Global Aeroderivative Gas Turbine Market is Expected to grow at a CAGR of 4.59% during 2016-2020

Albany, NY, Dec 28: Gas turbines are primarily used in gas-fired power plants; these plants include an internal combustion engine, wherein the fuel is mixed with air, causing ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which causes the turbine to rotate. Aeroderivative gas turbines find wide application in various end-user segments, such as mobility power generation (primarily composed of marine and aeronautical applications); and oil and gas, food processing, paper and pulp, and chemical industries.

The global aeroderivative gas turbine market to grow at a CAGR of 4.59% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global aeroderivative gas turbine market for 2016-2020. To calculate the market size, the report determines the installed capacity and price of gas turbines in various regions.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Aeroderivative Gas Turbine Market 2016-2020, 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. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- GE
- Mitsubishi Hitachi
- Siemens
- Vericor
- Zorya

Market driver
- Rising cogeneration applications for aeroderivative gas turbines
- For a full, detailed list, view our report

Market challenge
- Irregularities in natural gas reserves and supplies
- For a full, detailed list, view our report

Market trend
- Rise in distributed power generation
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.