Gas Turbine Electrical Power Generation Market -Trends & Forcast :2024
The use of gas turbines for generating electricity is a technology dating back many years. These turbines are a kind of internal combustion (IC) engine where an air fuel mixture is burnt to generate hot gases. Download the Exclusive Report Sample Here :http://bit.ly/2jWYSj3
The use of gas turbines for generating electricity is a technology dating back many years. These turbines are a kind of internal combustion (IC) engine where an air fuel mixture is burnt to generate hot gases.
Download the Exclusive Report Sample Here :http://bit.ly/2jWYSj3
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Transparency <strong>Market</strong> Research<br />
<strong>Gas</strong> <strong>Turbine</strong> <strong>Electrical</strong> <strong>Power</strong><br />
<strong>Generation</strong> <strong>Market</strong> - Global Industry<br />
Analysis, Size, Share, <strong>Trends</strong>, Analysis,<br />
Growth and Forecast, 2016 - <strong>2024</strong><br />
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REPORT DESCRIPTION<br />
The use of gas turbines for generating electricity is a technology dating back many years. These turbines are a kind<br />
of internal combustion (IC) engine where an air fuel mixture is burnt to generate hot gases. The hot gases are then<br />
used to rotate this turbine and in turn generate electricity. Such turbines are able to combust a large variety of fuels<br />
like natural gas, fuel oil and other synthetic oils. <strong>Power</strong> generation through gas turbines still remains one of the<br />
cleanest forms of energy, with very low levels of emission.<br />
Download the Exclusive Report Sample Here:http://bit.ly/2jWYSj3<br />
The high quality of exhaust heat from such turbines can also be harnessed for heating purposes. Such power plants<br />
are usually employed for providing electricity grid relief and power supply during peak consumption hours. However<br />
with technological advancements these plants are now also being utilized for supplying base loads. Very fast startup<br />
times for these plants also provide opportunities for using them as backup generation for emergencies.With shale<br />
gas and coal bed methane being considered as valuable sources of energy for the future, the opportunities of this<br />
market are substantial. Certain factors like increasing cost of both oil and natural gas as well as increased drive for<br />
renewables in most nations may prove to be barriers to growth. However demand for gas or oil based generation is<br />
not likely to slow down in the near future specially in OECD countries.<br />
There are many ways in which such turbines can be used for generation of electricity and other forms of useful<br />
energy. <strong>Gas</strong> turbines for electricity generation may be segmented into open cycle gas turbines (OCGT) and<br />
combined cycle gas turbines (CCGT). Such turbines can also be segmented on basis of fuel consumed for generating<br />
power. The fuels that may be considered are natural gas, fuel oil, kerosene and diesel among others.<br />
Majority of plants using theses turbines are clustered around regions where fuel to run them are abundantly<br />
available. However with global trade of oil and natural gas growing and peak demand problems becoming more<br />
acute more nations are opting for such power plants. China is emerging as the leading energy consumer of the world<br />
thus increasing the prospects of using this source of generation in the Asia Pacific region. Also contributing to<br />
installations will be Japan who have replaced nuclear generation after the Fukishima disaster with oil and natural gas<br />
generation. In the OECD countries the majority chunk of thermal generation comes from such power plants. Use of<br />
such power plants is predominant in Middle Eastern, Eurasian and North American regions. The regional<br />
segmentation for these turbines will be done as North American, Middle Eastern, Asia Pacific and rest of the world<br />
(ROW).
Some of the key players in this industry include NYE Thermodynamics Corporation, Mitsubishi <strong>Power</strong> Systems Europe<br />
Ltd., Siemens, Doosan Heavy Industries & Construction Co Ltd., and MJB International among others.<br />
This research report analyzes this market depending on its market segments, major geographies, and current<br />
market trends.<br />
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Geographies analyzed under this research report include<br />
-North America<br />
-Asia Pacific<br />
-Europe<br />
-Rest of the World<br />
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