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Global Gas Turbine Market Size

Global Gas Turbine Market size was valued at USD 22.17 billion in 2021 and is poised to grow from USD 23.98 billion in 2022 to USD 38.8 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).

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Global Gas Turbine Market Size

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  1. Global Gas Turbine Market Size, Share, Growth Analysis, By Technology, By Capacity, By End-User - Industry Forecast 2023-2030 Global Gas Turbine Market size was valued at USD 22.17 billion in 2021 and is poised to grow from USD 23.98 billion in 2022 to USD 38.8 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030). Global Gas Turbine Market size was valued at USD 22.17 billion in 2021 and is poised to grow from USD 23.98 billion in 2022 to USD 38.8 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).Growing worries about GHG emissions as a result of stringent government rules requiring the use of gas-fired turbines over traditional power generating units are likely to drive the expansion of the gas turbine market. Rising energy demand in developing countries, as well as increasing adoption of renewables over traditional fuels, are expected to increase product integration. Technology advancement has resulted in an increase in shale gas production, and various nations' plans to phase out coal-based power generation and replace it with gas-fired power plants are projected to fuel market expansion in the coming years.

  2. Gas Turbine Market Analysis by Capacity >200 MW emerged as one of the most important segments in this market, accounting for more than 65.0% of total revenue in 2021. During the forecast period, it is likely to be the fastest-growing segment. Rising power generation operations around the world, as well as the transition from coal to gas-based power plants in some of the world's major countries, are increasing demand in this segment. Gas Turbine Market Analysis by End-User In 2021, the power and utilities industry had the highest revenue share of roughly 80.0%. Increased demand for power generation is being driven by global population growth and urbanization, which is increasing the use of gas turbines in the power and utility sectors. The focus on producing an environmentally acceptable form of power generation is another major motivator for the gas turbine company in the power generation sector. View more info: https://www.skyquestt.com/report/gas-turbine-market Gas Turbine Market Top Player’s Company Profiles •General Electric •Mitsubishi Heavy Industries •Ansaldo Energia •Bharat Heavy Electricals Limited •Doosan Heavy Industries & Construction •Toshiba Energy Systems & Solutions Corporation About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886

  3. Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter

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