Gas Turbine Market Key Manufactures Insights and Growth Prospects 2022
Gas Turbine Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
(EMAILWIRE.COM, October 09, 2018 ) Factors such as increasing demand for distributed power generation, advancement in technology and regulations on carbon emissions are fueling the market growth. However, supply security & infrastructure concerns are hampering the market. Risk of volatility in natural gas prices may also pose challenge to market over the forecast period. Strict government rules worldwide and low oil prices will be the key trends for market growth.
Combined cycle segment commanded the largest market share during the forecast period due to the rising importance of combined cycle gas turbines (CCGTs) in power generation applications. Asia Pacific commanded the largest market share due to the increasing electricity demand and technical development in power plant machinery.
Some of the key players in gas turbine market include Siemens AG, Kawasaki Heavy Industries Ltd., Ansaldo Energia S.P.A., Mitsubishi Hitachi Power Systems Ltd., Harbin Electric International Company Limited, Capstone Turbine Corporation, Solar Turbines Incorporated, General Electric, Opra Turbines B.V., Zorya-Mashproekt, MAN Diesel & Turbo SE, Bharat Heavy Electricals Limited, Vericor Power Systems, Alstom S.A., NPO Saturn, Rolls Royce and Cryostar.
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Gas Turbine Market is accounted for $17.65 billion in 2016 and is expected to reach $24.12 billion by 2022 growing at a CAGR of 5.3% during the forecast period
Increasing pressure from international agencies to reduce carbon footprint, along with low shale prices, is driving market growth. Regional governments offering incentives for natural gas-based electricity generation is a key trend benefitting the market.
Turbines play an important role in reducing carbon emissions. In comparison with other combustion-based power generation applications, they exhibit lower emissions. With the implementation of various climate change initiatives as well as regulations to cut down GHG emissions, their potential is expected to increase in the upcoming years.
Asia Pacific is still a nascent market, but aggressive infrastructure development undertaken by governments is expected to give the market a significant boost. India is also increasing its focus on use of cleaner resources. China’s reliance on coal is expected to decrease over the coming years, along with its energy mix primarily favoring clean energy resources. This will further support regional market growth.
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Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Gas Turbine Market Size
2.2 Gas Turbine Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Gas Turbine Market Size by Manufacturers
3.2 Gas Turbine Key Players Head office and Area Served
3.3 Key Players Gas Turbine Product/Solution/Service
3.4 Date of Enter into Gas Turbine Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Gas Turbine Sales by Product
4.2 Global Gas Turbine Revenue by Product
4.3 Gas Turbine Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Gas Turbine Breakdown Data by End User
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Combined cycle segment commanded the largest market share during the forecast period due to the rising importance of combined cycle gas turbines (CCGTs) in power generation applications. Asia Pacific commanded the largest market share due to the increasing electricity demand and technical development in power plant machinery.
Some of the key players in gas turbine market include Siemens AG, Kawasaki Heavy Industries Ltd., Ansaldo Energia S.P.A., Mitsubishi Hitachi Power Systems Ltd., Harbin Electric International Company Limited, Capstone Turbine Corporation, Solar Turbines Incorporated, General Electric, Opra Turbines B.V., Zorya-Mashproekt, MAN Diesel & Turbo SE, Bharat Heavy Electricals Limited, Vericor Power Systems, Alstom S.A., NPO Saturn, Rolls Royce and Cryostar.
Request sample copy at: https://www.reportsweb.com/inquiry&RW0001716557/sample
Gas Turbine Market is accounted for $17.65 billion in 2016 and is expected to reach $24.12 billion by 2022 growing at a CAGR of 5.3% during the forecast period
Increasing pressure from international agencies to reduce carbon footprint, along with low shale prices, is driving market growth. Regional governments offering incentives for natural gas-based electricity generation is a key trend benefitting the market.
Turbines play an important role in reducing carbon emissions. In comparison with other combustion-based power generation applications, they exhibit lower emissions. With the implementation of various climate change initiatives as well as regulations to cut down GHG emissions, their potential is expected to increase in the upcoming years.
Asia Pacific is still a nascent market, but aggressive infrastructure development undertaken by governments is expected to give the market a significant boost. India is also increasing its focus on use of cleaner resources. China’s reliance on coal is expected to decrease over the coming years, along with its energy mix primarily favoring clean energy resources. This will further support regional market growth.
Have any query? Enquire about report at: https://www.reportsweb.com/inquiry&RW0001716557/buying
Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Gas Turbine Market Size
2.2 Gas Turbine Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Gas Turbine Market Size by Manufacturers
3.2 Gas Turbine Key Players Head office and Area Served
3.3 Key Players Gas Turbine Product/Solution/Service
3.4 Date of Enter into Gas Turbine Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Gas Turbine Sales by Product
4.2 Global Gas Turbine Revenue by Product
4.3 Gas Turbine Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Gas Turbine Breakdown Data by End User
Get more information at: https://www.reportsweb.com/inquiry&RW0001716557/discount
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results