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FORECAST INTERNATIONAL: BIZJET MARKET RECOVERY ON THE HORIZON
Nov 08, 2017
FORECAST INTERNATIONAL PROJECTS $22.2 BILLION LIGHT MILITARY ROTORCRAFT MARKET OVER 15 YEARS
Oct 24, 2017
FORECAST INTERNATIONAL PREDICTS $213 BILLION REGIONAL MARKET OVER 15 YEARS
Sep 26, 2017
FULL SPEED AHEAD FOR ANTI-SHIP MISSILE MARKET
Sep 13, 2017
AIRCRAFT CARRIERS MARK GROWTH OF REGIONAL NAVIES
Sep 12, 2017
TWO SHIP COLLISIONS RAISE QUESTIONS
Aug 24, 2017
RISING TENSIONS IN THE KOREAN PENINSULA HIGHLIGHT THAAD MISSILE'S KEY ROLE
Aug 10, 2017
FORECAST INTERNATIONAL LAUNCHES IMPROVED U.S. DEFENSE BUDGET DATABASE
Aug 08, 2017
FORECAST INTERNATIONAL: BOEING ON A ROLL; BOTH CIVIL AND MILITARY MARKETS REMAIN STRONG
Aug 01, 2017
DEFENSE FIRMS SEE STRONG GROWTH POTENTIAL AS UPSWING BEGINS
Jul 18, 2017
COMMERCIAL COMSAT MAKERS CASHING IN ON HOT MARKET
Jul 12, 2017
FORECAST INTERNATIONAL: 15-YEAR WORLD AVIATION TURBOSHAFT MARKET WORTH $34 BILLION
Jun 20, 2017
FORECAST INTERNATIONAL PREDICTS $4.15 TRILLION LARGE JETLINER MARKET OVER 15 YEARS
Jun 19, 2017
FOLLOWING U.S. ATTACK ON SYRIAN AIR BASE, FI OFFERING DETAILED TOMAHAWK CRUISE MISSILE REPORT
Apr 07, 2017
POLITICS TO AFFECT SHAPE OF U.S. DEFENSE ELECTRONICS MARKET
Mar 28, 2017
FORECAST INTERNATIONAL: HIGHER DEFENSE BUDGETS LIKELY TO GIVE MEDIUM/HEAVY MILITARY ROTORCRAFT MARKET A LIFT
Mar 07, 2017
FORECAST INTERNATIONAL ISSUES 'LAUNCH VEHICLES: YEAR IN REVIEW 2016.' STAGE SET FOR RENEWED ACTIVITY IN 2017
Jan 30, 2017
FPSO CONSTRUCTION POWERING MECHANICAL DRIVE MARKET
Dec 13, 2016
ROLLS-ROYCE RULES THE NAVAL GAS TURBINE MARKET
Dec 12, 2016
FORECAST INTERNATIONAL RELEASES VERSION 3.1 OF ITS PLATINUM FORECAST SYSTEM
Dec 07, 2016

Press Release

Contact: Stuart Slade
Phone: (203) 426-0800
Fax: (203) 426-4262
Website: www.forecastinternational.com
E-mail: stu.slade@forecast1.com
Forecast International, Inc.
22 Commerce Rd. Newtown, CT 06470 USA

FOR IMMEDIATE RELEASE

Forecast International Predicts a World Market for 5,480 Industrial Power Generating Gas Turbine Engines Worth $105 Billion over the Next 10 Years

NEWTOWN, Conn. [October 5, 2016] ? With the Power-Gen International conference in Orlando just a few months away, Forecast International has issued its annual analysis, "The Market for Gas Turbine Electrical Power Generation."

Forecast International projects a world market for 5,480 electrical power generation gas turbine engines worth $105.3 billion over the next 10 years

"The utility and industrial power generation market will continue to provide a strong stimulus for the production of gas turbine machines, with much of that production going into cogeneration and combined heat and power (CHP), combined-cycle, and combined-cycle cogeneration facilities and systems," said Stuart Slade, power systems analyst at FI and author of the analysis.

For the near term, the generation market should be dominated by mid- to large-scale cogeneration facilities in the industrialized nations, notably Japan and countries in Europe and Asia. Traditional non-users of cogenerated power, in particular the oil and gas industry, have begun to accept the concept for a variety of applications, including enhanced oil recovery, platform electric power, and refinery electric power generation combined with process systems.

"Higher up the scale, the current need for new baseload capacity additions, as well as for increases in individual power plant capacity, will increase worldwide demand for gas turbine-based power plants using the latest technology. This will focus investment on the largest and most expensive category of industrial gas turbines – those with the highest outputs," said Slade. "They can be expected to be procured heavily in areas such as China, North Korea, Vietnam, Indonesia, Thailand, Brazil, and the Middle East."

"The Iraq rebuilding efforts, for example, saw a surge in the market for quickly built generation," said Slade. "Deregulation within the power generation business and the changing mix of independent power producers (IPPs), small power producers (SPPs), and merchant power producers (MPPs) have also driven the gas turbine market in a positive direction."

While machines of 50 MW or larger will only rack up about 30 percent of total unit volume, they will be responsible for almost 80 percent of the expenditure on gas turbines, according to the analysis.

About Forecast International

Forecast International, Inc. is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, Forecast International specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International's resources and extensive base of experience can be readily adapted and efficiently focused to fulfill a broad spectrum of civil and military consulting and special research requirements.

 


Contact Information
Ray Peterson
Vice President, Research & Editorial Services
Forecast International
22 Commerce Rd. Newtown, CT 06470 USA
(203) 426-0800
ray.peterson@forecast1.com.



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