The Global Gas Turbines Market was valued at US$ 18 billion in 2019 and is expected to grow at a CAGR of 4% through 2030. Rising demand for captive power plants, increased investment in strengthening power infrastructure, high efficiency delivered by gas turbines and stringent environment protection framework are the key attributes dynamically shaping the global gas turbine market. Gas turbines are used for power generation and to generate drive force across heavy industrial applications. With increased demand for power efficient energy infrastructure, the global gas turbine market is anticipated to witness prominent growth in coming years. The combined cycle gas turbines are extensively used across power generation and heavy industries owing to high operational efficiency offered by these turbines. Additionally, increasing demand for electricity across the globe for residential, industrial, and commercial application is anticipated to witness prominent growth during the forecast period. The government authorities across major countries are focusing towards reducing low carbon footprint from energy generation infrastructure.
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