APAC Gas Turbine Market size is set to register a significant CAGR between 2020 and 2026, according to a latest forecast report by Graphical Research.
The Asia Pacific industry growth is due to the renewable energy integration along with deployment of new electrical infrastructure. Rapid advancements in technology of gas turbines together with increasing focus toward distributed power generation systems will complement the industry landscape. Shifting focus toward combined cycle gas turbine power technology together with increasing applicability of gas-powered units across drilling & extraction techniques will fuel the product demand. Rising demand for natural gas-fired power plants coupled with increasing efforts toward energy optimization.
50 kW - 500 kW capacity based units is anticipated to rise on account of their wide applicability across process manufacturing industries and power plants. Ongoing technological advancements across these units through evolving combustor technology and durability in line with expansion of active re-generative systems to resist large heat requirements will fuel the product deployment. Moreover, increasing focus toward combined cycle energy generation plants on account of high efficiency and operational performance will complement the industry landscape.
Browse detailed statistical insights from the report, “Asia Pacific Gas Turbine Market Forecast 2026 By Technology (Open Cycle, Combined Cycle), By Capacity (< 50 KW, 50 KW to 500 KW, > 500 KW to 1 MW, > 1 MW to 30 MW, > 30 MW to 70 MW, > 70 MW to 200 MW, > 200 MW), By Product (Aero-Derivative, Heavy Duty), By Application (Power Plants, Oil & Gas, Process plants, Aviation, Marine), Research Report, Country Outlook (China, Japan, Australia, India, South Korea, Indonesia), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Heavy duty gas turbine market will observe a significant momentum on account of high capacity operations along with lower pressure ratios to produce maximum precise output power. Rising demand of these turbines across heat recovery power generating plants to reduce turbine cost & dimensions coupled with enhanced life cycle will positively sway the industry insights. Ongoing technological advancements of these units for improved efficiency and flexibility enhancements across traditional heat generation systems will accelerate the industry potential.
Power plant-based gas turbine industry will escalate owing to of ongoing efforts to modernize and improve the existing industrial infrastructure coupled with implementation of low GHG emission energy resources. Increasing infrastructure costs along with government regulations and norms to strengthen the renewable energy mix across the overall energy production will complement the business scenario. Growing demand for refurbishment of electrical grid infrastructure together with positive outlook towards gas-based power generation will fuel the product demand.
India gas turbine market is set to witness positive gain on account of increasing inclination toward combined cycle gas turbine power plant capacity additions and ongoing expansion of huge capacity gas-fired power plants. Growing need to restoration of aging coal-fired power plants to reduce the emissions will propel business growth. Rising demand to replace conventional high carbon footprint power plants coupled with ongoing restructuring of electrical infrastructure will augment the business landscape.
The APAC gas turbine market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:
Asia Pacific Market, By Capacity
- < 50 kW
- 50 kW to 500 kW
- > 500 kW to 1 MW
- > 1 MW to 30 MW
- >30 MW to 70 MW
- > 70 MW to 200 MW
- > 200 MW
Asia Pacific Market, By Product
- Heavy Duty
Asia Pacific Market, By Technology
- Open Cycle
- Combined Cycle
Asia Pacific Market, By Application
- Power Plants
- Oil & Gas
- Process Plants
The above information has been provided for the following countries:
- South Korea