Published on : Jun 14, 2016
ALBANY, New York, June 14, 2016: ResearchMoz.us has recently announced the addition of a new research report to its online repository. The research report, titled “Global Gas Turbine Market 2016-2020,” includes an assessment of the crucial trends and dynamics dictating the overall market.
According to the comprehensive research report on the global gas turbine market, the global market is expected to march forward at a CAGR of 3.49% between 2016 and 2020. These turbines are primarily used in gas-fired power plants, which are equipped with an internal combustion engine, thereby allowing the fuel to get exposed to air leading to ignition. As the temperature of the gas rises it moves towards the turbine and thus sets it in motion to generate energy. The global gas turbine market has been segmented on the basis of the type of gas turbine, application, capacity, technology, and region. The types of gas turbines available in this market are heavy duty and aeroderivative type. The application of gas turbines is seen in areas of oil and gas, power generation, and other industries. In terms of capacity, this market is divided into 1-40 MW, 40-120 MW, 120-300 MW, and above 300 MW. The technologies used in this market are combined cycle and open cycle. Geographically, this market is segmented into Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa.
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The global gas turbine market is expected to be driven by the developments in gas turbine models that are efficient and durable as compared to their older versions. A rise in the distribution of power generation, strict regulations pertaining to carbon emissions, and the reasonable cost of gas turbines is also fueling the growth of this market. However, the fluctuating nature of natural gas prices and constantly changing energy mixes are likely to hamper the market in the near future.
The important players dictating the intensity of competition in the global gas turbine market are Mitsubishi Hitachi Power Systems, Ansaldo, Energia, GE, Solar Turbines, Kawasaki Heavy Industries, and Siemens. The researchers have profiled these players and provided a thorough analysis of the competitive landscape present in global gas turbine market. The document also contains an evaluation of the financial overview, research and development activities, investment outlook, business and marketing strategies, and strategic mergers and acquisitions between top players of the global gas turbine market.
Furthermore, the researchers have also used Porter’s five forces analysis to determine the threat of substitutes, the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, and the industry rivalry. The report has also studied the historical data pertaining the global gas turbine market and compared it to the present-day market situation to draw up a possible trajectory of the global market.
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