Global Gas Turbine Market Size

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• Global Gas Turbine Market to Reach Value of US
  33,951.6 Mn by 2029

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• According to a new market report published by
  Industry Probe (www.industryprobe.com) titled
  Gas Turbine Market (Type Aeroderivative and
  Heavy Duty Gas Turbine Output Range 1 to 40 MW,
  40 MW to 120 MW, and 120 MW and Above Fuel Type
  Diesel Fuel, Heavy Fuel, Dual Fuel, and Natural
  Gas Application Power Generation, Mechanical
  Drive, and Others) Global Industry Dynamics
  2018-19, Trends and Forecast, 20212027 the
  global gas turbine market is expected to expand
  at a CAGR of 4.0 from 2021 to 2029 and reach US
  13.43 Bn by 2029.

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• Click here to Access Sample Report Gas Turbine
  Market
• As per the report, Asia Pacific held prominent
  share in the global gas turbine market in 2018
  followed by North America and Europe. The Asia
  Pacific market is anticipated to show good growth
  opportunities for manufacturers of gas turbines
  during the forecast period. Global gas turbine
  market is majorly driven by advanced
  technologies, which boost generation efficiency,
  ongoing development of suitable gas
  infrastructure, and climate change commitments.
  Asia Pacific, a region with economic growth and
  high population is thereby anticipated to drive
  the demand for gas turbines. Owing to growing
  concerns over air pollution, the power generation
  industry is shifting toward increasing use of
  natural gas.

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• The growing use of natural gas is projected to
  boost the gas turbine market in the world during
  the forecast period. Power generation and oil
  gas industries are the major consumers of gas
  turbines in the world. Demand for electricity is
  increasing rapidly in the developing countries
  due to increasing population, growing middle
  class, and industrial growth, which is also
  projected to propel the gas turbine market.

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• Share your requirements for Customized Gas
  Turbine Market Study
• Along with the driving factors propelling the
  growth of the gas turbine market, the report
  mentions some of the challenging factors that may
  hinder the growth of the market during the
  forecast period. The report states that the
  average cost of gas turbines is around US
  1,100/kW of power generated. Along with
  procurement of gas turbines, buyers have to spend
  a major amount on periodic maintenance. For a
  long time, gas turbine OEM companies such as GE,
  MHPS, and Siemens offered long-term service
  agreements for the duration of its usable life.
  However, the power generation industry is looking
  for alternatives to reduce the procurement cost
  beyond its warranty period. High procurement
  costs are making it difficult for middle-scale
  and small-scale buyers to procure gas turbines as
  these buyers operate on a low-profit-margin. High
  procurement cost is expected to hamper market
  growth during forecast period.

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• Contact an analyst to understand more about Gas
  Turbine Market
• The gas turbine market is dominated by several
  players who are focused on the development of new
  types to cater to the changing consumer
  preferences.
• The report includes the below mentioned pointers
  of major players operating in the gas turbine
  market
• Competition Matrix
• Company Overview
• Market Share Analysis (2018)
• Product Innovation
• Business Strategies / Recent Developments
• Technological advancements
• Key mergers and acquisitions
• Expansion strategies
• Company Financials

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• Some of the prominent players profiled in this
  report to give a better competitive analysis of
  the global gas turbine market include General
  Electric, Siemens, Mitsubishi Hitachi Power
  Systems, Ltd, Ansaldo Energia, Kawasaki Heavy
  Industries, Ltd, Capstone Turbine Corporation,
  MAN Energy Solutions, OPRA Turbines, Caterpillar,
  and Centrax Gas Turbines.

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