SOURCE: Industrial Info Resources

Industrial Info Resources

October 25, 2011 06:15 ET

Assessing Multibillion-Dollar Combustion Turbine (CT) Market With Industrial Info's New Online North American CT Market Share Analysis for Power Generation

SUGAR LAND, TX--(Marketwire - Oct 25, 2011) - New Product Announcement from Industrial Info Resources (Sugar Land, Texas) -- Equipment manufacturers and service providers in the North American Power Industry can now use a unique online analysis to assess business opportunities in an estimated $2 billion after-market business for combustion turbines (CTs). A new service from Industrial Info Resources, the North American Combustion Turbine Generator Market Share Analysis, provides critical market sizing and market segmentation intelligence on the currently installed base of about 5,000 CT units operating in the U.S. and Canada.

In this new offering, Industrial Info has created an online environment for users to access over 100 views of the combustion turbine market, including market sizing and detailed segmentation by capacity, power usage, turbine type, age, as well as peer comparisons across various manufacturers.

Users of this analysis will also learn which manufacturer has been awarded future CT installations, with specifics on new-build activities in various stages of development. Our online analysis reaches into Industrial Info's new-build database to give a market share analysis of future installations that's comprehensive and up-to-date.

To illustrate the dynamics of the U.S. CT market, Shane Mullins, Industrial Info's VP of product development, stated that 72 new units were installed in 2010, and another 64 have been installed so far in 2011. Looking out to 2012, Industrial Info is tracking the scheduled installation of an additional 89 CTs. Mullins projects that, on average, about 70 CTs will be installed in the U.S. each year for the next five years.

There's no doubt the natural gas power generation industry is going through another development expansion, not to mention the number of units that will replace retiring coal-fired power boilers in the near future. Furthermore, CT's from the last natural gas development boom that occurred in the early 2000s are entering their 10-year major overhaul period. With so many new opportunities coming up over the next several years, keeping up with the market share analysis is important for after-market vendors and service providers alike.

"There have been, and will continue to be, dramatic changes in North America's Power Industry," stated Shane Mullins in an exclusive "Navigating the Currents of Change" interview. "Electric utilities have announced the early retirement of over 20,000 megawatts (MW) of older, coal-fired generation in 2011 alone. We expect to see an additional 10,000 MW of early retirements per year for the next five years."

In the U.S. and Canada, federal, state and provincial regulatory policy is an important force driving the turnover of the generation fleet, Mullins continued. Electric utilities are increasingly relying on new gas-fired generation, typically high-efficiency CT units, to replace or repower aging coal-fired generation that is being shuttered.

Another force is the large and growing resource base of shale gas. A third force, the "rush to renewables," is driving increased demand for gas-fired generation, both for grid support and to back up renewable generation that is not dispatchable, Mullins said: "All of these changes increase the value of on-the-ground market intelligence about North America's existing fleet of CTs."

According to Ed Lewis, CEO of Industrial Info Resources, "We provide the most comprehensive and up-to-date market share analysis on Combustion Turbines in the North American marketplace. Our new product represents over 5,000 direct research interviews with key plant personnel to ensure the comprehensiveness and exactness of our turbine details."

The North American Combustion Turbine Generator Market Share Analysis makes it easy for users to view over 100 segmentations of the combustion turbine market in the following granular detail:

  • Analysis by manufacturer
  • Turbine type: heavy frame or aeroderivative
  • Turbine model
  • Turbine usage: baseload, intermediate and peak generators
  • Turbine age
  • Owner type: utilities, independent power producers (IPPs) and industrial energy producers (IEPs)
  • Turbine location: country, region, and state or province where a turbine is operating

Click here to access the demonstration page of the new service. New subscribers receive a 10% discount if they order before December 14, 2011. Use promotional code "Turbine11" when ordering.

Shaheen Chohan, Industrial Info's vice president for global analytics, said: "The quality of our data is the key differentiator between the North American Combustion Turbine After-Market Analysis and other market-sizing services. Industrial Info's data is dynamic and continually confirmed by interviews with asset owners.

"We listened to the market and responded to requests from equipment manufacturers and service providers by introducing this new service," Chohan continued. "Companies can use this bottom-up, fact-based analytic tool to validate -- or revise -- their assumptions about the CT market."

Subscription details for Industrial Info's North American Combustion Turbine After-Market Analysis service can be obtained by clicking here, or speaking with our member services department at 1-800-762-3361.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit "Contact Us" page.

Contact Information

  • Contact:
    Joe Govreau