Gas Turbine Upgrades for Performance Enhancement Market
Gas Turbine Upgrades for Performance Enhancement Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2029 - (By Turbine Cycle Coverage,By Upgrade Type Coverage, By Geography, Leading Companies)
Published Date: Oct 2022 |
Format:
| No. of Pages: 160
Industry: Energy & Natural Resources | Author Name: Harshad
FAQ : Gas Turbine Upgrades for Performance Enhancement Market
Global gas turbine upgrade for performance enhancement market is anticipated to reach US$25.3 Bn by 2029 end.
Global top 5 players in gas turbine upgrade for performance enhancement market include GE, Siemens AG, Mitsubishi Heavy Industries, Ltd., Toshiba Corporation, and Dresser-Rand.
In 2021, Asia Pacific constituted 32.0% of the global gas turbine upgrade for performance enhancement market by value. In terms of value, Europe is expected to register a CAGR of 6.0% from 2022-2029.
In terms of turbine cycle, combine cycle gas turbine constituted more than 60% of the market in the year 2021. By upgrade type, comprehensive upgrades segment constituted more than 30% of the market in the year 2021.
The market witnessed positive impacts during COVID-19. There has been a significant fall in repair & maintenance of existing industrial gas turbines across the globe.