openPR Logo
Press release

Combined Cycle Gas Turbine Market Global Industry Analysis Forecast 2016 - 2024

12-19-2016 09:21 AM CET | Energy & Environment

Press release from: Transparency Market Research

Combined Cycle Gas Turbine Market Global Industry Analysis

A combined cycle power plant uses a gas as well as an auxiliary steam turbine to improve its overall efficiency, with the former being the primary power generator and the latter recovering the exhaust gas heat. Individually, gas turbine and steam turbine power plants have an average efficiency between 25 % and 40 %, depending on their fuel source and capacity. However, when installed in combination, it increases to 60%. In terms of capacity, fuel, and number of turbines, the combined cycle power plant can have several configurations such as: 1×1 (one gas turbine, one steam turbine), 2×1 (two gas turbines, one steam turbine), 3×1 (three gas turbines, one steam turbine), and sometimes even 4×1 (four gas turbines, one steam turbine).

The increasing number of laws and regulations on carbon footprint, CO2 & CO emissions, NOx emissions, and other particulate matter has compelled power generation companies to adopt systems such as combined cycle gas turbines and renewable energy. However, while the average cost of renewable energy varies from US$ 1500/kw to US$ 3000/kw, that of power generated from combined cycle gas turbines is US$ 500/kw to US$ 800/kw. Also, the average life span of renewable energy power plants is only 20 years, whereas combined cycle gas turbine plants live for 30. Therefore, the latter are a more efficient, economic, and durable option.

Interpret a Competitive outlook Analysis Report with PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17582

Combined cycle gas turbines also possess the capacity and flexibility to cope with discrepancies in power demands through the day. Furthermore, growing awareness about the need to develop better alternatives and accessories and the subsequent advancing technology are expected to propel the combined cycle gas turbine market. The usage of cleaner fuels such as natural gas to reduce emissions will also increase the adoption of this configuration in future.

The combined gas turbine market is divided into two segments based on design: heavy duty gas turbines (widely used for commercial power generation) and aeroderivative gas turbines. The latter are relatively compact and smaller in size and are employed in applications where space constraints are high and power requirements low. Based on geography, the market can be split into: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America and Asia Pacific are currently as also expected to remain the major markets, because of the growing population and industrialization in China and India leading to a monumental surge in power requirements in this region, as well as the regulations on emissions due to global issues such as global warming and climate change in Europe and North America.

There is healthy competition among key market players to increase the efficiency of combined cycle gas turbines beyond the 61% mark by designing and developing gas turbines & steam turbines with better materials, fuel types, and accessories. Leading companies include General Electric, Siemens, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems (MHPS), Doosan Heavy Industries & Construction Co Ltd., and Solar Turbines.

Complete Report with TOC : http://www.transparencymarketresearch.com/combined-cycle-gas-turbine-market.html

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

90 Sate Street, Suite 700
Albany, NY 12207

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 Combined Cycle Gas Turbine Market Global Industry Analysis Forecast 2016 - 2024 here

News-ID: 397935 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for Combined

Emerging Trends Influencing The Growth Of The Combined Pituitary Hormone Deficie …
The Combined Pituitary Hormone Deficiencies Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. How Big Is the Combined Pituitary Hormone Deficiencies Market Size Expected to Be by 2034? The combined pituitary hormone deficiencies market has grown steadily in recent years. It will grow from $1.95 billion
Global Industrial Combined Heat And Power Market Size by Application, Type, and …
USA, New Jersey- According to Market Research Intellect, the global Industrial Combined Heat And Power market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The industrial combined heat and power (CHP) market is witnessing significant growth due to increasing demand for energy-efficient and cost-effective power solutions.
Combined Miniature Voltage Transformer Market
Combined Miniature Voltage Transformer Market Overview Fully enclosed, good environmental performance, strong voltage isolation ability, beautiful appearance. Using the combined type transformer is more economical than using the same number of single transformers. This report provides a deep insight into the global Combined Miniature Voltage Transformer market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend,
Combined Heat & Power Market Analysis By Technology
Combined Heat Power Market Analysis By Technology On the basis of technology, the combined heat & power market is segmented into gas turbine, micro turbine, spark ignition reciprocating engine, steam turbine and fuel cells. There is a great potential in the market of micro CHP units due to their easy operating features, which provides numerous benefits in residential and commercial areas. Get Free Sample PDF: https://www.alliedmarketresearch.com/request-toc-and-sample/344 Combined Heat & Power Market Country scope U.S.,
Global Combined Bearing Market Growth 2019-2024
LP INFORMATION offers a latest published report on Combined Bearing Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the Combined Bearing market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,
Real Estate and High-Tech industry combined
Rubina Real Estate has unified specialists from the real estate industry and representatives of tech-start ups at the kick-off event ‘bricks & tech - innovational talks about the digital future of real estate’ in The Liberate Bar in Berlin. Twenty high-class guests were attending this private event. Guests from the real estate industry included among others Mr. Gordon Gorski, Managing director of Hochtief project development GmbH and Dr. Matthias von