The global gas turbine air filtration market is anticipated to witness slow growth during the forecast period between 2021 and 2031.The last few years have witnessed an evolution in the gas turbine air filtration systems.
From being simple, non-sophisticated solid particle removal systems, they have evolved into sophisticated and efficient systems, owing to the various technological advancements.
The innovations have resulted in higher threshold of components of the present-day turbine that are suitable for increased operating temperatures.
Any regular gas turbine comprises a power turbine, compressor, and combustor. The high-speed components within any gas turbine are key to the smooth operation of the system and must be carefully maintained when the system is not in operation.
Air filters in gas turbines, which helps in maintaining clean engine performance and decreasing downtime. These filters protect turbines from air pollutants and also prevent erosion. A common use for gas turbines have come in gas-fired power plants.
The COVID-19 pandemic had a severe effect on the gas turbine demand which, in turn, affected the oil & gas industry as well. However, the demand is expected to rise with the easing of restrictions and a greater availability of vaccines.
Reduced power generation operational costs, high efficiency, and reduced emissions are expected to be the key growth drivers for the global gas turbine air filtration market.
In addition, multiple fuel capabilities of gas turbines could also fuel the growth in the gas turbine air filtration market, in future.
The launch of technologically advanced gas turbines could lead to increased product demand and propel the gas turbine air filtration market.
The gas turbine air filtration market is extremely fragmented. It is expected that the well-established market players would hold a large share in the global gas turbine air filtration market, during the forecast period.
Prominent players in the gas turbine air filtration market could make huge investments in research and development activities to produce improved quality of products.
These products could meet the customer requirements and may lead to increase in gas turbine demand. Few market players have already set up R&D centers in different parts of the world to study the existing product and identify the aspects that need changes to make them more efficient.
Market players could also collaborate with other developing players in order to expand their market reach.
Some of the key players in the global gas turbine air filtration market include Shinwa Corporation. GE Energy, Koch Filter Corporation, and Camfil.
Asia Pacific is anticipated to dominate the global gas turbine air filtration market, in future. Factors such as increasing demand from a large population, rising urbanization, and reduced labor costs are expected to drive growth for the gas turbine air filtration market, in Asia Pacific.
Rapid industrialization could also play a key role in the growth and development of the gas turbine air filtration market. Leading market players are expected to expand their business in countries such as China, in the upcoming years.
India, too, could witness growth in the gas turbine air filtration market, owing to growing urbanization and industrialization in the country.
North America is also expected to witness strong growth in the gas turbine air filtration market. Countries such as U.S. and Canada could witness high demand for gas turbine air filtration products, in the coming years.
Europe and Latin America are anticipated to witness moderate growth in the gas turbine air filtration market in the upcoming years.
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Gas Turbine Air Filtration Market
