All Reports
2Q 2024

Hydrogen-Capable Gas Turbines

Global Market Analysis and Forecasts, 2024-2033

The availability of dispatchable, low carbon power generation technologies is an increasingly relevant feature of decarbonizing electricity systems. Currently, many power grids rely on natural gas generators to play a key flexibility role. Efforts to reduce power sector fossil fuel consumption are driving interest in gas turbines capable of operating using hydrogen or hydrogen-natural gas blends as an alternative to conventional gas-fired generation.

A portion of the existing gas turbine fleet already consumes hydrogen-rich gas streams. However, deployments are generally limited to smaller-scale equipment supplied with by-product gases from petroleum refining or other industrial processes. Major gas turbine manufacturers have announced plans to increase blend capabilities across their product ranges and to commercialize 100% hydrogen gas turbines by the 2030s or earlier. These efforts are being assisted by policy support for hydrogen power generation in key markets such as the US, Germany, Japan, and South Korea.

While overall volumes of hydrogen available to the power sector remain subject to high levels of uncertainty, hydrogen-capable gas turbines are expected to account for an increasingly meaningful share of power generation equipment sales over the coming decade. This Guidehouse Insights report provides an overview of the key technical, commercial, and policy factors that are likely to affect adoption over the next 10 years. Forecasts are based on an analysis of planned hydrogen power generation capacity and manufacturers’ timelines for hydrogen technology adoption.

Pages 42
Tables | Charts | Figures 42
  • Where are hydrogen-capable gas turbine projects being developed?
  • What are some of the main challenges involved with hydrogen-capable gas turbine deployments?
  • What equipment retrofits or replacements are needed at various hydrogen-natural gas blend ratios?
  • What policies have worked to facilitate deeper investment in hydrogen combustion technology?
  • What benefits do hydrogen-capable gas turbines provide to natural gas asset owners?
  • Gas turbine OEMs
  • Power plant owners
  • Hydrogen producers
  • Policymakers
  • Gas utilities
  • Investor community

1.     Executive Summary

1.1    Market Introduction

1.2    Global Outlook

2.     Market Issues

2.1    Introduction

2.2    Market Drivers

2.2.1   HGT Retrofits Enable the Conversion of Existing Infrastructure

2.2.2   HGTs Can Buffer Intermittent Renewables and Provide Grid Stability

2.2.3   Government Funding Has Enabled Early Movers

2.3    Market Barriers

2.3.1   Fuel Flexibility Presents Technical Challenges

2.3.2   Hydrogen Supply Chains Need Further Development

2.3.3   Energy Is Lost with Every Step in the Supply Chain

2.4    Other Business Issues

3.     Policy Review

3.1    North America

3.1.1   US

3.2    Europe

3.2.1   Germany

3.3    Asia Pacific

3.3.1   Japan

3.3.2   South Korea

3.3.3   Singapore

3.3.4   Australia

3.4    Latin America

3.5    Middle East & Africa

4.     Industry Value Chain

4.1    Competitive Landscape

4.1.1   The “Big Three”

4.1.1.1    GE

4.1.1.2    Siemens Energy

4.1.1.3    Mitsubishi Power

4.1.2   Other OEMs

5.     Market Forecasts

5.1    Methodology

5.2    Global Market Overview

5.2.1   North America

5.2.2   Europe

5.2.3   Asia Pacific

5.2.4   Latin America

5.2.5   Middle East & Africa

6.     Conclusions and Recommendations

6.1    Key Takeaways

6.2    Recommendations

7.     Acronym and Abbreviation List

8.     Table of Charts and Figures

9.     Scope of Study, Sources and Methodology, Notes

  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Region, World Markets: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Blend Capability, World Markets: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Turbine Type, World Markets: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Blend Capability, North America: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Turbine Type, North America: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Blend Capability, Europe: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Turbine Type, Europe: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Blend Capability, Asia Pacific: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Turbine Type, Asia Pacific: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Blend Capability, Latin America: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Turbine Type, Latin America: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Blend Capability, Middle East & Africa: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions and Revenue by Turbine Type, Middle East & Africa: 2024-2033
  • HGT Market Growth Potential, World Markets: 2024-2033
  • Full Value Chain of Power-to-Hydrogen-to-Power Process
  • Hydrogen-Capable Gas Turbine Capacity Additions by Region, World Markets: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Region, World Markets: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Blend Capability, World Markets: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Blend Capability, World Markets: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Turbine Type, World Markets: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Turbine Type, World Markets: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Blend Capability, North America: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Blend Capability, North America: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Turbine Type, North America: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Turbine Type, North America: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Blend Capability, Europe: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Blend Capability, Europe: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Turbine Type, Europe: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Turbine Type, Europe: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Blend Capability, Asia Pacifc: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Blend Capability, Asia Pacific: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Turbine Type, Asia Pacific: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Turbine Type, Asia Pacific: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Blend Capability, Latin America: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Blend Capability, Latin America: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Turbine Type, Latin America: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Turbine Type, Latin America: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Blend Capability, Middle East & Africa: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Blend Capability, Middle East & Africa: 2024-2033
  • Hydrogen-Capable Gas Turbine Capacity Additions by Turbine Type, Middle East & Africa: 2024-2033
  • Hydrogen-Capable Gas Turbine Revenue by Turbine Type, Middle East & Africa: 2024-2033
  • Comparison of Methane and Hydrogen Properties
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