Gas Turbine Market will register a CAGR of 1% during 2020-2024. The market’s growth momentum will Accelerate.
enhanced efficiency of gas turbines will be one of the major factors driving the growth of this market. Additionally, key Gas Turbine Market trends such as the development of GTCC and IGCC technologies will also influence market growth during the forecast period.
Gas Turbine Market Size
During the forecast period, the Gas Turbine Market size will grow by USD 2.44 bn.
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Gas Turbine Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Gas Turbine Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the will also challenge the growth of the companies.
Ansaldo Energia Spa | Bharat Heavy Electricals Ltd. | Capstone Turbine Corp. | Caterpillar Inc. | General Electric Co. | IHI Corp. | Kawasaki Heavy Industries Ltd. | Mitsubishi Heavy Industries Ltd. | OPRA Turbines | Siemens AG.list
are some of the companies covered in Technavio’s Gas Turbine Market report for 2020-2024.
Gas Turbine Market : Region-level Analysis
The gas turbine market report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Gas Turbine Market.
The APAC will account for the largest Gas Turbine Market share and during 2020-2024, the region will contribute to 50% of the market’s growth.
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