Market Analysis
Market Research Future (MRFR) predicts the global gas turbine market to register a 4.80% CAGR from 2016 to 2023 (forecast period).
A gas turbine is a combustion engine that transforms natural gas or other liquids into mechanical energy. This energy then fuels the generator that generates electrical energy. Gas turbines have various benefits, such as high power to weight ratio, low operating pressure, and lower than most reciprocating engines of the same power rating. Turbines play an important part in the reduction of carbon emissions. Compared to other combustion-based power generation applications, they show lower emissions. Global electricity demand is anticipated to rise by almost one-third of current demand in the coming years. Major gas-producing regions, like the Middle East, the U.S., and Russia, are experiencing a major revamp in their electricity generation infrastructure to actively pursue gas-based power generation. These changes will boost the market for gas turbines along with the need to minimize carbon emissions.
The availability of large quantities of natural gas, combined with relatively lower prices, in particular in North America, Thailand, and China, has led to a rise in power generation using a gas turbine. For example, as per EIA, natural gas demand and supply averaged 93.4 billion cubic feet per day in the first half of 2018, which is 12% higher than demand in the first half of 2017.
The global gas turbine industry is expected to rise at a high rate during the forecast period, mainly due to the strict emission requirements for gas turbine and shale gas production boom. According to EIA, the rapid pace of technological progress in the oil and gas sector will result in an increase in growing per well recoveries and an increase in the production of shale gas. As stated by EIA, the share of natural gas will increase from 34% in 2018 to 39% by 2050 due to growth in drilling activities. Thus, the rise in the production of natural gas would put downward pressure on the prices of natural gas, which would lead to an increase in the share of electricity produced by natural gas. This is expected to spur the market growth of gas turbines globally.
Competitive Landscape
Ongoing mergers and acquisitions, together with rising R&D spending in product durability, efficiency, and versatility by major manufacturers, will complement the industry's scenario.
Notable players in the global gas turbine market are General Electric (U.S.), Siemens (Germany), Kawasaki Heavy Industries, Ltd. (Japan), Mitsubishi Heavy Industries Ltd. (Japan), Alstom S.A (France), Bharat Heavy Electricals Limited. (India), Harbin Electric Company Limited. (China), Ansaldo Energia, (Italy), Vericor Power Systems. (Georgia), Rolls-Royce Holdings plc. (U.K), MAN Diesel & Turbo. (Germany), and Solar Turbines Incorporated. (U.S.A).
COVID -19 Impact on the Gas Turbine Market
The industry is predicted to experience a mild downturn due to the worldwide outbreak of a new coronavirus pandemic. Manufacturing activities are at a standstill due to labor shortages. This has contributed to a major decline in demand from the end-use industries.
Regional Analysis
Region-wise, the global gas turbine market has been segmented into Europe, North America, Asia Pacific, and the rest of the world.
APAC to lead the global market
The Asia Pacific region is the largest gas turbine market. Rapid industrialization, urbanization, and strong economic growth in countries such as India and China will drive the gas turbine industry.
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Market Segmentation
The global gas turbine market has been segmented based on capacity, technology, and application.
Based on capacity, the global gas turbine market has been segmented into up to 200 MW and above 200 MW.
Based on technology, the global gas turbine market has been segmented into open cycle and combined cycle. The open cycle segment is propelled by factors such as lower warm-up time, lightweight, compact size, operational versatility, quick start, and less dependency on cooling water.
Based on application, the global gas turbine market has been segmented into power generation, industrial, and aviation. Power generation is estimated to be the largest market during the forecast period due to growing energy demand coupled with positive regulatory towards the integration of sustainable energy infrastructure.
Summary
The global gas turbine market is expected to register a 4.80% CAGR from 2016 to 2023 (forecast period). Global electricity demand is increasing and has doubled over the last two decades. It is expected to rise at twice the rate of energy demand as a whole over the next 25 years. Moreover, the development of technology leading to an increase in the production of shale gas, along with the proposals of various countries to phase out coal-based power generation and substitute it with a gas-fired power plant, is likely to serve as a driver for the market.
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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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Market InsightMarket Research Future (MRFR), in its latest global active network management market states several factors that can boost the expansion of the active network management industry.
