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Middle East & Africa Gas Turbine Market Trends

Report ID: GMI8708
Published Date: Mar 2024
Report Format: PDF

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Middle East & Africa Gas Turbine Market Trends

Increasing environmental concerns and stringent government regulations aimed at reducing greenhouse emissions have compelled industries to implement strong energy conservation measures, thus enhancing the sector's prospects. The large scale integration of renewable energy sources coupled with increasing inclination toward improving energy efficiency will augment the business landscape.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of Middle East & Africa gas turbine was reached USD 3.50 billion in 2023 and is estimated to grow at a rate of 6% through 2032, driven by the escalating global demand for electricity, spurred by population expansion.

Middle East & Africa heavy-duty gas turbine industry size will witness growth rate of over 5.5% through 2032, attributed to the extreme climate conditions including high temperatures and humidity.

Saudi Arabia gas turbine market is anticipated to reach over USD 600 million by 2032, due to the increasing infrastructural investments along with flourishing manufacturing sector.

Ansaldo Energia, Baker Hughes Company, Bechtel Corporation, Bharat Heavy Electricals Limited (BHEL), Capstone Green Energy Corporation, Consolidated Turbine Services, Doosan, Flex Energy Solutions, Flour Corporation, General Electric, John Wood Group PLC., Kawasaki Heavy Industries, Ltd. and MAN Energy Solutions.