openPR Logo
Press release

Industrial gas turbine market size is likely to observe significant growth from 2016 to 2023

10-26-2016 05:17 PM CET | Energy & Environment

Press release from: gminsights

Increase in operational efficiency and reduction in environmental impacts are expected to drive the industry over the forecast period. The overall gas turbine market size is likely to witness gains of over 5.5% in the near future.

Request for an in-depth table of contents for this report @

These are mainly an internal combustion engines that generate hot gases by flaming air fuel mixture spin in order to produce power. The turbines are increasingly being adopted to achieve superior reliability and efficiency in power projects. Industrial gas turbine market mainly serves power generation purposes. Reduction in cost of natural gas and gas turbine has concerned various key players towards this industry. In addition, rise in energy demand is also like to surge the demand growth over the forecast period.

Compatibility with other energy sources such as diesel fuel, methane, biogas and crude oil has offered potential opportunities to consumers to switch the source. Increasing replacement of aging gas turbines in industries with the updated turbines has also spurred the demand growth for this industry. These turbines possess high power to weight ratio as compared to other reciprocating engines. In addition, the turbines are smaller in size and process smaller amount of moving parts in comparison with reciprocating engines, offering same power rating. Moreover, benefits offered such as high operation speeds, low lubricating oil consumption and low operating pressures are anticipated to surge global demand.

Make an inquiry for purchasing this @

High lead time required is likely to hamper the global industrial gas turbine market over the forecast period. Major factors responsible for the high lead time include heavy weight, unavailability of alloys and structural complexity. In addition, industrial turbines produces carbon requires upgrades of incompetent gas turbine power plants. The plant operation cause noise and air pollution and may also lead to deafness. High cost, longer start-up time, lesser efficiency at idle speed and low responsiveness to changes in power demand are expected to challenge the demand growth over the coming few years.

The industrial gas turbines are mostly deployed in mechanical drive and power generation sectors. These turbines are different from aeronautical designs in several ways such as frames, blading and bearings. These designs are heavier in construction and are integrated with electric generator in order to recover residual energy. They range in different sizes from man portable mobile plants to complex systems weighing over 100 tones. Most of the engines are utilized in combined heat and power (CHP) configurations so as to integrate into convenient container configurations.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

29L Atlantic Avenue,
Suite L 105, Ocean View,
Delaware 19970
United States

This release was published on openPR.

Permanent link to this press release:

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 is likely to observe significant growth from 2016 to 2023 here

News-ID: 376614 • Views: 310

More Releases from gminsights

Luxury Wine & Spirit Market Size, Industry Analysis Report, Regional Outlook
Luxury Wine & Spirit Market size will witness significant growth due to increase in demand for applications in food and beverages industry. Rise in disposable income has enhanced the buying power of consumers, that in turn has helped them to opt for niche products. These have exceptional quality of raw materials that enhance customer satisfaction and spur its demand. Improved distribution channels of companies are anticipated to boost luxury wine
Vitamin E Market size worth over $2.4bn by 2024
Vitamin E Market size is expected to exceed USD 2.4 billion by 2024; according to a new research report by Global Market Insights, Inc. Increased consumer affordability coupled with rising health concerns should drive global vitamin E market size. Rising applications scope in pharmaceutical industry for treating Alzheimer's infection, diabetes, night cramps, Parkinson's disease, epilepsy, traumatic brain injury, multiple sclerosis, cerebral palsy and Huntington's disease, is evaluated to fuel industry
Prebiotics Market worth over $8.5 Bn by 2024
Prebiotics Market size is set to exceed USD 8.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Global prebiotics market size may witness consumption of over 1.35 million tons by 2024. Rise in consumer awareness regarding healthy diet consumption leads to increase in food & feed ingredients demand which have a positive influence for growth in dietary supplement market size. They are indigestible dietary
Bio Vanillin Market size worth over $19mn by 2023
Bio Vanillin Market size is expected to surpass USD 19 million by 2023; according to a new research report by Global Market Insights, Inc. Increasing consumer preference towards natural ingredients in food & beverage and personal care formulations will drive global bio vanillin market demand. Natural ingredients have been steadily gaining acceptance with consumers, especially across evolved markets, along with regulatory support for labeling standards. Bio vanillin has been developed

All 5 Releases

More Releases for Delaware

Maryland's Highest Rated Roofer Expanding to Delaware
If you live in Maryland, you have most likely seen or heard about Xpress Exterior Design. From the bright red "X" on all their vehicles to their ever-growing social media presence, the company has grown by leaps and bounds over the past 18 months. Boasting the industry best roofing, utilizing the Owens Corning Total Protection roofing system, Xpress Exterior Design also claims to have one of the most in-depth, and
Delaware Criminal Record Check Online
How You Can Lookup Delaware Criminal Records The web has made it easier to discover just about any information. But obtaining Delaware criminal records is not as clear-cut as many people think. Individuals have been moving around more than in the past, and this trend is only predicted to continue. Having the ability to be in many different states, they can have records throughout the country. You simply can't do a criminal
Delaware Digital Media Continues Exponential Growth in Ecommerce
Bethany Beach, Delaware: January 15, 2021 - Brands and business owners are turning to Delaware Digital Media to provide visible growth for their online marketing, advertising, and ecommerce needs. With nearly a decade's experience, the Bethany Beach-based team at Delaware Digital Media has exceptional knowledge and skills in website design, marketing and as ecommerce veterans and Amazon experts. The creative and multi-talented team comprises digital marketing strategists, search engine optimization
Dema Partners Ltd. – For Incorporating an LLC in Delaware
London, UK, 07 August 2013: Delaware has long been an offshore center, thanks to a friendly General Corporation Law and Court of Chancery that deals exclusively with corporate matters. Dema Partners Ltd. assists clients incorporate in Delaware. Clients may utilize their offshore company registration services or choose from a broad variety of shelf companies. Dema Partners Ltd. offers cost-effective incorporation services in several jurisdictions across the world for establishing tax
Dover Delaware Loses 82 Pounds In 21 Days!
November 2010, Dover, DE In just 21 days 18 men and women combined lost just over 82 pounds of fat, took control of their health, and beat down the obesity epidemic with the power of goal setting. Fitness expert Chris Gray challenged his clients at Punch Kettlebell Gym to lose as much fat as possible in a 21 day rapid fat loss challenge competition. The winner would receive over $1,200
Beracah Unveils New Modular Home at Delaware State Fair
Beracah Homes has announced the unveiling of a new version of its popular “Pocomoke” model at this year’s 2008 Delaware State Fair. Harrington natives and previous State Fair livestock exhibitors Roger & Wayne Collison, worked extensively with the Delaware State Fair to have this new model completely box set, before the start of this year’s fair. The home will give fair attendees the opportunity to tour a Beracah