Global Gas Turbine Market to grow at a CAGR of 3.49% from 2016 to 2020

Gas TurbineAbout the Gas Turbine Market

Gas turbines are used mainly in gas-fired power plants; these plants have an internal combustion engine wherein the fuel is mixed with air, leading to ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which results in rotation of the turbine.

Global gas turbine market to grow at a CAGR of 3.49% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global gas turbine market for 2016-2020. The capacity additions of new gas turbines as well as aftermarket gas turbines in various end-user segments and the average price of various types of gas turbines have been considered in determining the market size.

The market is divided into the following segments based on geography:
• Americas

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Global Gas Turbine Market 2016-2020, 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
• GE
• Kawasaki Heavy Industries
• Mitsubishi Hitachi Power Systems
• Siemens
• Solar Turbines

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Other prominent vendors
• MAN Diesel and Turbo
• Motor Sich
• Niigata Power Systems
• OPRA Turbines
• Power Machines

Market driver
• Increasing efficiency and durability of gas turbines
• For a full, detailed list, view our report

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Market challenge
• Risk of volatility in natural gas prices
• For a full, detailed list, view our report

Market trend
• Stringent government regulations worldwide
• For a full, detailed list, view our report

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