Press release
Future Growth of Industrial Gas Turbine Market Analysis By Top Key Players like Siemens, Mitsubishi Hitachi Power Systems Ltd, Bharat Heavy Electricals Limited, Kawasaki Heavy Industries Ltd, Ansaldo Energia, Solar Turbines Incorporated, Vericor Power Sys
Industrial Gas Turbine
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.
Notable companies catering industrial gas turbine market include General Electric, Siemens, Mitsubishi Hitachi Power Systems Ltd, Bharat Heavy Electricals Limited, Kawasaki Heavy Industries Ltd, Ansaldo Energia, Solar Turbines Incorporated, Vericor Power Systems, Man Diesel & Turbo, Opra Turbines B.V, Capstone Turbine, Harbin Electric International Company Limited, Cryostar, NPO Saturn, Zorya-Mashproekt.
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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 size will exceed USD 18 billion by 2024. 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.
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.
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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
Data Table of Content:
Table 1 Industrial gas turbine industry 3600 synopsis, 2013 – 2024
Table 2 Global industrial gas turbine market, 2013 – 2015 (MW) (USD Million)
Table 3 Global industrial gas turbine market, 2016 – 2024 (MW) (USD Million)
Table 4 Global market estimates by product, 2013 – 2015 (MW)
Table 5 Global market estimates and forecast by product, 2016 – 2024 (MW)
Table 6 Global market estimates by product, 2013 – 2015 (USD Million)
Table 7 Global market estimates and forecast by product, 2016 – 2024 (USD Million)
Table 8 Global market estimates by capacity, 2013 – 2015 (MW)
Table 9 Global market estimates and forecast by capacity, 2016 – 2024 (MW)
Table 10 Global market estimates by capacity, 2013 – 2015 (USD Million)
For More Details on this Report At: https://www.marketstudyreport.com/reports/industrial-gas-turbine-market
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https://www.marketstudyreport.com/reports/global-gas-turbine-aero-derivative-services-sales-market-report-2018/?utm_source=RR-PSR
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