#Power-to-Gas Market

[creative-news-alert]

Power-to-Gas Market Estimated to Witness High Growth Owing to Rising Concerns About Green Energy Storage

Power-to-gas systems use surplus renewable power like wind and solar to produce hydrogen or synthetic natural gas through electrolysis. The produced hydrogen can be stored and distributed through the existing gas network or used as a fuel directly. It provides a long-term solution for storing surplus renewable energy. Power-to-gas also helps decarbonize sectors like industry, transportation, and buildings. The global power-to-gas market is estimated to be valued at US$ 39.13 Bn in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One driver that is leading to high growth of the power-to-gas market size is rising concerns about green energy storage. Renewable energy sources like solar and wind have intermittent generation which makes it challenging to balance electricity supply and demand. Power-to-gas provides a viable solution by enabling the storage of surplus renewable power in the form of hydrogen. This stored energy can later be used as a fuel or converted back to electricity as per demand. Power-to-gas helps maximize the utilization of renewable sources and support their higher adoption for a sustainable energy transition. The ability of power-to-gas to store excess renewable energy for long durations is a key factor driving increasing investments in this technology. SWOT Analysis Strength: Power-to-gas technology enables storage of surplus renewable energy production from wind and solar through conversion into hydrogen or methane. This provides an important energy storage solution and helps in better utilizing renewable sources. By converting electricity to hydrogen or methane, power-to-gas provides an efficient way to store energy over long periods of time in the existing gas infrastructure. Weakness: Power-to-gas plants require large investments and have high capital costs. Their efficiency is also relatively low as energy is lost during the conversion process from electricity to gas. Additionally, public acceptance of producing and storing hydrogen or methane is still limited due to safety concerns. Opportunity: Many countries are targeting increased adoption and share of renewable energy to meet climate goals. This presents an opportunity for greater utilization of power-to-gas technology to balance intermittent renewables production and ensure grid stability. Rising natural gas demand also provides an outlet to use hydrogen or methane derived from power-to-gas. Threats: Cheaper battery storage alternatives or development of more direct long-term electricity storage solutions could reduce the advantages of power-to-gas. Strict emission norms may also affect use of methane derived from power-to-gas if carbon capture is not viable. Dependence on government policy support for renewable energy and power-to-gas also poses regulatory threats. Key Takeaways The global power-to-gas market is expected to witness high growth over the forecast period supported by increasing renewable energy adoption worldwide. The market size is estimated to reach US$ 39.13 billion by 2024. Regional analysis: Europe currently dominates the power-to-gas market accounting for over 50% share due to favorable government policies and initiatives supporting renewable energy and power-to-gas in countries like Germany, France and Italy. Asia Pacific is expected to be the fastest growing market led by China due to major capacity additions in renewable energy. Key players: Key players operating in the power-to-gas market are Codexis Inc., Abzena, Ltd., Enantis s.r.o, GenScript Biotech Corp., Waters Corporation, PerkinElmer, Inc., Bruker Corporation, Agilent Technologies, Bio-Rad Laboratories Inc., and Thermo Fisher Scientific Inc., among others. These companies are focusing on technology advancements and strategic partnerships to strengthen their presence in the high growth power-to-gas market.Get more insights on this topic:https://www.newswirestats.com/power-to-gas-market-size-and-outlook/

#Power-to-Gas #Power-to-Gas Market #Power-to-Gas Market size #Power-to-Gas Market share #Coherent Market Insights

[cmipooja]

Global Power-To-Gas Market Is Estimated To Witness High Growth Owing To Increasing Demand For Renewable Energy Solutions

