Gas Turbine Market Analysis, Research and Trends Report 2022- 2028
Gas Turbine Market analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.
The industry share in Europe is poised to expand at a substantial rate of 8.7% through 2028. The rise can be credited to an increase in capacity expansion initiatives by various market players.
Request for a sample copy of report: https://www.gminsights.com/request-sample/detail/1181
Numerous companies in the aviation industry are signing contracts and agreements for the expansion of their production capacities and the introduction of new products. Considering an instance, in March 2022, Rolls-Royce and Air bp entered an agreement. The transaction was centered on the reduction of lifecycle carbon emissions for gas turbine tests conducted at three sites.
The deal was further aimed at ensuring the deployment of a 10% SAF (Sustainable Aviation Fuel) blend for engine testing at Rolls-Royce units in Germany and the U.K.
Quoting an instance, in September 2021, OPRA Turbines B.V. signed a distribution agreement with Silent-Power AG. The deal focused on the extension of the latter’s ECONIMO product line.
The Asia Pacific Gas Turbine market size is set to witness considerable expansion owing to an upsurge in the research initiatives and MoUs in the region.
Considering an instance, in June 2021, IHI Corporation and GE inked a memorandum of understanding (MoU) for the collaborative development of their Ammonia Roadmap, focused on the gas turbine business. The initiative would support the usage of ammonia as a carbon-free fuel for the reduction of lower carbon emissions in new as well as existing turbines.
Furthermore, under the MoU, both the companies would conduct research pertaining to the marketplace volume of ammonia. Additionally, they would also undertake feasibility studies for ammonia as feedstock for the installation of gas turbine power plants in Japan and across the Asian continent.
The COVID-19 pandemic has led to an increase in government-imposed restrictions and lockdowns, leading to a halt in industrial operations and temporarily affecting business growth. However, the increasing integration of renewable sources and the growing deployment of sustainable energy resources are expected to drive gas turbine market share over the ensuing years.
Some of these key players include Capstone Green Energy Corporation, Mitsubishi Heavy Industries, Solar Turbines, UEC Saturn, Baker Hughes Company, Kawasaki Heavy Industries, Harbin Electric Corporation, Siemens, Nanjing Turbine & Electric Machinery, and others
Browse report summary @ https://www.gminsights.com/industry-analysis/gas-turbine-market
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com