Gas Turbine Market is Expected to Reach $25.4 Billion by 2030

Technotrends28 Jun, 2023News

The global gas turbine market is expected to head toward expansion in the coming years, due to rapid technological advancements in the energy sector coupled with increase in focus toward distributed power generation technologies. With exponential rise population and robust growth of the industrial sector across the developing economies such as China and India, the need for uninterrupted power supply is rising expeditiously. Furthermore, manufacturers are increasingly focusing on R&D activities to develop turbines, which offer the flexibility of fuel usage, operate at elevated temperatures, and eliminate turbine failures.