The active network management market size is expected to touch USD 1,583.4 Mn by 2024 form USD 728.3 Mn in 2019.
The rise of the Active Network Management Market can be attributed to the high demand for power supply management solutions for distribution of renewable energy from their sources.
This can prompt the market growth.In current times, smart grids have adopted different intelligent solutions to regulate power supplies and the integration of different sources of energy that include renewable sources.
ANM software for power grids can aid in avoiding voltage range infringements and in the prevention of imbalance between power generation and power consumption, plus power overload is also managed.
ANM is a proven solution for reliable voltage regulation, grid stability, and peak load management.Progression of smart grids across the globe and increase in the usage of renewable energy sources have encouraged the widely adoption of ANM solutions.
Anaesthesia delivery devices Market SynopsisMarket Research Future (MRFR) postulates that the global anaesthesia delivery devices market is predicted to garner 8.2% during the forecast period (2017-2023).
The device blends, generates, and helps to deliver fresh medical gas flow with anaesthetic agents in order to have control over the process.
Based on the end-users, the anaesthesia delivery devices market comprises hospitals, clinics, research facilities, and others.Geographical AnalysisThe Asia Pacific region dominates the global anaesthesia delivery devices market accounting for the largest market share.
Extensive uptake of advanced technologies, accessibility to products & services, and the emphasis on delivering cost-competitive devices foster the market growth in the region.
Competitive Analysis The advance anesthesia devices market is grounded on new product launches and clinical results of products.
The companies have extended their working units in various other emerging regions.
The Global DC Drives Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on voltage, power rating and end-use industry.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global DC Drives Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10607-dc-drives-market-reportThe report also covers the complete competitive landscape of the global DC Drives market with company profiles of key players such as:ABB Ltd.Siemens AGSchneider Electric SERockwell AutomationMitsubishi Electric CorporationCrompton Greaves LimitedToshiba International Corporation Ltd.Danfoss GroupParker Hannifin Co.Emerson Electric Co.American Electric Technologies Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Voltage:Low VoltageMedium VoltageBy Power Rating:Low Power DrivesMedium Power DrivesHigh Power DrivesBy End-Use Industry:Oil & GasPower GenerationWater & WastewaterBuilding AutomationFood & BeverageMetals & MiningChemicals & PetrochemicalsOther IndustriesBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global DC Drives Market @ https://www.decisiondatabases.com/contact/download-sample-10607The Global DC Drives Market has been exhibited in detail in the following chapters –Chapter 1 DC Drives Market PrefaceChapter 2 Executive SummaryChapter 3 DC Drives Industry AnalysisChapter 4 DC Drives Market Value Chain AnalysisChapter 5 DC Drives Market Analysis By VoltageChapter 6 DC Drives Market Analysis By Power RatingChapter 7 DC Drives Market Analysis By End-Use IndustryChapter 8 DC Drives Market Analysis By GeographyChapter 9 Competitive Landscape Of DC Drives CompaniesChapter 10 Company Profiles Of DC Drives IndustryPurchase the complete Global DC Drives Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10607Other Reports by DecisionDatabases.com:Global Servo Drives and Motors Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Solid State Drive Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Variable Frequency Drive Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
Market Research Future (MRFR) reports that the global nanowire battery market is set to soar at a high growth rate throughout the forecast period (2016-2022).
Nanowires are structures that have a diameter of tens of nanometers or less.
The surface area of the electrodes of a normal battery is increased through the use of nanowires; which is then called a nanowire battery.Market Drivers and RestraintsThe key drivers bolstering the nanowire battery market are portable electrical and electronic devices that include cell phones, laptops, wearable devices.
Increasing demand for advanced medical applications and devices has resulted in constant innovation of new medical products which uses batteries to store energy, in turn, propelling nanowire battery market.Low manufacturing cost for producing these products and its lightweight properties are bound to be other prime reasons for propelling the market growth.
