Gas turbine market forecast published
Published by Elizabeth Corner,
The ‘Gas Turbine Services Market Size, Share & Trends Analysis Report By Turbine Type, By Turbine Capacity, By Service Type, By Service Provider, By End Use (Power Generation, Oil & Gas), And Segment Forecasts, 2018 – 2025’ report has been added to ResearchAndMarkets.com's offering.
The global market is anticipated to register a CAGR of 8.5% during the forecast period. Availability of natural gas in large quantities coupled with its relatively lower prices, especially in North America, China and Thailand, has led to an increase in power generation using gas turbines.
The standby inspection (consists of servicing of the relays, cleaning, battery system, checking oil and water level and device calibration), running inspection, and combustion inspection (includes inspection of fuel nozzles and combustion liners) are the major maintenance and repair activities which are performed at different time interval, depending upon various factors such as operating hours, geographical condition, fuel, etc.
Growing focus on generating electricity through cleaner sources and discouragement of utilising coal reserves are the factors anticipated to increase the share of gas turbines in the global energy mix. This, in turn, is expected to provide a favourable environment for the development of this market.
One such strategy includes the recent orders passed by the current US government to reverse the energy policies of the previous government and stop the ‘war on coal', which is expected to boost the use of natural gas for energy production over the forecast period.
Companies profiled include:
- GE Power.
- Siemens AG.
- Mitsubishi Hitachi Power Systems, Ltd.
- Kawasaki Heavy Industries, Ltd.
- Bharat Heavy Electricals Limited (BHEL) .
- Ansaldo Energia S.p.A.
- Solar Turbines Incorporated.
- MAN Diesel & Turbo SE.
- Rolls Royce.
- Centrax Ltd.
- Dresser-Rand Group, Inc.
- OPRA Technologies AS.
- Shanghai Electric Group Co., Ltd.
- Sulzer Ltd.
Read the article online at: https://www.worldpipelines.com/business-news/15082018/gas-turbine-market-forecast-published/
You might also like
NewTek tailors LVDT position sensors to meet critical applications
The energy sector uses NewTek LVDT position sensors as metrology tools in ensuring the proper operation of different power systems.