Aeroderivative Gas Turbine Key Market Participants Include General Electric, Siemens AG, Mitsubishi Hitachi Power Systems Ltd, Rolls-Royce
Rising cogeneration technology adoption to meet the growing electricity demand will drive the global aeroderivative gas turbine market size by 2024. Countries including the U.S., UK, France, and Germany are investing aggressively for replacement of their existing coal fired power stations with the sustainable energy, positively impacting the industry growth. U.S. federal government is planning to increase the share of cogeneration by 30% over the next ten years in line to achieve its clean energy target.
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