Gas Turbines Market: Increasing Efficiency & Durability of Gas Turbines Is Major Driving Factors Due to Will Reach Usd 20.5 Billion in 2021

Published By:Zion Market Research

Global gas turbines market was valued at USD 16.0
billion in 2015, is expected to reach USD 20.5 billion in
2021, growing at a CAGR of 4% during 2016 and 2021.

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Gas Turbines Market

Zion Market Research has published a new report titled “Gas Turbines (Heavy Duty and
Aeroderivative) Market, By Rated Capacity (1 To 40 MW, 40 To 120 MW, 120 To 300 MW,
and Above 300 MW), By Application (Oil & Gas, Power Generation and Other Industries) Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”.
According to the report, global demand for gas turbines market was valued at USD 16.0
billion in 2015, is expected to reach USD 20.5 billion in 2021 and is anticipated to
grow at a CAGR of around 4% between 2016 and 2021.
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The gas turbine is the engine mainly used at power plant which generates electricity.A gas
turbine is also known as combustion engine that can changeliquid fluids and natural gases
to mechanical energy.Gas turbines are available in sizes ranging from 500 kilowatts (kW) to
250 megawatts (MW). In past years, gas turbines are only used for generating electricity,
but today gas turbines are one of the most widely used power generating

Gas Turbines Market
technologies.There are several ways in which gas turbines can be used for production of
electricity and other forms of valuable energy.
Increasing efficiency and durability of gas turbines is major driving factors for gas turbines
market. A strict carbon emission regulation across the globe is expected to drive the gas
turbines market in the near future. Furthermore, advancement in technology and lower
power generating cost are the factors to drive the growth of the gas...