Title: S12_00
1Gas Turbine Market Analysis, Research and Trends
Report 2022- 2028
- Gas Turbine Market analysis is covered in this
latest research report that aims to help those
taking daily business decisions by providing
market trends information, competitive landscape
scenario, forecasts and more. - The industry share in Europe is poised to expand
at a substantial rate of 8.7 through 2028. The
rise can be credited to an increase in capacity
expansion initiatives by various market players. - The Asia Pacific gas turbine market size is set
to witness considerable expansion owing to an
upsurge in the research initiatives and MoUs in
the region.
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2- Numerous companies in the aviation industry are
signing contracts and agreements for the
expansion of their production capacities and the
introduction of new products. Considering an
instance, in March 2022, Rolls-Royce and Air bp
entered an agreement. The transaction was
centered on the reduction of lifecycle carbon
emissions for gas turbine tests conducted at
three sites.
- The deal was further aimed at ensuring the
deployment of a 10 SAF (Sustainable Aviation
Fuel) blend for engine testing at Rolls-Royce
units in Germany and the U.K.
- Considering an instance, in June 2021, IHI
Corporation and GE inked a memorandum of
understanding (MoU) for the collaborative
development of their Ammonia Roadmap, focused on
the gas turbine business. The initiative would
support the usage of ammonia as a carbon-free
fuel for the reduction of lower carbon emissions
in new as well as existing turbines.
- Furthermore, under the MoU, both the companies
would conduct research pertaining to the
marketplace volume of ammonia. Additionally, they
would also undertake feasibility studies for
ammonia as feedstock for the installation of gas
turbine power plants in Japan and across the
Asian continent.
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4- The Asia Pacific gas turbine market size is set
to witness considerable expansion owing to an
upsurge in the research initiatives and MoUs in
the region. Considering an instance, in June
2021, IHI Corporation and GE inked a memorandum
of understanding (MoU) for the collaborative
development of their Ammonia Roadmap, focused on
the gas turbine business. The initiative would
support the usage of ammonia as a carbon-free
fuel for the reduction of lower carbon emissions
in new as well as existing turbines.
- Capstone Green Energy Corporation, Mitsubishi
Heavy Industries, Solar Turbines, UEC Saturn,
Baker Hughes Company, Kawasaki Heavy Industries
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turbine-market
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