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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
BUSINESS JET MARKET TO RESUME POSITIVE GROWTH TREND
Oct 31, 2016
SHORT-TERM GROWTH PROJECTED FOR LIGHT MILITARY ROTORCRAFT MARKET AIRBUS HELICOPTERS TO LEAD MARKET
Oct 13, 2016
FORECAST INTERNATIONAL PREDICTS A WORLD MARKET FOR 5,480 INDUSTRIAL POWER GENERATING GAS TURBINE ENGINES WORTH $105 BILLION OVER THE NEXT 10 YEARS
Oct 05, 2016
REGIONAL AIRCRAFT MARKET STABILIZING; LONG-TERM GROWTH PROJECTED
Sep 23, 2016
FORECAST INTERNATIONAL: INSATIABLE DEMAND FOR DATA AND CONNECTIVITY DRIVE COMMERCIAL SATELLITE MARKET
Sep 12, 2016
GLOBAL DEFENSE MARKET ON UPSWING AS ASIA SPEARHEADS GROWTH
Sep 08, 2016
FROM CIVIL DISOBEDIENCE TO TOTAL WAR – THE FLOW OF INFORMATION REMAINS PROFITABLE
Sep 01, 2016
FORECAST INTERNATIONAL: 15-YEAR WORLD AVIATION GAS TURBINE MARKET WORTH A STAGGERING $1.2 TRILLION
Aug 22, 2016
FORECAST INTERNATIONAL PROJECTS NAVAL RADAR MARKET WORTH MORE THAN $13 BILLION OVER 10 YEARS
Jul 18, 2016
SMALLSATS PLAY GROWING ROLE IN $29 BILLION REMOTE SENSING SATELLITE MARKET
Jul 13, 2016
FORECAST INTERNATIONAL: F-35 LIGHTNING II TO DOMINATE FIGHTER MARKET
Jul 12, 2016
FORECAST INTERNATIONAL PROJECTS $2.74 TRILLION LARGE JETLINER MARKET OVER NEXT 10 YEARS
Jul 11, 2016
FORECAST INTERNATIONAL EXPECTS AIRBUS AND BOEING BACKLOGS WILL DECLINE IN 2016
Jun 16, 2016
U.S. NAVY'S NEXT-GEN JAMMER TO LEAD 10-YEAR, $5 BILLION ELECTRONIC ATTACK MARKET
Jun 06, 2016
ELECTRONICS CONTINUE TO DOMINATE THE LANDSCAPE, WHILE SLEP LOOMS AS A PRIORITY FOR THE FIGHTER/ATTACK/TRAINER R&M MARKET
May 09, 2016
FORECAST INTERNATIONAL SEES SYRIAN CONFLICT DRIVING NEIGHBORS' SECURITY POSTURES
Mar 28, 2016
U.S. DEFENSE ELECTRONICS – SIGNS OF GROWTH AS BUDGETS REMAIN TIGHT
Mar 21, 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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