Global Gas Turbines Market to reach USD 20.5 Billion in 2021: By Design Type, Rated Capacity, Applications and Size

Sarasota, FL, Oct. 12, 2016 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Gas Turbines Market (Heavy Duty and Aeroderivative), By Rated Capacity (1 To 40 MW, 40 To 120 MW, 120 To 300 MW, and Above 300 MW), By Application (Oil & Gas, Power Generation and Other Industries) – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global demand for gas turbines market was valued at USD 16.0 billion in 2015, is expected to reach USD 20.5 billion in 2021 and is anticipated to grow at a CAGR of around 4% between 2016 and 2021.

The gas turbine is the engine mainly used at the power plant which generates electricity. A gas turbine is also known as combustion engine that can change liquid fluids and natural gases to mechanical energy. Gas turbines are available in sizes ranging from 500 kilowatts (kW) to 250 megawatts (MW). In past years, gas turbines are only used for generating electricity, but today gas turbines are one of the most widely used power generating technologies. There are several ways in which gas turbines can be used for the production of electricity and other forms of valuable energy.

Browse through 55 Market Tables and 42 Figures spread over 110 Pages and in-depth TOC on “Global Gas Turbines Market: By Design Type, Rated Capacity, Applications, Industry Size, Share, and Trends Analysis to 2015 – 2021”.

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