Gas Turbines Market by Technology, Application, and Region - Global Forecast to 2022

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Gas Turbines Market by Technology, Rating
Capacity, Design Type, Application, and Region -
Global Forecast to 2022
www.MarketsandMarkets.com
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According to the new market research report "Gas
Turbines Market by Technology (Open Cycle and
Combined Cycle), Rating Capacity (Less than 40
MW, 40-120 MW, 120-300 MW, and Above 300 MW),
Design Type (Heavy Duty and Aeroderivative),
Application (Power and Oil Gas), and Region -
Global Forecast to 2022", published by
MarketsandMarkets, The gas turbines market is
expected to grow from an estimated USD 17.51
Billion in 2017 to USD 20.66 Billion by 2022, at
a CAGR of 3.36, from 2017 to 2022. The global
market is witnessing significant growth driven by
the increasing demand for natural gas-fired power
plants, rising demand for electricity, and
reducing carbon dioxide emissions. Request
for Free Sample Report _at_ https//www.marketsandmar
kets.com/requestsampleNew.asp?id94641697
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Combined cycle the largest gas turbines market
by technology. The combined cycle power plants
segment was the largest market and is estimated
to account more than two-thirds of the total
market. Combined cycle power plants are similar
to open cycle power plants, except, in combined
cycle plants, the waste heat from gas turbines is
used to make steam to produce additional
electricity using steam turbines. The initial
costs for installation and the investments
required till the commissioning of combined cycle
power plants are high. Combined cycle power
plants help lower the total emissions since the
exhaust is utilized for other operations. Browse 
and in-depth TOC on "Gas Turbines Market" 67 -
Tables 31 - Figures 161 - Pages View more
detailed TOC _at_ https//www.marketsandmarkets.com/
Market-Reports/gas-turbines-market-94641697.html

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The power generation application segment is
expected to be the fastest growing market. Gas
turbine power plants are widely used as
medium-sized peak load plants to run
intermittently during short durations of high
power demand on electric systems. The power
generation segment is expected to be the fastest
growing segment. Gas turbines are used for power
generation in small- and medium-scale industries.
Gas turbines are also used widely by independent
power producers, small and medium power
utilities, and municipalities. Gas turbines are
used in open cycle and combined cycle power
plants in utilities, for base load standby power,
and peak loading applications. They are also used
as cogeneration plants for industrial plants with
high heat load and district heating schemes. The
increase in the demand for natural gas power
plants in various industries will drive the power
generation segment during the forecast
period. Speak to Analyst _at_ https//www.marketsan
dmarkets.com/speaktoanalystNew.asp?id94641697
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Asia Pacific The leading gas turbines
market The market in Asia Pacific is expected to
dominate the gas turbines market during the
forecast period. There is a huge increase in the
demand for electricity in Asia Pacific however,
utilities are facing challenges such as meeting
energy efficiency targets and adhering to federal
carbon policies. Factors such as urbanization,
industrialization, and fast economic growth are
driving the demand for electric power in various
countries in the region. This has led to the
development of new power plants, especially
gas-fired ones. Dont miss out on business
opportunities in Gas Turbines Market. Download
PDF Brochure and gain crucial industry insights
that will help your business grow https//www.mar
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• Target Audience
• Gas turbine manufacturers
• Manufacturers associations
• Public and private operators of natural gas power
  plants
• Government and research organizations
• Institutional investors
• Suppliers of parts and components in the gas
  turbines industry
• Key players -
• To provide an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the leading players in the
  gas turbines market including
• GE (US),
• Siemens (Germany),
• MHPS (Japan),
• Ansaldo (Italy), etc.

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