Global Industrial Gas Business Market is Estimated to Reach $93 Billion by 2025, Says Accurize Market Research

Gas turbines are one of the most widely used technologies in power generation sector, and their usage dates back to 1939.

The factors contributing to the growth of industrial gas turbine market include (but are not limited to) the growing demand for energy, fall in natural gas prices, the low environmental impact and increasing flexibility & efficiency of gas turbines.

On the flipside, the factors that impede market growth include the growing importance of renewable energy sources, macroeconomic uncertainties, and currency devaluations, among other factors.Request sample copy of Industrial Gas Turbine Market at: http://orbisresearch.com/contacts/request-sample/2213872 Low Capital Cost to Drive the MarketThe power sector is increasingly becoming cost competitive, and the capital investments required for the development of power infrastructure is also high.

However, with a growing interest in gas-fired power generation, the demand for gas turbines, with their lower upfront costs, is expected to increase.Asia-Pacific - Region with the Highest Market ShareAsia-Pacific accounts for the highest market share in 2017, on account of industrial expansion and infrastructure development.

Also, most of the governments of emerging economies in Asia-Pacific, like India and China, have been supporting the development of oil & gas projects through policy level initiatives and supportive regulatory framework, which is expected to be a big boost for industrial gas turbine market in the region.

Also, the development of liquefied natural gas (LNG) related infrastructure and increase in consumption of natural gas is expected to impact the industrial gas turbine market positively.Read details of the report at: http://orbisresearch.com/reports/index/global-industrial-gas-turbine-market-segmented-by-capacity-type-application-and-geography-growth-trends-and-forecast-2018-2023 China - Among the Leading Countries in the MarketIn 2015, China was the highest emitter of carbon dioxide, accounting for 27.3% of the global value.

According to the new market research report "Industrial Automation Oil & Gas Market With COVID-19 Impact, by Component (Control Valves, HMI, Process Analyzers, Intelligent Pigging, Vibration Monitoring), Solutions (SCADA, PLC, DCS, MES, PAM), Stream and Region - Global Forecast to 2025", the industrial automation oil & gas market is projected to grow from USD 14.9 billion in 2020 to USD 18.7 billion by 2025; it is expected to grow at a CAGR of 4.7% from 2020 to 2025.

Browse 210 market data Tables and 47 Figures spread through 220 Pages and in-depth TOC on "Industrial Automation Oil & Gas Market With COVID-19 Impact, by Component (Control Valves, HMI, Process Analyzers, Intelligent Pigging, Vibration Monitoring), Solutions (SCADA, PLC, DCS, MES, PAM), Stream and Region - Global Forecast to 2025"Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1289 The field instruments to hold the largest size of the components in industrial automation oil & gas market by 2025.Field instruments market is expected to hold the largest share during the forecast period.

Field instruments comprise four types of transmitters—pressure, temperature, level, and vibration level switch, which are used for various processes involved in instrumentation.

Pressure transmitters are extensively used in the oil and gas sector for the measurement of flow, level, pressure, density, and viscosity, among which flow measurement is the most common application area.

The DCS is projected to account for the largest size of the solutions in industrial automation oil & gas market by 2025.The oil & gas sector is a major application area for solutions such as PLC, SCADA, DCS, and safety automation; however, the declining prices of oil and reducing oil & gas projects are expected to lead to the steady growth of these markets.

APAC projected to be the largest market for a industrial automation oil & gas from 2020 to 2025.The growth of this market is driven by the flourishing manufacturing industry with continuously changing trends and ongoing advancements in automation technologies.