Growth Opportunities in the Global Gas Turbine Market | Technavio

Technavio has published a new market research report on the global gas turbine market from 2018-2022. (Graphic: Business Wire)

LONDON--()--Market research firm Technavio has announced the release of their latest report on the global gas turbine market. This new report will provide expert market insights for the forecast period 2018-2022.

The report will follow up on Technavio’s previous report on the gas turbine market research, offering an up-to-date assessment of the market in the context of new developments, recent trends, along with an analysis of present-day competitors.

The upgraded research report on the gas turbine market is an integral part of Technavio’s unit operations portfolio. Technavio covers an extensive range of market research reports on the unit operations market, covering different regions and top industry segments. Some of the topics include woodworking machines, power transformers, smart oilfield, railway AC units, and pneumatic equipment.

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Global growth opportunities

APAC is expected to become the largest revenue contributing region in the market by 2020 and is projected to occupy more than 49% of the overall market share. The high demand for power generation is attributed to the rising economic developments in the region. Factors such as the surge in carbon emission concerns due to prominence of coal-based power generation fueled the demand for gas turbines in the market. The growing need to replace coal-fired plants with natural gas-based gas turbine plants influence the market’s growth.

In the previous report, a senior research analyst at Technavio stated, “The growing demand for distributed power generation is one of the primary drivers for this market. Distributed power technologies use natural gas and are highly flexible, and applicable across various sectors including electric power, propulsion, and mechanical power. They are widely available, compact, more efficient, and less expensive, and help in meeting the global energy requirements. Gas turbines form an integral part of distributed power technologies, and the growth of distributed power systems will augment the demand for gas turbines.”

Technavio’s new on the report on the global gas turbine market will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions.

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Detailed analysis at your fingertips

Some of the topics that will be revisited in the new report include:

  • Market size and growth rate through 2022
  • Top factors driving the market growth
  • Key players in the market
  • Challenges in the market

The report on the global gas turbine market for the period 2018-2022 is available to order now and will be delivered within one week of purchase.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

Market research firm Technavio has announced the release of their latest report on the global gas turbine market for 2018-2022.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200