Aeroderivative Gas Turbine Market By Technology (Open Cycle, Combined Cycle), Industry Share & Forecast, 2017 – 2024
Aeroderivative Gas Turbine Market size will exceed 21 GW by 2024, as reported in the latest study by Global Market Insights, Inc.
Rising cogeneration technology adoption to meet the growing electricity demand will drive the global aeroderivative gas turbine market size by 2024. Countries including the U.S., UK, France, and Germany are investing aggressively for replacement of their existing coal fired power stations with the sustainable energy, positively impacting the industry growth. U.S. federal government is planning to increase the share of cogeneration by 30% over the next ten years in line to achieve its clean energy target.
Growing focus towards the capability enhancement of aviation and maritime defense forces will drive the aeroderivative gas turbine market. Light weight, small carbon footprint, high cycle flexibility and short downtime for maintenance are some of the salient features which makes it preferable over other available alternatives. Companies including GE and Siemens are making significant investments towards the development of effective high capacity technology. GE deployed its latest LM2500 to U.S. and Indian warships in 2016.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1184
Aeroderivative gas turbine market for over 18 MW will see strong growth owing to growing applications across power generation and O&G industries. In 2017, GE launched LM9000 and NovaLT12 technology which helps in delivering safe, precise, and flexible energy supply to upstream and midstream operations.
Browse key industry insights spread across 162 pages with 392 market data tables & 10 figures & charts from the report, “Aeroderivative Gas Turbine Market Size, By Capacity (≤ 18 MW, > 18 MW), By Technology (Open Cycle, Combined Cycle), By Application (Power Generation, Oil & Gas, Industrial, Marine, Aviation), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Russia, Italy, Germany, France, China, India, Japan, South Korea, Saudi Arabia, UAE, Egypt, Algeria, Brazil, Argentina), Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
U.S. aeroderivative gas turbine market share is predicted to witness gain over 11% by 2024. Stringent emission norms coupled with deployment of new cogeneration facilities will positively impact the business outlook.
For Europe, Russia accounted for over 130 MW in 2015. Growing investments towards replacement of aging coal fired stations with sustainable cogeneration plants will boost the industry growth.
China aeroderivative gas turbine market is set to exceed USD 350 million by 2024. Government measures to strengthen energy and defense industry will positively favor the industry growth. In 2014, GE and China Huadian Corporation (CHD) ventured together to form Huadian GE Aero Gas Turbine Equipment Co., Ltd. (HDGE).
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1184
India aeroderivative gas turbine market is anticipated to witness gain over 15% during the forecast timeframe. Rising concern towards the emission control and climate change may favor the business landscape. Saudi Arabia was valued over USD 180 million in 2015. In 2016, Saudi Electricity Company (SEC) awarded General Electric for the supply of 7F.05 turbines for Waad Al-Shamal plant.
Key industry players include Mitsubishi Hitachi Power Systems, Siemens AG, ABB, Solar turbines, Vericor Power Systems, General Electric, NPO Saturn, Opra turbines and Kawasaki.
About Global Market Insights, Inc.
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 Aeroderivative Gas Turbine Market By Technology (Open Cycle, Combined Cycle), Industry Share & Forecast, 2017 – 2024 here
News-ID: 642509 • Views: 245
More Releases from Global Market Insights, Inc
Refractories Market 2020 by top key players Saint-Gobain, Morgan Advanced Materi …
Global Refractories Market size was estimated at USD 30 billion in 2018 and is projected to surpass USD 41 billion by the year 2025. Refractories market is classified into monolithic, brick & shapes and others. Other refractories products is expected to gain close to 3% by 2025. Other refractory products include ceramic fibers and refractories raw materials used for manufacturing refractories inhouse. Ceramic fibers are lightweight, has high temperature stability and
Offshore Crane Market Trends 2020 By Industry Players Liebherr Group, National O …
The size of the overall Offshore Crane Market was recorded at USD 2.5 billion in the year 2018 and is now projected to surpass around USD 5 billion by 2026. The ongoing exploration of new offshore oil & gas fields will surge the demand for offshore cranes. The growing demand for maintenance & repair of oil & gas extraction systems will drive the offshore crane market growth. The equipment is primarily
Assisted Reproductive Technology Market Top Players | Cooper Surgical Inc., Cook …
Assisted Reproductive Technology Market will reach over USD 32.5 billion by 2024; as per a new research report. Increasing number of people suffering from infertility issues coupled with rising awareness about assisted reproductive technology (ART) will drive ART market over the forecast timeframe. Furthermore, changing social factors and rising disposable income should positively impact industry expansion. Procedures such as in-vitro fertilization are offered at low cost in developing countries such as
What's driving the Lithopone Market growth? | Leading Key Players Titanos, Langf …
A report by DecResearch estimates that the lithopone market size will be valued at over $235 million by 2025. Rapid global urbanization has given rise to a thriving construction industry which is a significant contributor to the lithopone market growth. The strong reducing power and chemically inert nature of lithopone has led to its extensive application across numerous industries including paints & coatings, paper& pulp, rubber, leather, plastics and linoleum
More Releases for Gas
Acetylene Gas Market
According to a new research report distributed by eSherpa Market Reports titled, Acetylene Gas Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2015-2026, the global Acetylene Gas market was valued at $XXX million in 2020, and is expected to reach $XXX million by 2026, registering a CAGR of XX% from 2015 to 2026. Europe dominated the global Acetylene Gas market in 2020, accounting for one-third share
Global Gas Mixtures Market
Global Gas Mixtures Market – Industry Analysis and Forecast (2018-2026) – by Mixture Type, Storage & Distribution Mode, Manufacturing Process, End-use Industry, and Region. Global Gas Mixtures Market was valued at US$ 30.2Bn in 2017 and is expected to reach US$ 43.2Bn by 2026 at a CAGR of 4.5%. Global gas mixtures market has been developing at a faster pace with the advance creative systems. Factors such as robust growth of the
Oil & Gas Explosion Lawyer
Concerns about gas and oil explosions and worker safety have been at the forefront of Oklahoma state officials’ minds as they continue to investigate a recent Pittsburg County explosion that left five workers dead and 17 with minor injuries. The explosion has shaken a state that is heavily invested in the fuel industry and has been said to be the worst incident of its kind since the Deepwater Horizon tragedy. Oklahoma
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
Global Acetylene Gas Market 2017 - Jinhong Gas, Koatsu Gas, Linde
The report entitled Global Acetylene Gas Market 2017 presents key insights into the global Acetylene Gas market along with the latest up-to-date industry details and forthcoming Acetylene Gas industry trends, which will assist the readers to focus on product specification and end users driving the overall market revenue and profitability. Report Keynotes: The main motive of the report on "Global Acetylene Gas Market 2017" is to study comprehensive details of the market
Green Vegetables Gas Up
WELTEC BIOPOWER Builds 500-kW Biogas Plant for Vegetable Producer In January 2015, WELTEC BIOPOWER started building an anaerobic digestion plant in Loughgall, Northern Ireland. The customer and operator of the 500-kW plant is the vegetable producer Gilfresh Produce. The enterprise produces numerous field-grown products and processes them into food. "For WELTEC, this is the third plant in Northern Ireland and thus the eleventh in the UK", says Kevin Monson, sales manager