The market is consolidated with top five market players accounting for over 65 % market share. Being a mature market, market participants focus on post-sales services to remain competitive. Mergers and acquisition is a key strategy implemented. One such example is the acquisition of Alstom ' s power and grid business by GE.
Further key findings from the report suggest:
The global gas turbine market demand was over 60,000MW in 2015 and is expected to grow at an estimated CAGR of 4.3 % from 2016 to 2025
Power generation was the largest application segment in 2015 and is likely to continue the trend during the forecast period
Due to Fukushima nuclear disaster, Japanese government is now focusing on R & D for combined cycle power plant
Read Sample report of this Category: www. radiantinsights. com / catalog / energy Iraq government tied up with General Electric to set up 3,000MW gas power plant
Asia Pacific is expected to grow at a CAGR of 5.4 % in terms of revenue over the forecast period and is expected to be the fastest growing region
Europe is expected to grow at an estimated CAGR of 4.9 % in terms of revenue from 2016 to 2025
Major players operating in the global gas turbine market include General Electric Company, Siemens AG, Kawasaki Heavy Industries, Ltd., Ansaldo Energia S. P. A., Bharat Heavy Electricals Limited, Opra Turbines B. V., Solar Turbines Incorporated, etc.
Table of Contents
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources
Chapter 2. Executive Summary 2.1. Market Snapshot
Chapter 3. Gas Turbine Market Variables, Trends & Scope
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