Industrial Gas Turbine Market Forecast to 2024 Reveals 6% CAGR Growth Led by region
MarketStudyReport.com adds a new Industrial Gas Turbine Market research report for the period of 2017-2024 that shows the market is growing at steady CAGR to 2024.
(EMAILWIRE.COM, February 18, 2018 ) Increasing industrialization couples with rising demand for the safe and reliable electricity will drive the global industrial gas turbine market size by 2024. In the past decades, largescale industries made significant investments towards the development of captive generating stations to reduce their dependencies on utilities which has positively influence the industry growth. In 2017, Aluminum Bahrain awarded GE to supply its H Class technology for powering its single site smelter which is considered as one of the largest in the world.
Industrial Gas Turbine Market size will exceed USD 18 billion by 2024; according to a new research report.
Request a sample copy of Industrial Gas Turbine Market Research Report @ https://www.marketstudyreport.com/request-a-sample/467573/?utm_source=emw-SK
Growing measures to ease the effects of carbon footprints arising from conventional coal fired generating facilities will fuel the industrial gas turbine market share. In 2015, Government of UK took a decisive step to roll out the existing conventional coal fired systems in the next ten years to achieve their clean energy target. Stringent government norms to limit the GHG emission has substantially raised the investments towards the development of gas fired power stations which may positively boost the industrial gas turbine market growth.
Heavy duty accounted for over 80% of the 2015 global industrial gas turbine market share. Development of high capacity cogenerating facilities to cater the growing electricity demand coupled with measure to curb GHG emissions will embellish the industry outlook. In 2016, Mexico based Altamira power station has deployed Siemens H-class technology across its 350 MW generating facility.
U.S. industrial gas turbine market is anticipated to exceed 14 GW by 2024. Federal government initiatives to expand the penetration of natural gas fired station will augment the industry outlook. In 2015, EIA had projected that the by 2025 more 30% of total U.S. electricity production will come from natural gas.
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International Maritime Organization (IMO) has introduced TIER III regulations to reduce the NOx emissions from marine diesel engines installed on new constructed ships on or after 1st January 2016. These norms are currently imposed to the U.S. Caribbean Sea and North American Emission Control Areas (ECAs). Industrial gas turbine market share from oil and gas is anticipated to expand over 8% by 2024. Rising E&P activities across deep and ultradeep sea bed will complement the business outlook.
France industrial gas turbine market for 2015 was valued over USD 120 million. In 2015, regulators had introduced Energy Transition for Green Growth legislation targeting to reduce the emission level by 40% by 2030 from 1990 levels.
China industrial gas turbine market size is set to strong growth owing to ongoing development of high capacity electricity generating stations. Government focus to reduce air pollution may further push the business growth. As per Xinhua one of the leading state news agency, Beijing has become first city in China to have all its power stations fueled by natural gas with an objective laid under clean air action plan.
Notable companies catering industrial gas turbine market include Harbin Electric, Vericor Power Systems, Zorya-Mashproekt, Kawasaki Heavy Industries, Opra Turbines, Siemens, Solar Turbines, Cryostar, NPO Saturn, Ansaldo Energia, Bharat Heavy Electricals, Capstone Turbine, General Electric, and Mitsubishi Hitachi Power.
Related Reports: -
Global Industrial Gas Turbines Market Professional Survey Report 2017
This report studies Industrial Gas Turbines in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in t...
@https://www.marketstudyreport.com/reports/global-industrial-gas-turbines-market-professional-survey-report-2017/?utm_source=RR-SK
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Industrial Gas Turbine Market size will exceed USD 18 billion by 2024; according to a new research report.
Request a sample copy of Industrial Gas Turbine Market Research Report @ https://www.marketstudyreport.com/request-a-sample/467573/?utm_source=emw-SK
Growing measures to ease the effects of carbon footprints arising from conventional coal fired generating facilities will fuel the industrial gas turbine market share. In 2015, Government of UK took a decisive step to roll out the existing conventional coal fired systems in the next ten years to achieve their clean energy target. Stringent government norms to limit the GHG emission has substantially raised the investments towards the development of gas fired power stations which may positively boost the industrial gas turbine market growth.
Heavy duty accounted for over 80% of the 2015 global industrial gas turbine market share. Development of high capacity cogenerating facilities to cater the growing electricity demand coupled with measure to curb GHG emissions will embellish the industry outlook. In 2016, Mexico based Altamira power station has deployed Siemens H-class technology across its 350 MW generating facility.
U.S. industrial gas turbine market is anticipated to exceed 14 GW by 2024. Federal government initiatives to expand the penetration of natural gas fired station will augment the industry outlook. In 2015, EIA had projected that the by 2025 more 30% of total U.S. electricity production will come from natural gas.
Enquire about this report @ https://www.marketstudyreport.com/enquiry-before-buying/467573/?utm_source=emw-SK
International Maritime Organization (IMO) has introduced TIER III regulations to reduce the NOx emissions from marine diesel engines installed on new constructed ships on or after 1st January 2016. These norms are currently imposed to the U.S. Caribbean Sea and North American Emission Control Areas (ECAs). Industrial gas turbine market share from oil and gas is anticipated to expand over 8% by 2024. Rising E&P activities across deep and ultradeep sea bed will complement the business outlook.
France industrial gas turbine market for 2015 was valued over USD 120 million. In 2015, regulators had introduced Energy Transition for Green Growth legislation targeting to reduce the emission level by 40% by 2030 from 1990 levels.
China industrial gas turbine market size is set to strong growth owing to ongoing development of high capacity electricity generating stations. Government focus to reduce air pollution may further push the business growth. As per Xinhua one of the leading state news agency, Beijing has become first city in China to have all its power stations fueled by natural gas with an objective laid under clean air action plan.
Notable companies catering industrial gas turbine market include Harbin Electric, Vericor Power Systems, Zorya-Mashproekt, Kawasaki Heavy Industries, Opra Turbines, Siemens, Solar Turbines, Cryostar, NPO Saturn, Ansaldo Energia, Bharat Heavy Electricals, Capstone Turbine, General Electric, and Mitsubishi Hitachi Power.
Related Reports: -
Global Industrial Gas Turbines Market Professional Survey Report 2017
This report studies Industrial Gas Turbines in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in t...
@https://www.marketstudyreport.com/reports/global-industrial-gas-turbines-market-professional-survey-report-2017/?utm_source=RR-SK
About Us:
Centralize market research purchases across your entire organization in one place. Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report
The Green Suite #4594,
Dover, DE 192501
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2250
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Market Study Report
Arun Hegde
Tel: 1-201-355-0868
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results