Whereas, use of concerned product in medical devices with advancement in technology will bolster the nanowire battery marketGet Free Sample Report@ https://www.marketresearchfuture.com/sample_request/1727Key PlayersThe prominent players making name in the global market are Boston Power Inc. (U.S.), Prieto Battery Inc. (U.S.), Imprint energy Inc. (U.S.), Ambri Inc. (U.S.), Xilectric Inc. (U.S.), Amprius Inc. (U.S.), Pellion Technologies (U.S.), EnerDel, Inc. (U.S.), Envia Systems Inc. (U.S.), Sila Nanotechnologies Inc. (U.S.) and others.Regional AnalysisThe regional segmentation of the global market is based on North America, Europe, Asia Pacific (APAC) and the Rest of the World.Globally, North America has claimed the largest market share backed by the presence of global players, especially in the United States (U.S) and Canada.
Immensely involved research and development projects with the help of several universities will augment the market size.
Market Overview:The Global Cloud Object Storage Market is segmented based on service, organization size, cloud deployment and end-user.
Cloud solution accounts for highest market share as it helps enterprises by minimizing cost associated with the IT infrastructure.
Cloud solutions enable enterprise to focus on core business competencies.
It provides enterprises with data protection and security, efficiently manage storage and privacy issues, offers data integrity, and provides information related to governance and make enterprise legally prepared.The major growth driver of cloud object storage market includes growing demand for technologically upgraded services, growing expansion of professional and managed services, and increasing awareness about cost-effective cloud services, among others.The cloud object storage market is expected to grow at approximately USD 6 Billion by 2023, at 14% of CAGR between 2017 and Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4202 Competitive Analysis:The eminent contenders in the cloud storage market are IBM Corporation (U.S.), Amazon Web Services (U.S.), Microsoft Corporation (U.S.), HP Enterprise Company (U.S.), Google, Inc. (U.S.), Oracle Corporation (U.S.), Rackspace Hosting, Inc. (U.S.), EMC Corporation (U.S.), VMware, Inc. (U.S.), Dropbox, Inc. (U.S.) among others.
The service sub-segment includes cloud integration & migration, training and consulting, managed services, and support & maintenance.
Regional AnalysisThe regional examination of the cloud storage market is being considered for regions such as Asia Pacific, North America, Europe, and the rest of the global regions.
Market SynopsisAs per the analysis by Market Research Future Reports (MRFR), the global Data Center Services Market is estimated to value USD 82 Billion, with a CAGR of 13% during the review period from 2016 to 2022.
The increasing investment in data centers at a global level will encourage the global data center market in the forthcoming period.
Besides, the increased demand for quality management in infrastructure amalgamated with developed technological advancement is likely to drive the data service market 2020.
However, market growth is likely to get hindered due to a lack of expertise.Key PlayersThe forefront players of the global data center market are IBM (U.S.), HPE (U.S.), Fujitsu Ltd. (Japan), Cisco Systems, Inc. (U.S.), Huawei Technologies Co. Ltd. (China), Dell, Inc. (U.S.), Equinix, Inc. (U.S.), Vertiv Co(U.S.), Schneider Electric SE (France), NTT Communications(Japan), Level 3 Communications (U.S.), and Hitachi Ltd. (Japan) among others.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2497Market SegmentationThe global data center service market can be segregated on the basis of data service type, center type, organization, end-user, and region.On the basis of data center type, the global data center service market can be classified into outsourced and captive.Based on end-user, the global data center service market can be classified into defense, manufacturing, education, BFSI, IT/ITES, retail, healthcare, government, transportation, and others.On the basis of the organization, the global data center service market can be segregated into cloud providers, SMBs, and large enterprises.Based on service type, the global data center service market can be classified into application services, support services, financial services, consulting services, financial services, consulting services, training services, out servicing services.On the basis of geography, the global data center service market can be segregated into Asia-Pacific, Europe, North America, and the Rest of the World (RoW).Regional AnalysisOn the basis of region, the global data center service market can be segregated into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
The region tends to adopt the latest technologies at a quick pace, which advances the region in terms of market expansion.
The RoW is estimated to grow at a moderate pace during the forecast period.Browse Full Report Details @ https://www.marketresearchfuture.com/reports/data-center-service-market-2497Industry NewsMicrosoft to invest USD 1 billion in Poland for new data center region to offer cloud services to business and government institutions among other sectors.
