Turbines

Early Impacts of COVID-19 on Aircraft Micro Turbine Engines Market - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, April 14, 2020

The greater the number of electric or hybrid-electric VTOL aircraft being manufactured, the higher will be the demand for micro turbine engines to power these aircraft.

Key Points: 
  • The greater the number of electric or hybrid-electric VTOL aircraft being manufactured, the higher will be the demand for micro turbine engines to power these aircraft.
  • Similarly, commercial applications of aerial vehicles, such as air taxis, will further increase the penetration of aircraft micro turbine engines across the forecast period.
  • Based on region, North America is expected to witness the largest share of the global aircraft micro turbine engines market during the forecast period.
  • The aircraft micro turbine engines market has been gaining traction over the past few years due to the presence of several established companies as well as startups.

Early Impacts of COVID-19 on Aircraft Micro Turbine Engines Market - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, April 14, 2020

The greater the number of electric or hybrid-electric VTOL aircraft being manufactured, the higher will be the demand for micro turbine engines to power these aircraft.

Key Points: 
  • The greater the number of electric or hybrid-electric VTOL aircraft being manufactured, the higher will be the demand for micro turbine engines to power these aircraft.
  • Similarly, commercial applications of aerial vehicles, such as air taxis, will further increase the penetration of aircraft micro turbine engines across the forecast period.
  • Based on region, North America is expected to witness the largest share of the global aircraft micro turbine engines market during the forecast period.
  • The aircraft micro turbine engines market has been gaining traction over the past few years due to the presence of several established companies as well as startups.

Automotive Turbocharger Market Revenue to Surpass USD 27B by 2026: Global Market Insights, Inc.

Retrieved on: 
Monday, March 30, 2020

The automotive turbocharger market growth is attributed to steadily rising demand for fuel-efficient engines in heavy-duty, light-duty, and passenger vehicles.

Key Points: 
  • The automotive turbocharger market growth is attributed to steadily rising demand for fuel-efficient engines in heavy-duty, light-duty, and passenger vehicles.
  • Growing demand for wastegate technology in the automotive turbocharger market is due to its simple design and application in automobile engines.
  • The OEMs will dominate the market revenue share from 2020 to 2026 due to the presence of numerous established players in the automotive turbocharger market.
  • The growing importance of low-emission engines in vehicles to comply with stringent government regulations will create a positive outlook for the automotive turbocharger market revenue.

Golar Power completes 96 hour reliability test at 1.5GW Sergipe Power Plant

Retrieved on: 
Tuesday, March 17, 2020

Golar Power Limited (Golar Power) has successfully completed today the final operational test at the 1.5GW Sergipe Power Plant.

Key Points: 
  • Golar Power Limited (Golar Power) has successfully completed today the final operational test at the 1.5GW Sergipe Power Plant.
  • The test involves supplying the maximum load of the plant (1.5 GW) to the National Interconnected System (SIN) for a period of 96 continuous hours.
  • The test is the final requirement of the National System Operator (ONS) in order to start commercial operations under the 25-year power purchase agreements.
  • For the test, the three gas turbines, the steam turbine and three heat recovery boilers operated in a combined cycle and delivered a volume in excess of 1.5GW, for 96 continuous hours.

Gas Turbine Market Revenue to hit $10 Billion by 2026, Says Global Market Insights, Inc.

Retrieved on: 
Tuesday, March 17, 2020

Moreover, growing energy demand across upcoming economies and growing inclination toward sustainable energy generation will complement the gas turbine market growth.

Key Points: 
  • Moreover, growing energy demand across upcoming economies and growing inclination toward sustainable energy generation will complement the gas turbine market growth.
  • Some major findings of the gas turbine market analysis report include:
    The gas turbine demand is surging on account of growing inclination toward sustainable power generation technologies as well as integration of regenerative gas turbines across power grid systems.
  • Major players operating across the gas turbine market includes Solar Turbines, Man Diesel & Turbo, Siemens AG, Wartsila, Capstone Turbine etc.
  • North America and Europe gas turbine market in 2019, collectively exceeded an annual installation of 14 GW.

Gas Turbine Market Revenue to hit $10 Billion by 2026, Says Global Market Insights, Inc.

Retrieved on: 
Tuesday, March 17, 2020

Moreover, growing energy demand across upcoming economies and growing inclination toward sustainable energy generation will complement the gas turbine market growth.

