Allied Market Research

Industrial Gas Turbine Market Current Trends and Future Projection by 2023


Portland, OR -- (SBWIRE) -- 10/10/2017 -- An industrial gas turbine is a combustion engine, which is used to generate mechanical energy from various fuels such as natural gas or liquid fuels. This generated mechanical energy is utilized to drive an integrated generator that produces electrical energy.

The global industrial gas turbine market is segmented on the basis of product, capacity, technology, application, and geography.

Growth in demand for energy from various industries fuels the market. In addition, the flexibility to use different fuels to drive the turbines is projected to boost the growth of the market. However, the stringent environmental regulations associated with gas turbines is expected to hinder the growth of the market during the forecast period.

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Industrial Gas Turbine Market Report Key Benefits:

-The report provides an in-depth analysis of industrial gas turbine industry to identify the potential investment pockets.
-The key drivers, restraints, and opportunities are provided in the report.
-Porters Five Forces model helps analyze the potential buyers & suppliers and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly.

Industrial Gas Turbine Market Key Segments:

By Product

-Heavy Duty

By Capacity

-<70 MW
-70-300 MW
->300 MW

By Technology

-Open Cycle
-Combined Cycle

By Application

-Power Generation
-Oil & Gas

By Region

-North America

-Rest of Europe

-Rest of Asia-Pacific

-Latin America
-Middle East

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Key Market Players Profiled in the Report:

-Ansaldo Energia
-Bharat Heavy Electricals Limited
-General Electric
-Harbin Electric International Company Limited
-Kawasaki Heavy Industries Ltd.
-Man Diesel & Turbo
-Mitsubishi Hitachi Power Systems Ltd.
-Opra Turbines B.V.
-Vericor Power Systems

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