openPR Logo
Press release

Industrial Gas Turbine Market - Key Players are Kawasaki Heavy Industries, General Electric, Man Diesel & Turbo, Siemens, Harbin Electric, Solar Turbines Incorporated and Mitsubishi Hitachi Power Systems

07-20-2018 12:41 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Industrial Gas Turbine Market

Industrial Gas Turbine Market

Industrial Gas Turbine Market size will exceed USD 18 billion by 2024, as reported in the latest study by Global Market Insights, Inc.

Increasing industrialization couples with rising demand for the safe and reliable electricity will drive the global industrial gas turbine market size by 2024. In the past decades, largescale industries made significant investments towards the development of captive generating stations to reduce their dependencies on utilities which has positively influence the industry growth. In 2017, Aluminum Bahrain awarded GE to supply its H Class technology for powering its single site smelter which is considered as one of the largest in the world.

Growing measures to ease the effects of carbon footprints arising from conventional coal fired generating facilities will fuel the industrial gas turbine market share. In 2015, Government of UK took a decisive step to roll out the existing conventional coal fired systems in the next ten years to achieve their clean energy target. Stringent government norms to limit the GHG emission has substantially raised the investments towards the development of gas fired power stations which may positively boost the industrial gas turbine market growth.

Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/272

Heavy duty accounted for over 80% of the 2015 global industrial gas turbine market share. Development of high capacity cogenerating facilities to cater the growing electricity demand coupled with measure to curb GHG emissions will embellish the industry outlook. In 2016, Mexico based Altamira power station has deployed Siemens H-class technology across its 350 MW generating facility.

U.S. industrial gas turbine market is anticipated to exceed 14 GW by 2024. Federal government initiatives to expand the penetration of natural gas fired station will augment the industry outlook. In 2015, EIA had projected that the by 2025 more 30% of total U.S. electricity production will come from natural gas.

International Maritime Organization (IMO) has introduced TIER III regulations to reduce the NOx emissions from marine diesel engines installed on new constructed ships on or after 1st January 2016. These norms are currently imposed to the U.S. Caribbean Sea and North American Emission Control Areas (ECAs). Industrial gas turbine market share from oil and gas is anticipated to expand over 8% by 2024. Rising E&P activities across deep and ultradeep sea bed will complement the business outlook.

France industrial gas turbine market for 2015 was valued over USD 120 million. In 2015, regulators had introduced Energy Transition for Green Growth legislation targeting to reduce the emission level by 40% by 2030 from 1990 levels.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/272

China industrial gas turbine market size is set to strong growth owing to ongoing development of high capacity electricity generating stations. Government focus to reduce air pollution may further push the business growth. As per Xinhua one of the leading state news agency, Beijing has become first city in China to have all its power stations fueled by natural gas with an objective laid under clean air action plan.

Industrial Gas Turbine market research report includes in-depth coverage of the industry with estimates & forecast in terms of Volume in MW and revenue in USD Million from 2013 to 2024, for the following segments:

Global Industrial Gas Turbine Market, By Product

Heavy Duty
Aeroderivative
Global Industrial Gas Turbine Market, By Capacity

≤ 70 MW
70 – 300 MW
≥ 300 MW
Global Industrial Gas Turbine Market, By Technology

Open Cycle
Combined Cycle
Global Industrial Gas Turbine Market, By Application

Power Generation
Oil & Gas
Other Manifacturing

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Explore Our Blog @ http://algosonline.com/news

This release was published on openPR.

Permanent link to this press release:

Copy
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 Industrial Gas Turbine Market - Key Players are Kawasaki Heavy Industries, General Electric, Man Diesel & Turbo, Siemens, Harbin Electric, Solar Turbines Incorporated and Mitsubishi Hitachi Power Systems here

News-ID: 1137704 • Views: 836

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Industrial

Industrial Controls Market
Industrial controls is a collective term used to define various kinds of control systems and associated instrumentation, which includes the devices, networks, systems, and controls used to operate and automate industrial processes. Industrial control systems include various automation equipment, machines, and components. Get Sample Copy of This Report @ https://www.bigmarketresearch.com/request-sample/2963638?utm_source=SJ-OP The rise in demand for IoT-based smart solutions and automation in various industries increase the demand for the industrial controls. Moreover,
Industrial Starches Market Growth
This report studies the global market size of Industrial Starches in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Industrial Starches in these regions. This research report categorizes the global Industrial Starches market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers,
Industrial Radiography Equipment Market
In this non-destructive technique the materials are exposed to X-rays or gamma radiations. These radiations help to inspect the defects as they become visible with the exposure. The need for material inspection has risen widely in the industries. Therefore product launches and technological advancements in the products are driving the growth of the market.   The Global Industrial Radiography Equipment Market valued at USD 497.23 million in 2017 and is expected
Industrial Energy Storage System
The Global Industrial Energy Storage System Market Research Report 2017 renders deep perception of the key regional market status of the Industrial Energy Storage System Industry on a Global level that primarily aims the core regions which comprises of continents like Europe, North America, and Asia and the key countries such as United States, Germany, China and Japan. Request for sample of Industrial Energy Storage System Market research report @ https://www.qyresearchgroups.com/request-sample/497849 The
Industrial Rubber Market
Rubber industry is more than 100 years old. Industrial rubber industry is dominated by one major product tires. Tires are used in large numbers on bicycles, trucks, aircrafts, and automobiles. Automobile tires, inflatable rafts, conveyor belts, rain coats and waterproof cloth tents are produced by impregnating fabrics with rubber, using calendaring process. Molding is another important process in the tire production. Tires are the principal product of industrial rubber industry.
Global Industrial Laser Market
Industrial Laser Market: Overview In recent years the industrial laser market has been developing steadily. The industrial lasers are used in industry in a wide variety of applications. These applications can involve processing of materials and all other applications. The material processing includes cutting, welding, drilling, etc. these type of implementation generally requires high power lasers. The adoption of laser processing is increasing in industries as it can be easily automated