Pune, India -- (SBWIRE) -- 11/18/2020 -- The global industrial gas turbine market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled "Industrial Gas Turbine Market Size, Share & Industry Analysis, By Capacity (1-2MW, 2-5MW, 5-7.5MW, 7.5-10MW, 10-15MW, 15-20MW, 20-30MW, 30-40MW, 40-100MW, 100-150MW, 150-300MW, 300+MW), By Sector (Electric Power Utility, Oil & Gas, Manufacturing), By Technology (Heavy Duty, Light Industrial, Aeroderivative), By Cycle (Open Cycle, Combined Cycle) and Regional Forecast, 2019-2026". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.

For more information, View Summary @ https://www.fortunebusinessinsights.com/industry-reports/industrial-gas-turbine-market-100921

The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other industrial gas turbine market trends. The report is available for sale on the company website.

List of Top Key Players Mentioned:

General Electric
Siemens
Rolls-Royce plc.
Mitsubishi Hitachi Power Systems Ltd.
Ansaldo Energia
Kawasaki Heavy Industries Ltd.
Caterpillar
Capstone Turbine Corporation
Man Energy Solutions
Opra Turbines
Centrax Gas Turbines

"Growing Need to Contain GHG Emissions from Power Plants to Boost the Market"

Gas turbines refer to engines that convert mechanical energy to electric energy through the combustion of natural gas and other liquid fuels that drives a generator. Electricity thus generated is supplied to businesses and households using power lines. These turbines produce power more efficiently compared to traditional power plants and are, therefore, in high demand. This is a major factor that will drive the global industrial gas turbine market growth in the forecast period. Conventional coal-fired power plants have been known to emit large amounts of toxic gases, speeding up the process of global warming. For example, the International Energy Agency's Global Energy and CO2 Status Report of 2018 finds that coal-fired power plants were the largest contributor to emissions in 2018, increasing at a rate of 2.9% from 2017. Moreover, the report also states that 30% of global CO2 emissions in 2018 were as a result of coal-generated electricity. Thus, the urgency to develop cleaner techniques to generate electricity is expected to ramp up the demand for industrial gas turbines in the coming decade.

Regional Analysis for Industrial Gas Turbine Market:

North America (the USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Major Table of Contents for Industrial Gas Turbine Market:

Introduction
Executive Summary
Market Dynamics
Key Industrial Gas Turbine Market Insights
Global Market Analysis, Insights and Forecast, 2015-2026
North America Market Analysis, Insights and Forecast, 2015-2026
Europe Market Analysis, Insights and Forecast, 2015-2026
Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
Latin America Market Analysis, Insights and Forecast, 2015-2026
Competitive Landscape
Global Industrial Gas Turbine Market Revenue Share Analysis, By Key Players, 2020
Company Profiles
Conclusion