openPR Logo
Press release

Turbine Electrical Power Generation Market Is Expected To Reach USD 21,180.5 Bn By 2022: Credence Research

05-03-2017 10:26 AM CET | Energy & Environment

Press release from: Brisk Insights

Turbine Electrical Power Generation Market Is Expected To Reach

According to the latest report published by Credence Research, Inc. “Gas Turbine Electrical Power Generation Market (Turbine Type: Open and Combined Cycle Gas Turbine; Power Generating Fuel: Fuel Oil, Natural Gas, Kerosene, Diesel and others): Growth, Future Prospects and Competitive Analysis, 2016-2022,” the gas turbine electrical power generation market was valued at USD16,515.5Bn in 2015, and is expected to reach USD 21,180.5 Bn by 2022, expanding at a CAGR of 3.4% from 2016 to 2022.
Browse the full report Gas Turbine Electric al Power Generation:Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at http://www.credenceresearch.com/report/gas-turbine-electrical-power-generation-market
Market Insights
The demand for gas turbines can be directly linked to the development in gas-fired power plants. However, the production and supply of most of the world’s natural gas is concentrated in a few countries, causing price disparity for importers. Moreover, supply disruptions are prevailing due to the geo-political tensions and pipelines & related infrastructure issues. Hence, factors such as price disparity in international trade of natural gas and continuing concerns over stable natural gas supply are restraining the market for gas turbines.
In year 2015, it was observed that open cycle gas turbine was leading the overall market with market value USD 9,487.1 million due to high adoption rate, initial technology, and affordable price compared to combination cycle. However, the ground breaking advantages of combination cycle such as high energy efficiency, and energy output are expected assist the significant growth of this segment throughout the forecast period.The demand for gas turbines is experiencing significant growth worldwide due to favorable regulations and fuel availability. Power generating companies are keen to switch from environmental foes like gas and view gas turbines as a swift and flexible alternative with low capital requirement. More and more demand for gas turbines is coming from fast-developing economies. The use of gas turbine is also encouraged as a part of domestic environmental policies.
The largest share of electricity in Europe still comes from gas turbine and steam-based power plants, but the amount of electricity generated from renewables is considerably growing. Electricity demand from both emerging and mature economies in the region and decommissioning of old thermal power plants and nuclear power facilities are some of the key driving factors for Europe market. The replacement needs across US, France, Italy and Germany are high due to decommissioning and growing legal compliance requirements, this will fuel the demand for gas turbines in Western Europe. Orders placed before the economic turmoil of 2007-2008 are have been aptly fulfilled in Europe and new orders though low in numbers on a gradual rise. Western Europe market for gas turbines offer a favorable outlook and will gain steady pace through the forecast period. Combined heat and power plants based on gas turbines generates a significant portion of energy in Europe, the share is approximately 12% in Germany and the government intends to raise that to 25% by 2030. Other countries in Europe are anticipated to follow the same suit.
This market has already matured and is characterized by consolidation activities. GE, Siemens and Mitsubishi Hitachi Power Systems are some of the biggest names in the market. Additionally, Rolls Royce leads specialized in small turbines business. Technical establishment and humongous capital requirements are the most critical entry barriers in the gas turbine electrical power generation market. A majority of these players have realized he significant market opportunities that are yet untapped in the Asian markets and are increasingly targeting the national markets of South Asia.
Browse the full report Gas Turbine Electric al Power Generation:Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at http://www.credenceresearch.com/report/gas-turbine-electrical-power-generation-market

Company: http://www.credenceresearch.com
Request Sample: http://www.credenceresearch.com/sample-request/57985
Blog: http://www.techtopworld.com/category/energy/

About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact
Company Name: Credence Research, Inc
Contact Person: Chris Smith, Global Sales Manager
Email: sales@credenceresearch.com
Phone: +1-800-361-8290
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/gas-turbine-electrical-power-generation-market

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 Turbine Electrical Power Generation Market Is Expected To Reach USD 21,180.5 Bn By 2022: Credence Research here

News-ID: 520871 • Views:

More Releases from Brisk Insights

Global Refrigerated Display Cases (RDC) Market - Growth, Future Prospects & Comp …
According to a new market research report published by Brisk Insights, "Refrigerated Display Cases (RDC) Market (by Product Type (Plug-in RDCs & Remote RDCs), by Product Design (Vertical - Front Open, Horizontal - Top Open, and Others (Hybrid, etc.)), By End-use (Food Service Establishments & Retail Establishments), by Geography (North America, Europe, Asia Pacific, and Rest of the World)) - Growth, Future Prospects, and Competitive Landscape, 2019 -2027", the global
Increased Adoption Of Cloud-Based Services And Big Data Analytics To Drive Deman …
According to a new market report published by Acute Market Reports, "Global Data Center Cooling Market (By Product (Air conditioners, Chillers, Cooling Towers, Economizers, and Other Equipment), By Cooling Technique (Air-based Cooling, and Liquid-based Cooling), By Cooling Architecture (Room, Rack, and Row)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 - 2025", the global data center cooling market is expected to witness strong growth during the forecast period 2017
Pharmacy Dispensing Machines Market Is Expected To Reach US$ 6,023.2 Mn By 2026
The latest market report published by Brisk Insights “Global Pharmacy Dispensing Machines Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global pharmacy dispensing machines market was valued at US$ 3,222.2 Mn in 2017, and is expected to reach US$ 6,023.2 Mn by 2026, expanding at a CAGR of 7.3% from 2018 to 2026. Market Insights Every year billions of dollars are wasted by the healthcare agencies throughout the globe
Global Ambulatory Care Services Market Is Expected To Reach US$ 106.8 Bn By 2025
The latest market report published by Brisk Insights “Global Ambulatory Care Services Market - Market Growth, Future Prospects, Competitive Analysis and Pipeline Analysis, 2017 - 2025,” the global ambulatory care services market was valued at US$ 72.96 Bn in 2016, and is expected to reach US$ 106.8 Bn by 2025 expanding at a CAGR of 4.22 % from 2017 to 2025. Market Insights According to World Health Organization in 2013 approximately 33%

All 4 Releases


More Releases for Power

Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan. The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,
Temporary Power Generation/Power Rental Market Analysis by Leading Manufacturers …
A new research study from HTF MI with title Global Temporary Power Generation/Power Rental Market Size, Status and Forecast 2025 provides an in-depth assessment of the Temporary Power Generation/Power Rental including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Temporary Power Generation/Power Rental investments till 2022. Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1191683-global-temporary-power-generation-power-rental-market-2 If you are involved in
DC Power Connectors ,DC Power Connectors industry, DC Power Connectors market tr …
Global DC Power Connectors Industry New Study on “2018-2025 DC Power Connectors Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” added to Wise Guy Reports Database This report studies the global DC Power Connectors market status and forecast, categorizes the global DC Power Connectors market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other
Global Temporary Power Generation/Power Rental Market 2017 - Aggreko, HSS, Power …
Increasing power consumption for industrial and commercial applications has built up a demand-supply gap in the power market. This gap is even more evident during the peak hours for electricity consumption. This has led to the development of power rental systems which are capable of providing temporary power during phases of the low power supply. Scope of the Report: This report focuses on the Temporary Power Generation/Power Rental in Global market, especially