FOR IMMEDIATE RELEASE
GE Dominates Market in New Forecast International Power Generation Forecast
NEWTOWN, Conn. [December 4, 2018] – General Electric Energy will install nearly half the total electrical power generating capacity to be added over the period 2019-2032, according to projections made by Forecast International. When licensees and subsidiaries are included, GE Energy is projected to deliver 49.34 percent of the capacity to be installed during this period. Siemens will follow with 25.76 percent, while Mitsubishi-Hitachi Power Systems (including MHI) will contribute 15.53 percent. Thus, these three companies will be producing more than 90 percent of the projected increase in worldwide electrical power generation capacity between 2019 and 2032.
The strength of GE Energy in the power generation market is the result of a deliberate drive by the company to maximize its market penetration at a time when reduced demand, overcapacity, and soft prices look set to continue until at least the early 2020s. This strategy brought with it significant risks that were picked up by stock market analysts to reflect concern about the company's performance. Stuart Slade, Industrial Gas Turbines Senior Analyst, sounds a note of caution on this approach. "Much of this criticism concentrates on the problems GE has experienced without allowing for the fact that these are common to the power generation equipment industry as a whole." He added that "GE Energy's market share in total capacity terms gives it major strengths that will help sustain it through a difficult readjustment period."
In August 2018, Forecast International introduced forecasts of total additional annual installed capacity to its breakthrough Platinum 4.0 forecasting and analysis service. Now, users can see vital statistical projections based on units sold, total capacity of those units, and sales value for the Industrial and Marine turbines market over the next 15 years, plus historical data stretching back 10 years. "The clarity this adds to projected investment patterns over the next 15 years is remarkable," said Slade. "With this capacity analysis, we can see how the various power output classes will stack up against each other over the next 15 years. This is vital information for those making investment decisions, now and in the future."
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.
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