The global Power-To-Gas market is estimated to be valued at US$ 30.27 billion in 2022 and is expected to exhibit a CAGR of 12.2% over the forecast period of 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Power-To-Gas is a technology that converts electrical energy into chemical energy by using surplus renewable electricity to produce hydrogen or synthetic natural gas. This helps in storing excess renewable energy and enables its usage during periods of high demand. The process involves electrolysis, where water is split into hydrogen and oxygen, with the hydrogen further converted into methane. Power-To-Gas technology provides an efficient solution for energy storage and grid balancing, and reduces greenhouse gas emissions. Market Key Trends: One key trend in the Power-To-Gas market is the increasing demand for renewable energy solutions. As countries worldwide focus on reducing carbon emissions and transitioning towards cleaner energy sources, the demand for renewable energy solutions such as Power-To-Gas is expected to surge. This trend is driven by various factors, including government initiatives and policies promoting the use of renewable energy, growing concerns about climate change, and the need for energy security. For example, countries like Germany and Denmark have been at the forefront of adopting Power-To-Gas technology to store excess renewable energy generated from wind and solar power. In Germany, Power-To-Gas systems are being used to convert surplus wind power into hydrogen, which can then be injected into the natural gas grid or used as fuel for transportation. Similarly, in Denmark, Power-To-Gas facilities are being utilized to produce synthetic natural gas from surplus wind power. PEST Analysis: - Political: Governments worldwide are implementing favorable policies and regulations to promote the adoption of renewable energy solutions. This includes providing subsidies, tax incentives, and feed-in tariffs for renewable energy projects. - Economic: The decreasing cost of renewable energy technologies, such as solar panels and wind turbines, is making Power-To-Gas solutions more economically viable. Additionally, the potential for revenue generation from the sale of hydrogen or synthetic natural gas is attracting investments in Power-To-Gas projects. - Social: Growing awareness about the need for sustainable energy solutions and the harmful effects of fossil fuels on the environment is driving the demand for renewable energy solutions like Power-To-Gas. - Technological: Advancements in electrolysis technology and hydrogen fuel cells are improving the efficiency and cost-effectiveness of Power-To-Gas systems. The development of renewable energy storage technologies, such as hydrogen storage and underground caverns for synthetic natural gas, is further driving the adoption of Power-To-Gas. Key Takeaways: - The Global Power-To-Gas Market Size is expected to witness high growth, exhibiting a CAGR of 12.2% over the forecast period. This growth is driven by increasing demand for renewable energy solutions and the need for efficient energy storage and grid balancing. - Regionally, Europe is expected to dominate the Power-To-Gas market, owing to supportive government policies, well-established renewable energy infrastructure, and high investments in Power-To-Gas projects. Asia Pacific is projected to be the fastest-growing region, driven by rapid industrialization, urbanization, and a shift towards renewable energy sources.

#Power-To-Gas Market #Power-To-Gas Market Demand #Power-To-Gas Market Growth #Power-To-Gas Market Analysis #Power-To-Gas Market Values #Coherent Market Insights #Power-To-Gas

[writerblogs]

Harnessing Energy Transformation: Exploring the Power-to-Gas Market Potential

Power-to-Gas Market

The Power-to-Gas Market is at the forefront of the energy transition, offering a transformative solution for storing and utilizing surplus renewable energy. As the world pivots toward sustainable energy systems, Power-to-Gas technology is emerging as a game-changer in the pursuit of a cleaner and more resilient energy landscape.

Power-to-Gas: A Paradigm Shift in Energy Storage

The Power-to-Gas Market revolves around a cutting-edge concept: converting surplus electricity from renewable sources, such as wind and solar, into chemical energy carriers like hydrogen or methane. This innovative technology addresses one of the most critical challenges of renewable energy integration - the intermittency of sources like wind and solar. By storing excess energy during peak production periods and converting it back to electricity or heat when needed, Power-to-Gas bridges the gap between supply and demand.

Market Dynamics and Diverse Applications

The Power-To-Gas Market dynamics are rooted in its diverse applications across different sectors. One of its primary applications is in energy storage. Excess renewable energy can be converted into hydrogen through electrolysis, which can then be stored for future use. Additionally, hydrogen produced through Power-to-Gas can serve as a clean fuel for various industries, including transportation, industry, and heating.

