Global Distributed Generation through Gas Turbine Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Distributed Generation through Gas Turbine Market By Product, Therapeutic Applications and End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Distributed Generation through Gas Turbine Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the Distributed Generation through Gas Turbine Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
The gas turbine is the engine which produces electric current. The gas turbine is the heart of the power plant. A gas turbine is a type of continuous combustion, internal combustion engine which has three main components: an upstream rotating gas compressor, a downstream turbine on the same shaft, a combustion chamber or area, called a combustor.
To create hot water, steam, chilled water, or a combination, typical distributed generation systems are driven by combustion turbines, gas fired reciprocating engines, or micro turbines, coupled with waste heat recovery. These 2 to 50 MW systems compare favorably in efficiency with 60-80% of overall utility market heat rates which is about 35-45% and state of the art combined cycle plants is approximately 45-55%.
Global Distributed Generation through Gas Turbine Market has been segmented majorly on the basis of Rated Capacity (<25 MW, 26-40 MW and 41-60MW), Applications (On-Grid, Off-Grid) & End-User (Manufacturing & Processing Industry, Mining, Oil & Gas, and others).
North America is expected to be the largest market for distributed generation through gas turbine market. U.S is dominating this region due to the abundant availability of unconventional gases, and presence of key players in this market. Asia Pacific is expected to be the fastest growing region for distributed generation through gas turbine market. India, China expected to lead this market in this region due to factors such as increased demand for electric energy, rapid pace of urbanization & industrialization and strict government mandates regarding cleaner resources.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in Global Distributed Generation through Gas Turbine Market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Bloom Energy, Capstone, Caterpillar, Cummins, Flexenergy, General Electric, MAN Diesel & Turbo, Mitsubishi Heavy Industries, Schneider Electric and Siemens.
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