Market revenue in 2023 | USD 39.5 million |
Market revenue in 2030 | USD 52.0 million |
Growth rate | 4% (CAGR from 2023 to 2030) |
Largest segment | Combined cycle |
Fastest growing segment | Combined Cycle |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Open Cycle, Combined Cycle |
Key market players worldwide | Ansaldo Energia, GE Aerospace, Kawasaki Heavy Industries Ltd, ManpowerGroup Inc, Mitsubishi Corp, Opera Ltd ADR, Siemens AG, Caterpillar Inc |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gas turbine market will help companies and investors design strategic landscapes.
Combined cycle was the largest segment with a revenue share of 93.16% in 2023. Horizon Databook has segmented the Argentina gas turbine market based on open cycle, combined cycle covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina has witnessed a growing electricity demand owing to growth in population and expanding industrial sector. Therefore, it has been looking to expand its electricity generation infrastructure to keep up with the growing demand.
The country has been focusing on developing its oil and gas reserves located in the Vaca Muerta shale formation. The development of these reserves requires reliable and flexible power generation, which are often provided by gas turbines.
In addition, Argentina has a significant potential for the development of renewable energy sources, particularly wind and solar energy, which require backup power sources to balance their intermittency.
Horizon Databook provides a detailed overview of country-level data and insights on the Argentina gas turbine market , including forecasts for subscribers. This country databook contains high-level insights into Argentina gas turbine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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