Advancing Renewable Integration and Decarbonization

As the world accelerates its transition towards renewable energy, the Power-to-Gas technology is playing a pivotal role in realizing this vision. It acts as a buffer, ensuring that surplus energy isn't wasted and enabling the grid to handle fluctuations in renewable energy generation. Moreover, Power-to-Gas contributes to decarbonization efforts by producing clean hydrogen, which can replace fossil fuels in industrial processes and transportation.

Overcoming Challenges and Scaling Up

While the potential of Power-to-Gas is immense, the Power-To-Gas Market isn't without its challenges. The cost of producing hydrogen through electrolysis and the limited availability of infrastructure are areas that require attention. However, ongoing research and development are gradually driving down costs and paving the way for broader adoption. Government incentives and policy support are also crucial in accelerating market growth and creating an enabling environment for Power-to-Gas technologies.

Future Outlook: Transforming the Energy Landscape

The Power-to-Gas Market's future outlook is marked by optimism and innovation. As the world strives to achieve ambitious climate goals, the demand for flexible energy storage solutions will only increase. Power-to-Gas not only addresses energy storage challenges but also aligns with the broader goal of creating integrated energy systems that are cleaner, more resilient, and capable of accommodating the dynamic nature of renewable energy sources.

In conclusion, the Power-to-Gas Market embodies the essence of the energy transition - a shift toward sustainable, flexible, and decarbonized energy systems. As technology advances, costs decrease, and policies evolve, Power-to-Gas has the potential to revolutionize the way we store and utilize energy, paving the way for a greener and more sustainable future.

#Power-to-Gas Market #energy transition #renewable integration #energy storage solutions #electrolysis technology #hydrogen production #decarbonization efforts #renewable energy systems #grid flexibility #sustainable energy #policy support #market challenges #innovative technologies #climate goals

[mohitbisresearch]

Power to gas market is segmented into product, technology. Market to grow at a good CAGR during the forecast period, 2014-2024. Power to gas industry report by BIS Research provides deep market insight that will help your business to grow.

#Power-to-Gas Market #Power-to-Gas Report #Power-to-Gas Industry #Chemicals #Bisresearh

[emaanderson]

Power-to-Gas Market Revenue Growth, Development And Demand Forecast To 2030

Research Nester published a report titled “Power-to-Gas Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global power-to-gas market in terms of market segmentation by technology, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global power-to-gas market is estimated to occupy a large amount of revenue by recording a CAGR of ~10% during the forecast period, i.e., 2022 – 2030, owing to the growing utilization of renewables for generation of electricity, and integrated management of power-to-gas technology across the globe. Apart from these, rising emissions of greenhouse gases, decline in CAPEX costs for electrolysis processes, and increasing industrial and household use of energy are also expected to drive market growth in the forthcoming years.

The market is segmented by technology and end user. Based on technology, the electrolysis segment is predicted to observe the highest growth during the forecast period on the back of growing solar and wind energy generation, and ability of this process to offer dynamic operations. Additionally, by end user, the utilities segment is projected to gather the largest share over the forecast period ascribing to the rising initiatives in the sector to effectively produce hydrogen by the integration of intermittent renewable power sources worldwide.

Geographically, the global power-to-gas market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Europe is evaluated to grab the largest share in the market during the forecast period attributing to the growing number of power-to-gas plants, and high manufacture of electric automobiles in the region.

The Europe Environment Agency recorded that 550,000 units of electric cars were registered in Europe in 2019, up from 300,000 units in 2018, representing a rise of 2 percent to 3.5 percent of the total car registrations in the time period. Moreover, Asia Pacific is predicted to register modest market growth over the forecast period in view of the provision of government incentives such as special benefits in new car registrations in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Use of Renewables for Electricity Generation Globally to Boost Market Growth

Since the last two decades, the global level of greenhouse emissions has witnessed a notable hike. Decarbonization is emerging as a major concern for the energy industry, which is giving rise to the growing usage of renewables for generating electricity. The growth in worldwide renewable electricity generation is assessed to offer ample growth opportunities to the market in the near future.  

