Press release
Gas Turbine Market is Projected to Reach USD 30.45 billion in 2030: Cognitive Market Research
Gas Turbine Market is Projected to Reach USD 30.45 billion in 2030: Cognitive Market Research
Gas turbines are devices that use combustion to transform the energy of a fuel into mechanical energy. Then, generators, compressors, and other machinery are powered by this mechanical energy. A compressor, a combustion chamber, and a turbine are the typical components of a gas turbine. Air is drawn in by the compressor, compressed, and then sent to the combustion chamber, where fuel is added and burnt to create hot gases. The turbine rotates and produces mechanical energy as a result of the hot gases' expansion when they are focused onto its blades. After being released from the turbine, the exhaust gases may be used for heating or other purposes.
Summary:
As per the study of CMR, The Global Gas Turbine market was valued at USD 20.10 billion in 2022 and it will reach USD 30.45 billion in 2030 at a CAGR of 5.3% during the forecast period of 2023-2030.
To know more about The Gas Turbine Market statistics click here: https://www.cognitivemarketresearch.com/gas-turbine-market-report
What are the driving factors for the global gas turbine market?
A surge in demand for electricity, an upgrade of conventional electric infrastructure, and growing industrialization are the major driving factors for the gas turbine market. Industrial sectors, such as petrochemicals and oil & gas, are expanding rapidly. Gas turbines have shown to be a more environmentally friendly alternative for fossil fuel-powered manufacturing systems. Gas turbine use has made it popular among end-use industries thanks to its low greenhouse gas emissions. Thus, it is anticipated that the gas turbine market will experience rapid expansion over the coming few years. Furthermore, during the anticipated period, the market would benefit greatly from the growing trend of distributed power generation. Yet, natural gas price fluctuation may impede the market's expansion.
Market Segmentation:
Engine Type:
• Turbofan
• Turboshaft
• Turboprop
• Turbojet
Rating Capacity:
• Below 60 MW
• 60 MW-150 MW
• 150 MW-300 MW
• 300 MW-400 MW
• Above 400 MW
Technology:
• Industrial Gas Turbines
• Heavy-duty Gas Turbines
• Aeroderivative Gas Turbines
Industrial gas turbines, heavy-duty gas turbines, and aero-derivative gas turbines are the three technology-based market segments. The industry is dominated by heavy-duty gas turbines. The rapidly expanding manufacturing facilities in developing nations and the rising demand for electricity are the major driving factors for this segment's growth.
Cycle:
• Combined Cycle
• Simple Cycle
The market is split into the combined cycle and simple cycle based on the cycle segment. Due to its efficient use of waste heat, close proximity to the environment, and operational efficiency, the combined cycle category accounts for the biggest share of the market.
Application:
• Marine
• Steel Mills
• Power Generation
• Petrochemical
• Refineries
• Others
Competitive Analysis of Gas Turbine Market: Wartsila, BHEL, Mitsubishi Hitachi Power Systems, Harbin Electric International Company, Siemens AG, Man Diesel & Turbo, General Electric, NPO Saturn, Kawasaki Heavy Industries, Solar Turbines, Capstone Turbine, Vericor Power Systems, Cryosta, AnsaldoEnergia, Opra Turbines, Zorya-Mashproekt
Get free sample pages of the latest published Gas Turbine Market Report: https://www.cognitivemarketresearch.com/gas-turbine-market-report
Global Gas Turbine Market Regional Analysis
Geographically, APAC is dominating the global gas turbine market. Growing industrialization, increasing population in major economies like India, and China, and developing infrastructure are the major factors responsible for the growth of the market in this region. Growing industrialization leads to increasing electricity demand which in turn propels the demand for gas turbines. Similarly, the increasing population in this region leads to increasing demand for electricity which in turn propel the growth of the gas turbine market.
