DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Gas Turbine Market, Update 2017: Global Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021" report to their offering.
The total global gas turbine market registered USD8.49 Billion in 2016 and is projected to reach USD7.73 Billion in 2021.
In terms of the market volume, the market witnessed 35.24 Gigawatts (GW) in 2016 and is projected to reach 35.73 GW in 2021. The majority of the market revenue is estimated to come from China along with other emerging economies in the Middle East, Africa, and Asia. Factors such as power plant capacity additions to meet electricity demand, stringent emission norms, and recent shale gas discoveries across the globe are the major factors having a positive impact on the gas turbine market.
Global warming and other harmful environmental effects have become a high priority for economies in the recent years. These concerns have led many countries like the US, India, European Union (EU) member states, and China to adopt stringent emissions norms, thereby, encouraging the use of cleaner sources of power generation. In this scenario, natural gas is expected to be a strong competitor for coal. Emerging trends such as increasing focus on gas turbine advancement, in order to raise efficiency, and development of high temperature materials for turbines, have a direct impact on the dynamics of the gas turbine industry.
- GE Power
- Bharat Heavy Electricals Limited
- Dongfang Electric Corporation Limited
- Siemens AG
- Nanjing Turbine & Electric Machinery (group) Co., Ltd.
- Mitsubishi Hitachi Power Systems, Ltd.
- Caterpillar Solar Turbines
Ansaldo Energia S.p.A.
Key Topics Covered:
1 Table of Contents
2 Executive Summary
4 Gas Turbine Market, Global
5 Gas Turbine Market, Americas
6 Gas Turbine Market, Asia-Pacific
7 Gas Turbine Market, Europe, Middle East, and Africa (EMEA)
8 Gas Turbine Market, Profiles of Major Players
For more information about this report visit https://www.researchandmarkets.com/research/2rgmdc/gas_turbine