Asia Pacific Ethanol Fuel Market is estimated to witness a fast paced growth during the forecast period Owing To Need of Fuel

The global Ethanol Fuel Market is expected to reach USD 115.65 billion by 2025, growing at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. Asia Pacific is estimated to witness a fast paced growth during the forecast period. China, India, and Philippines are the key countries that are considered to positively impact the industry growth in the future.

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The government of India is currently drawing efforts on enhancing the use of ethyl alcohol as an automotive fuel. The National Policy on Biofuels was implemented in India in 2009, which stated that the oil manufacturing companies were required to distribute petrol blended with a minimum of 5% ethyl alcohol. Furthermore, this policy proposed a target of 20% increase in the blending rate by the end of 2017 in the country.

Growth of the automotive industry in India is another vital factor that is expected to enhance the consumption of the product over the years ahead. Government of India is focusing on making automobile sector as one of the major drivers of the ‘Make in India’ initiative. The manufacturing output of passenger vehicles is likely to reach approximately 9.4 million units by the end of 2026, as stated by the Auto Mission Plan (AMP) 2016-26.

Significant blending mandates in Australia, China, and Philippines are considered to drive the market demand during the forecast period. Australia currently has an E7 ethanol blending mandate implemented in New South Wales. Furthermore, Australia focuses on reaching a 10% biofuels mandate by the end of 2020. In China, nine provinces have proposed a 10% ethanol blends that include Jilin, Henan, Heilongjiang, Liaoning, and Anhui.

Access Full Research Report on Ethanol Fuel Market: http://www.grandviewresearch.com/industry-analysis/fuel-ethanol-market

Further key findings from the report suggest:

  • In terms of volume, sugar-based segment is expected to rise at a CAGR of 5.4% from 2017 to 2025. In terms of revenue, the product demand is expected to reach USD 24.44 billion by the end of 2025.
  • Technological advancement in the production of ethyl alcohol from lignocellulosic raw materials is expected to propel the industry growth during the forecast period
  • In 2012, DuPont commenced the construction of its cellulosic ethyl alcohol facility in Iowa, U.S., that utilizes corn stover as a raw material source and has an anticipated annual manufacturing capacity of 30 million gallons per year. The construction of this manufacturing plant is anticipated to be completed by the end of 2017.
  • India is likely to witness fast paced growth in terms of product demand over the years ahead. In 2016, the Union Minister of Road Transport & Highways and Shipping announced the Indian Government is focusing on increasing the ethanol blend rate in petrol to 22.5% in the future.
  • Abundant availability of raw material substitutes is estimated to lower the bargaining power of suppliers over the years ahead. Barrier for new entrants is estimated to remain high over the years ahead, as longer duration is required to achieve economies of scale.
  • Companies are focusing on business growth by implementing various growth strategies such as forward and backward integration of business operations, acquisition, technology licensing, and distribution agreements.

Read Our Blog: http://www.grandviewresearch.com/blogs/energy-and-power

Grand View Research has segmented the global fuel ethanol market on the basis of product, application, and region:

Ethanol Fuel Product Outlook (Volume, Million Liters; Revenue, USD Million, 2014 – 2025)

  • Starch-based
  • Sugar-based
  • Cellulosic

Ethanol Fuel Application Outlook (Volume, Million Liters; Revenue, USD Million, 2014 – 2025)

  • Conventional Fuel Vehicles
  • Flexible Fuel Vehicles
  • Others

Ethanol Fuel Regional Outlook (Volume, Million Liters; Revenue, USD Million, 2014 – 2025)

  • North America
    • US.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

 

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Increasing Investment In Power & Energy Industry Is Anticipated To Be The Major Driving Factor Of Pressure Vessel Market Growth

The global pressure vessel market is expected to reach USD 225.84 billion by 2024, according to a new report by Grand View Research, Inc. Increasing investment in energy sector is anticipated to be the major driving factor for the industry growth.

pressure-vessel-market

These vessels are containers designed to hold liquids or gases at high pressure. They have wide applications across various industries including chemicals, oil & gas, petrochemicals, power in the form of compressed air receivers, distillation towers, hot water storage tanks, nuclear reactor vessels, and natural gas storage systems.

