How aeroderivatives support renewable energy
The aeroderivative segment has evolved as a bright spot in the global gas turbine market largely due to advantages enabling increased penetration of renewable energy on electric power grids of all sizes.
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The Gas Turbine Market Forecast projects global industry orders – by OEM and model designation – for Heavy Frame, Light Industrial and Aeroderivative gas turbines used in the Electric Power Generation and Oil & Gas sectors. Global gas turbine sales of $61 billion expected through 2028. Here's a summary of 2023 sales and where we expect the market to be over the next 5 years.
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