However, high initial costs of power-to-gas systems is expected to operate as key restraint to the growth of the global power-to-gas market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global power-to-gas market which includes company profiling of Sunfire GmbH, ENTSOG AISBL, GRT Gaz SA, Siemens AG, Man Energy Solutions SE, Electrochaea GmbH, McPhy Energy S.A., Alliander N.V., DNV GL, E.ON SE, and others.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global power-to-gas market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.    

#Power-to-Gas Market

[researchinenergyandpower]

The increase in capacity of renewable energy together with the need to reduce carbon emissions has led to a rise in the implementation of power-to-gas technology.

#Power-to-gas Market

[sheerioswifties]

Which by the way I'm getting so irritated this is off topic but does anyone remember in the movie Deep Impact (I think it was that one one of those disaster movies) Morgan Freeman played the president and when the time came to announce that the SHTF he not only told the ppl not to panic (though they inevitably will, there will always be the humans running out to hoard toilet paper); but he ALSO laid down some laws immediately he froze ALL prices saying NO PRICE GOUGING YOU HEATHENS (something to that effect) and I just freaking every day like I know it would take something like an E.O. or declaring emergency or war act or whatever in order to do this but PLEASE GOD CAN YOU JUST DO THAT bc seriously the inflation the gas prices rent everything- IT'S NOT ALL ACTUAL INFLATION IT'S BIG COMPANIES PRICE GOUGING AND MAKING RECORD PROFITS JUST BC THEY CAN then small local businesses and all consumers are just screwed and it is NOT okay it's being projected to keep going up whilst simultaneously complaining about homelessness like bitches hellO I just have to scream a minute

#ot #rant post #seriously I'm sick of hearing ppl correlate gas and product prices with who is in power #but also who is in power needs to do something before it's too late #but like derp we're coming out of a global pandemic that ducked up the supply chain etc etc #record drought making crop yields lower etc #there are legitimate things that are making prices skyrocket #but there is shit like shrinkflation and the shit chiptle is up to that is NOT #and gas and oil? #?!?! THERE IS PLENTY IT'S LITERALLY LIKE CHEVRON AND EXXON AND ALL THOSE FUCKERS RAISING PRICES #JUST. BC. THEY. CAN. and blame it on everything else #they have the supply now there's more demand they're manipulating the market #i can literally tell you for sure on the oil thing i know someone in the industry it's seriously just for profit #gas prices do not have to be this high #and that's what makes everything else even MORE expensive #ugh

[poojagblog-blog]

The global gas turbine market is expected to grow from USD 18.9 Billion in 2021 to reach USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. Gas turbines are majorly used for power generation. However, they are also used for mechanical drive purposes and in jet engines.

#gas turbine #gas turbine market #gas turbines #energy #energia #power generation #utilities #power #utility #electricity #power plant #power plants #distributed power generation #jet engine #mechanical drive

[energynews247]

Industry reacts to gas power plans and electricity market reforms

UK Energy Secretary Claire Coutinho has set out plans to build new gas power stations to avoid what she described as the “genuine prospect of blackouts”. In a speech today, Ms Coutinho made the case for investing in unabated gas power into the 2030s to maintain electricity supplies when renewables are unable to meet demand due to weather conditions. “Without gas backing up renewables, we face the…

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#Electricity #Gas #industry #Market #Plans #POWER #reacts #Reforms

[prenasper]

Europe Gas Generator Market Growth, Trends, Demand, Industry Share, Challenges, Future Opportunities and Competitive Analysis 2033: SPER Market Research

The Europe Gas Generator Market encompasses the production, distribution, and utilization of gas-powered generators across European countries. With increasing concerns about energy security, environmental sustainability, and power reliability, the demand for gas generators is rising. Key drivers include the transition to cleaner energy sources, infrastructure development, and backup power requirements. Additionally, advancements in gas generator technology, such as improved efficiency and reduced emissions, contribute to market growth. Key players focus on innovation, product differentiation, and service quality to meet the diverse needs of customers and capitalize on market opportunities in Europe.