They form an integral part of industry infrastructure for safe handling of gases and liquids. Increasing investment to build high performance-infrastructure for oil exploration activities is expected to drive the industry. The tanks are also used to store propane which is a by-product of liquefied gas processing.

Their application as boilers in thermal energy production is further anticipated to augment the industry volume in near future. These boilers are also used for the domestic hot water system. Many companies need water in the purest form and use fractional distillation. Overall product usage in distillation towers is anticipated to provide great opportunities for overall industry growth.

Access Full Research Report On Pressure Vessel Market: http://www.grandviewresearch.com/industry-analysis/pressure-vessel-market

Further key findings from the report suggest:

  • Steel alloy dominated the market with an approximate share of 40% in 2015 and is expected to continue its dominance owing to easy availability of steel and superior qualities. The composite materials sector is anticipated to witness the highest growth over the forecast period. Some composite based vessels are expected to offer better performance than steel, which is expected to increase its preference in the near future.
  • Boilers are anticipated to grow at significant rate over the forecast period on account of its wide industrial applications, especially in fractional distillation. Around one-fourth of the industry in 2024 is expected to be captured by in nuclear reactors on account of increasing atomic energy implementations.
  • Power generation was the leading end-use segment and accounted for 33.5% of total market revenue in 2015. Increasing energy demand has been prompting increasing power generation which is expected to drive this segment over the forecast period.
  • Chemicals manufacturing is anticipated to witness the highest growth rate of 5.8% on account of increasing chemical projects in developing regions including the Middle East and Asia Pacific.
  • Asia Pacific was the leading regional market and accounted for 38.3% of total market revenue in 2015. Growth of power and chemicals industry in China and India coupled with government support to expand power generation capacities are anticipated to drive the regional market.
  • Major players operating in the global industry include Mitsubishi, Larsen & Toubro, Bharat Heavy Electricals, Pressure Vessels India, Samuel Pressure Vessels, Doosan, Babcock and Wilcox, Barton Firtop, and Abbott.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/power-generation-and-storage

Grand View Research has segmented the pressure vessel market on the basis of material, product, end-use and region:

Global Pressure Vessel Material Outlook (Revenue, USD Billion, 2014 – 2024)

  • Steel Alloy
  • Other Alloy
  • Composite

Global Pressure Vessel Product Outlook (Revenue, USD Billion, 2014 – 2024)

  • Boiler
  • Nuclear Reactor
  • Separator
  • Other

Global Pressure Vessel End-Use Outlook (Revenue, USD Billion, 2014 – 2024)

  • Oil & Gas
  • Chemical
  • Power Generation
  • Others

Global Pressure Vessel Regional Outlook (Revenue, USD Billion, 2014 – 2024)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Qatar
  • Central & South America
    • Brazil
    • Venezuela
    • Argentina

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-pressure-vessel-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Increasing Demand For Energy-Efficient And Battery-Powered Devices Is Likely To Propel The Global Market

The global Power Electronics Market is expected to reach USD 39.22 billion by 2025, according to a new report by Grand View Research, Inc. Increased focus on the usage of renewable energy sources has been one of the major factors driving the market. In addition, the development of power infrastructure, coupled with the increasing demand for battery-powered portable devices, has led to the increased adoption of power electronic devices and products across various industry verticals such as power, automotive, communication, aerospace & defense, consumer electronics, and other sectors.

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Power electronic devices use switching electronic circuits to regulate the flow of energy. They are also used in alteration of electric power, which is usually performed by the semiconductor devices such as diodes, transistors, and thyristors. Power electronic devices are useful in connecting renewable energy resources with power grids and transportation of energy. They have applications in electric trains, motor drives, and lighting equipment and play a key role by enabling heat sinking and soft starting of the motors.

