The Combustion Turbine market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Combustion Turbine are primarily used for power generation and direct mechanical drive for production units and feed pumps. Operating a simple cycle turbine power plant for supplying electricity to industries is costlier than purchasing it from outside. Thus, combined cycle power plants are preferred as they are more efficient. A combined heat and power (CHP) plant is an example of combined cycle power plant, which can be employed for electricity production as well as to obtain mechanical drive.
Turbines play an important role in reducing carbon emissions. In comparison with other combustion-based power generation applications, they exhibit lower emissions. With the implementation of various climate change initiatives as well as regulations to cut down GHG emissions, their potential is expected to increase in the upcoming years.
In the global Combustion Turbine market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
The key players covered in this study
General Electric
Sulzer Ltd.
Siemens Ltd
Mitsubishi Hitachi Power Systems
MAN Diesel & Turbo
Kawasaki Heavy Industries
Mechanical Dynamics & Analysis
EthosEnergy
MJB International Limited LLC
Ansaldo Energia
Market Segment by Product Type
Heavy Duty Type
Aeroderivative Type
Market Segment by Application
Oil & Gas
Power Generation
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Combustion Turbine market for the forecast period 2020 - 2025?
• What are the driving forces in the Combustion Turbine market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Combustion Turbine industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?