Industrial Gas Turbine Market Size, Analysis By Segmentation And Geography OvervPosted by Mahendrasingh Baheti on January 25th, 2021 The global “Industrial Gas Turbine Market Size” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled "Industrial Gas Turbine Market Size, Share & Industry Analysis, By Capacity (1-2MW, 2-5MW, 5-7.5MW, 7.5-10MW, 10-15MW, 15-20MW, 20-30MW, 30-40MW, 40-100MW, 100-150MW, 150-300MW, 300+MW), By Sector (Electric Power Utility, Oil & Gas, Manufacturing), By Technology (Heavy Duty, Light Industrial, Aeroderivative), By Cycle (Open Cycle, Combined Cycle) and Regional Forecast, 2019-2026". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Industrial Gas Turbine Market Size share, types, applications, growth factor, key players and regions. List of Top Key Manufacturers for Industrial Gas Turbine Market Size:
“Growing Need to Contain GHG Emissions from Power Plants to Boost the Market” Gas turbines refer to engines that convert mechanical energy to electric energy through the combustion of natural gas and other liquid fuels that drives a generator. Electricity thus generated is supplied to businesses and households using power lines. These turbines produce power more efficiently compared to traditional power plants and are, therefore, in high demand. This is a major factor that will drive the global industrial gas turbine market growth in the forecast period. Conventional coal-fired power plants have been known to emit large amounts of toxic gases, speeding up the process of global warming. For example, the International Energy Agency’s Global Energy and CO2 Status Report of 2018 finds that coal-fired power plants were the largest contributor to emissions in 2018, increasing at a rate of 2.9% from 2017. Moreover, the report also states that 30% of global CO2 emissions in 2018 were as a result of coal-generated electricity. Thus, the urgency to develop cleaner techniques to generate electricity is expected to ramp up the demand for industrial gas turbines in the coming decade. Some of the Key Questions Answered in this Report:
Regional Analysis for Industrial Gas Turbine Market Size:
The Industrial Gas Turbine Market Size research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions. Research Methodology: We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders. The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc. Major Table of Contents for Industrial Gas Turbine Market Size Research Report:
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