The gas turbine industry in France is one of the world’s largest and most advanced in terms of gas turbine manufacturing and gas turbine exports. Gas turbines made and exported by leading French turbine manufacturers are well known around the world for their great quality and high technology products. As the global demand for gas turbines continues to grow, particularly in the heavy industries such as energy, aircraft, and industrial machinery sectors, France’s gas turbine industry is expected to witness stronger growth in the future. Business opportunities with the top French gas turbine manufacturers are also set to flourish.
A gas turbine is an internal combustion engine that can convert natural gas or other liquid mixture fuels to mechanical energy. This energy then drives a generator that produces electrical energy. Gas turbines can utilize a variety of fuels, including natural gas, fuel oils, and synthetic fuels. The energy conversion through gas turbine is also more efficient and environmental friendly. Therefore, gas turbines have nowadays become one of the most widely-used power generating technologies around the world.
According to the latest report from Global Market Insights, the size of the global industrial gas turbine industry will exceed USD 18 billion by 2024. Increasing industrialization, coupled with rising demand for safe and reliable electricity will drive the global industrial gas turbine market size by 2024. In the past decade, largescale industries made significant investments towards the development of captive generating stations to reduce their dependencies on utilities which have positively influence the industry growth. Other factors such as growing measures to ease the effects of carbon footprints arising from conventional coal-burning facilities will further facilitate the growth of the global gas turbine industry.
Geographically, the gas turbine industry in Europe, particularly in countries such as the U.K., France, and Germany has maintained a strong level of performance over the recent decades, due to rapid industrialization. However, Asian countries such as China, India, Japan, and Singapore have witnessed some of the fastest growth rates in recent years — driven by an increase in demand for electricity and power generation for the purpose of industrial development and large-scale urbanization in these countries.
Grow your business network, and connect with the top gas turbine manufacturers in France
France has long been of the world’s leaders in the gas turbine industry. France’s industrial gas turbine market for 2015 was valued over USD 120 million, attributed to its large installation of gas turbines around the world. In 2015, regulators had introduced Energy Transition for Green Growth legislation targeting to reduce the emission level by 40% by 2030 from 1990 levels.
As one of the world’s leading gas turbine manufacturers, France also exports a significant amount of gas turbine products to the global market every year. In 2016, France exported USD 11.5 billion worth of gas turbine products to the global market, representing over 18.9% of the world’s total gas turbine export in that year, making France the world’s second largest gas turbine exporter behind the UK. Some of the top importers of French gas turbines include the USA, Germany, China, Belgium and Mexico.
The prominence of the gas turbine market in France has attracted a significant number of buyers and traders from all over the world. To help your gas turbine business stays at the top of the industry, BizVibe provides the best solutions to source the products and make the best business deals with the top gas turbine manufacturers in France. Don’t miss your chance to connect with the best industry suppliers, manufacturers, and companies on BizVibe.
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