1 / 6

Gas Turbine Service Market Update, Analysis, Forecast, 2022 – 2030

Gas Turbine Service industry 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.

Sh_23
Télécharger la présentation

Gas Turbine Service Market Update, Analysis, Forecast, 2022 – 2030

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Gas Turbine Service Market Update, Analysis, Forecast, 2022 – 2030 • The Gas Turbine Service Market is thus projected to witness an upward trend, owing to the increasing pipeline of gas-fired power plants in developed economies. According to a Global Market Insights Inc. report, the gas turbine service industry from the overhaul segment will depict a growth rate of 7.6% through 2030. • Gas turbine service providers are specialized in the repair, maintenance, and overhaul of turbines for applications that have risks of corrosion. Oil and gas producers, for example, are increasingly relying on gas turbine overhaul services to reduce downtime and increase productivity. • In April 2022, the Biden administration also launched a $6 billion effort to upgrade nuclear power plants at risk of closing to ensure carbon-free power generation and combat climate change. This strong focus on upgrading nuclear power plants to generate clean electricity could potentially repower aging fleets of gas turbines and subsequently add impetus to the gas turbine service market across the U.S. Global Market Insights Inc. © 2022 All Rights Reserved www.gminsights.com

  2. While overall natural gas-fired power generation is expected to increase by 1% in 2021, there was more than a 20% surge in the first 5 months of 2021 in the EU as compared to a year earlier, based on data from the EIA. These factors, alongside the potential rise in acceptance of low-carbon fuels like hydrogen for power plants, could support the business growth of gas turbine parts and services providers. • In August 2021, Siemens received an order from India-based Oil and Natural Gas Corporation Limited to overhaul 18 units of RT48S and RT56 power turbines and bring them to zero-hour status. This overhaul was intended to allow the turbines to function for another 100,000 hours before the next overhaul, resulting in safe and reliable operations of turbine units. • High operating temperatures of gas turbines, an efficient source of mechanical power, are creating the need for planned inspection, maintenance, and refurbishment processes. Global Market Insights Inc. © 2022 All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3614 Global Market Insights Inc. © 2022 All Rights Reserved www.gminsights.com

  4. Regional Analysis • According to the U.S. EIA (Energy Information Administration), over 27.3-GW of new natural gas-fired power generation capacity is expected to enter operation in 2022-2025, a 6% hike from the capacity of 489.1-GW as of August 2021. • In the U.S., the administration has demonstrated a strong commitment to achieving a net-zero footprint and curbing climate impacts. For example, President Joe Biden has pledged to cut greenhouse gas emissions by 50% to 52% by 2030. To that end, in November 2021, the PREPARE (President’s Emergency Plan for Adaptation and Resilience) was launched to provide $3 billion annually by the fiscal year 2024 to mitigate climate impacts. • Competitive Analysis • Siemens, General Electric, Mitsubishi Heavy Industries, Ansaldo Energia, MAN Energy Solutions, Kawasaki Heavy Industries, UEC-Saturn, Baker Hughes Company, Caterpillar, Opra Turbines, VERICOR, MTU Aero Engines AG, Zorya-Mashproekt, EthosEnergy, PROENERGY, MJB International LLC, Sulzer, and Centrax Gas Turbines. Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/3614 Global Market Insights Inc. © 2022 All Rights Reserved www.gminsights.com

  5. Latest Research Report On Gas Turbine Service Market @ https://www.gminsights.com/industry-analysis/gas-turbine-service-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/3614 Request for customization: https://www.gminsights.com/roc/3614 Global Market Insights Inc. © 2022 All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

More Related