Press release
Global Industrial Gas Turbines Market to Grow at a CAGR of 2.40% By Technology (Open Cycle and Combined Cycle), Rating Capacity (Less than 40 MW, 40-120 MW, 120-300 MW, and Above 300 MW), Design Type (Heavy Duty and Aeroderivative), Application (Power and
Market Research Report
About Industrial Gas Turbines
Gas turbines are combustion turbines; these plants include an internal combustion engine, wherein the fuel is mixed with air, causing ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which results in the rotation of the turbine. Gas turbines are used in power generation, cogeneration, mobility, and mechanical drive applications. Apart from the power sector, the demand for gas turbines from various industries has increased significantly in the last decade. With the growing availability of natural gas fuel and favorable regulations, it is expected that the demand for gas turbines in various industries will increase further during the forecast period
Technavios analysts forecast the global industrial gas turbines market to grow at a CAGR of 2.40% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global industrial gas turbines market for 2017-2021. The market size is calculated based on the demand for gas turbines from industrial applications.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Industrial Gas Turbines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
GE
Siemens
Ansaldo Energia,
Kawasaki Heavy industries
Mitsubishi Hitachi Power Systems
Other prominent vendors
Mitsubishi Heavy Industries
MAN Diesel & Turbo
MOTOR SICH JSC
Niigata Power Systems
Opra Technologies
Solar Turbines
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Market driver
Consolidation of market vendors
For a full, detailed list, view our report
Market challenge
Contraction in mining industry in China
For a full, detailed list, view our report
Market trend
Growth in natural gas pipeline networks
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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