A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Gas
Turbine Services
Market. The
study, titled “Gas
Turbine Services Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Gas
turbines are combustion engines that can convert natural gas or other
liquid fuels to mechanical energy which is then used by the generator
to produce electrical energy. Most gas turbines operate on an open
cycle in which air is drawn from the atmosphere. Gas turbines are
composed of three primary sections which include a compressor,
combustion mounted on the same shaft and turbine. Compressor draws
air into the engine, pressurizes it and feeds it to the combustion
chamber at speeds of hundreds of miles per hour. The combustion
mechanism then produces high temperature gas stream that enters and
expands through the turbine section. The turbine features an array of
alternate stationary and rotating blades. Gas turbine services market
is rapidly expanding in sectors where efficiency and power output of
a gas turbine play crucial roles.
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Market Research Report @
Maintenance
service is expected to dominate the global gas turbine services
market with the rising number of gas turbine installations increasing
the demand for inspection, monitoring, and maintenance activities.
Power generation sector acts as a key driver for the global gas
turbine services market due to the growing need for gas turbines for
cycle power plants. For aero derivative gas turbines, the major
market driving factor to be considered is the demand for increased
power to cost ratio. The escalating need for shale gas also plays a
role. Furthermore, advancement in technology and lower power
generating cost are the factors which drive the growth of the gas
turbine services market. An important trend positively impacting the
gas turbine services market is the regulations enacted by the
government with concerning resource depletion, increase in harmful
emissions, and climate change mitigation.
The
global gas turbine services market is divided on the basis of type of
gas turbine into heavy duty gas turbine and aero derivatives.
Currently, heavy duty type gas turbine is the leading segment owing
to increase in the number of large gas fired plants. The industry can
be further divided by rated capacity turbines are segmented into 1 to
40 MW, 40 to 120 MW, 120 to 300 MW, and above 300 MW. In terms of
service, gas turbine services market is segmented into maintenance,
repair and overhaul. Gas turbine services market is segmented on the
basis of end user applications as original equipment manufacturer and
non-original equipment manufacturer and in terms of applications, it
is segmented as oil and gas, power generation and other industries.
Globally,
gas turbine services have witnessed a robust growth in 2015 and are
anticipated to follow the same trend during the forecast period
(2016-2024). Asia-Pacific is a key region for the gas turbine
services market owing to the advancements in technology and
urbanization in the region. However, North America is the leading
market for gas turbine services owing to the large number of existing
and aging gas turbines fleet in the U.S and Canada. Large number of
long term service agreements for gas turbine services are also seen
in this region. Urbanization and industrialization of central and
eastern European countries have made Europe a region of immense
potential and opportunities. The rising demand for power in the
developing regions like Latin America and Middle East owing to the
exploitation of the natural gas reserves in the region are expected
to propel the market for gas turbine market.
Get
accurate market forecast and analysis on the Gas Turbine Services
market. Request a sample to stay abreast on the key trends impacting
this market@
Key
players in the global gas turbine market include Rolls-Royce plc,
GENERAL ELECTRIC, Centrax Ltd, Siemens AG, Ansaldo Energia s.p.a,
Centrax Ltd, Hitachi Ltd, and Mitsubishi Motors Corporation.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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