Gas Turbine Market Size, Share, and Industry Analysis 2022-2029
The Gas Turbine Market is expected to reach USD 24.9 billion by 2029, exhibiting at a CAGR of 3.1% over the forecast period (2022-2029). The factors driving the growth of Gas Turbine Market includes rise in the consumption of electricity around the world, growing focus on utilizing renewable sources of energy, regulations imposed by Governments to reduce greenhouse gas emissions and shift from coal-based power generation to gas-based power generation. Moreover, growing adoption of advanced technologies in the energy sector, rising demand for energy decarbonization and increase in the number of smart cities across the globe, are some of the additional factors supplementing the Gas Turbine Market share . In addition, increasing investments by major companies on research and development, rapid urbanization, rising disposable incomes, improvements in the living standards and growing population growth rates, are further contributing towards the market growth. Request a free sample of...