Gas Turbines Market Will Reach Around Usd 20.5billion in 2021

Published By:Zion Market Research

Gas Turbines (Heavy Duty and Aeroderivative) Market, By Rated Capacity (1 To 40 MW, 40 To
120 MW, 120 To 300 MW, and Above 300 MW), By Application (Oil & Gas, Power Generation
and Other Industries) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth,
Segment, Trends and Forecast, 2015 – 2021

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Gas Turbines Market

Zion Market Research has published a new report titled “Gas Turbines (Heavy Duty and Aeroderivative)
Market, By Rated Capacity (1 To 40 MW, 40 To 120 MW, 120 To 300 MW, and Above 300 MW), By
Application (Oil & Gas, Power Generation and Other Industries) - Global Industry Perspective,
Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for gas
turbines market was valued at USD 16.0 billion in 2015, is expected to reach USD 20.5 billion in 2021 and is
anticipated to grow at a CAGR of around 4% between 2016 and 2021.
The gas turbine is the engine mainly used at power plant which generates electricity.A gas turbine is also
known as combustion engine that can changeliquid fluids and natural gases to mechanical energy.Gas turbines
are available in sizes ranging from 500 kilowatts (kW) to 250 megawatts (MW). In past years, gas turbines are
only used for generating electricity, but today gas turbines are one of the most widely used power generating
technologies.There are several ways in which gas turbines can be used for production of electricity and other
forms of valuable energy.
Browse the full "Gas Turbines (Heavy Duty and Aeroderivative) Market, By Rated Capacity (1 To 40
MW, 40 To 120 MW, 120 To 300 MW, and Above 300 MW), By Application (Oil & Gas, Power
Generation and Other Industries) - Global Industry Perspective, Comprehensive...