PPT for Industrial Gas Turbine Market

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Industrial Gas Turbine Market Demand Industry
Analysis, 2016 2024 Fractovia.org
Industrial Gas Turbine Market Size By Product
(Heavy Duty, Aeroderivative), By Capacity ( 70
MW, 70-300 MW, 300 MW), By Technology (Open
Cycle, Combined Cycle), By Application (Power
Generation, Oil Gas, Other Manufacturing),
Industry Analysis Report, Regional Outlook (U.S.,
Canada, Mexico, UK, Russia, Italy, Germany,
France, China, India, Japan, South Korea, Saudi
Arabia, UAE, Egypt, Algeria, Brazil, Argentina),
Price Trends, Competitive Market Share
Forecast, 2016 2024
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Overview

• Industrial Gas Turbine Market size will exceed
  USD 18 billion by 2024
• Growing efforts to curb the hazardous impact of
  carbon emissions on the environment will enhance
  Industrial Gas Turbine Market expansion.
• Strict government norms to maintain the
  ecological balance has resulted in the setting up
  of new gas fired power stations, which is likely
  to positively influence the industry demand.
• In a bid to promote the usage of clean and
  reliable energy, in November 2015, the UK
  government, took a decision to replace all its
  coal fired power stations with gas fired power
  stations.
• Industrial gas turbine industry in oil gas
  application segment is likely to grow at an
  annual rate of 8 over 2016-2024, driven by the
  high spending on offshore exploration
  production activities.

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U.S. Industrial Gas Turbine Market, by Capacity,
2013 - 2024 (GW)
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Product Trends

• Heavy duty accounted for over 80 of the 2015
  global industrial gas turbine market share.
  Development of high capacity cogenerating
  facilities to cater the growing electricity
  demand coupled with measure to curb GHG emissions
  will embellish the industry outlook. In 2016,
  Mexico based Altamira power station has deployed
  Siemens H-class technology across its 350 MW
  generating facility.
• International Maritime Organization (IMO) has
  introduced TIER III regulations to reduce the NOx
  emissions from marine diesel engines installed on
  new constructed ships on or after 1st January
  2016. These norms are currently imposed to the
  U.S. Caribbean Sea and North American Emission
  Control Areas (ECAs). Industrial gas turbine
  market share from oil and gas is anticipated to
  expand over 8 by 2024. Rising EP activities
  across deep and ultradeep sea bed will complement
  the business outlook.

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Regional Trends

• U.S. industrial gas turbine market is anticipated
  to exceed 14 GW by 2024. Federal government
  initiatives to expand the penetration of natural
  gas fired station will augment the industry
  outlook. In 2015, EIA had projected that the by
  2025 more 30 of total U.S. electricity
  production will come from natural gas.
• France industrial gas turbine market for 2015 was
  valued over USD 120 million. In 2015, regulators
  had introduced Energy Transition for Green Growth
  legislation targeting to reduce the emission
  level by 40 by 2030 from 1990 levels.
• Key participants in industrial gas turbine market
  include Solar Turbines Incorporated, Kawasaki
  Heavy Industries, Harbin Electric Company
  Limited, Siemens AG, Mitsubishi Hitachi Power
  Systems, and MAN Diesel Turbo SE.

Competitive Trends
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