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The global Gas Turbine Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.
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Gas Turbine Market Price, Packaging Trends, Industry Outlook & Forecast 2016 – 2024
Global Market Scenario of Furfural Industry • Replacement of conventional coal fired generation systems with sustainable gas fired technology will stimulate the global gas turbine market size over the forecast timeframe. Stringent emission reduction targets to reduce impact of greenhouse gases will boost the industry growth. In 2015, Government of France passed Energy Transition for Green Growth legislation with the aim to reduce emission level by 40% and increase the renewable energy consumption to 32% by 2030. • Growing demand for the reliable, clean and affordable electricity for better economic and social development will embellish in global gas turbine market size from 2016 to 2024. Countries including the U.S. and UK have introduced various action plans to meet their growing electricity demand with the clean energy sources. U.S. federal government is targeting increase the energy mix from the gas fired station to 30% by 2025. • Power generation applications are set to exceed 57 GW by 2024. Ongoing capacity addition with expansion of existing generating stations by countries including China, India and South Africa will positively impact industry growth.
Continue… • U.S. gas turbine market share is anticipated to expand over 8% by 2024. Regulations to enhance the safety of existing gas fired stations coupled with the deployment of new high capacity generation plants to cater the growing demand will augment the industry growth. • Reasons to Buy This Report: • 1. Gas Turbine Market size & share forecast by product & application, 2016-2024 • 2. Growth drivers, pitfalls & industry challenges • 3. Gas Turbine Market growth opportunities & emerging business models • 4. Competitive benchmarking with market share analysis and company profiles • For Europe, UK gas turbine market size for 2015 was valued over USD 180 million. Growing investments towards the replacement of existing coal fired stations with new clean energy systems will complement the industry outlook. The Government of UK is targeting to shut down all the coal fired power plants by 2025 in line of fulfilling its clean energy commitment. • Saudi Arabia gas turbine market revenue was valued over USD 1 billion in 2015. Rising onshore and offshore drilling and exploration will add to the revenue over the forecast timeline. Argentina is predicted to exceed 1.5 GW by 2024. Growing investments towards the enhancement of marine and aviation industry will boost the business growth.
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