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2019 - 2024 | Aeroderivative Gas Turbine Market By Industry Trends, Share and Forecast

Author : Rahul Sankrityayan | Published Date : 2019-06-24 

Global Market Insights has launched a report on Aeroderivative Gas Turbine Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.Aeroderivative Gas Turbine Market size will exceed USD 2.5 Billion by 2025, as reported in the latest study by Global Market Insights, Inc.

Aeroderivative gas turbine market, in the recent years has significantly been influenced due to growing energy demand from large-scale industrial units and associated manufacturing establishments. Demand & supply balance has constantly been a primary concern for private entities & various utilities which has further raised extensive fund flow toward the enhancement of renewable power generation units. Therefore, positive regulatory prospects aligned with increasing demand for effective & sustainable generating units will reinforce the industry outlook.

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510 pages

804 market data tables

37 figures & charts

Increasing investments toward the replacement & refurbishment of existing generating systems with advance gas-fired generating power plants to curb carbon emissions will boost the global market. Moreover, the occurrence of shale gas solutions has led to a significant upsurge in exploration & production activities across onshore and offshore basins which in turn will complement the overall business scenario.

< 50 kW units across the aeroderivative gas turbine market will exceed USD 50 million by 2025. Ongoing enhancements of co-generating systems to withstand energy & heat consumption across industrial, isolated and small commercial infrastructure will drive the product penetration. Moreover, rapid expansion in conjunction with the development of efficient re-generative units to endure low heat tendencies across various deployments will further thrust the technological adoption.

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Growth drivers

North America and Europe

  • Inclination toward energy optimization
  • Shale gas revolution
  • Positive clean energy outlook

Asia-pacific

  • Renewable energy integration
  • Growing focus toward decentralized generation technologies

Middle East, Africa and CIS

  • Restructuring of electrical infrastructure
  • Large scale renewable integration prospects

Latin America

  • Positive outlook towards gas-based electricity generation

Industry pitfalls & challenges

  • Advancing auxiliary clean turbine technologies
  • Cost competitiveness

 

Open Cycle units across the aeroderivative gas turbine market will witness upsurge on account of its specifications including compact size, lower warm up time, light weight, limited dependency on auxiliary technologies, quick start and operational flexibility. With regards to land-based industries, open cycle turbine units find extensive installation across mechanical drive and direct applications. Moreover, deployment across airplanes where curbing product weight is pivotal in line with extension of generation technologies across offshore establishments pose significant potential for these products.

Turbines are primarily utilized to power airplane engines in accordance with sustaining an efficient ratio between weight and power to bear a flight. In the current scenario, the aviation industry witnessed upsurge with numerous tourists and migrants mobilizing on a global scale. Furthermore, airplanes utilized for military applications have observed strong demand maintaining the national security and safety which in turn will foster the overall market share.

North America market is predicted to grow on account of rise in focus towards combined cycle gas turbine (CCGT) power plant capacity addition. The rise in capacity is adhered to the development in drilling and extraction processes taking place across the region making gas-fired technology cheap & reliable source of power.

Prominent market players include Siemens, GE, Mitsubishi Hitachi, Kawasaki, Opra Turbines, Wärtsilä, Solar Turbines, BHEL, Harbin, MAN Diesel, Vericor, Cryostar, Capstone, Zorya-Mashproekt and NPO Saturn.

Related Report:

Europe Boiler Market- https://www.marketwatch.com/press-release/europe-boiler-market-2018-2024-market-analysis-outlook-by-product-application-2019-03-18


Oil And Gas Analytics Market    - https://www.marketwatch.com/press-release/whats-driving-the-oil-and-gas-analytics-market-trends-oracle-tableau-software-2019-03-18

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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