Gas Turbines Market - Projected to Reach $20.6 Billion by 2022 - Research and Markets
The "Gas
Turbines Market by Technology, Rating Capacity, Design Type, Application
and Region - Global Forecast to 2022" report has been added to Research
and Markets' offering.
The gas turbines market is estimated to be USD 17.51 billion in 2017 and
is projected to reach USD 20.66 billion by 2022, at a CAGR of 3.36%,
from 2017 to 2022.
The increasing demand for natural gas-fired power plants, rising demand
for electricity, reduction in emissions of carbon dioxide, and
availability of efficient power technology are driving the gas turbines
market. Natural gas is the cleanliest source of fossil fuel used to
support intermittent generation from renewable sources. Thus, an
increase in the demand for natural gas power plants is expected as
governments implement strict norms for the emission of carbon dioxide.
The shale gas boom in North America and decommissioning of nuclear
plants in Europe are likely to boost the demand for gas turbines in
these regions. The demand for gas turbines in the Middle East & Africa,
Latin America, and Asia Pacific is expected to be influenced by the new
gas-fired power plants and the upgrade of old existing thermal power
plants in the regions. Natural gas price volatility and natural gas
infrastructure concerns are the major restraining factors for the gas
turbines market.
The heavy duty (frame) type gas turbines segment is expected to be the
largest market, accounting for more than two-thirds of the total gas
turbines market. The demand for gas turbines for power generation is
expected to increase due to stringent emissions standards and high
efficiency standards. Combined cycle plants with heavy duty turbines
enable high flexibility and low emissions even in part load operations.
Thus, with an increase in the number of gas-fired power plants, the
demand for heavy duty gas turbines is expected to increase in the power
generation sector.
Companies Mentioned
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Ansaldo
-
BHEL
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Centrax
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GE
-
Harbin Electric
-
Kawasaki Heavy Industries
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MHPS
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Man Diesel
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OPRA
-
Siemens
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Solar Turbines
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Vericor Power
-
Zorya
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Gas Turbines Market, By Technology
7 Gas Turbines Market, By Application
8 Gas Turbines Market, By Design Type
9 Gas Turbines Market, By Rated Capacity
10 Gas Turbines Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/kjmtpd/gas_turbines
View source version on businesswire.com: http://www.businesswire.com/news/home/20171031006544/en/
Copyright Business Wire 2017
Source: Business Wire
(October 31, 2017 - 4:29 PM EDT)
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