Global Gas Turbine Market Industry News:
GE announced that it would supply digital solutions for the new IAC-1 Vikrant gas turbines being used by the Indian Navy. (February 2023)
In order to improve the performance of the LM2500 marine gas turbines that power the Indian Navy's IAC-1 Vikrant, which was commissioned in August 2022, Cochin Shipyard Limited has contracted with GE's Indian subsidiary.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Gas Turbine Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Gas Turbine Market Segmentation
1.5.1 Gas Turbine Market Regional Fragmentation
1.5.1 Gas Turbine Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Gas Turbine Market
• 3.1 Global Gas Turbine Market Size 2018 - 2030, (USD Million)
• 3.2 Global Gas Turbine Value, Absolute & Opportunity Analysis
• 3.3 Global Gas Turbine Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Gas Turbine Market Statistics 2022: Snapshot
Chapter 4 Global Gas Turbine Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Gas Turbine Market by Engine Type Segmentation Analysis (2018-2030)
Chapter 10 Global Gas Turbine Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Gas Turbine Market by Technology Segmentation Analysis (2018-2030)
Chapter 12 Global Gas Turbine Market by Cycle Segmentation Analysis (2018-2030)
Chapter 13 Global Gas Turbine Market by Rating Capacity Segmentation Analysis (2018-2030)
Chapter 14 Global Gas Turbine Market Regional Analysis
Chapter 15 North America Gas Turbine Market Outlook (2018 - 2030)
Chapter 16 Europe Gas Turbine Market Outlook (2018 - 2030)
Chapter 17 Asia Pacific Gas Turbine Market Outlook (2018 - 2030)
Chapter 18 Latin America Gas Turbine Market Outlook (2018 - 2030)
Chapter 19 Middle East and Africa Gas Turbine Market Outlook (2018 - 2030)
Chapter 20 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Gas Turbine Market TOC click here: https://www.cognitivemarketresearch.com/gas-turbine-market-report#table_of_contents
Related Report:
• Pelton Hydro Turbine Market- https://www.cognitivemarketresearch.com/pelton-hydro-turbine-market-report
• Industrial Gas Turbine Market- https://www.cognitivemarketresearch.com/industrial-gas-turbine-market-report
• Gas Alarm Controller Market- https://www.cognitivemarketresearch.com/gas-alarm-controller-market-report
• Turbine Blade Material Market- https://www.cognitivemarketresearch.com/turbine-blade-material-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gas Turbine Market is Projected to Reach USD 30.45 billion in 2030: Cognitive Market Research here
News-ID: 3002958 • Views: …
More Releases from Cognitive Market Research
Ultra Fine Copper Powder Market is estimated to grow at a CAGR of 7.1% during th …
Market Overview:
- The term "ultra-fine copper powder" refers to a finely divided type of copper that is distinguished by its exceedingly small particle size and large surface area. It is made using a variety of processes, such as mechanical grinding, electrolysis, and chemical precipitation. Ultra-fine copper powder typically has particles between a few nanometres and a few micrometers in size.
Summary:
- As per Cognitive Market Research, Global Ultra-Fine Copper…
Premium Branding and Status Symbol boosts the Global Metal Card Market: Cognitiv …
Market Overview:
- A metal card typically refers to a credit or debit card that is made from metal materials instead of traditional plastic. These cards are often associated with premium or high-end credit card offerings and are designed to provide a more luxurious and prestigious feel. Metal cards are usually made from materials such as stainless steel, titanium, or other alloys, which gives them a solid and durable construction.…
Slot Machines Market is projected to grow at a CAGR of 12.9% within the forecast …
Market Overview:
A slot machine is operated by inserting coins into a slot and by pulling down on a long handle. It features a set of spinning reels with various symbols on them. Players or individuals insert coins or tokens into the machine and then pull a lever or press a button to activate the reels. The earliest slot machine technology was created with mechanical reels powered by random number generators.…
Mechanical Seals Market is estimated to grow at a CAGR of 4.8% within the foreca …
Market Overview:
A mechanical seal is only a way to keep fluid inside a vessel usually pumps, mixers, etc. when a rotating shaft passes through a stationary housing or, on rare occasions, when the housing rotates around the shaft. Mechanical seals are devices used to prevent leakage between two components or systems that are connected by a rotating shaft. They are commonly used in pumps, compressors, mixers, and other equipment that…
More Releases for Turbine
Key Trend Reshaping the Turbine and Turbine Generator Set Units Market Segments …
How Are the key drivers contributing to the expansion of the turbine and turbine generator set units Market Segments?
The augmentation in power needs is substantially enabling the expansion of the turbine and turbine generator set units Market Segments. The level of power consumption at any specific moment is what defines its demand. The higher the demand, the more electricity is being used at that specific period. Turbines and turbine generator…
Microturbine Market Opportunities and Demand (2020-2026) | Key Players: Capstone …
The global Microturbine Market is expected to grow mainly on account of the rising demand for clean energy. The overall microturbine market is expected to grow from USD 180 Million in 2018 to USD 360 Million by 2026 at a CAGR of 9.23% during the forecast period. According to a report, published by Fortune Business Insights, titled, "MICROTURBINE: GLOBAL MARKET ANALYSIS, INSIGHTS, AND FORECAST, 2018-2026" the shift from the turbocharger…
Global Micro Turbine Market 2019 - Capstone Turbine, Ansaldo Energia, FlexEnergy
This new report by Eon Market Research, titled “Global Micro Turbine Market 2019 Research Report, 2015 – 2025” offers a comprehensive analysis of Micro Turbine industry at a global as well as regional and country level. Key facts analyzed in this report include the Micro Turbine market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025. This report primarily focuses on the study…
Wind Turbine Operations and Maintenance Market | wind turbine maintenance, wind …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Wind Turbine Operations and Maintenance Market “
This research study analyzes the market for wind turbine operation and maintenance (O&M) in terms of revenue (US$ Mn). The wind turbine O&M market has been segmented on the basis of application and geography. The regional…
Global Micro Turbine Market 2018| Capstone Turbine, Ansaldo Energia, FlexEnergy, …
Albany, NY, 12th September : Recent research and the current scenario as well as future market potential of "Global Micro Turbine Market Research Report 2018" globally.
This report studies the global Micro Turbine market status and forecast, categorizes the global Micro Turbine market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast…
Global Micro Turbine Market 2017 - Capstone Turbine, Ansaldo Energia, FlexEnergy …
The report studies Micro Turbine in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
Download Free Sample Report @ https://www.fiormarkets.com/report-detail/30649/request-sample
The study Global Micro Turbine Industry 2017 is a detailed report scrutinizing statistical data related to the Global Micro Turbine industry. Historical data available in the report elaborates on the development…
