World Industries Focus on Gas Turbine Market Research Report, 2025

According to the global Gas Turbine Market report published by Value Market Research, the market is
expected to touch USD 23.7 BN by 2024, with a CAGR of 4% growing from USD 18 BN in 2017. This is a
tailored made research service providing informative data and various critical aspects of the market
such as market outlook, market share, growth, and trends. Further, the report also offers evidence-
based information that helps to transform clients business and achieve their business goals. Moreover,
the report also highlights the key strategy of top players. Additionally, this report covers a wide
spectrum of services such as the latest technology trend, market opportunity analysis, and competitive
landscape.
The report also covers detailed competitive landscape including company profiles of key players
operating in the global market. The key players in the gas turbine market include Ansaldo, BHEL,
Centrax, GE, Harbin Electric, Kawasaki Heavy Industries, MAN Diesel, MHPS, OPRA, Siemens, Solar
Turbines, Vericor Power and Zorya. An in-depth view of the competitive outlook includes future
capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product
launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
The gas turbine market is majorly driven on account of a rise in electricity demand from the
manufacturing and industrial sector. Use of gas turbines in oil and gas, aerospace, driving tanks and
other application areas owing to high-energy generating capacity is further contributing significantly to
market growth. Stringent norms imposed for emission of carbon coupled with favorable subsidiaries and
policies offered by the government of various countries are further pushing the market growth.
However, the use of renewable energy sources for electricity generation is assumed to impact the
market growth negatively.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using
numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain
analysis. These tools are employed to gain insights of the potential value of the market facilitating the
business strategists with the latest growth opportunities. Additionally, these tools also provide a
detailed analysis of each application/product segment in the global market of gas turbine.
Browse Global Gas Turbine Market Research Report with detailed TOC at
https://www.valuemarketresearch.com/report/gas-turbine-market
Market Segmentation
The broad gas turbine market has been sub-grouped into technology, application, design and rated
capacity. The report studies these subsets with respect to the geographical segmentation. The
strategists can gain a detailed insight and devise appropriate strategies to target specific market. This
detail will lead to a focused approach leading to identification of better opportunities.
By Technology
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Open Cycle
Combined Cycle