Gas Turbine Market (By Capacity: > 500 KW to 1 MW, > 1 MW to 30 MW, < 50 KW, 50 KW to 500 KW, > 30 MW to 70 MW, > 70 MW to 200 MW, > 200 MW; By Technology: Combined Cycle, Open Cycle; By Application: Process plants, Power Plants, Oil & Gas, Aviation, Marine; By Product: Heavy Duty, Aero-Derivative) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027
The gas turbine market size estimated at US$ 5.89 billion in 2019 and expected to hit around US$ 12.03 billion by 2027 with a CAGR of 7.4% from 2020 to 2027.
Growing concerns for GHG emission in accordance with severe government regulations for implementation of gas fired turbines over conventional power generating units is expected to p