A gas turbine is a type of internal combustion engine where inlet air is compressed and sprayed with fuel. The mixture is then ignited in a combustion chamber and allowed to flow at high temperature and pressure through the turbine. The gaseous mixture is passed through the nozzles of the turbine, which further channelizes the kinetic energy of the hot air flow on to the blades. The turbine blades are mounted on a rotor, which rotates with the impact of the high-velocity air. The rotary motion is used to turn a shaft, which performs work such as driving an electric generator. Gas turbines are used power generation. They are also used in mechanical drives of oil & gas and other industries.

The gas turbines market is estimated at USD 17.51 Billion in 2017. The global gas turbines market is witnessing significant growth driven by the increasing demand for natural gas-fired power plants, rising demand for electricity, and reducing carbon dioxide emissions.

The gas turbines market is competitive and comprises of a few major players from across the world. This segment highlights the key growth strategies adopted by these players in recent years. New product launches, contracts & agreements, mergers & acquisitions, expansions, and joint ventures & collaborations were some major strategies adopted by these companies to grow in the gas turbines market.

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.