Europe Smart Lighting Market Prophesied to Grow at a Faster Pace

of US$ 9 bn by 2024: Graphical Research

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 Middle East Gas Turbine Market was over USD 900 million in 2017 and is anticipated to exceed annual deployment of
4 GW by 2024. Strengthening government measures toward renewable energy integration along with restructuring of
trade policies and investment flow will stimulate the Middle East gas turbine market growth. Refurbishment and
retrofitting across the key power markets in line with technological enhancements across the materials, combustion,
cooling and aerodynamics industries will further drive the industry landscape. According to the Graphical Research new
growth forecast report titled “Middle East Gas Turbine Market analysis based on Capacity, Product, Technology,
Application, Industry Analysis Report, Country Analysis Application Development Potential, Price Trend, Competitive
Market Share & Forecast, 2018 – 2024”, estimated to exceed annual deployment of 4 GW by 2024.

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Rising energy demand from manufacturing plants coupled with paradigm shift toward the integration of effective
energy mix will drive the gas turbine market size. The industry growth is further attributed to the implementation of
effective energy utilization policies toward the expansion of combined cycle power plants.

Ongoing installation of co-generation units to withstand energy consumption in commercial, small industrial and
isolated transmission & distribution networks will propel the gas turbine market. In addition, ongoing expansion of
effective re-generation units to withstand minimal heat requirements will further boost the industry landscape.
Operational efficiency, lower overall operational cost, effective environmental proximity, and effective waste heat

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 utilization are the key factors justifying the product demand. In addition, growing industrial headway along with
increasing demand for energy & stability in gas prices will further develop a positive scenario for the gas turbine
market.

Increasing deployment of gas turbines across process industries by replacement of coal by gas in a host of small-scale
industrial applications will further enhance the growth prospects of Middle East gas turbine market. In addition,
government reforms to curtail emissions along with stalling of gas prices in the current industrial regime will further
pose immense potential for gas turbine deployment.

Middle East gas turbine market will witness robust growth on account of government funding and extensive R&D
reforms toward installation of efficient combined cycle generation units. For instance, in 2015, European Investment
Bank granted a loan of USD 600 million to the Government of Egypt for the establishment of Damanhour Power Station
of 1,800 MW capacity.

Shifting trends toward energy-efficient technologies coupled with increasing focus toward replacement of inefficient
coal fired power plants will drive the Middle East gas turbine market. Increasing efforts for power capacity
augmentation to meet the constantly increasing power demand will further provide a thrust to the industry dynamics.
As per OPEC 2016, Saudi Arabia depends on oil exports for about 85% of its annual revenues and is expected to replace
oil power plants by gas fired generating stations in the country.

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 Notable participants across the gas turbine market in Middle East include Centrax, Siemens AG, Wartsila, General Electric,
MAPNA, Toshiba, Capstone Turbine, Solar Turbines, Score Group and Ansaldo Energia.

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Segments We Covered:

Middle East Gas Turbine Market Statistics, By Capacity

• < 50 kW
• 50 kW to 500 kW
• > 500 kW to 1 MW
• > 1 MW to 30 MW
• > 30 MW to 70 MW
• > 70 MW to 200 MW
• > 200 MW

Middle East Gas Turbine Market Trends, By Product

• Aero-derivative
• Heavy duty

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 Middle East Gas Turbine Market Analysis, By Technology
• Open cycle
• Combined cycle

Middle East Gas Turbine Market growth, By Application

• Power plants
• Oil & gas
• Process plants
• Aviation
• Marine
• Others

Browse key industry insights along with Full TOC @

https://www.graphicalresearch.com/table-of-content/1031/middle-east-gas-turbine-market

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 About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs
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