Gas turbines are internal combustion (IC) engines in which the warm gasses produced on account of burning of an air-fuel mixture which then spins the blade of a turbine and creates power. It is a whole cycle of exchanging waste heat into steam by heat recovery systems. The utilization of gas turbines was initialised in 1939. Gas turbines are extensively used for power producing technologies. It can use a range of fuels, including natural gas and oil synthetic fuels. Combustion happens endlessly in gas turbines, as contrasting to reciprocating IC engines, in which combustion occurs sporadically.
This sector is expected to be driven by some factors owing to, a significant number of incomplete projects and advancements in the power generation sector along with the increasing demand for mobility services coupled with industrial products. Gas is the one of the cleanest fossil fuel and is being used extensively to assist intermittent production from renewable sources. Moreover, this industry faces some drawbacks, such as growing ecological concerns and the policy restrictions on fossil-fuel-using power plants coupled with increasing renewable energies. These reasons are expected to pose a challenge for the industry over the forecast period.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/gas-turbine-market
On the basis of main application of the market can be segregated into six sectors, which include oil & gas industry, mobility, power generation, food processing, pulp and paper and petrochemicals and aircraft propulsion systems. Aircraft propulsions systems are expected to generate maximum revenue over the forecast period. By region, this market can be segregated into Asia Pacific, North America, Europe and Rest of the World. North America is anticipated to have the largest share of revenue over the forecast period owing to its broad consumer base. It is followed by Europe. Asia-Pacific is expected to witness significant growth over the forecast period due to rising demand from emerging economies. Emerging economies including India and China are projected to fuel the growth of the industry China is expected to decrease its reliance on coal and is increasing its focus on renewable installed capacity and gas, making it as a key market for gas turbines over the forecast period. Gas power production in China is still at an introduction stage, but with the development of the gas infrastructure, it is expected to grow rapidly. India is also increasing its focus on the use of cleaner resources. Price sensitivity in this area is projected to hinder the growth over the forecast period. By power plant installed capacity, this market can be segregated into 351-750 MW, 1 -120 MW, 121-350 MW and above 750 MW. By configuration, this market can also be divided into turbofan, turboprop, and turbojet and turbo shaft. By operations, this market can be segregated into the gas cycle, co-generation cycle and combined cycle. Gas cycle section is expected to have the largest share regarding revenue over the forecast period owing to its very low operating cost and high efficiency.
Some of the key players in the market are Allison Engine Company, MTU Aero Engines, Snecma, Solar Turbines, Zorya-Mashproekt, Turbomeca, Siemens Energy Sector, International Aero Engines, Price Induction, Ruston, Avio, NYE Thermodynamics Corporation, Centrax Gas Turbines, Wood Group, Ansaldo Energia and Snecma and others. The market relevance is increasing day by day since the trend in energy consumption is growing which indicates an excellent opportunity for gas turbines companies. The major companies are expected to dominate the market over the forecast period owing to their continuous efforts intended to design and focus on new product development as per the increasing consumer demand.
Over the past few years, various mergers and acquisitions have taken place where smaller enterprise are taken over by multinational corporations and have been focusing research and development activities and thus increasing their core competencies. Most companies have direct sales, and they try to network their sales representatives and distributors for balancing their sales. Companies are complying to the best of their abilities with regulations that have been demanded by their equipment consumers. Their end user varies from a range of industry. This type of turbine is highly efficient regarding emission regulations laid by the government. This industry is expected to become highly competitive over the forecast period owing to the fact it is about to become entirely driven by innovations. Each company is focusing on developing efficient products by incorporating new technology.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
This sector is expected to be driven by some factors owing to, a significant number of incomplete projects and advancements in the power generation sector along with the increasing demand for mobility services coupled with industrial products. Gas is the one of the cleanest fossil fuel and is being used extensively to assist intermittent production from renewable sources. Moreover, this industry faces some drawbacks, such as growing ecological concerns and the policy restrictions on fossil-fuel-using power plants coupled with increasing renewable energies. These reasons are expected to pose a challenge for the industry over the forecast period.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/gas-turbine-market
On the basis of main application of the market can be segregated into six sectors, which include oil & gas industry, mobility, power generation, food processing, pulp and paper and petrochemicals and aircraft propulsion systems. Aircraft propulsions systems are expected to generate maximum revenue over the forecast period. By region, this market can be segregated into Asia Pacific, North America, Europe and Rest of the World. North America is anticipated to have the largest share of revenue over the forecast period owing to its broad consumer base. It is followed by Europe. Asia-Pacific is expected to witness significant growth over the forecast period due to rising demand from emerging economies. Emerging economies including India and China are projected to fuel the growth of the industry China is expected to decrease its reliance on coal and is increasing its focus on renewable installed capacity and gas, making it as a key market for gas turbines over the forecast period. Gas power production in China is still at an introduction stage, but with the development of the gas infrastructure, it is expected to grow rapidly. India is also increasing its focus on the use of cleaner resources. Price sensitivity in this area is projected to hinder the growth over the forecast period. By power plant installed capacity, this market can be segregated into 351-750 MW, 1 -120 MW, 121-350 MW and above 750 MW. By configuration, this market can also be divided into turbofan, turboprop, and turbojet and turbo shaft. By operations, this market can be segregated into the gas cycle, co-generation cycle and combined cycle. Gas cycle section is expected to have the largest share regarding revenue over the forecast period owing to its very low operating cost and high efficiency.
Some of the key players in the market are Allison Engine Company, MTU Aero Engines, Snecma, Solar Turbines, Zorya-Mashproekt, Turbomeca, Siemens Energy Sector, International Aero Engines, Price Induction, Ruston, Avio, NYE Thermodynamics Corporation, Centrax Gas Turbines, Wood Group, Ansaldo Energia and Snecma and others. The market relevance is increasing day by day since the trend in energy consumption is growing which indicates an excellent opportunity for gas turbines companies. The major companies are expected to dominate the market over the forecast period owing to their continuous efforts intended to design and focus on new product development as per the increasing consumer demand.
Over the past few years, various mergers and acquisitions have taken place where smaller enterprise are taken over by multinational corporations and have been focusing research and development activities and thus increasing their core competencies. Most companies have direct sales, and they try to network their sales representatives and distributors for balancing their sales. Companies are complying to the best of their abilities with regulations that have been demanded by their equipment consumers. Their end user varies from a range of industry. This type of turbine is highly efficient regarding emission regulations laid by the government. This industry is expected to become highly competitive over the forecast period owing to the fact it is about to become entirely driven by innovations. Each company is focusing on developing efficient products by incorporating new technology.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
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