A recent Research on industrial gas turbine ignition system market provides an in-depth analysis of segments and sub-segments in the global as well as regional industrial gas turbine ignition system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional industrial gas turbine ignition system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global industrial gas turbine ignition system market. According to the report, the global industrial gas turbine ignition system market is projected to grow at a CAGR of 9.4% over the forecast period of 2018-2024.
The report covers the entire overview of the market including the market dynamics such as drivers, restraints, opportunities, and trends that are predicted to leverage the existing nature and prospective status of this market. The relationship between diverse industries is explained under the ecosystem analysis. Furthermore, the several internal and external factors affecting the industrial gas turbine ignition system market are studied through the industry SWOT analysis. The industry SWOT analysis is a tool intended to understand the business environment in the industrial gas turbine ignition system market. The competitive position of the market is studied through the Porter's Five Forces Analysis. Additionally, current indicators of diverse macro-economic factors are contextualized under key market indicators.
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The Asia Pacific region is expected to have the largest share of Global Industrial Gas Turbine Ignition System Market in the forecast period followed by North America and Europe regions.
Segments Covered
The global industrial gas turbine ignition system market is segmented on the basis of the component, gas turbine type, and application.
The Global Industrial Gas Turbine Ignition System Market by Component
Exciters
Igniters
Spark Plugs
Leads
The Global Industrial Gas Turbine Ignition System Market by Gas Turbine Type
Heavy-duty Turbine
Light-duty Turbine
The Global Industrial Gas Turbine Ignition System Market by Application
Power Generation
Mechanical Drive
Company Profiles
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The companies covered in the report include:
Unison, LLC
Woodward, Inc.
Knite, Inc.
Champion Aerospace, Inc.
Chentronics, LLC
Hatraco Technische Handelsonderneming B.V.
Tesi Group
Federal-Mogul LLC
Meggitt PLC
Hoerbiger Holding
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Gas turbines are one of the most widely used technologies in power generation sector, and their usage dates back to 1939.
The factors contributing to the growth of industrial gas turbine market include (but are not limited to) the growing demand for energy, fall in natural gas prices, the low environmental impact and increasing flexibility & efficiency of gas turbines.
On the flipside, the factors that impede market growth include the growing importance of renewable energy sources, macroeconomic uncertainties, and currency devaluations, among other factors.Request sample copy of Industrial Gas Turbine Market at: http://orbisresearch.com/contacts/request-sample/2213872 Low Capital Cost to Drive the MarketThe power sector is increasingly becoming cost competitive, and the capital investments required for the development of power infrastructure is also high.
However, with a growing interest in gas-fired power generation, the demand for gas turbines, with their lower upfront costs, is expected to increase.Asia-Pacific - Region with the Highest Market ShareAsia-Pacific accounts for the highest market share in 2017, on account of industrial expansion and infrastructure development.
Also, most of the governments of emerging economies in Asia-Pacific, like India and China, have been supporting the development of oil & gas projects through policy level initiatives and supportive regulatory framework, which is expected to be a big boost for industrial gas turbine market in the region.
Also, the development of liquefied natural gas (LNG) related infrastructure and increase in consumption of natural gas is expected to impact the industrial gas turbine market positively.Read details of the report at: http://orbisresearch.com/reports/index/global-industrial-gas-turbine-market-segmented-by-capacity-type-application-and-geography-growth-trends-and-forecast-2018-2023 China - Among the Leading Countries in the MarketIn 2015, China was the highest emitter of carbon dioxide, accounting for 27.3% of the global value.