The power electronics market is extensively consolidated, in terms of applications and materials that are used to produce power electronic devices. The advancements and exhaustive research & development activities in the power devices have enabled the evolution of power electronics. The market possesses significant potential for growth and is dynamic and adaptive in nature. A few highlighting features of the power electronic devices are durability against coarse environmental conditions, extended life (suitable for rugged industrial applications), and better efficiency & reliability.

The power electronics industry has been undergoing continuous developments and up gradations, since its emergence. Several factors, such as the rapid inception of renewable energy sources and rising adoption of electric vehicles & radio communication, are influencing market growth. The adoption of power electronic devices in healthcare systems & instruments and the automotive industry is expected to drive the market over the forecast period.

The Asia Pacific market is expected to grow at the fastest CAGR of 2.0% from 2017 to 2025, owing to the emergence of manufacturing hubs across the continent. Countries, such as China, India, South Korea and Singapore, are expanding their domestic manufacturing activities across various industry verticals, such as consumer electronics, telecommunication, military & defense, and automotive, to strengthen their economies. In addition to this, prominent industry players are investing and establishing production & distribution units to capture the regional markets. All the above-mentioned factors are further providing additional impetus to power electronics market.

However, the power electronics market is facing challenges such as high initial expenditures and deposition of Gallium Nitride (GaN), Gallium Arsenide (GaAs), and Silicon Carbide (SiC) on the silicon materials which is a quite tedious and complex procedure, especially to reach while in high voltage ranges. Expensive & time-consuming processes and complexity issues involved in manufacturing power devices are anticipated to restrain the market growth.

Browse Full Research Report on Power Electronics Market: http://www.grandviewresearch.com/industry-analysis/power-electronics-market

Further key findings from the report suggest:

  • The global power electronics market was valued at USD 31.48 billion in 2015 and is expected to grow at a CAGR of 2.2% from 2017 to 2025
  • The silicon segment emerged as the largest material segment in 2015 and is estimated to generate USD 28.0 billion by 2025
  • The Integrated Circuit (IC) segment is projected to exhibit the fastest growth rate over the forecast period
  • The industry is projected to witness substantial growth, in the Asia Pacific region, over the next decade, owing to the developments in major and emerging economies (across the ICT, automotive, and consumer electronic sectors) such as China, Japan, South Korea, and India. The regional market is expected to grow at a CAGR of 2.8% from 2017 to 2025.
  • The key players, such as Texas Instruments, Inc., Renesas Electronics Corp, Mitsubishi Electric Corp., Fuji Electric Co., Ltd., and Infineon Technologies AG, dominated the global power electronics market and accounted for 60% of the total revenue in 2015

Read Our Blog: http://www.grandviewresearch.com/blogs/semiconductors-and-electronics

Grand View Research has segmented the global power electronics market based on materials, devices, applications, and regions:

Material Outlook (Revenue, USD Billion, 2014 – 2025)

  • Silicon
  • Sapphire
  • Silicon Carbide (SiC)
  • Gallium Nitride (GaN)
  • Others

Device Outlook (Revenue, USD Billion, 2014 – 2025)

  • Discrete
  • Module
  • IC

Application Outlook (Revenue, USD Billion, 2014 – 2025)

  • ICT
  • Consumer Electronics
  • Power
  • Industrial
  • Automotive
  • Aerospace & Defense
  • Others

Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • South America
    • Brazil
  • Middle East & Africa

Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-power-electronics-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Power Transformer Market Is Expected To Grow At A Approx. CAGR of 5.9% from 2014 to 2020: Grand View Research, Inc.

