the segment in the market.

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Segments covered in the Report:

The Egypt Gas Turbines Market has been segmented on the basis of Technology, Application, Design Type, Rated Capacity. Based on technology, the market is segmented into open cycle and combined cycle. Based on application, the market is segmented into power generation, oil & gas, and other industrial applications. Based on design type, the market is segmented into heavy duty (frame) type and aeroderivative type. Based on rated capacity, the market is segmented into above 300 MW, 120 – 300 MW, 40 – 120 MW, and less than 40 MW. 

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Key questions answered in this research report:

• • At what pace is Egypt Gas Turbines Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Egypt Gas Turbines Market? What will be the impact of drivers and restraints in the future?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the various application areas of Egypt Gas Turbines Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Technology, By Application, By Design Type, By Rated Capacity
Regional Coverage	Egypt
Companies Profiled	Profiles of Top 10 Major Companies Operating in “Egypt Gas Turbines Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Egypt Gas Turbines Market by Technology

• • Open Cycle
  • Combined Cycle

Egypt Gas Turbines Market by Application

• • Power Generation
  • Oil & Gas
  • Other Industrial Applications

Egypt Gas Turbines Market by Design Type

• • Heavy Duty (Frame) Type
  • Aeroderivative Type

Egypt Gas Turbines Market by Rated Capacity

• • Less than 40 MW
  • 40–120 MW
  • 120–300 MW
  • Above 300 MW