Gas Turbines Market Will Reach Around Usd 20.5 Billion in 2021

Published By:Zion Market Research

Gas Turbines Market will reach around USD 20.5 Billion
in 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.
Browse the full " Gas Turbines Market" report
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 Market
gas turbines are one of the most widely used power generating technologies.There are several
ways in which gas turbines can be used for production of electricity and other forms of valuable
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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...