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 acros...

Gas Turbines Market - Introduction A gas turbine is the heart of a power plant and is also known as a combustion turbine. Gas turbines are used to produce electric current. A gas turbine is an engine which is used to transform other liquid fuels or natural gas to mechanical energy. This mechanical energy then drives a generator and thus it produces electrical energy. Each gas turbine has three main elements including an upstream rotating gas compressor; a combustor; and a downstream turbine on the same shaft as the compressor. For converting the energy into electricity, a mixture of fuel and air at very high temperature heated by the gas turbine causes the turbine blades to spin. The spinning turbine drives the generator, and thus electricity is generated. Gas Turbines Market – Competitive Landscape In March 2019, SiemensAG entered into a partnership with China Power Investment Corporation, to develop heavy-duty gas turbines for power plants. In December 2018, Turbine Eff...

Gas Turbines Market - Introduction A gas turbine is the heart of a power plant and is also known as a combustion turbine. Gas turbines are used to produce electric current. A gas turbine is an engine which is used to transform other liquid fuels or natural gas to mechanical energy. This mechanical energy then drives a generator and thus it produces electrical energy. Each gas turbine has three main elements including an upstream rotating gas compressor; a combustor; and a downstream turbine on the same shaft as the compressor. For converting the energy into electricity, a mixture of fuel and air at very high temperature heated by the gas turbine causes the turbine blades to spin. The spinning turbine drives the generator, and thus electricity is generated. Gas Turbines Market – Competitive Landscape In March 2019, SiemensAG entered into a partnership with China Power Investment Corporation, to develop heavy-duty gas turbines for power plants. In December 2018, Turbine Effi...

Gas Turbines Market - Introduction A gas turbine is the heart of a power plant and is also known as a combustion turbine. Gas turbines are used to produce electric current. A gas turbine is an engine which is used to transform other liquid fuels or natural gas to mechanical energy. This mechanical energy then drives a generator and thus it produces electrical energy. Each gas turbine has three main elements including an upstream rotating gas compressor; a combustor; and a downstream turbine on the same shaft as the compressor. For converting the energy into electricity, a mixture of fuel and air at very high temperature heated by the gas turbine causes the turbine blades to spin. The spinning turbine drives the generator, and thus electricity is generated. Gas Turbines Market – Competitive Landscape In March 2019, SiemensAG entered into a partnership with China Power Investment Corporation, to develop heavy-duty gas turbines for power plants. In December 2018, Turbine Effi...