The global Gas Turbine Market size
is projected to reach a CAGR of 5.3% from 2022-2028.

Gas turbine is a
mechanical device, which harnesses energy from working fluid or gas by
utilizing its kinetic energy or potential energy. These turbines run on brayton
cycle, which is equipped with a heater, compressor, turbine, and cooler. The
working fluid undergoes thermodynamic process where the system converts
mechanical/heat energy into rotating energy, which, in turn, produces the
electricity as output.

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Rapid technological advancements in the energy sector
coupled with increase in focus toward distributed power generation technology,
are some of the factors that have supported long-term expansion for Gas Turbine
Market.

Recent Developments

In October 2019, GE launched 7HA.03, the newest version of
its HA gas turbine, to power FPL's Dania Beach Clean Energy Center in Fort
Lauderdale, Florida.

In June 2021, OPRA Turbines signed an agreement with Quanta.
This partnership enabled Quanta to become a reseller for OPRA Turbines in the
offshore oil & gas segment in the North Sea region.

Prominent Players

• Siemens AG


• Mitsubishi Heavy
  Industries Ltd


• General Electric
  Company


• Kawasaki Heavy
  Industries Ltd


• Wartsila Oyj Abp

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Asia
Pacific to Dominate the Market

Asia Pacific dominated the global gas turbine market, in
terms of value. Investment in new large gas-fired combined cycle power
generation plants and large coal-fired plants, along with rising electricity
demand, is expected to drive the Asia Pacific gas turbines market's growth.

Gas Turbine Market Segmentation:

On the basis of
Design Type

·       
Heavy duty (frame)

·       
Aeroderivative                                          

On the basis of
Backing Type

·       
Power Generation

·       
Oil & gas

On the basis of
Technology

·       
Open Cycle

·       
Combined Cycle

On the basis of Rated
Capacity

·       
1–40 MW

·       
40–120 MW

·       
120–300 MW

·       
Above 300 MW

Based on region:

·       
Asia Pacific

·       
North America

·       
Europe

·       
South America

·       
Middle East & Africa

The Report helps to
identify the opportunities in Global Regions:

·       
North America (the United States, Canada, and Mexico)

·       
Europe (Germany, UK, France, Italy, Russia,
Turkey, etc.)

·       
Asia-Pacific (China, Japan, Korea, India,
Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and
Vietnam))

·       
South America (Brazil etc.)

·       
The Middle East and Africa (North Africa and GCC
Countries)

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Reasons to Acquire

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  strategies and decisions on the basis of sales or revenue fluctuations in
  terms of volume and value, distribution chain analysis, market trends and
  factors.


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  granular data access for Gas Turbine Market so as to understand the trends
  and the factors involved behind changing market situations.


• Qualitative and
  quantitative data utilization to discover arrays of future growth from the
  market trends of leaders to market visionaries and then recognize the
  significant areas to compete in the future.


• In-depth analysis of
  the changing trends of the market by visualizing the historic and forecast
  year growth patterns.

In addition to the market data for Gas Turbine Market, Delvens offers client-centric
report and customized according to the company’s specific demand and
requirement.

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