Research and Markets - Global Combined Cycle Gas Turbine Market CAGR Growth of 4.24% by 2020 - Trends, Technologies & Opportunities Report 2016-2020 - Key Vendors: Kawasaki Heavy Industries, GE, Siemens

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Sep 30, 2016, 09:10 ET

DUBLIN, September 30, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Combined Cycle Gas Turbine Market 2016-2020" report to their offering.

The global combined cycle gas turbine (CCGT) market is forecast to grow at a CAGR of 4.24% during the period 2016-2020.

Commenting on the report, an analyst from the research team said: One of the key trends for market growth will be stringent government regulations worldwide. Growing concerns about resource depletion, increase in harmful emissions, and stricter regulations for climate change mitigation have increased the focus on technologies that can produce power in a much cleaner and more efficient manner.

In 2015, the EPA passed the Clean Power Plan to reduce CO2 emissions from power plants by 30% from the 2005 levels by 2030. The states in the US have been given the flexibility to implement the plan by adopting a mix of options, such as offering credits or allowances, increasing renewable power generation, using carbon capture technologies, and attracting investments. Such initiatives are expected to increase the share of natural gas in the power mix from 27% in 2014 to 33% by 2020.

According to the report, one of the major challenges to the growth of the global CCGT market is the high threat of substitution from low-carbon emission alternatives such as renewable and nuclear energy. With the increasing focus on carbon emissions, the world is shifting toward renewable energy to meet the growing energy demand. However, in the current scenario, renewable energy's high initial cost hinders its adoption on a significant scale.

This challenge for renewable energy is proving to be a major driver for the global CCGT market that offers a lower cost of power installation than renewable and nuclear energy. The fact that gas turbines, mainly driven by natural gas, offer a cleaner power generation option than coal, currently the primary source of power generation, also supports market growth.

Questions Answered:

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Companies Mentioned:

  • Ansaldo Energia
  • GE
  • Kawasaki Heavy Industries
  • Mitsubishi Hitachi Power Systems
  • Siemens
  • Solar Turbines

Report Structure:

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 segmentation by design type

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

PART 16: About the Author

For more information about this report visit http://www.researchandmarkets.com/research/883j4t/global_combined

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