Europe Gas Turbine Market To Witness Lucrative Growth Through 2027

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Europe Gas Turbine Market 2022 Industry Trends
Growth Dynamics To 2027
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• Europe gas turbine market has seen some
  remarkable progress in recent years because of
  the rising focus of regional governments on
  adopting greener alternatives to produce
  electricity, like gas turbines. Companies in the
  region are creating innovative technologies that
  will help in making efficient use of energy,
  which will propel the demand for gas turbines.
• Natural gas will gain popularity in fueling the
  turbines as it is a cleaner fuel and has very low
  emission rate. It is available in large
  quantities across Europe, creating high demand
  for natural gas-powered turbines. The COVID-19
  pandemic negatively impacted the regional gas
  turbine market as many industries were
  temporarily shut down due to lockdown
  restrictions.
• It resulted in the manufacturing plants facing
  several difficulties in completing the production
  as there was a severe shortage of raw materials
  and manpower. However, today with the
  restrictions and curfews being eased across
  Europe, the regional gas turbine industry is
  expected to pick up pace in the coming years.
• Aero-derivative and heavy-duty gas turbines are
  widely used by customers for various reasons.
  Heavy-duty gas turbines will find robust demand
  among end-users in Europe. One of the important
  reasons for this is attributed to the strong rise
  in industrialization activities across many
  countries. Companies in the region extensively
  use heavy-duty gas turbines as they have some
  great features like smooth operation, high
  efficiency and reliability.

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• Gas turbines with different capacities are used
  by many users across the world. Equipment with
  capacities ranging between less-than 70 MW and
  200 MW will gain impressive momentum in Europe. A
  major reason for this is that a rising number of
  countries in the region are looking to adopt
  green fuels in their industries. Co-generating
  units used in these sectors are witnessing
  capacity expansion to withstand the increasing
  load of heat and electricity consumption in
  different grid networks. Governments in Europe
  are enforcing strict rules regarding the
  replacement of energy-wasting turbines with
  energy-saving ones, thereby fostering the demand
  for gas turbines with the above-mentioned
  capacity.
• Gas turbines have many uses across different
  areas like marine, aviation, oil gas, process
  plants and power plants. Among these, gas
  turbines will experience high application across
  power plants in Europe. The region is witnessing
  a rapid rise in industrialization activities,
  leading to an increase in the number of power
  generation units to cater to growing demand for
  continuous electricity supply. Governments in the
  EU are becoming stricter with their norms
  regarding the use of energy efficient fuels to
  run the plants.
• Germany gas turbine market size is expected to
  grow at a consistent rate because the authorities
  are increasing their emphasis on replacing
  coal-fueled power plants with clean energy-based
  ones. The supply of shale is going up in the
  country because it has lower carbon emission
  rates as compared to other non-renewable fuels.
• The demand for continuous supply of electricity
  is growing in the country at a rapid rate every
  year. It will drive the demand for gas turbines
  as they have the power to produce high amounts of
  electricity with the help of natural resources
  available.

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• Segmentation of Europe Gas Turbine Market
• Europe Market, By Capacity
• lt 50 kW
• 50 kW to 500 kW
• gt 500 kW to 1 MW
• gt 1 MW to 30 MW
• gt30 MW to 70 MW
• gt 70 MW to 200 MW
• gt 200 MW
• Europe Market, By Product
• Aero-Derivative
• Heavy Duty

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