Gas Turbine Market Is Likely To Up Demand At A USD 38.80 Billion By 2030
San Francisco, 23 June 2022: The Report Gas Turbine Market Size, Share & Trends Analysis Report By Capacity (≤200 MW, >200 MW), By Technology (Open Cycle, Combined Cycle), By End Use (Industrial, Power & Utility), By Region, And Segment Forecasts, 2022 - 2030 The global gas turbine market size is projected to reach USD 38.80 billion by 2030, registering a CAGR of 6.2% over the forecast period, according to a new report by Grand View Research, Inc. Supportive policies majorly determine the increasing demand for gas turbines in developing markets, such as Combined Heat and Power (CHP) support scheme executed by Germany. Rapid technological advancements in the energy industry, combined with a shift in focus toward distributed power production technologies, are propelling the worldwide market forward. This market is predicted to expand rapidly during the forecast period, owing to increased government backing for power production technologies that minimize carbon dioxide