The global gas turbine market to grow at a CAGR of 3.49% during the period 2016-2020.
Global Gas Turbine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of the global gas turbine market for 2016-2020. The capacity additions of new gas turbines as well as aftermarket gas turbines in various end-user segments and the average price of various types of gas turbines have been considered in determining the market size.
One trend which will positively impact the market is the regulations being enacted by governments worldwide. Concerns about resource depletion, increase in harmful emissions, and stricter regulations for climate change mitigation has increased the focus on technologies that can produce power in a much cleaner and efficient manner.
According to the report, a key growth driver is the increasing efficiency and durability of gas turbines. The increasing efficiency of gas turbines is projected to drive their adoption for power generation applications. Stringent carbon emission regulations worldwide; focus on high performance and lower power generating cost; and volatility in fuel costs are driving demand for highly efficient gas turbines.
Further, the report states that one challenge that could hinder market growth is the risk of volatile natural gas prices.
- Ansaldo Energia
- Kawasaki Heavy Industries
- Mitsubishi Hitachi Power Systems
- Solar Turbines
Other prominent vendors
- MAN Diesel and Turbo
- Motor Sich
- Niigata Power Systems
- OPRA Turbines
- Power Machines
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market drivers
Part 07: Impact of drivers
Part 08: Market challenges
Part 09: Impact of drivers and challenges
Part 10: Market trends
Part 11: Market segmentation by technology
Part 12: Market segmentation by design type
Part 13: Market segmentation by end-user
Part 14: Geographical segmentation
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information visit http://www.researchandmarkets.com/research/cqz8qc/global_gas
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-gas-turbine-market-to-2020---development-of-gtcc-and-igcc-technologies----research-and-markets-300276874.html
SOURCE Research and Markets