Gas Turbine Upgrades for Performance Enhancement Market: Growth of Power Sector to Give Market Significant Impetus, TMR finds
Read Report Overview @
According to Transparency Market Research, the gas turbine upgrades for performance enhancement market was valued at US$13,242.4 Mn in 2016 and is projected to reach US$22,326.8 Mn by 2025, at a CAGR of 6.0% from 2017 to 2025.
By upgrade type, the gas turbine upgrades for performance enhancement market has been segregated into comprehensive upgrade, hot section coating, compressor coating, inlet air fogging, and other. By upgrade type, the comprehensive upgrade segment constituted 33% market share in 2016. Geographically, Asia Pacific is likely to constitute the dominant regional market for gas turbine upgrades for performance enhancement due to the rising need for energy in the region’s dynamic economies.
Continuous Growth of Power Generation Sector Drives Growth
Gas turbines, one of the most widely used power generating technologies in today’s world, are a common type of internal combustion engine that uses hot gases produced from combustion of the air-fuel mixture to rotate the turbine blades for generating the power. For several years, gas turbines have been used in the aerospace industry and other industries. Gas turbines can run on a variety of fuels such as fuel oil, synthetic fuel, and natural gas. With the emergence of renewable sources of energy and continuous growth of power generation and gas sectors, the need for advancements in existing gas turbines has emerged. However, the performance of gas turbines is restricted by the ambient temperature. The power output of gas turbines is inversely proportional to the ambient temperature, as the air flow rate decreases when the ambient temperature increases, which results in reduced power output from gas turbines. This is a key factor targeted by players operating in the gas turbine upgrades for performance enhancement market.
Increasing inlet air density or boosting the specific power of gas turbines is the key objective of most gas turbine upgrades for performance enhancement. A number of innovative solutions are being developed by OEMs, as the diverse array of end users of the gas turbine upgrades for performance enhancement market requires a corresponding diversity in turbine design and operation.
Request to view Sample Report:
Strict Environmental Norms Drive Growth of Turbine Upgrades for Performance Enhancement Market
Factors driving the demand for gas turbine upgrades for performance enhancement are stringent greenhouse gas (GHG) and carbon emission norms for gas turbines, the rising need for cost-effective operation, trends favoring automation and digitalization, growing infrastructural activities, etc. Increasing focus on the renewable energy sector hinders the growth of the market. However, there is an increase in demand for gas turbines in the power generation industry. Furthermore, stringent government norms regarding GHG emissions for gas turbines has driven end-users to shift toward gas turbines with low CO2 emission and better. This is anticipated to drive the market for gas turbine upgrades for performance enhancement during the forecast period.
The information in this preview comes from a Transparency Market Research report titled ‘Gas Turbine Upgrades for Performance Enhancement Market (Upgrade Type - Comprehensive Upgrade, Hot Section Coating, Compressor Coating, and Inlet Air Fogging; Turbine Cycle - Simple and Combined) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast - 2017 - 2025.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gas Turbine Upgrades for Performance Enhancement Market: Growth of Power Sector to Give Market Significant Impetus, TMR finds here
News-ID: 1040785 • Views: 178
More Releases from Transparency Market Research Reports Analysis
Polysilicon Market Outlook, Competitive Landscape and Forecasts to 2025
Silicon is the second most abundant element found on the Earth. Polysilicon is a pure, stable, and crystalline form of silicon. It also called polycrystalline silicone and poly-Si. It offers properties similar to semiconductors. Polysilicon is employed in solar photovoltaic cells (PV) and electronics industries. It differs from monocrystalline silicon and amorphous silicon in terms of silicon structure. Monocrystalline polysilicon is used in microelectronic devices and is more efficient than
Photonics Sensor Market - Global Industry Analysis 2019
Photonic sensing technology integratestransmission,emission,amplification, deflection and detection of light by optical lasers, instruments and other light sources. It provides cheaper, smaller, faster and lighter components and devices with superior functionality and less energy consumption.Photonics started with the development of the laser and optical fibre for transmission of light beams Photonic sensors have been used in various industrial and laboratories for detecting physical, chemical and biological parameter.Photonic sensors is defined as
Concrete Block and Brick Manufacturing Market Report – key Players, Industry O …
The presence of several native companies and established players who operate globally has rendered the vendor landscape in the global concrete block and brick manufacturing market extremely fragmented. As per a new study by Transparency Market Research (TMR), India alone has nearly 100,000 brick kilns, which is indicative of the intense competition prevailing in the market. “As local companies etch diverse strategies to strengthen their hold, large companies are focusing
Excimer Laser Market: Industry Analysis And Detailed Profiles Of Top Industry Pl …
An excimer laser, also known as exciplex laser, is one of the form of ultraviolet laser which is has major applications in the production of microelectronic equipment and devices, eye surgery, semiconductor based integrated chips or circuits and micromachining. An excimer laser primarily consists of reactive gas, for instance chlorine or fluorine along with noble gas, for example, krypton, argon, xenon. The excimer laser market has been segmented into by
More Releases for Upgrade
Free upgrade on all watch orders
This week only, all watch orders will receive a free upgrade to express shipping! Australian customers only. Limited time offer, ends Monday 11 September 2017 www.whywatches.com WHY Watches is an Australian enterprise which was founded by a graduate of Architecture. WHY Watches Fulmar Way Seville Grove Western Australia 6112 Australia Press contact: David Tomic Press contact information, same as above. Website: www.whywatches.com
mileBlaster announces upgrade
mileBlaster, the leading frequent flyer miles app for the iPhone and Android, announces its latest upgrade which allows users to see their last six months detailed activity in all their frequent flyer loyalty programs. Called "earn and burn" this allows mileBlaster users to see each detailed activity that added or subtracted miles from their accounts. This allows them to see if they received credit for a flight or
Apple iPhone gets another upgrade
Just after 10 days of releasing the security patch update for the iOS PDF vulnerability, apple has released another patch fixing a vulnerability associated with certificate validation. While many people are still busy updating the iOS 4.3.4 security patch on their Apple devices, the iPhone maker has now released yet another security patch, named as the iOS 4.3.5. The new security patch was released by Apple right after 10 days of releasing
Interlecta Finishes System Upgrade
One of the number ones in mobile translation business comes back with an upgraded system. The system upgrade that Interlecta started some time ago has finally come to an end. Officials from the company said that the hardware improvement that caused the downtime of the company's services was planned for the end of the year, but the sudden growth of visitors of their homepage and the increased number of users of
Appia Completes Network Upgrade Program
Investments keep Appia customers ahead of the curve with enhanced redundancy, network security, and sophisticated intrusion protection capabilities. TRAVERSE CITY, Mich. – June 5, 2009 – Appia Communications, Inc., a leading provider of managed IT and telecom services, today announced that it has completed an extensive upgrade of its network equipment. The upgrade included all of Appia’s network operations centers. “We know that the services we provide are essential to our
Lighting Upgrade Energizes The Broadmoor
Performance Consulting Group (PCG) based in Norman, Oklahoma, recently installed over 30,000 energy efficient lamps in the historic Broadmoor Hotel, proving luxury and efficiency can go hand in hand. In the hotel facilities, the replacement of incandescent exterior and interior lighting with cold cathode lamps and LEDs, resulted in up to 80% energy savings. Stephen Bartolin, Jr., President and CEO of The Broadmoor says, “We weren’t planning this. This was