The global Power Transformer Market size is expected to reach USD 28.22 billion by 2020, according to a new report by Grand View Research, Inc. Emerging technological advancements along with rising electricity consumption are projected to elevate industry growth over the next five years. Huge investment in power plant infrastructure coupled with increasing demand for smart meters is projected to positively impact demand. Further, several government initiatives for modernizing the existing grids combined with installation of technologically advanced systems is anticipated to drive power transformer market growth.

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Increasing awareness regarding low carbon emission due to service expansions in resource-based industries is anticipated to offer prominent growth opportunities for the industry. Advanced features offered by eco-friendly devices are projected to replace traditional transformers, which are not compatible with current technical and environmental requirements. However, pricing pressure on manufacturing companies coupled with fluctuating raw material prices are expected to hamper growth.

Access Full Research Report on Power Transformer Market: http://www.grandviewresearch.com/industry-analysis/power-transformers-market

The power transformer market can be classified on the basis of products into 100 MVA to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA. Increased usage of 100 MVA to 500 MVA products in transmission and distribution network for step-up and step-down application is expected to drive global demand. High capacity product demand in the Middle East and Asia Pacific is estimated to drive revenue.

Asia Pacific is expected to dominate the industry owing to factors such as economic, industrial and social development in the countries such as China and India. Asia Pacific power transformer market is anticipated to grow at a CAGR of over 6.0% from 2014 to 2020. Replacement of aging power infrastructure in North America and Europe is estimated to boost volume sales in these regions. Further, various initiatives undertaken by European nations in order to deploy green transformers are projected to positively impact demand.

Notable players in the industry include GE Co., Alstom SA, Crompton Greaves Ltd, Toshiba Corp., Siemens AG, ABB Ltd, Hyundai Heavy Industries Co. China XD Electric, TBA Co Ltd, and Mitsubishi Electric Co. Companies operating in the power transformer market have to comply with varied regulations related to performance, environment and efficiency.

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-power-transformers-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Rapid Development Of Pipeline Infrastructures, Increasing Demand For Natural Gas is To be driving factors for Liquid Natural Gas Market

The global Liquid Natural Gas (LNG) Market is expected to reach USD 20.6 billion by 2025, growing at a CAGR of 12.7%, according to a new report by Grand View Research, Inc. Rising focus on development and expanding gas pipeline infrastructure and growing demand for natural gas from downstream sectors is a crucial driving factor for the industry.

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Decreasing LNG prices along with execution of favorable government rules and regulations, which are attracting FDIs & tax schemes are also conducive to industry growth. Cumulative emphasis of adequate support infrastructure in numerous economies is anticipated to enhance product demand in the construction sector, since the product is used in building equipment.

On the contrary, insufficient channel infrastructure is supplementing demand for small scale projects to source natural gas for key consumers in remote areas, specifically in the power generation and industrial manufacturing verticals. Rapid urbanization, industrialization and increasing projects supporting power, gas & petrochemical distribution are projected to positively provide stimulus to the industry.

Power generation accounted for 46% of the volume share in 2016, and is anticipated to grow at over 6.9% CAGR from 2017 to 2025. Power generation plants are gradually shifting from naphtha-based feedstock towards LNG in order to provide cost-competitiveness and enhanced delivery times while also receiving support in the form of favorable regulations encouraging these trends.

Access Full Research Report on LNG Market: http://www.grandviewresearch.com/industry-analysis/liquefied-natural-gas-lng-market

Further key findings from the report suggest:

