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Gas turbines market that is poised to reach USD 20.66 billion by 2022 examined in new market research report

Gas turbines market to provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The leading players in the gas turbines market include GE (US), Siemens (Germany), MHPS (Japan), and Ansaldo (Italy).

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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, gas turbines market at a CAGR of 3.36%, from 2017 to 2022.  

The Gas Turbines Market in Asia Pacific is currently the largest for gas turbines, followed by the North American and European markets. The Japanese market accounted for a majority share of the Asia Pacific market in 2016 while China is projected to grow at the highest CAGR, from 2017 to 2022 The slowdown in the nuclear power industry due to the Fukushima incident and the continuing replacement of nuclear and aging coal plants with gas-fired ones would continue to drive the Japanese gas turbines market.

Inquire For Complete Report Copy of Gas Turbines Market 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 Oil & Gas), and Region - Global Forecast to 2022 at…ying?rname=456498

This growth can be attributed to the increasing demand for electricity, availability of efficient power generation technology, rising demand for natural gas-fired power plants, impact of the shale gas revolution, and reduction in the emission of carbon dioxide.

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The report segments the gas turbines market, by application in various industries, into power generation, oil & gas, and other industries. Based on its rated capacity, the gas turbines market has been categorized into 1–40 MW, 40–120 MW, 120–300 MW, and above 300 MW.

Target Audience:

  • Gas turbine manufacturers
  • Manufacturers’ associations
  • Public and private operators of natural gas power plants
  • Government and research organizations
  • Institutional investors
  • Suppliers of parts and components in the gas turbines industry 

“Gas Turbines market” spread across 161 pages, profiling 13 companies and supported with 67 tables and 31 figures is now available at…ount?rname=456498

The leading players in the gas turbines market include Kawasaki Heavy Industries, Siemens, GE, MHPS, Ansaldo, Harbin Electric, OPRA, Man Diesel, Solar Turbines, Vericor Power, BHEL, Centrax, Zorya 

Key Point from Table of Content 

Gas Turbines Market, By Technology
Open Cycle
Combined Cycle 

Gas Turbines Market, By Application
Power Generation
Oil & Gas
Other Industrial Applications 

Gas Turbines Market, By Design Type
Heavy Duty (Frame) Type
Aeroderivative Type 

Access this Report @…hase?rname=456498

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