Gas Turbines Market: power generation applications driving demand for gas turbine generator during 2016-2021.

Gas turbine is an ignition engine which transforms natural gas or liquid fuels into automatic energy. The energy creates motion in a generator and produces electrical energy which is supplied to homes and industries. There is high scope for the growth of the Gas Turbines Market during 2016-2021.

Scope and Regional Forecast of the Gas Turbines Market:

According to the IndustryARC research analysis studies on the Gas Turbines Market, the heavy duty type gas turbine segment is expected to dominate with high share. The aero derivative segment is anticipated to develop at the utmost rate, owed to its higher competence and cost efficiency.

Asia-Pacific is the leading market for gas turbines and it is expected to have highest growth in the next few years due to growing adoption of turbines in the market. North America Gas Turbines Market accounts a large portion of the global market for gas turbines and it is the next fastest growing market followed by Europe.

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In developing countries such as China and India, robust growth in demand for electricity driven by high levels of urbanization, industrialization, & infrastructural expansions and ensuing investments in emerging new large-gas fired combined cycle power generation are fueling the growth of the Gas Turbines Market. China, Germany, Italy, the U.K., and the U.S. are the major users of gas turbines industry.

Segmentation and Key Players of the Gas Turbines Market:

The Gas Turbines Market is segmented into various categories in the IndustryARC marketing research report by design type, by capacity, by technology, by application and by geography.

By design type: heavy duty, industrial and aero derivative

By capacity: 1-40 MW, 40-120 MW, 120-300 MW and above 300 MW

By technology: open cycle, combined cycle

By application: power generation, oil and gas, automotive, food processing, marine, aerospace and others

By geography: North America, South America, Europe, Asia Pacific and ROW

The key players in the Gas Turbines Market according to the IndustryARC research report are as follows:

  • The European Turbine Network (ETN)
  • Siemens AG
  • TransCanada Turbines
  • Turbine Services Limited
  • Southern Gas Turbines & Aviation Services (S) Pte. Ltd.

The Gas Turbines Market is a rapidly growing market especially for the power generation applications in various regions with high demand for the turbine generator in gas power plant across the globe. This market is expected to witness high growth due to the rise in investment by companies for better gas turbine efficiency and increase in use of gas turbine power generation applications during 2016-2021.

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