Global Turbines Market to Reach US$191.8 bn by 2020 owing to Increasing Requirement for Power Generation
A new Transparency Market Research report states that the global turbines market stood at US$135.7 bn in 2013 and is predicted to reach US$191.8 bn by 2020. It is predicted to expand at a CAGR of 4.89% from 2014 to 2020. The title of the report is “ Turbines Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 - 2020 .” Browse the full Turbines Market by Product (Hydro, Steam, Gas-based, Wind and Nuclear) for Applications (Power Generation, Power Storage, Marine and Aeronautics) - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2014 – 2020 report at: http://www.transparencymarketresearch.com/turbines-market.html As per the report, the increasing requirement for power generation, especially in emerging economies, and the reduced risk of technology failure, resulting in increased demand from investors, are amongst the chief factors propelling the growth of the turbines market. Furthermore, the rising glo...