Middle East & Africa Gas Turbine Market Analysis

Middle East & Africa Gas Turbine Market Analysis

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 The > 30 MW to 70 MW capacity gas turbine market is set to reach USD 500 million by 2032. The adoption of digital technologies and Internet of Things (IoT) in gas turbine operations will in turn create significant opportunities for business expansion. The technology offers key advantages including predictive maintenance, remote monitoring and reduced downtime, accelerating the industry potential.
 

The heavy duty gas turbine gas turbine market size will witness growth rate of over 5.5% through 2032. The extreme climate conditions including high temperatures and humidity, pose challenges for conventional power generation equipment, stimulating the industry growth. Surging focus toward integrating renewable energy sources comprising of wind and solar into power grids will energize the business dynamics. Additionally, the ongoing expansion of power generation applications to offshore platforms along with growing utilization of these units in aircraft will fuel the product deployment.
 

The Saudi Arabia gas turbine market revenue to cross USD 600 million by 2032. The increasing infrastructural investments along with flourishing manufacturing sector will drive the business growth. Paradigm shift toward cleaner sources of energy to reduce its carbon footprint and reliance on oil will further drive the product penetration. These turbines offer relatively lower emissions compared to some other fossil fuel-based power generation technologies, making them a preferred option across wide tandem of areas.