Press release
Industrial Gas Turbine Market Analysis Focusing on Top Key Players – Solar Turbines, Centrax, General Electric, MAN Energy, Capstone Turbine, Ansaldo Energia, UEC Saturn, Siemens, Kawasaki, BHEL
Industrial Gas Turbine Market, Global Industrial Gas Turbine Market Size, Industrial Gas Turbine Industry
Aero-derivative industrial gas turbine market has gained substantial escalation on account of the accessibility & availability of mobile and highly flexible product technologies. These units have varied application portfolio which include utility generation, district heating and marine propulsion. Furthermore, technological advancements have aligned industry focus towards the manufacture of high capacity turbines and cost competitiveness in comparison to traditional units.
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Growing environment concerns coupled with stringent government measures to curb GHG emissions by various industries have shifted their focus toward energy conservation which will stimulate the global industrial gas turbine market. In the current industrial regime, gas turbines have developed as a vital component for heat & power delivering technologies. In addition, pivotal for this expansion are the amendments which are being taken into consideration across key power markets along with ongoing technological enhancements in the field of aerodynamics, cooling, combustion and materials.
Diverse applications across process industry and small-scale power generating plants will complement the 70 MW to 300 MW units. Rapid development of co-generating units to endure energy & heat consumption across commercial, isolated grid networks and small industries will augment the technological adoption. Moreover, ongoing developments subject to the growth of effective re-generative gas turbine units to withstand low heat requirements across these installations will further boost the overall industrial gas turbine market.
The open cycle industrial gas turbine market will witness an upsurge owing to lower warm up time, size compactness, operational flexibility, light weight, quick start and less dependence on cooling water. These units find extensive applicability for power generation and mechanical drives across the land-based industries. Furthermore, huge manufacturing industries in line with offshore power generation plants have constantly integrated a sustainable demand for the technology.
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In 2017, power generation accounted for over 40% of the global industrial gas turbine market share. Increasing emphasis toward the restoration of traditional coal and steam fired power stations with various renewable energy electricity generating power plants will escalate the business growth. Nowadays, gas turbine units are used universally across base load, peak load networks along with standby power generating stations. Strengthening of industry & regulatory protocols in line with ongoing technological advancements to serve a large customer base through maintaining efficiency & reliability will boost the industry potential.
Industrial gas turbine market across North America is anticipated to witness upsurge subject to growing focus on CCGT power plant capacity additions. Electricity generation through combined cycle gas turbine technologies is reinforced by the existence of huge & untapped gas reserves, lower construction time and higher efficiency.
Eminent industrial gas turbine market participants comprise of MAN Energy, Zorya-Mashproekt, Capstone Turbine, Ansaldo Energia, UEC Saturn, Siemens, Kawasaki, MHPS, BHEL, Opra Turbines, Solar Turbines, W?rtsil?, Vericor, Centrax and General Electric.
Table of Content:
Chapter 1. Industrial Gas Turbine Market Methodology and Scope
Chapter 2. Industrial Gas Turbine Market Executive Summary
Chapter 3. Industrial Gas Turbine Industry Insights
Chapter 4. Industrial Gas Turbine Market, By Capacity
Chapter 5. Industrial Gas Turbine Market, By Product
Chapter 6. Industrial Gas Turbine Market, By Technology
Chapter 7. Industrial Gas Turbine Market, By Application
Chapter 8. Industrial Gas Turbine Market, By Region
Chapter 9. Industrial Gas Turbine Market Company Profiles
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Related Report:
Global Industrial Gas Turbine Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
An industrial gas turbine is a combustion engine, which is used to generate mechanical energy from various fuels such as natural gas or liquid fuels. This generated mechanical energy is utilized to drive an integrated generator or other device.
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