Global Industrial Gas Turbine Ignition System Market Expected to Rise at a CAGR of 9.6% during 2018-
The global industrial gas turbine ignition system market is expected to reach market value of around US$ 1640 Mn by the end of 2022, at a CAGR of about 9.6%, during the forecast period 2018-2026.
[ClickPress, Fri Oct 12 2018] The industrial gas turbine ignition system market continues to remain affected by diverse range of factors, which include growing adoption of gas-fired power generation, and demand from some large natural gas power plants that are located at Taiwan, Russia, and Japan.
Promising prospects have been foreseen for the industrial gas turbine ignition system market by a report titled “Industrial Gas Turbine Ignition System Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018- 2026,” incorporated recently into the comprehensive repository of Market Research Reports Search Engine (MRRSE).
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Growing demand for electricity worldwide is another key growth upholding aspect for the industrial gas turbine ignition system market. The International Energy Agency has estimated an annual rise of 3% in consumption of electricity across the globe, which is majorly contributed by India and China collectively, accounting for nearly 70% share.
Constant price wars between leading players, such as supplying affordable components to ignition systems, while creating challenges for players who focus more on product standards and quality. This has further resulted in a tug of war between price and quality, which in turn will significantly affect the competition landscape of the industrial gas turbine ignition system market.
Industrial Gas Turbine Ignition System Market: Report Summary
The report on industrial gas turbine ignition system market offers analysis for the period between 2018 and 2026, with 2017 as the base year. This report encompasses all major driving factors and trending aspects that impact growth of industrial gas turbine ignition system market during the period of forecast. Key growth impediments and opportunities for the industrial gas turbine ignition system market have also been rendered in the report.
This report provides a brief outlook on industrial gas turbine ignition system market in terms of volume (Thousand Units) and value (US$ Mn) across regions including Middle East & Africa, Europe, North America, South America, and Asia-Pacific. The link between myriad industries has been explained under ecosystem analysis, while several external and internal factors influencing growth of the industrial gas turbine ignition system have been assessed via industry SWOT analysis.
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Industrial Gas Turbine Ignition System Market: Competition Landscape
The report delivers assessment on the competition landscape of industrial gas turbine ignition system market, wherein all the market players are positioned as per their geographical occupancy and key developments. Comprehensive market estimations are result of an in-depth secondary research, reviews from in-house expert panel, and primary interviews.
The market estimations have been studied taking into account influence of various political, legal, technological, economic, and social aspects, coupled with current market dynamics that impact growth of industrial gas turbine ignition system market. Market share analysis and competition matrix has been included in the competition landscape for understanding contribution of leading companies in industrial gas turbine ignition system market.
Recent developments and strategies adopted by companies have also been incorporated in the company profiles included in the report. Key market players underpinning growth of industrial gas turbine ignition system market, as profiled in the report, include Hoerbiger Holding, Tesi Group, Meggitt PLC, Federal-Mogul LLC, and Hatraco Technische Handelsonderneming B.V.
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