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Europe Industrial Gas Turbine Market Size
- Report ID: GMI8852
- Published Date: Apr 2024
- Report Format: PDF
Europe Industrial Gas Turbine Market Size
Europe Industrial Gas Turbine Market was valued at USD 1.8 billion in 2023 and is estimated to grow at a CAGR of over 5% from 2024 to 2032. The increasing electricity demand favored by ongoing industrialization, increasing population & economic growth will positively sway the industry potential.
An industrial gas turbine is a type of turbine used for generating mechanical energy or electricity in various industrial applications. These turbines operate on the principle of converting the energy stored in a fuel into mechanical energy, which is then used to drive a generator to produce electricity or to power machinery directly. They offer high power output, efficiency, and flexibility, making them suitable for a wide range of areas.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Industrial Gas Turbine Market Size in 2023: | USD 1.8 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 2.82 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 140 |
| Tables, Charts & Figures: | 270 |
| Segments covered: | Capacity, Product, Technology, Application & Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Industrial Gas Turbine Market Scope
