About Gas Turbines

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?




You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.