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FORECAST INTERNATIONAL: ELECTRICAL GENERATION GAS TURBINES WILL SEE SALES INCREASE, BUT OVERCAPACITY LOOMS
Dec 05, 2017
FORECAST INTERNATIONAL: MARINE GAS TURBINE EVOLUTION SLOW BUT STEADY
Nov 29, 2017
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

Press Release

Contact: Stuart Slade, Naval Systems Analyst
Phone: (203) 426-0800
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: Marine Gas Turbine Evolution Slow But Steady

NEWTOWN, Conn. [November 29, 2017] – Forecast International latest study of the Marine Gas Turbine Industry projects that 763 marine gas turbine machines valued at $6.264 billion will be produced during the period 2017-2026. Forecast International Naval Analyst Stuart Slade suggests that the market for these turbines remains steady despite pressure on defense expenditure in general. Within the naval propulsion sector there is a quiet revolution in progress that may significantly affect future developments.

"Sales of large propulsion turbines for major surface combatants are beginning to decline due to the rise in average power output per turbine. This is making it possible for the number of turbines required to provide the desired level of power to be reduced. Where a ship might have demanded four medium-output gas turbines in the past, now designers are able to use a pair of high-output units to deliver the same power," said Slade.

The trend towards higher power gas turbines is being reinforced by the introduction of fully integrated electrical power designs where propulsion machinery and electrical power generation equipment are combined. "Modern warships have an insatiable demand for electrical power to run their sensors," said Slade. "This is only going to increase as electrically powered weapons including lasers and railguns become commonplace. By using integrated full electric propulsion (IFEP), the escalating demands for electrical power on board modern warships can be accommodated in a cost-effective manner.

Forecast International's data shows that the marine gas turbine industry is almost exclusively dominated by three companies: GE, Rolls-Royce and Zorya Mashproekt. Between them, they account for nearly 98 percent of the marine gas turbines produced and 99.6 percent of the value of gas turbine production during the forecast period.

Slade points out that GE has apparently resisted the challenge from Rolls-Royce over the last few years and has maintained its position as the world leader in marine gas turbine production. "The members of the LM2500 family are solid, reliable products and the most powerful member of the group, the LM2500+ G4 is right at the top of the power output list in this sector. If more power is needed, and it probably will be, we can see the LM6000 winning more acceptance in this sector."

About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Consulting in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, the company specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International also maintains a high posture of situational awareness and geopolitical analysis.

 


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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