Gas turbines are used in gas-fired power plants. These plants include an internal combustion engine, wherein the fuel is mixed with air, causing ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which results in rotation of the turbine. Gas turbines are mainly used in gas-fired power plants. These plants include an internal combustion engine, wherein the fuel is mixed with air, causing ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which results in the rotation of the turbine.
Technavio’s analysts forecast the global gas turbines market for power industry to grow at a CAGR of 2.44% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global gas turbines market for power industry for 2017-2021. The market size is calculated based on the demand for the gas turbines in the power plant sector.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Gas Turbines Market for Power Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Ansaldo Energia • General Electric • Kawasaki Heavy Industries • Mitsubishi Hitachi Power Systems • Siemens
Other prominent vendors • BHEL • MAN Diesel &Turbo • Niigata Power Systems • Opra Technologies • Solar Turbines
Market driver • Shutdown of coal-based power plants. • For a full, detailed list, view our report
Market challenge • Preference for renewable energy sources. • For a full, detailed list, view our report
Market trend • Technological innovations in gas turbines. • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 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?
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