#Europe Gas Generator Market #Europe Gas Generator Market Challenges #Europe Gas Generator Market Competition #Europe Gas Generator Market Demand #Europe Gas Generator Market Future Outlook #Europe Gas Generator Market Growth #Europe Gas Generator Market Report #Europe Gas Generator Market Revenue #Europe Gas Generator Market Segmentation #Europe Gas Generator Market Share #Europe Gas Generator Market Size #Europe Gas Generator Market Trends #Europe Hydrogen Gas Generator Market #Europe Industrial Gas Generator Market #Europe Laboratory Gas Generators Market #Europe Large Generator Market #Europe Natural Gas Generator Market #Europe Natural Gas Generator Market Forecast #Europe Natural Gas Generator Market Opportunities #Europe Power Generator Market #Europe Residential Gas Generator Market #Gas Generator Market

[medicaldevicesindustrynews]

What Are Synthetic Fuels Or E-Fuels?

In labs throughout Europe and the Americas, researchers are busy investigating substitutions to fossil fuels. Besides the harmful releases and intensifying costs of petroleum items, recent geopolitical instability in the east of Europe has additional pressure on looking for new power sources. So, what types of synthetic fuels are in progress today? What Are Synthetic Fuels? Synthetic fuels,…

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#Biomass #Carbon Capture #Energy Transition #Fischer-Tropsch Synthesis #Greenhouse Gas Emissions #Hydrogen #Key players #Market dynamics #Power-to-Liquid #Regulatory frameworks #Renewable Sources #Synthetic Fuels Market

[david843346]

Solar Bio-gas Hybrid Power System Market: Global Demand Analysis & Opportunity Outlook 2036

Research Nester’s recent market research analysis on “Solar Bio-gas Hybrid Power System Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global solar bio-gas hybrid power system market in terms of market segmentation by end use, component, location, and by region.

Growing Demand for Electricity to Promote Global Market Share of Solar Bio-gas Hybrid Power System

The global bio gas hybrid power system market is estimated to grow majorly on account of the increased demand for electricity. Solar and biogas energy technologies are used in conjunction with other power generation sources to generate solar power from photovoltaic or PV systems. Hybrid systems involve combining two or more forms of renewable energy and converting it into clean energy that can be used in multiple end-user applications. Increasing demand for power and energy in residential, commercial, and industrial sectors are key factors expected to expand the global solar biogas hybrid power system market during the forecast period. Increasing demand for electricity at off-grid locations is projected to drive the global expansion of the solar-biogas hybrid power system market during the forecast period.

Request Free Sample Copy of this Report @

Some of the major growth factors and challenges that are associated with the growth of the global solar bio-gas hybrid power system market are:

Growth Drivers:

Surge in Demand for Renewable Energy

Rising Need for Reduction in CO2 Emission

Challenges:

The availability of biomass resources can vary depending on the location. In some areas, there may not be enough biomass resources to support the development of solar bio-gas hybrid power systems. Besides, complex technology and the high cost of the system are some of the major factors anticipated to hamper the global market size of solar bio-gas hybrid power systems.

By location, the global solar bio-gas hybrid power system market is segmented into on-grid and off-grid. The off-grid segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. One of the more challenging markets for deploying hybrid solar and biogas energy systems is off-grid locations, where large OEMs may find an opportunity. Off-grid locations are locations where people do not have access to electricity via a grid connection. Most off-grid sites are located in remote areas, giving manufacturers an opportunity to increase their market share for solar-biogas hybrid power generation systems in these specific locations. It is expected to not only provide power to off-grid locations, but also create employment opportunities and support society and the economy in the near future.

