Published by Uma Rajagopal
Posted on December 13, 2021
According to the latest report by IMARC Group, titled “Gas Turbine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global gas turbine market reached a value of US$ 21 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.1% during 2021-2026.
A gas turbine is an internal combustion (IC) engine that generates mechanical energy by using the heat produced by liquid fuels and natural gases. It runs through a downstream turbine, an upstream rotating compressor, and a combustion chamber that compresses the atmospheric air. It offers numerous benefits, including lesser pollutants, low operational cost, and a high power-to-weight ratio as compared to its counterparts. At present, the electricity generated by gas turbines is mainly used in powering heavy machineries, such as ships, trains, pumps, tanks, aircraft, and electrical generators.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/gas-turbine-market/requestsample
Global Gas Turbine Market Trends:
Due to rapid urbanization and increasing reliance on electrical appliances, there is a considerable rise in the need for an uninterrupted power supply. This represents one of the key factors propelling the growth of the market. Moreover, the growing utilization of heating, ventilating, and air conditioning (HVAC) systems is driving the market. Furthermore, leading key players are funding research and development (R&D) projects to introduce turbines that eliminate turbine failures, operate at elevated temperatures, and provide the flexibility of fuel usage. These innovations are projected to create a lucrative market outlook.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/gas-turbine-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Rated Capacity:
Breakup by Technology:
Breakup by Design Type:
Breakup by End-User:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
According to the latest report by IMARC Group, titled “Gas Turbine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global gas turbine market reached a value of US$ 21 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.1% during 2021-2026.
A gas turbine is an internal combustion (IC) engine that generates mechanical energy by using the heat produced by liquid fuels and natural gases. It runs through a downstream turbine, an upstream rotating compressor, and a combustion chamber that compresses the atmospheric air. It offers numerous benefits, including lesser pollutants, low operational cost, and a high power-to-weight ratio as compared to its counterparts. At present, the electricity generated by gas turbines is mainly used in powering heavy machineries, such as ships, trains, pumps, tanks, aircraft, and electrical generators.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/gas-turbine-market/requestsample
Global Gas Turbine Market Trends:
Due to rapid urbanization and increasing reliance on electrical appliances, there is a considerable rise in the need for an uninterrupted power supply. This represents one of the key factors propelling the growth of the market. Moreover, the growing utilization of heating, ventilating, and air conditioning (HVAC) systems is driving the market. Furthermore, leading key players are funding research and development (R&D) projects to introduce turbines that eliminate turbine failures, operate at elevated temperatures, and provide the flexibility of fuel usage. These innovations are projected to create a lucrative market outlook.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/gas-turbine-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Rated Capacity:
Breakup by Technology:
Breakup by Design Type:
Breakup by End-User:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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