Lewes, DE -- (SBWIRE) -- 10/10/2016 -- Report forecast the global aeroderivative gas turbine market to grow at a CAGR of 4.59% during the period 2016-2020.

Gas turbines are primarily used in gas-fired power plants; these plants include an internal combustion engine, wherein the fuel is mixed with air, causing ignition. The resultant high-temperature gas is directed toward a gas turbine through a nozzle, which causes the turbine to rotate. Aeroderivative gas turbines find wide application in various end-user segments, such as mobility power generation (primarily composed of marine and aeronautical applications); and oil and gas, food processing, paper and pulp, and chemical industries.

The report covers the present scenario and the growth prospects of the global aeroderivative gas turbine market for 2016-2020. To calculate the market size, the report determines the installed capacity and price of gas turbines in various regions.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the key drivers for market growth will be increased power-to-weight ratio of aeroderivative gas turbines. The high power-to-weight ratio is one of the main characteristics of aeroderivative gas turbines. The power-to-weight ratio has been constantly improving for the last five decades. A 4,000% increase in the power-to-weight ratio has been registered since 1941. The US Navy, in the year 1941, designed the Iowa class battleships. These class battleships generated almost 212,000 shaft HP by utilizing a 4,443 tons steam plant. These figures translate into a power-to-weight ratio of 47.7 shp per ton. In current day scenario, four GE LM2500s or Rolls-Royce MT-30 gas turbines with machinery weight 118 tons can generate the same power output. The figures correspond to a power-to-weight ratio change from 47.7 shp per ton to 1,800 shp per ton. This is a significant reason for steam turbines to be increasingly replaced by gas turbines.

Further, the report states that the over-reliance on aeroderivative gas turbines for mobility and power generation is one of the main challenges faced by the growing global aeroderivative gas turbine market. This exposes consumers to the risk of volatility in natural gas prices. To safeguard power prices from price fluctuations, utilities always seek to maintain a balanced feedstock portfolio. However, in the present scenario, the reliance on natural gas is continuously increasing due to the rapid shift toward gas turbine and natural gas-driven power plants for cleaner modes of power generation and propulsion systems.

Global Aeroderivative Gas Turbine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global aeroderivative gas turbine market: GE, Mitsubishi Hitachi, Siemens, Vericor, and Zorya.

Market driver
- Rising cogeneration applications for aeroderivative gas turbines
- For a full, detailed list, view our report

Market challenge
- Irregularities in natural gas reserves and supplies
- For a full, detailed list, view our report

Market trend
- Rise in distributed power generation
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 75 pages "Global Aeroderivative Gas Turbine Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by design type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-aeroderivative-gas-turbine-market-2016-2020

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