Press release
Industrial Gas Turbine Market size was valued at USD 10.11 Bn. in 2023 and the total Industrial Gas Turbine revenue is expected to grow by 6 % from 2024 to 2030, reaching nearly USD 15.20 Bn.
Industrial Gas Turbine Market
Over the forecast period, Industrial Gas Turbine Market is expected to grow from USD 10.11 Bn. to USD 15.20 Bn. by 2030, at a CAGR of 6 per cent.
The global industrial gas turbine market has been segmented into five major regions: North America, Europe, Asia Pacific, South America the Middle East and Africa, and Latin America.
Request For Free Sample Report : https://www.maximizemarketresearch.com/request-sample/164195/
North America is expected to lead the market during the forecast period. According to the US Energy Information Administration (EIA), coal currently accounts for more than 45% of the nation's power, while natural gas accounts for approximately 28%. The EIA predicts that natural gas will be the primary fuel for power generation by 2035.
During the forecast period, Asia Pacific is expected to grow at a significant CAGR. The region's market growth can be attributed to several factors, including rapid industrialization, rising energy demand, and rising demand for clean energy technologies.
In countries such as Japan, China, Australia, South Korea, and India, government initiatives to reduce carbon emissions have led to the use of gas turbines. China is currently developing its 14TM Five-Year Plan, which will be most beneficial to the development of gas power. The 14°" FYP will implement a robust favourable policy to encourage more and more gas-fired power projects in China.
The Europe region is also expected to expand significantly during the forecast period, with governments focusing on replacing coal with either gas turbines or other renewable sources to reduce greenhouse gas emissions.
Industrial Gas Turbine Market Drivers:
• Gas Turbine Technology Reduces Greenhouse Emissions and Drives Market Growth.
• Growing Electricity Demand Accelerates Global Market Growth.
Industrial Gas Turbine Market Restraints:
• Natural gas price volatility hampers the market growth.
Industrial Gas Turbine Market Opportunities:
• Broader Scope in Emerging Economies is the Most Recent Market Trend.
• The new contracts are occupying the attention of key participants.
The Interested Stakeholders can Enquire for the Purchase of the Report : https://www.maximizemarketresearch.com/inquiry-before-buying/164195/
Industrial Gas Turbine Market segmentation:
by Capacity
• ≤ 70 MW
• 70 MW - 300 MW
• ≥ 300 MW
by Technology
• Heavy Duty
• Light Industrial
• Aeroderivative
by Cycle
• Simple Cycle
• Combined Cycle
by Sector
• Electric Power Utility
• Oil & Gas
• Manufacturing
Request Sample Copy of this Report @ https://www.maximizemarketresearch.com/request-sample/164195/
Industrial Gas Turbine Market Key Players are:
1. General Electric Company
2. Siemens AG
3. Mitsubishi Heavy Industries Ltd
4. Harbin Electric International Company Limited
5. Doosan Heavy Industries & Construction
6. OPRA Turbines
7. Rolls-Royce
8. Vericor Power System
9. Bharat Heavy Electricals Limited
10. Kawasaki Heavy Industries Ltd
11. Ansaldo Energia SpA
12. Solar Turbines
𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/industrial-gas-turbine-market/164195/
Key questions answered in Industrial Gas Turbine Market are:
1] What are industrial gas turbines used for?
2] What are the 3 basic types of gas turbines?
3] What are industrial turbines?
4] Which fuel is used in gas turbines?
5] What is the most used industrial gas?
6] What gas is the safest industrial fuel?
7] Can a gas turbine run on diesel?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Regional analysis, Segment Analysis, Competitive landscape
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Maximize Market Research has also published reports related to Industrial Gas Turbine Market are:
• Industrial Gas Regulator Market size is expected to reach nearly US$ 25.81 Bn by 2030 with the CAGR of 4.5% during the forecast period.
https://www.maximizemarketresearch.com/market-report/global-industrial-gas-regulator-market/32573/
• Global Industrial Gases for Metals & Metal Fabrication Market is anticipated to reach US$ 79.92 Bn by 2030 from US$ 54.22 Bn in 2023 at a CAGR of 5.7% during a forecast period.
https://www.maximizemarketresearch.com/market-report/global-industrial-gases-for-metals-metal-fabrication-market/102914/
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Gas Turbine Market size was valued at USD 10.11 Bn. in 2023 and the total Industrial Gas Turbine revenue is expected to grow by 6 % from 2024 to 2030, reaching nearly USD 15.20 Bn. here
News-ID: 3621782 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD
Ultrafiltered Milk Market Valued at USD 8.36 Billion in 2024, Anticipated to Gro …
The Ultrafiltered Milk Market size was valued at USD 8.36 Billion in 2024 and the total Ultrafiltered Milk revenue is expected to grow at a CAGR of 4.6% from 2025 to 2032, reaching nearly USD 11.99 Billion.
