Gas Turbine Companies significant Growth Rate By BMRC

Published Date : Nov 2022
Author : Pratibha Bhattacharjee
Biography : Sr. content writer at Brand Essence Market Research. Passionate about content curation in the market research vertical. Always striving to create reliable and engaging industry-based content.

Increase in the demand for energy and wide applications is the key factor which helps Gas Turbine Market to grow. Gas Turbine Market is valued at USD 18.0 Billion in 2018 and expected to reach USD 22.3 Billion By 2025 with the CAGR of 3.1% over the forecast period.

North America is expected to dominate the Gas Turbine Market.

North America and Europe is expected to account for the largest market share in the global market. Due to the presence of develop economies such as U.S., Canada, Germany, UK and otherssss are expected to promote the growth of these regions. Furthermore, high number of power plants is present in the region and plants causing excessive pollution are closed by the government to reduce the carbon footprints. Asia Pacific is expected to develop significantly over the forecast period owing to the developing economies such as China, India and others over the forecast period. Increased urbanization, increase in per capita income couple with fast economic growth are expected to gain traction in the near future. Middle East and Latin America is also expected to closely follow Asia Pacific in terms of growth. Africa is expected to develop considerably over the forecast period.

Top Gas Turbine Companies

Ansaldo Energia

Ansaldo Energia established in 1853 and headquarter in Genova, Liguria

Specialties in Gas Turbine, Steam Turbine, Power Plant, Turbogenerator, and Power Generation

Ansaldo Energia is Italy’s largest supplier, installer and service provider for power generation plants and components and one of the world’s leading players in the sector.

Kawasaki Heavy Industries, Ltd.

Kawasaki Heavy Industries, Ltd. Established in 1896 and headquarter in Chuo-ku, Kobe,, Hyogo

Specialties in Mobility, energy, Industrial equipment, leisure and more.

News:Kawasaki Heavy Industries, Ltd. announced that it has held a naming ceremony for the LNG (liquefied natural gas) bunkering vessel "KAGUYA" (Kawasaki hull No.1744) at Sakaide Works. The vessel is being built for Central LNG Shipping Japan Corporation (a corporate joint venture owned by Nippon Yusen Kaisha, Kawasaki Kisen Kaisha, Ltd., JERA Co., Inc. and Toyota Tsusho Corporation).

MAN Diesel & Turbo

MAN Diesel & Turbo headquarter in Augsburg Germany and specialties in development, design, and engineering and manufacturing of large two- and four stroke diesel engine

MAN Energy Solutions is leading the way in advanced engineering for more than 250 years, we provide a unique portfolio of technologies

News: MAN Energy Solutions has won the order to provide 3 × TCT60 turbochargers for the main engines aboard 3 × 158,000 dwt Suezmax tankers owned by Turkish shipowner, Yasa Tanker. MAN B&W 6G70ME-C10.5 prime movers power each vessel. DHSC shipyard in Korea is currently constructing the newbuildings.

Capstone Turbine

Capstone Turbine established in 1988 and headquarter in Van Nuys, CA

Specialties in Microturbines, Power Generation, Energy, CHP, CCHP, Oil & Gas, Hybrid Electric Vehicles (HEV), Mining, Distributed Energy, Secure Power, BioGas, Remote Power, Cogeneration, Renewable Power, Renewable Energy, Green Energy, Energy Efficiency, Microgrids, Resiliency, and Rental Power

Capstone Turbine Corporation® is the world’s leading developer and manufacturer of clean-and-green microturbine power generation systems, and was first to market with its high efficiency air bearing turbine technology. Capstone has shipped thousands of microturbines to customers worldwide

Mitsubishi Power

Mitsubishi Power headquarter in Yokohama, Kanagawa and specialties in Power Generation.

Mitsubishi Power is a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd., whose engineering and manufacturing businesses span energy, infrastructure, transport, aerospace and defense

Bharat Heavy Electricals Limited

BHEL established in 1964 and headquarter in New Delhi

BHEL is one of India's largest engineering and manufacturing enterprises in the energy and infrastructure sectors, and a leading power equipment manufacturer globally. BHEL serves the core sectors of the economy and provides a comprehensive portfolio of products, systems and services to customers in power, transmission, transportation, renewables, water, defence& aerospace, oil & gas, and industry.

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