Gas Turbine Market Research Reports

A gas turbine is an engine, considered as the heart of the power plant which is used to produce electric current. It is majorly used to convert natural gas or any other liquid fuels to mechanical energy. A tremendously rising demand for electricity and the rising need to lower carbon dioxide emissions are the key factors that are anticipated to encourage the growth of the global gas turbine market in the coming years. Additionally, a boom in the shale gas production and the technological advancements are predicted to contribute towards the development of the overall industry in the coming years. With a substantial contribution from China and other emerging nations, Asia Pacific is estimated to witness healthy growth in the near future. Furthermore, the rising inclination towards distributed power generation and the rising need to replace phased out coal and nuclear plants are projected to accelerate the growth of the global gas turbine market in the next few years.

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