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.
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.
Request Sample Brochure @ http://industryarc.com/pdfdownload.php?id=15187
IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Contact Person: Sanjay Matthews
Phone: 1-614-588-8538 (Ext: 101)
Company Name: IndustryARCTM
Connect with us on LinkedIn @ http://www.linkedin.com/company/industryarc
Get More Insights on Reports @ http://goo.gl/Ga7fq7