By region, the Asia Pacific solar bio-gas hybrid power system market is to generate the highest revenue by the end of 2036. The Asia-Pacific region is undergoing continuous development, and biomass is an important energy source for people. To address the intermittent nature of renewable energy in this region, various methods are currently being developed to provide continuous power supply from renewable energy, including large-scale utility-scale battery storage and hybrid systems. The increasing development of hybrid systems and large-scale utility-scale battery storage to facilitate renewable energy storage is expected to expand the market in Asia-Pacific in the near future.

Access our detailed report at@https://www.researchnester.com/reports/solar-bio-gas-hybrid-power-system-market/5447

#Solar Bio-gas Hybrid Power System Market

[1-2-3-4-4498-0]

https://www.whatech.com/og/markets-research/energy/764403-power-to-gas-market-2021-2031-transforming-electricity-into-sustainable-fuels-innovations-drive-market-evolution#google_vignette

Power-to-gas surges in demand for hydrogen and methane as eco-conscious awareness rises. Utilization of renewable energy further propels market growth across residential, commercial, and utility sectors.

#Power #Gas #Market

[minimac-mspl]

Understanding the root cause of the symptoms that are observed on your machinery?

It is observed across the spectrum that whenever we see issues/symptoms like:

1. Oxidized oil

2. Destructive pitting

3. Excessive vibration

4. Abrasive wear

5. Cavitation

6. Machinery abnormal noise

7. Wear debris generation

8. High running temperature

We usually believe in either Repairing, Replacing, Rebuilding and Removing the affected component. However, it only subsides the symptoms temporarily. This approach is called the 4-R approach and it weeds out the issue from the surface and not at the root level and hence the problem reoccurs. Call [phone] for Mechanical Maintenance & Oil Check.

However, we should aim at studying these symptoms and work on the root causes. Some of the very frequent root causes that cause the above-mentioned symptoms are:

1. Misalignment

2. Wrong oil usage

3. Moisture

4. Machinery part imbalance

5. Particle contamination

6. Air contamination

Hence, we should aim at 5I approach i.e. It’s clean, It’s Cool, It’s dry, It’s aligned and balanced, It’s well oiled. This approach keeps the machine healthy and eliminates the problem.

In case you are unable to understand the root cause of the symptoms that are observed on your machinery contact Minimac Systems Pvt. Ltd.

#oil flushing #minimac systems #minimac #hydraulic oil #oil & gas #lube oil filter #contamination #power #hydraulic oil filter #frf #oil filteration #turbine oilanalysis maintenance lubrication reliability contaminationcontrol oil powerplants oilfiltration rotatingequipment mechanical bre #wind turbines #gas turbine services market #steam turbine market share #gas turbine market trends #mlc lvdh #lvdh full form #transformer oil filtration #oil dehydration systems #lube oil flushing #hydraulic

[dsiddhant]

Chicago, Oct. 19, 2023 (GLOBE NEWSWIRE) -- The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% according to a new report by MarketsandMarkets™.

#biorefinery #biofuels #biorefinery market #biofuel #energy #power #electricity #power generation #renewable energy #renewable #renewable fuel #renewables #clean energy #green energy #reduce greenhouse gas emissions #reduce carbon emissions #decarbonization #clean power #green environment #environmental news #environmental #environment #environmental solutions #sustainability #sustainableenergy #sustainable development #sustainable energy

[globallsdata]

Uncover the driving forces behind the Steam and Gas Turbines Market. Explore cutting-edge technologies, market trends, and industry leaders propelling energy generation. Stay informed and empowered to navigate the dynamic world of turbine-based power solutions.

#power #Steam and Gas Turbines Market #Gas Turbines Market