Press release
Industrial Gas Turbines Market 2021 Strategic Assessments - GE, Siemens, MHPS, Ansaldo, Kawasaki, Solar Turbines
Global Industrial Gas Turbines Market Growth 2021-2026The Industrial Gas Turbines Market report provides a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and futuristic cost, revenue, demand and supply data (if applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Tire Industrial Gas Turbines study provides comprehensive data which enhances the understanding, scope and application of this report. This report also provides an analysis of the impact of the COVID-19 pandemic on Industrial Gas Turbines Industry.
Over the next five years the Industrial Gas Turbines market will register a 0.2% CAGR in terms of revenue, the global market size will reach US$ 12800 million by 2025.
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Top Leading Companies of Global Industrial Gas Turbines Market are GE, Siemens, MHPS, Ansaldo, Kawasaki, Solar Turbines, MAN Energy, BHEL and others.
Key Market Trends
Power Sector to Dominate the Market
The increase in the production of natural gas has shifted the global focus on the development of gas-fired power plants. The greenhouse gases emitted from gas-fired power plants are comparatively lower than that emitted from coal-fired power plants. Moreover, the demand for peak power is increasing globally, which can be most effectively met by gas-based power generation.
The high efficiency in power generation from gas turbines has given this technology an upper hand in comparison to the conventional power generation plants. Electricity generation from natural gas amounted to 23.22% of the global electricity generation in 2018, all the while there has been a steady decline in the share of global coal-based electricity generation.
The electricity consumption rose more than primary energy consumption, with increases at 4% and 2.3%, respectively. The electricity demand increased more than the overall energy growth, as more people got access to electricity.
Furthermore, the electricity demand is expected to increase in the future, fueled by the electrification of the automobile. Several countries have adopted targets of phasing out the sale of passenger cars running on fossils. Among the first to set targets are Costa Rica and Norway, with 2021 and 2025 defined as targets, respectively.
Therefore, factors, such as increased access to electricity, rise in the number of electric vehicles, and increased concerns over greenhouse gas emissions from coal-based power plants, are expected to help drive the market during the forecast period.
On The Basis Of Product, the Industrial Gas Turbines Market Is Primarily Split Into
20MW
On The Basis Of End Users/Application, This Report Covers
Power Generation
Oil & Gas
Other
The regions are further sub-divided into:
-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa
Points Covered in the Report:
-The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the developments that they are making are also included within the report.
-The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
-Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements.
-The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02012580211/global-industrial-gas-turbines-market-growth-2021-2026?Mode=11
Following are major Table of Content of Industrial Gas Turbines Market:
-An overall analysis of industry trends.
-Global Industrial Gas Turbines market overview.
-Major commercial developments in the Industrial Gas Turbines industry.
-Detailed information about drivers, opportunities, and restraints of the Industrial Gas Turbines market
-Positioning of major market participants in the Industrial Gas Turbines industry.
-Competitive Landscape and analysis regarding Industrial Gas Turbines market and key product segments of a market.
-Industrial Gas Turbines market revenue and forecast analysis, by type, application, end-user and geography.
-Key market trends and future growth prospects of the Industrial Gas Turbines market.
We Offer Customization On Report Based On Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
Related Reports:
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https://www.marketinsightsreports.com/reports/05042865656/global-gas-turbines-sales-market-report-2021?Mode=11
Global Gas Turbines In Thermal Power Market Research Report 2021
https://www.marketinsightsreports.com/reports/03242747340/global-gas-turbines-in-thermal-power-market-research-report-2021?Mode=11
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Irfan Tamboli (Head of Sales): Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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