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Gas Turbine Upgrades for Performance Enhancement Market

Gas Turbine Upgrades for Performance Enhancement Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2029 - (By Turbine Cycle Coverage,By Upgrade Type Coverage, By Geography, Leading Companies)

Published Date: Oct 2022 | Format: | No. of Pages: 160

Industry: Energy & Natural Resources | Author Name: Harshad

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Report Description Research Methodology

FAQ : Gas Turbine Upgrades for Performance Enhancement Market

Global gas turbine upgrade for performance enhancement market is anticipated to reach US$25.3 Bn by 2029 end.

Global top 5 players in gas turbine upgrade for performance enhancement market include GE, Siemens AG, Mitsubishi Heavy Industries, Ltd., Toshiba Corporation, and Dresser-Rand.

In 2021, Asia Pacific constituted 32.0% of the global gas turbine upgrade for performance enhancement market by value. In terms of value, Europe is expected to register a CAGR of 6.0% from 2022-2029.

In terms of turbine cycle, combine cycle gas turbine constituted more than 60% of the market in the year 2021. By upgrade type, comprehensive upgrades segment constituted more than 30% of the market in the year 2021.

The market witnessed positive impacts during COVID-19. There has been a significant fall in repair & maintenance of existing industrial gas turbines across the globe.
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