openPR Logo
Press release

Gas Turbine Market a Comprehensive Analysis | Key Players - Siemens AG, Wartsila, Mitsubishi Hitachi Power Systems, BHEL, Kawasaki Heavy Industries, Ansaldo Energia, Solar Turbines, Vericor Power Systems, Opra Turbines, Man Diesel & Turbo, Capstone Turbin

08-27-2018 10:35 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Gas Turbine Market

Gas Turbine Market

Worldwide gas turbine market has witnessed quite a prominence in the energy ecosphere, primarily powered by the increasing focus of regulatory bodies and consumers towards energy optimization. Compelling the need for gas powered electricity generation is the availability of low-cost natural gas, rising awareness about sustainable energy adoption, and the mounting environmental regulations. Add to it, the continuous developments in industrial infrastructure demanding more power will further add a renewed dynamism to the gas turbine industry outlook.

In the year 2017, the global gas turbine market size stood at $8 billion, with the power sector having stood as one of the most lucrative application arenas. Factoring the rising level of emissions and fuel prices, natural gas based distributed power generation is being preferred across process plants, aviation, oil & gas and other heavy industries. In the U.S. alone the natural gas-powered electricity generation contributed to more than 25% of overall power in 2015 and is further expected to cross 30% by 2025, according to EIA. The figure further validates the strong stance the U.S. holds in the global gas turbine market. As per estimates, the U.S. gas turbine market size in terms of annual installations will reach 5 GW by 2024.

Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/1181

Globally, there is an ongoing growth of the small and medium industrial sectors with constantly evolving energy needs. This has spurred the requirement of low capacity gas turbines, which are affordable and easily transported. The gas turbine market for less than 50 kW is slated to surpass 1 GW in annual installations by 2024. >200 kW capacity gas turbine segment will also show tremendous growth in the coming years owing to use in large manufacturing industries such as O&G that need power for various operations onshore and offshore.

In terms of products, aero derivative gas turbine market is slated to witness rapid growth in the coming timeframe, with an anticipated CAGR of 2% over 2018-2024. These turbines are operationally versatile and widely adopted for supplementing propulsion, small scale generation and mobile power requirements. Heavy-duty gas turbines, driven by their higher generation capacities and economic cost structure has also had a substantial influence in large scale industrial settings. These turbines are projected to witness robust demand in the coming years due to their preference in utility aided generation and heat recovery plants. The advancements in technology will further strengthen the penetration of these products in their respective areas of utilization.

Speaking of the technology advancements, the combined cycle gas turbine market accounts for a prominent chunk of the industry share. They need less input for power generation and minimize the energy losses due to dissipation. According to GE, a combined cycle power plant produces up to 50 percent more electricity than a simple cycle power plant with the same amount of gas, as the waste heat from the gas turbine is directed to an attached steam turbine to generate additional power. Driven by the associated benefits of energy optimization, combined cycle gas turbine market has stood as the prime investment focus for the industry players.

To emphasize the above fact, Scottish energy company SSE plc in collaboration with Siemens recently announced its million-dollar investments in a combined cycle power plant. Allegedly, the anticipated CCGT plant in the UK is claimed to be the world’s most efficient combined cycle power plant. Reportedly, the new power station will be built in Keadby 2 in Lincolnshire.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1181

Table of Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.2. Market definitions

1.3. Market estimations and forecast parameters

1.4. Data sources

1.4.1. Primary

1.4.2. Secondary

1.4.2.1. Paid sources

1.4.2.2. Public sources

Chapter 2. Executive Summary

2.1. Gas turbine industry 3600 synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Capacity trends

2.1.4. Product trends.

2.1.5. Technology trends.

2.1.6. Application trends

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 Gas Turbine Market a Comprehensive Analysis | Key Players - Siemens AG, Wartsila, Mitsubishi Hitachi Power Systems, BHEL, Kawasaki Heavy Industries, Ansaldo Energia, Solar Turbines, Vericor Power Systems, Opra Turbines, Man Diesel & Turbo, Capstone Turbin here

News-ID: 1202414 • Views: 1246

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases


More Releases for Gas

Acetylene Gas Market
According to a new research report distributed by eSherpa Market Reports titled, Acetylene Gas Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2015-2026, the global Acetylene Gas market was valued at $XXX million in 2020, and is expected to reach $XXX million by 2026, registering a CAGR of XX% from 2015 to 2026. Europe dominated the global Acetylene Gas market in 2020, accounting for one-third share
Global Gas Mixtures Market
Global Gas Mixtures Market – Industry Analysis and Forecast (2018-2026) – by Mixture Type, Storage & Distribution Mode, Manufacturing Process, End-use Industry, and Region. Global Gas Mixtures Market was valued at US$ 30.2Bn in 2017 and is expected to reach US$ 43.2Bn by 2026 at a CAGR of 4.5%. Global gas mixtures market has been developing at a faster pace with the advance creative systems. Factors such as robust growth of the
Oil & Gas Explosion Lawyer
Concerns about gas and oil explosions and worker safety have been at the forefront of Oklahoma state officials’ minds as they continue to investigate a recent Pittsburg County explosion that left five workers dead and 17 with minor injuries. The explosion has shaken a state that is heavily invested in the fuel industry and has been said to be the worst incident of its kind since the Deepwater Horizon tragedy. Oklahoma
Global City Gas Distribution Market 2018: Key Players – Gujarat Gas, Indrapras …
Summary WiseGuyReports.com adds “City Gas Distribution Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “City Gas Distribution Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The City Gas Distribution Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an
Global Acetylene Gas Market 2017 - Jinhong Gas, Koatsu Gas, Linde
The report entitled Global Acetylene Gas Market 2017 presents key insights into the global Acetylene Gas market along with the latest up-to-date industry details and forthcoming Acetylene Gas industry trends, which will assist the readers to focus on product specification and end users driving the overall market revenue and profitability. Report Keynotes: The main motive of the report on "Global Acetylene Gas Market 2017" is to study comprehensive details of the market
Green Vegetables Gas Up
WELTEC BIOPOWER Builds 500-kW Biogas Plant for Vegetable Producer In January 2015, WELTEC BIOPOWER started building an anaerobic digestion plant in Loughgall, Northern Ireland. The customer and operator of the 500-kW plant is the vegetable producer Gilfresh Produce. The enterprise produces numerous field-grown products and processes them into food. "For WELTEC, this is the third plant in Northern Ireland and thus the eleventh in the UK", says Kevin Monson, sales manager