Friday 27 May 2016, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the global gas turbine market: Ansaldo Energia, GE, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Siemens, and Solar Turbines.
Other Prominent Vendors in the market are: MAN Diesel and Turbo, Motor Sich, Niigata Power Systems, OPRA Turbines and Power Machines.
Commenting on the report, an analyst said: “One trend which will positively impact the market is the regulations being enacted by governments worldwide. Concerns about resource depletion, increase in harmful emissions, and stricter regulations for climate change mitigation has increased the focus on technologies that can produce power in a much cleaner and efficient manner.”
According to the report, a key growth driver is the increasing efficiency and durability of gas turbines. The increasing efficiency of gas turbines is projected to drive their adoption for power generation applications. Stringent carbon emission regulations worldwide; focus on high performance and lower power generating cost; and volatility in fuel costs are driving demand for highly efficient gas turbines.
Further, the report states that one challenge that could hinder market growth is the risk of volatile natural gas prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
ASDReports.com contact: S. Koomen
ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216
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