Lewes, DE -- (SBWire) -- 03/18/2016 --The global gas turbine market is expected to decline in the coming years. Concerns over global warming and carbon emissions have led many countries to adopt stringent emissions regulations, encouraging the use of renewable energy sources for power generation. Gas is the cleanest fossil fuel, and is being increasingly used to support the intermittent generation from renewable sources. However, despite strong demand in many countries, the growth of gas-fired power will be restricted in the long term due to limited fuel availability and fluctuating prices. The majority of the market revenue will come from the US, along with emerging economies in the Middle East, Africa and Asia, which will account for the majority of gas turbine revenue in the near future.
Gas Turbines for Thermal Power, 2014 Update – Global Market Size, Average Pricing, Equipment Segmentation and Competitive Landscape Analysis to 2020 report provides in-depth analysis of the gas turbine market at global and country level.
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