Key Points: 
  • Moreover, growing energy demand across upcoming economies and growing inclination toward sustainable energy generation will complement the gas turbine market growth.
  • Some major findings of the gas turbine market analysis report include:
    The gas turbine demand is surging on account of growing inclination toward sustainable power generation technologies as well as integration of regenerative gas turbines across power grid systems.
  • Major players operating across the gas turbine market includes Solar Turbines, Man Diesel & Turbo, Siemens AG, Wartsila, Capstone Turbine etc.
  • North America and Europe gas turbine market in 2019, collectively exceeded an annual installation of 14 GW.

Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Enters into an EPC Contract for a 650 MW Power Project in Connecticut

Retrieved on: 
Thursday, March 12, 2020

Argan, Inc. (NYSE: AGX) (Argan or the Company) announced that recently its wholly owned subsidiary, Gemma Power Systems (Gemma), entered into an engineering, procurement and construction (EPC) services contract with NTE Connecticut, LLC to construct Killingly Energy Center, a 650 MW natural gas-fired power plant in Killingly, Connecticut.

Key Points: 
  • Argan, Inc. (NYSE: AGX) (Argan or the Company) announced that recently its wholly owned subsidiary, Gemma Power Systems (Gemma), entered into an engineering, procurement and construction (EPC) services contract with NTE Connecticut, LLC to construct Killingly Energy Center, a 650 MW natural gas-fired power plant in Killingly, Connecticut.
  • The power train will be provided by Mitsubishi Hitachi Power Systems Americas, Inc. (MHPS) which will utilize an M501JAC gas turbine and a TC2F steam turbine in a multi-shaft configuration.
  • This project provides Gemma with another opportunity to use Connecticut labor which has successfully supported Gemma on past projects, said Charles Collins, IV, Co-President of Gemma Power Systems.
  • Argans primary business is providing a full range of services to the power industry including the renewable energy sector.

Gas Turbine Services Market Size, Share & Trends Analysis Report By Turbine Type, By Turbine Capacity, By Service Type, By Service Provider, By End Use, By Region And Segment Forecasts, 2020 - 2027

Retrieved on: 
Thursday, February 27, 2020

Increasing adoption of gas turbines on account of their ability to produce low exhaust gas pollution is expected to drive market growth.

Key Points: 
  • Increasing adoption of gas turbines on account of their ability to produce low exhaust gas pollution is expected to drive market growth.
  • These systems are increasingly being used owing to its tremendous energy producing capacity and multiple fuel capability.
  • Furthermore, low operational cost and high efficiency and durability offered by these systems is expected to drive gas turbine service market growth.
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Aeroderivative Gas Turbine Market Worth $3 Billion by 2026, Says Global Market Insights, Inc.

Retrieved on: 
Thursday, February 20, 2020

SELBYVILLE, Delaware, Feb. 20, 2020 /PRNewswire/ -- Global aeroderivative gas turbine market value is poised to reach over USD 3 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.

Key Points: 
  • SELBYVILLE, Delaware, Feb. 20, 2020 /PRNewswire/ -- Global aeroderivative gas turbine market value is poised to reach over USD 3 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
  • Ongoing technological advancement across gas turbine sector on account of enhanced performance, minimal installation & maintenance cost along with introduction of hybrid gas turbine technology will drive the aeroderivative gas turbine market demand.
  • Some findings of the aeroderivative gas turbine market report include:
    The demand for aeroderivative gas turbine industry are surging across oil & gas and power sector owing to their high performance, compact design and high reliability.
  • Europe and Asia Pacific region in 2019, collectively held over 50% of the overall aeroderivative gas turbine market share.

Aeroderivative Gas Turbine Market Worth $3 Billion by 2026, Says Global Market Insights, Inc.

Retrieved on: 
Thursday, February 20, 2020

SELBYVILLE, Delaware, Feb. 20, 2020 /PRNewswire/ -- Global aeroderivative gas turbine market value is poised to reach over USD 3 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.

Key Points: 
  • SELBYVILLE, Delaware, Feb. 20, 2020 /PRNewswire/ -- Global aeroderivative gas turbine market value is poised to reach over USD 3 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
  • Ongoing technological advancement across gas turbine sector on account of enhanced performance, minimal installation & maintenance cost along with introduction of hybrid gas turbine technology will drive the aeroderivative gas turbine market demand.
  • Some findings of the aeroderivative gas turbine market report include:
    The demand for aeroderivative gas turbine industry are surging across oil & gas and power sector owing to their high performance, compact design and high reliability.
  • Europe and Asia Pacific region in 2019, collectively held over 50% of the overall aeroderivative gas turbine market share.