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Global Info Research offers a latest published report on Gas Turbines Market Analysis and Forecast 2019-2024 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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A gas turbine engine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.
This air is first drawn into the engine where it is compressed, mixed with fuel and ignited. The resulting hot gas expands at a high velocity through a series of airfoil-shaped blades transferring energy created from combustion to turn an output shaft. The residual thermal energy in the hot exhaust gas can be harnessed for a variety of industrial processes.
The Gas Turbine are expected to grow at a CAGR of 10.98% from 14.28 billion USD in 2018 to reach 29.62 million USD by 2025 in global market. The Gas Turbine market is very concerted market; the revenue of top eight manufacturers accounts about 94% of the total revenue in 2017. The high-end products mainly come from USA and Europe.
The leading manufactures mainly are GE, Siemens, MHPS, Ansaldo and Kawasaki. GE is the largest manufacturer; its revenue of global market exceeds 49% in 2018.
There are mainly three type product of Gas Turbine market: Light Duty Type, Aeroderivative Type and Heavy Duty Type.
Geographically, the global Gas Turbine production market has been segmented into USA, Europe and RoW. The USA held the largest share in the global market, its revenue of global market exceeds 59% in 2018.
Asia-Pacific is the largest consumption region of Gas Turbine market; its consumption of global market exceeds 42% in 2018.
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