NEW YORK, June 15, 2021 /PRNewswire/ -- The gas turbine market is expected to grow by USD 2.44 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the gas turbine market in optimistic, probable, and pessimistic forecast scenarios.
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.
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Market positioning of vendors
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