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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