The Global Gas Turbine and Turbine Services Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2023-28. Most of the market would be driven by the uplifting demand for highly efficient gas turbines, reduction in the prices of natural gas, and surging shale gas production. Gas turbine services provide reduced operational costs & improved safety & life of the equipment. However, the need for specialized & trained human power to stimulate the turbines makes it an expensive process. Moreover, increasing environmental concerns due to rising carbon emissions via coal-based power generation are propelling the adoption of natural gas-based turbines, globally.
Global Gas Turbine and Turbine Services Market Research Report: Forecast (2023-2028)