Technology News & Trends

  Gas Turbine Market: Introduction The global  gas turbine market  is anticipated to reach  US$ 53.8 Bn  by  2030 . The gas turbine market is projected to expand at a CAGR of ~ 4%  from  2020  to  2030  in terms of revenue. The growth of the gas turbine market can be attributed to rising adoption of gas turbines for producing electricity, growing demand for natural gas-fired power plants, accessibility of efficient power generation, effect of the shale gas revolution, and reduction in the emission of carbon dioxide. During the forecast period, North America is anticipated to emerge as the leading gas turbine market, followed by Asia Pacific and Europe. Growing Number of Power Plants Globally The shifting trend toward sustainable power sources across the world has augmented the usage of gas turbines to produce cleaner power by curbing carbon emissions. The rise in demand for electricity or rising energy demand across the globe i...

  Gas Turbine Market: Introduction The global  gas turbine market  is anticipated to reach  US$ 53.8 Bn  by  2030 . The gas turbine market is projected to expand at a CAGR of ~ 4%  from  2020  to  2030  in terms of revenue. The growth of the gas turbine market can be attributed to rising adoption of gas turbines for producing electricity, growing demand for natural gas-fired power plants, accessibility of efficient power generation, effect of the shale gas revolution, and reduction in the emission of carbon dioxide. During the forecast period, North America is anticipated to emerge as the leading gas turbine market, followed by Asia Pacific and Europe.   Growing Number of Power Plants Globally The shifting trend toward sustainable power sources across the world has augmented the usage of gas turbines to produce cleaner power by curbing carbon emissions. The rise in demand for electricity or rising energy demand across...

  Gas Turbine Market: Introduction The global  gas turbine market  is anticipated to reach  US$ 53.8 Bn  by  2030 . The gas turbine market is projected to expand at a CAGR of ~ 4%  from  2020  to  2030  in terms of revenue. The growth of the gas turbine market can be attributed to rising adoption of gas turbines for producing electricity, growing demand for natural gas-fired power plants, accessibility of efficient power generation, effect of the shale gas revolution, and reduction in the emission of carbon dioxide. During the forecast period, North America is anticipated to emerge as the leading gas turbine market, followed by Asia Pacific and Europe. Growing Number of Power Plants Globally The shifting trend toward sustainable power sources across the world has augmented the usage of gas turbines to produce cleaner power by curbing carbon emissions. The rise in demand for electricity or rising energy demand across the globe i...