PUBLISHER: TechNavio (Infiniti Research Ltd.) | PRODUCT CODE: 1172641
PUBLISHER: TechNavio (Infiniti Research Ltd.) | PRODUCT CODE: 1172641
Technavio has been monitoring the gas turbine market for the power industry and it is poised to grow by $3,356.87 mn during 2023-2027, accelerating at a CAGR of 3.05% during the forecast period. Our report on the gas turbine market for the power industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of distributed power generation base, an increase in CCGT power plants, and a Focus on the reduction of carbon emissions.
Technavio's gas turbines market for the power industry is segmented as below:
By Product
By Technology
By Geographical Landscape
This study identifies the technological innovations in gas turbines as one of the prime reasons driving the gas turbine market for power industry growth during the next few years. Also, adopting cogeneration technology and the growing use of alternative fuel types for aero-derivative gas turbines will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gas turbines market for power industry vendors that include Ansaldo Energia Spa, Bharat Heavy Electricals Ltd., Capstone Green Energy Corp., Caterpillar Inc., Centrax Ltd., Cryostar, Doosan Corp., General Electric Co., Harbin Electric Co. Ltd., IHI Corp., JSC The Ural Turbine Works, Kawasaki Heavy Industries Ltd., MAN Energy Solutions SE, MAPNA Group Co., Motor Sich JSC, OPRA Technologies B.V., Pumori Energy Ltd., Siemens AG, Vericor Power Systems, and Mitsubishi Heavy Industries Ltd. Also, the gas turbine market for power industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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