Market revenue in 2023 | USD 18.7 million |
Market revenue in 2030 | USD 19.8 million |
Growth rate | 0.8% (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 94.65% in 2023. Horizon Databook has segmented the South Africa gas turbine market based on open cycle, combined cycle covering the revenue growth of each sub-segment from 2018 to 2030.
The gas turbine market in South Africa is expected to grow due to several factors, including the country's ongoing efforts to diversify its energy mix, the need for flexible and reliable power generation, and the increasing demand for electricity in the region.
South Africa is committed to reducing its dependence on coal-fired power generation and increasing the adoption of renewable energy sources. The country has set a target of adding 18 GW of renewable energy capacity to its grid by 2030, which will require the integration of energy storage technologies with gas-fired power generation systems.
Gas turbines can provide ancillary services to the grid, such as frequency regulation and spinning reserves, which are crucial for the integration of large-scale renewable energy systems. This provides an opportunity for gas turbine manufacturers to tap into the growing demand for renewable energy in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa gas turbine market , including forecasts for subscribers. This country databook contains high-level insights into South Africa gas turbine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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