The gas turbines market has been segmented on the basis of its capacity and technology as well. On the basis of capacity they are manufactured as 1-40MW, 40-120MW, 120-300MW, and above 300MW. On the basis of technology it is again segmented as open cycled and combined cycle plants. Combined cycle plants with heavy duty type of turbines allow high elasticity and low discharges even in part load process. However the heavy duty type gas turbine segment embraces the main share, the aero derivative segment is anticipated to develop at the utmost rate, owed to its higher competence and cost efficiency.
Asia-Pacific( APAC) is the leading market for gas turbines and is forecast to have highest growth in the next few years due to growing adoption of turbines in the market. North America gas turbines market accounts to XX % of the global market for gas turbines and is the next fastest growing market followed by Europe.