Aeroderivative Gas Turbine Market: 4.59% CAGR to 2020
PUNE, India, October 5, 2016 /PRNewswire/ --
2016 global aeroderivative gas turbine market research says growing use of alternative fuels will be a key trend and cost of gas turbine fuel can account for as high as 80% of the overall power generation cost even in the most efficient CC power plants. Low-cost alternative fuels are being increasingly used in marine and industrial plants. Fuel flexibility is gaining ground as a crucial factor for the development of new technologies and applications. The aeroderivative gas turbine is one such application that is being developed for fuel flexibility. Traditionally, natural gas is primarily used in such systems.
Complete report on aeroderivative gas turbine market spread across 75 pages, analyzing 5 major companies and providing 37 data exhibits is now available at http://www.rnrmarketresearch.com/global-aeroderivative-gas-turbine-market-2016-2020-market-report.html.
The analysts forecast global aeroderivative gas turbine market to grow at a CAGR of 4.59% during the period 2016-2020. According to the aeroderivative gas turbine market report, one of the key drivers for market growth will be increased power-to-weight ratio of aeroderivative gas turbines. The high power-to-weight ratio is one of the main characteristics of aeroderivative gas turbines. The power-to-weight ratio has been constantly improving for the last five decades. A 4,000% increase in the power-to-weight ratio has been registered since 1941. The US Navy, in the year 1941, designed the Iowa class battleships. These class battleships generated almost 212,000 shaft HP by utilizing a 4,443 tons steam plant. These figures translate into a power-to-weight ratio of 47.7 shp per ton. In current day scenario, four GE LM2500s or Rolls-Royce MT-30 gas turbines with machinery weight 118 tons can generate the same power output. The figures correspond to a power-to-weight ratio change from 47.7 shp per ton to 1,800 shp per ton.
the mobility segment occupied by the largest share of the global aeroderivative gas turbine market by accounting for around 39% of the overall market revenue. Aeroderivative gas turbines are used extensively in airplanes and ships. The mobility segment primarily consists of aeronautic and marine applications of gas turbines. The growth of this market segment is augmented by the significant rise in demand for air travel, resulting in the addition of aviation fleets worldwide. The positive impact of global trade on the manufacture of new marine fleets is also driving growth of the global aeroderivative gas turbine market for the mobility sector.
The power generation segment of the market accounts for more than 29% of the global aeroderivative gas turbine market and is expected to register steady growth during the forecast period. The increased need for global power and cleaner solutions is the driving force behind the adoption of aeroderivative gas turbines in the mobility sector. APAC countries such as China and India are some of the key revenue generating regions of the global aeroderivative gas turbine market for the power generation sector.
The following companies are the key players in the global aeroderivative gas turbine market: GE, Mitsubishi Hitachi, Siemens, Vericor, and Zorya. Order a copy of Global Aeroderivative Gas Turbine Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=704095.
Global Aeroderivative Gas Turbine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report determines the installed capacity and price of gas turbines in various regions.
Another related report is Global Gas Turbine Market 2016-2020, 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. Browse complete report @ http://www.rnrmarketresearch.com/global-gas-turbine-market-2016-2020-market-report.html.
Explore other new reports on Turbines Market @ http://www.rnrmarketresearch.com/reports/manufacturing-construction/machines-equipment/turbines.
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