Gas Turbine Market Boost The Industry Growth at a CAGR Of 4.8% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 16 October 2019: The Report Gas Turbine Market Size, Share & Trends Analysis Report By Capacity (≤200 MW, >200 MW), By Technology (Open Cycle, Combined Cycle), By Application (Power Generation, Industrial, Aviation), And Segment Forecasts, 2018 – 2025 The global gas turbine market size is projected to reach USD 30.08 billion by 2025, according to a new report by Grand View Research, Inc., witnessing a CAGR of 4.8% during the forecast period. The market is expected to be driven by increasing pressure from international agencies to reduce carbon footprint, along with low shale gas prices. Incentives provided by regional governments to gas-based power generation companies to combat increasing carbon footprints are likely to drive market growth. Gas turbines witnessed a distinctive increase in 2015, hinting a change in policies by power generators to capitalize on low gas prices. Some of the largest gas turbine shipments are estimated to be heading toward