  • The global LNG market demand exceeded 265 million tons in 2016 and is expected to grow at a CAGR of 6.5% from 2017 to 2025
  • Transportation is emerged as the largest application in 2016 and is estimated to generate revenue over USD 3.6m billion by 2025 owing to widespread adoption of sustainable resources in place of conventional fuels
  • Prices in North America are expected to be dependent upon the Henry Hub model, while demand in South Africa is likely to continue being unpredictable on account of civil unrest and fluctuating supply dynamics
  • Europe is likely to witness moderate progress with rising competition from Russia and Norwegian piped natural gas (PNG). Africa is expected to remain a rapidly developed market with new production strategies in the Cameroon and development anticipated in Mozambique.
  • Asia Pacific consumption patterns are projected to remain exponentially high over the next decade owing to various developments across emerging economies, especially in the power generation and transportation market. The region is expected to grow at a CAGR of 6.5% from 2016 to 2025
  • Key players including Chevron, Exxon Mobil, PetroChina, Total SA, Stat oil, Eni S.p.A., BP plc, Royal Dutch Shell, Conoco Philips and CPCC dominated the sector accounting for over 60% of the total volume in 2016

Read Our Blog: http://www.grandviewresearch.com/blogs/energy-and-power

Grand View Research has segmented the global liquefied natural gas market on the basis of application, and region:

LNG Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Power Generation
  • Transportation Fuel
  • Mining & Industrial Applications

LNG Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Qatar

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-liquefied-natural-gas-lng-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Growth Of Drilling And Exploration Activities On A Global Level Has Positive Impact On The Industry

The global Mining Lubricants Market is expected to attain USD 3.09 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 4.6% over the forecast period, owing to rising demand for mining lubricants as it helps in reducing the downtime due to frequent oil changes, maintenance and components failures as well as economizing high cost of equipmentwill propel industry expansion over the forecast period.

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Growth of drilling and exploration activities on a global level, as well as increased demand for mining equipment has a direct and positive impact on mining lubricants demand. In addition, Stringent regulations imposed by government bodies towards environment protection are anticipated to augment the demand for bio-based lubricants.

Automatic lubrication systems provide an exact amount of lubricants including oil or grease to moving parts such as bearings to reduce friction and wear. The market for automatic lubrication systems is anticipated to fuel the demand for mining lubricants as the companies are taking various initiatives to increase their presence in the market owning to better labelling and appropriate specifications of their synthetic lubricants.

Iron ore mining accounted for 23.5% of the overall share in 2016 and is likely to witness substantial growth as a result of increased demand for steel in developing nations mainly China and India as well as dependence on steel for construction and transportation purposes.

Access Full Research Report on Mining Lubricants Market: http://www.grandviewresearch.com/industry-analysis/mining-lubricants-market

Further key findings from the report suggest:

  • Mineral oil lubricant is likely to witness significant rise at a CAGR of 3.8% from 2017 to 2025 as a result of their hydrophilic properties and solvency. Moreover, these lubricants are obtained from the distillation of crude, which are quick to dispose and reuse on account of an existing infrastructure in place.
  • Asia Pacific was the dominant market and accounted for 43.54% of the overall share in 2016. Iron is the most widely used refractory metals, its demand in developing nations like India and China is fueling the demand for iron ore mining, which in turn is anticipated to augment the demand for the product in Asia Pacific.
  • Countries including Germany and japan are switching to coal consumption on account of phasing out of nuclear power in Germany while the occurrence of Fukushima accident in Japan, thus driving the demand for product over the forecast period.
  • Key participants dominating the industry includes Shell PLC., British Petroleum., ExxonMobil Corp., Sinopec, Lukoil, Chevron Corp., Schaeffer Manufacturing Company, Fuchs Petrolub SE, Kluber Lubrication, and Quaker Chemical Corporation.
  • Product differentiation along with threat of forward integration by manufacturers to distribute mining lubricants and to capture market share is anticipated to result in high industry rivalry in the product’s market over the forecast period. In addition, possible entry of new players is further expected to intensify rivalry in the industry.
  • In January 2014, Idemitsu began sale of lubricant products in Vietnam, following completion of its lubricant blending plant in December 2013.
  • In January 2015, Whitmore Manufacturing Company partnered with Gulf Oil Lubricants India Limited, which will exclusively launch Whitmore Lubricants in Indian Market. This move will widen the product offering to the sectors including mining, minerals and metals, construction, power and cement for both the companies.

