With the continuing spread of the coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
The gas turbine market is driven by the enhanced efficiency of gas turbines. In addition, the development of GTCC and IGCC technologies is expected to trigger the gas turbine market toward witnessing a CAGR of almost 2% during the forecast period.
View Statistical Data including vendor strategies and technological innovations in the global gas turbine market:
www.technavio.com/statistics/gas-turbine-market-insights
Major Five Gas Turbine Market Participants:
Ansaldo Energia Spa: The company offers gas turbines such as GT36-S5, GT36-S6, and GT26.
Bharat Heavy Electricals Ltd.: The company offers heavy-duty gas turbines for industrial and utility applications.
Capstone Turbine Corp.: The company offers gas turbines such as C1000S, C800S, and C600S.
Caterpillar Inc.: The company offers gas turbines under its subsidiary Solar Turbines.
General Electric Co.: The company offers gas turbines with individual output ranging from 34 MW to 571 MW.
Gas Turbine Market 2020-2024: Segmentation
Gas turbine market is segmented as below:
- Product
- Heavy-duty Gas Turbine
- Aeroderivative Gas Turbine
- End-user
- Power Generation
- Mobility
- Oil And Gas
- Others
- Technology
- Geography
- APAC
- MEA
- North America
- Europe
- South America
Get more insights about the global trends impacting the future of the gas turbine market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43446
Related Reports on Industrials Include:
Global Marine Turbine Propulsion Engine - Global marine turbine propulsion engine market is segmented by end-user (commercial and naval ships and leisure ships) and geography (APAC, Europe, MEA, North America, and South America).
Request a Free Sample Report
Global Offshore Wind Turbine Market - Global offshore wind turbine market is segmented by substructures (monopiles, gravity foundation, and others) and geography (EMEA, APAC, and Americas).
Request a Free Sample Report
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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