Stratview Research announces the launch of a new research report on the Industrial Gas Turbine Market is Segmented by Capacity Type (≤70 MW, 70-300 MW, and ≥300 MW), by Product Type (Aeroderivative and Heavy Duty), by Technology Type (Open Cycle and Combined Cycle), by Application Type (Power Generation, Oil & Gas, and Other Manufacturing), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Industrial Gas Turbine Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on Industrial Gas Turbine Market size, market growth, and opportunities. The report also analyses market key aspects such as-
Highlights from the Report
Industrial Gas Turbine Market is likely to witness a CAGR of 1.8% during the forecast period. Shifting inclination toward energy optimization, renewable energy integration, and restructuring of electrical infrastructure are some of the key factors fueling the growth of the market over the forecast period.
In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period owing to its operational flexibility offered by gas fired plants as compared to coal-fired plants and modernization of infrastructure by investing in gas fired distributed energy. Further, North America is also estimated to witness significant growth in the market owing to increased focus on combined cycle gas turbine power plant capacity additions, fueling the regional market growth over the forecast period.
According to the report, the key players of the market are –
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The industrial gas turbine market is expected to witness a CAGR of 1.8% in the foreseeable future.
Asia-pacific is expected to be the leading industrial gas turbine market during the forecast period.