Gas Turbine Engine Sector to See 2.3% Growth Per Annum, States Global Research & Data Services in Its Report Package Available at MarketPublishers.com25 May 2016 • by Natalie Aster
LONDON – The worldwide gas turbine engine sector is poised to expand and gather steam in the forthcoming years, registering an average annual growth of 2.3%. During 2009-2015, the market registered an average growth of 1.5% per year. To date, gas turbine engines (with power under 5000 kW) capture a share of 5.2% of the total demand, with the remaining market share (25.1%) divided between gas turbine engines (power over 5000 kW) and parts of gas turbine engines with a share of 69.7%.
China, Japan, South Korea, Italy, and the USA are the dominant gas turbine engine markets whilst the countries such as Latvia, Nepal, Lebanon, Finland and the Philippines are forecast to record the fastest growth rates of 55.1%, 9.6%, 9.5%, 8.8% and 7.4% per annum, respectively.
New report package “Gas Turbine Engine Markets in the World to 2020 - Market Size, Development, and Forecasts” elaborated by Global Research & Data Services contains cutting-edge data on the historical evolution during 2009-2015, actual market situation, and the possible future of the worldwide gas turbine engines industry through 2020. The package also provides individual country reports for the 52 countries of the world. Each study examines the overall marketplace and offers detailed market segmentation by product type; analyses the size for the overall market and each of the product segments discussed; market growth rate and the tempos of growth of various product segments; shares of product segments for the years 2008, 2014 and through to 2019. The potential rates of each country’s market are discussed as well. The research casts light on key market opportunities, demand trends and forecasts.
More report packages and individual reports by our market research partner are available at Global Research & Data Services page.