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Industrial Gas Turbines Market Size, Share, Trends, Growth, Forecast, Analysis, Outlook, Worth, Value, Overview, Industry Statistics | Valuates Reports
In 2019, the global Industrial Gas Turbines market size was USD 12980 Million and it is expected to reach USD 13160 Million by the end of 2026, with a CAGR of 0.2% during 2021-2026.
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A Industrial Gas Turbine engine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.
The leading manufactures mainly are GE, Siemens, MHPS, Ansaldo and Kawasaki. GE is the largest manufacturer; its revenue of global market exceeds 49% in 2017.
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