Ultrafiltered Milk Market Overview:
Ultrafiltered milk is gaining increasing attention in the dairy and functional food sectors thanks to its enhanced nutritional profile. Through a specialized membrane filtration process, ultrafiltration concentrates higher-molecular weight components…
Bath Towel Market to Grow from USD 10.46 Billion by 2032 at a CAGR of 6.7 %
The Bath Towel Market size reached USD 6.23 Bn in 2024 and is expected to reach USD 10.46 Bn by 2032, growing at a CAGR of 6.7 % during the forecast period.
Bath Towel Market Overview:
The bath towel industry is witnessing steady expansion, fueled by consumers' increasing focus on hygiene, comfort, and home aesthetics. High demand for plush, absorbent towels made of luxury materials such as Egyptian cotton, Turkish cotton,…
Carob Market to Reach USD 374.76 Million by 2032 Growing at a 5.3% CAGR
The global Carob Market was valued at USD 247.92 million in 2024 and is projected to reach USD 374.76 million by 2032, expanding at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2025 to 2032.
Carob Market Overview:
The carob market is experiencing significant growth, driven by its increasing popularity as a natural sweetener and plant-based alternative to chocolate. Derived from the seed pods of the carob…
Welding Electrode Market Expected To Reach USD 11.27 Bn by 2032
The Welding Electrode Market size was valued at USD 5.70 Billion in 2024 and the total Welding Electrode revenue is expected to grow at a CAGR of 8.9 % from 2025 to 2032, reaching nearly USD 11.27 Billion.
Welding Electrode Market Overview:
The Welding Electrode Market is evolving as a critical segment within the global manufacturing and construction industries. Welding electrodes are essential consumables that enable reliable and efficient joining of…
More Releases for Gas
City Gas Distribution Market 2022 key developmental strategies implemented by th …
The City Gas Distribution report is an in-depth examination of the global City Gas Distribution's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global City Gas Distribution industry, as well as market segmentation, competition, and the macroeconomic climate. A complete City Gas Distribution analysis takes into account a number of aspects, including a country's population and business cycles, as…
Know about City Gas Distribution Market Growth with Top Companies details like: …
The City Gas Distribution Market 2020-2024 Report involve of strong research on global City Gas Distribution industry which enables the customer to look at the possible requirement as well as prediction. The constraints and drivers are assembled after a significant study of the global City Gas Distribution market's proficiency. The development ratio which is expected in perspective of the rational analysis provides thorough information of the worldwide City Gas Distribution…
City Gas Distribution Market 2019: Top Companies- Gujarat Gas, Indraprastha Gas, …
A network that deliver the gas in the city. Growth in the market is anticipated on account of increasing natural gas demand from domestic, commercial, industrial as well as automotive end user segments.
Get Sample Copy of This Report at https://www.orianresearch.com/request-sample/1011059
City Gas Distribution Industry 2019 Global Market research report provides a detailed analysis of market growth factors, industry share, regional trends, size and Forecast till 2025. This report…
City Gas Distribution Market Exploring Future Growth 2019-2023 and Key Players - …
Global City Gas Distribution Market Research Report consists of all the significant data related to the global market. The report presents a comprehensive analysis of the various industry growth factors, including the market trends, dynamics, estimates, production and consumption ratio, industry development factors, size, share, supply and demand, forecast trends, sales, as well as several other factors. The report has been generated leveraging a blend of the primary and secondary…
Global City Gas Distribution Market 2018: Key Players – Gujarat Gas, Indrapras …
Summary
WiseGuyReports.com adds “City Gas Distribution Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
This report provides in depth study of “City Gas Distribution Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The City Gas Distribution Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an…
City Gas Distribution Market Latest Technology Trends 2018 | Growth by Top Compa …
A network that deliver the gas in the city.
Growth in the market is anticipated on account of increasing natural gas demand from domestic, commercial, industrial as well as automotive end user segments.
The report Global City Gas Distribution Market 2018 focuses on fundamental know-how of City Gas Distribution segment. The report provides comprehensive study and vivid description of drivers, limitations, openings, request factors, market size, conjectures, and patterns in the Worldwide…
