Turbo Generator Market to Garner $12.6 Bn, Globally, by 2027 at 3.1% CAGR: Allied Market Research
Retrieved on:
Tuesday, March 2, 2021
PORTLAND, Ore., March 2, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, " Turbo Generator Market by Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), Cooling System (Air-Cooled, Water-Cooled, and Hydrogen-Cooled), and End-User (Coal Power Plants, Gas Power Plants, Nuclear Power Plants, and Others): Global Opportunity Analysis and Industry Forecast, 20202027".
Key Points:
- PORTLAND, Ore., March 2, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, " Turbo Generator Market by Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), Cooling System (Air-Cooled, Water-Cooled, and Hydrogen-Cooled), and End-User (Coal Power Plants, Gas Power Plants, Nuclear Power Plants, and Others): Global Opportunity Analysis and Industry Forecast, 20202027".
- Rise in need of continuous & stable power supply, rapid growth in gas power plants, and rapid urbanization & industrialization drive the growth of the global turbo generator market.
- However, implementation of strict government regulations toward environmental pollution and rapid development in the renewable energy sector hamper the growth.
- On the other hand, the market across North America is anticipated to register a CAGR of 2.8% during the forecast period.