LONDON–(BUSINESS WIRE)–#CapitalGoods–Technavio has been monitoring the global gas turbine market and the market is poised to grow by USD 4.79 billion during 2018-2022 at a CAGR of over 3% during the forecast period. Request Free Sample Pages
Read the 139-page research report with TOC on “Gas Turbine Market Analysis Report by Technology (Combined-cycle gas turbine and Open-cycle gas turbine), by Product (Heavy-duty gas turbine and Aeroderivative gas turbine), by End user (POWER generation, Mobility, Oil and gas and Others), by Geography (Americas, APAC and EMEA), and Segment Forecasts, 2018-2022”.
The market is driven by the enhanced efficiency and robustness of gas turbines. In addition, the development of gas turbine combined cycle (GTCC) and integrated coal gasification combined cycle (IGCC) technologies is anticipated to further boost the growth of the gas turbine market.
Several leading manufactures are investing heavily in the development of high-efficiency gas turbines. These gas turbines incorporate advanced coating for turbine blades to improve their reliability to operate under high temperatures. Modern gas turbines offer high durability by increasing the interval between scheduled services. This prevents the failure of gas turbines and high financial losses.
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Major Five Gas Turbine Market Companies:
Ansaldo Energia is headquartered in Italy and operates the business under various segments such as New units, Service operations, and Nuclear. The company manufactures gas turbines under its new units business segment.
Caterpillar is headquartered in the US and offers products through the following business units: Construction industries, Energy and transportation, Resource industries, and Financial products. The company is known for manufacturing gas turbines via Solar Turbines.
GENERAL ELECTRIC is headquartered in the US and operates under various business segments, namely Power, Aviation, Healthcare, Renewable energy, Oil and gas, Transportation, Lighting, and Capital. The company is known for manufacturing Aeroderivative and heavy-duty gas turbines.
Kawasaki Heavy Industries
Kawasaki Heavy Industries is headquartered in Japan and offers products through the following business segments: Ship & Offshore Structure, Rolling Stock, Aerospace, Gas Turbine & Machinery, Plant & Infrastructure, Motorcycle & Engine, Precision Machinery, and Other.
MITSUBISHI HEAVY INDUSTRIES
MITSUBISHI HEAVY INDUSTRIES is headquartered in Japan and offers products through the following business segments: Power systems, Industry and infrastructure, and Aircraft, defense, and space. The company is known for manufacturing high-quality gas turbines.
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Gas Turbine Technology Outlook (Revenue, USD Million, 2018-2022)
- Combined-cycle gas turbine (CCGT)
- Open-cycle gas turbine (OCGT)
Gas Turbine Regional Outlook (Revenue, USD Million, 2018-2022)
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