Grand View Research has segmented the mining lubricants market on the basis of product, application, and region:

Mining Lubricants Product Outlook (Volume, Revenue, USD Million, 2014 – 2025)

  • Mineral oil lubricants
  • Synthetic lubricants
  • Bio-based lubricants

Mining Lubricants Application Outlook (Volume, Revenue, USD Million, 2014 – 2025)

  • Coal mining
  • Bauxite mining
  • Iron ore mining
  • Precious metals mining
  • Rare earth mineral mining
  • Others

Mining Lubricants Regional Outlook (Volume, Revenue, USD Million, 2014 – 2025)

  • North America
    • US.
  • Europe
    • Russia
  • Asia Pacific
    • China
  • Central & South America
    • Brazil
  • Middle East & Africa

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-mining-lubricants-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Gas Turbine Market is Going To Exceed USD 30.08 Billion By 2025: Grand View Research, Inc.

The global Gas Turbine Market size is expected to reach USD 30.08 billion by 2025, according to a new report by Grand View Research, Inc. The increasing availability of natural gas for power generation, expanding oil & gas industry, awareness regarding flexible resources for energy production based on renewable energy sources are some of the key factors expected to play a significant role in propelling the global demand.

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Even though the demand for natural gas as a fuel for new capacity additions is fast catching up, its limited availability is expected to pose a significant challenge. Geopolitical issues are another major factor, which is likely to affect the natural gas supply.

Turbines with capacity ≤200 MW are likely to maintain the highest market share due to rising demand for flexible power generating units and rapidly growing oil & gas industry. Easily available financing prospects for small power plants are another factor supporting the growth of low capacity turbines.

The market is consolidated with top five market players accounting for over 65% market share. Being a mature market, market participants focus on post-sales services to remain competitive. Mergers and acquisition is a key strategy implemented. One such example is the acquisition of Alstom’s power and grid business by GE.

Browse Full Research Report on Gas Turbine Market: http://www.grandviewresearch.com/industry-analysis/gas-turbine-market

Further key findings from the report suggest:

  • The global gas turbine market demand was over 60,000MW in 2015 and is expected to grow at an estimated CAGR of 4.3% from 2016 to 2025
  • Power generation was the largest application segment in 2015 and is likely to continue the trend during the forecast period
  • Due to Fukushima nuclear disaster, Japanese government is now focusing on R&D for combined cycle power plant
  • Iraq government tied up with General Electric to set up 3,000MW gas power plant
  • Asia Pacific is expected to grow at a CAGR of 5.4% in terms of revenue over the forecast period and is expected to be the fastest growing region
  • Europe is expected to grow at an estimated CAGR of 4.9% in terms of revenue from 2016 to 2025
  • Major players operating in the global gas turbine market include General Electric Company, Siemens AG, Kawasaki Heavy Industries, Ltd., Ansaldo Energia S.P.A., Bharat Heavy Electricals Limited, Opra Turbines B.V., Solar Turbines Incorporated, etc.

Read Our Blog: http://www.grandviewresearch.com/blogs/energy-and-power

Grand View Research has segmented the global gas turbine market on the basis of capacity, technology, application and region:

Capacity Outlook (Capacity, Mega Watts; Revenue, USD Million, 2014 – 2025)

  • ≤200 MW
  • >200 MW

Technology Outlook (Capacity, Mega Watts; Revenue, USD Million, 2014 – 2025)

  • Open Cycle
  • Combined Cycle

Application Outlook (Capacity, Mega Watts; Revenue, USD Million, 2014 – 2025)

  • Power Generation
  • Industrial
  • Aviation

Regional Outlook (Capacity, Mega Watts; Revenue, USD Million, 2014 – 2025)

  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Middle East and Africa
    • Saudi Arabia
  • Central & South America
    • Brazil

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-gas-turbine-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com