Money News

Gas Turbine and Turbine Services Market Surges with a Robust 4% CAGR in 2023-28 Forecast

Market Overview: Gas Turbine and Turbine Services Market

MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Gas Turbine and Turbine Services Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Gas Turbine and Turbine Services Market Insights 2023-28

The Gas Turbine and Turbine Services Market is estimated to grow at a CAGR of around 4% during the forecast period 2023-28.

Driving Innovation: Exploring the Gas Turbine and Turbine Services Market and its Driver
Global Gas Turbine and Turbine Services Market Driver: Escalating Energy Requirements Worldwide

With rapid urbanization & industrialization, coupled with increasing infrastructural developments & smart home construction activities worldwide, the electricity demand is increasing enormously. To cater to these requirements, both public & private sectors are either installing new power plants or expanding the capacity of their existing ones, i.e., leading to increasing installation of gas turbines in these power plants as they are less harmful. These trends project lucrative prospects for the Gas Turbine and Turbine Services Market during 2023-28.

Top Players in the Gas Turbine and Turbine Services Market:

-Newell Brands Inc.

-Compagnie de Saint-Gobain S.A

-Sonoco Products Company

-Sealed Air Corporation

-Berry Plastics Corporation

-Tamam Plastic Factory

-Taldeen Plastic Solutions Ltd.

-Rowad National Plastic Company

-Falcon Plastic Products Company

-National Plastic Factory

Recent Developments in the Global Luxury Car Market
  • On 21 June 2023, Berry Global, a leading packaging manufacturer, unveiled its latest spray-through overcap made using 50% recycled content to support customers in achieving their sustainability goals with recycled content.

Read Full Report -  https://www.marknteladvisors.com/research-library/global-gas-turbine-and-turbine-services-market.html                          

Segmentation Analysis of Gas Turbine and Turbine Services Market

Gas Turbine and Turbine Services Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023-28, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

By Type

-Gas Turbine Sales

–Heavy Duty Turbine

–Aeroderivative Turbine

–Industrial Turbine

-Gas Turbine Services

–Overhaul

–Maintenance and Repair

  • Of them all, Heavy Duty Turbines dominate the Gas Turbine and Turbine Services Market with the largest share. It owes to their high-capacity operations, economic cost structure, & lower pressure ratios to yield high specific power, as well as the surging number of manufacturing plants globally. Moreover, smaller dimensions, low investment costs, & maximum cycle efficiency associated with heavy-duty turbines make them suitable for heat recovery power generating plants and the power & utility industry. Additionally, the rapid expansion of captive generating power stations owing to the growing electricity demand in the industrial sector is another prominent aspect boosting the demand for heavy-duty turbines.
  • On the other hand, the demand for aeroderivative turbines is expected to witness the fastest growth in the global market over the forecast years, owing to their ever-growing utilization in utility generation, district heating, and marine propulsion. These turbines are lighter in weight, take up less space, & emit low emissions and enable renewables to operate when needed, which helps save fuel. Besides, they are designed for immediate removal & replacement facilitating fast maintenance & greatly reduced downtimes. Hence, considering these aspects, aeroderivative turbines are very likely to witness increasing demand in the years ahead.

By Service Provider

-OEM

-Non-OEM

By Application

-Power Generation

-Oil & Gas

-Other Industrial Application

By Capacity

-30 MW and Below

-31 MW to 100 MW

-101 MW to 200 MW

-Above 200 MW

A Comprehensive Geographical Analysis:

By Region

-North America

-Europe

-Asia Pacific

-Middle East & Africa

-South America

  • Of them all, Heavy Duty Turbines dominate the Gas Turbine and Turbine Services Market with the largest share.
Why Choose Us?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

About Us 

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others. 

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. 

Reach us:

Call: +1 628 895 8081, +91 120 4278433

Email: sales@marknteladvisors.com

Related Articles

Back to top button