Zion Market Research Global Gas Turbine Services Market, 2016–2024 | Page 2

Gas Turbine Services Market
Zion Market Research, the market research group announced the analysis report titled ‘Gas
Turbine Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and
Forecasts 2016–2024'
Global Gas Turbine Services Market by Overview: Gas turbines are also known as
combustion engines. The internal combustion engine converts the liquid fuels or natural gas
into mechanical energy which is then used to produce electricity via the generator. The gas
turbines have upstream rotating compressor combined with a downstream turbine and a
combustor. The gas turbines are mainly used to power trains, ships, aircraft, automobiles,
tanks, and electric generators. The growing utilization of the gas turbines due to the high
output propels the global gas turbine services market growth.
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Global Gas Turbine Services Market by Growth Factors: The major factors expected to
drive the global gas turbine services is the increasing installation of the combined cycle
power plants. The rise in the gas turbine installation increases due to the high shale gas
production which in turn boosts the global market. The stringent government regulatory
norms regarding the emission, high labor cost, highly expensive gas turbine spare parts,
and difficulty in transportation processes hinders the global gas turbine service market.