Gas Turbine Market worth USD 22.5 Billion by 2026

Gas Turbine Market
The global Gas Turbine Market is expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. However, they are also used for mechanical drive purposes and in jet engines. Power generation segment is expected to lead the gas turbine market  The...

Gas Turbine Market Growth is Driven by Rising Demand for Power Generation

Gas Turbine Market
The global Gas Turbine Market is expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. However, they are also used for mechanical drive purposes and in jet engines. Power generation segment is expected to lead the gas turbine market  The increase...

Gas Turbine Market Expected to Reach $22.5 Billion by 2026

Gas Turbine Market
The global Gas Turbine Marketis expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. However, they are also used for mechanical drive purposes and in jet engines. Power generation segment is expected to lead the gas turbine market  The...

Gas Turbine Market to Hit $22.5 Billion by 2026

Gas Turbine Market
According to the new market research report “Gas Turbine Market by Technology (Open Cycle and Combined Cycle), Design Type (Heavy Duty and Aeroderivative), End User (Power Generation, Oil & Gas), Rated Capacity (1–40 MW, 40–120 MW, 120–300 MW, Above 300 MW) and Region – Global Forecast to 2026″, published by MarketsandMarkets™, The global Gas Turbine Market is projected...

Gas Turbines Market to exceed $20.66 Billion by 2022

The global Gas Turbines Market is expected to grow from an estimated $17.51 billion in 2017 to $20.66 billion by 2022, at a CAGR of 3.36%, from 2017 to 2022. The shale gas boom in North America and decommissioning of nuclear plants in Europe are likely to boost the demand for gas turbines in these regions. The demand for gas turbines in the Middle East & Africa, Latin America, and Asia Pacific...

Changing Fuel Trends to Create a Positive Atmosphere for Gas Turbines Market

The use of gas turbines can be dated back to many years. Power is generated by creating an air-fuel mixture, which in turn generates hot gases on burning. These hot gases are then used for rotating the turbine to generate electricity. Over the years, gas turbines have found usage in industries like oil & gas and power generation, and with shale gas proving to be a valuable source of energy in the...