RnRMarketResearch.com. includes Global Combined Cycle Gas Turbine Market 2016-2020. Combined cycle gas turbine (CCGT) is a power generation technology that incorporates a gas turbine in conjunction with a steam turbine. A steam turbine is used to supplement the electricity generated from a gas turbine, which is driven by the steam generated from waste heat recovered from the gas turbine exhaust.
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The analysts forecast global combined cycle gas turbine (CCGT) market to grow at a CAGR of 4.24% during the period 2016-2020. This report covers the present scenario and the growth prospects of the global combined cycle gas turbine (CCGT) market for 2016-2020. To calculate the market size, the report considers the installed capacity and price of CCGTs in various regions.
The market is divided into the following segments based on geography:
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The report, Global Combined Cycle Gas Turbine (CCGT) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The following companies are the key players in the global combined cycle gas turbine (CCGT) market: Ansaldo Energia, GE, Kawasaki Heavy Industries, Mitsubishi Hitachi Power Systems, Siemens, and Solar Turbines.
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One of the key trends for market growth will be stringent government regulations worldwide. Growing concerns about resource depletion, increase in harmful emissions, and stricter regulations for climate change mitigation have increased the focus on technologies that can produce power in a much cleaner and more efficient manner. In 2015, the EPA passed the Clean Power Plan to reduce CO2 emissions from power plants by 30% from the 2005 levels by 2030. The states in the US have been given the flexibility to implement the plan by adopting a mix of options, such as offering credits or allowances, increasing renewable power generation, using carbon capture technologies, and attracting investments.
Key questions answered in this report
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