Research Methodology – Gas Turbine Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Gas Turbine Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Gas Turbine Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share
- The total number of gas turbines sold in the market
- The overall revenue generated by manufacturers from the sale of gas turbines
- Competition among existing players in the market
- The entry of new players in the gas turbine market
- Size, capacity and efficiency of gas turbines being sold
- Price trends of gas turbines
- Changes in regulatory policy related to the gas turbines and its impact on demand
- Trends in related markets like renewable energy, fossil fuel prices, etc.
Key Market Indicators
- Growth in the energy sector and power plants
- Rise in global demand for clean and efficient power generation systems
- The total installed capacity of gas turbines around the globe
- The changing regulatory landscape for emissions from power plants and its impact in adoption of gas turbines
- Technological advancements and innovations in gas turbine design and efficiency
- Investments and interest from major companies in the gas turbine technology
Growth Trends
- Increasing adoption of combined cycle gas turbine (CCGT) systems for power generation
- Surge in the development of high-efficiency gas turbines
- Increase in LNG trade, promoting the use of gas turbines
- Greater focus on the replacement/retrofit market as efficiency improves and regulations stiffen
- Emerging markets propelling demand for gas turbines
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Gas Turbine Market. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Gas Turbine Market
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Available for purchase with detailed segment data, forecasts, and regional insights.
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