Global Aeroderivative Gas Turbine Market is expected to grow at a CAGR of xx% during the forecast period from 2019-2025

As per the report published by Fior Markets,the global aeroderivative gas turbine market is expected to grow from USD xx Billion in 2017 to USD xx Billion by 2025 at a CAGR of xx% during the forecast period from 2018-2025.North America aeroderivative gas turbine market is dominating the market due to growing focus on CCGT power plant capacity infusion. Increase in capacity addition is allocated to the enhancement in the drilling & extraction technologies commencing across the region, thus, making gas-fired power technology a cheap source of electricity generation.

Global Aeroderivative Gas Turbine Market by Capacity (< 50 KW, 50 to 500 KW, 500 KW to 1 MW, 1 to 30 MW, 30 to 70 MW, > 70 MW), Technology (Open Cycle, Combined Cycle), Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Leading companies in the industry include GE, Siemens, Mitsubishi Hitachi, W�rtsil�, Kawasaki, Opra Turbines, Solar Turbines, Harbin, BHELamong otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, COMETA opted for a new GE LM2500 Base SAC aeroderivative gas turbine rather than a second overhaul of its existing engine, which had reached 100,000 running hours.

The capacity segment is classified into < 50 KW, 50 to 500 KW, 500 KW to 1 MW, 1 to 30 MW, 30 to 70 MW and > 70 MW. The < 50 KW segment is dominating the aeroderivative gas turbine market in 2017. Technological advancement to withstand heat and energy consumption across isolated, industrial and small commercial grid networks will increase the product adoption with continuous developments to enhance re-generative turbines. Technology segment is divided into segments such as open cycle and combined cycle. The open cycle segment is dominating the market in 2017. Lesser warm up time, compact size, light weight, operational flexibility, restricted dependency on cooling water and quick start are few essential factors amplifying the open cycle aeroderivative gas turbine market size.Application segment includes power plants, oil & gas, process plants, aviation, marine and others. Aviation segment is dominating the market in 2017. Gas turbines, chiefly, helps to power aerospace engines so as to maintain an efficient weight to power ratio to endure a flight.

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Emerging need for global power and cleaner solutions is one of the driving force. Also, substantial rise in demand for air travel resulting in the addition of aviation fleets across world which is fuelling the growth of market.Large amount of investments to improve the efficiency and durability of gas turbinesand highpower-to-weight ratio of aeroderivative gas turbinesare another two factorsinfluencing the market growth.But less concentration of CO2 in the flue gas leaving the turbinemay hamper the growth of market. However, increasing investment in the integration and expansion of CHP plants due to the flourishing distributed power generation technologies will further augment the industry landscape andshould drive the industry growth in coming years.

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