SOURCE: MarketResearch.com

MarketResearch.com

September 10, 2012 04:00 ET

Market Research Forecasts $150 Billion Market Value for the Gas Turbine Electrical Power Industry

ROCKVILLE, MD--(Marketwire - Sep 10, 2012) - MarketResearch.com has announced the addition of "Industrial & Marine Turbine - Gas & Steam Turbines: The Market for Gas Turbine Electrical Power Generation," to their collection of Engines & Motors market reports. For more information, visit http://www.marketresearch.com/Forecast-International-v3585/Industrial-Marine-Turbine-Gas-Steam-7098274/

The world continues to increase its electricity consumption at an alarming rate, and the use of pollution-triggering fossil fuels such as coal continues to give the world's electrical power generation industry a black eye. Newer combined-cycle gas turbine electrical power generation systems, which are much more efficient and have a substantially reduced carbon footprint, have taken the industry by storm. These modern power systems not only reduce pollution; they have greatly increased the production efficiency of electrical power generation by utilizing the heat from the exhaust of the primary gas turbine engine to heat scrubbing water for an additional closed-loop steam turbine engine.

A diverse group of both well-known and lesser-known gas turbine manufacturers compete in the gas turbine electric power generation market. The larger, more well-recognized players in this market segment are GE Energy, Siemens, Alstom, Mitsubishi Heavy Industries, and Solar. These manufacturers are flanked by a lesser known group that includes Bharat Heavy Electricals, Daihatsu, Hitachi, and Safran.

This market study helps you to comprehend the dynamics of this market, in which 19 global manufacturers produce more than 50 unique models of gas turbine electrical power generation engines. This report studies the gas turbine electrical power generation market from multiple angles. The analyst first conducts a bottom-up, micro-level study to develop 10-year unit and value of production forecasts for each program or system, and then utilizes a top-down, macro-level approach to produce a forecast of each manufacturer's overall percent market share, again in terms of both units and value. This report divides the market into two segments.

The "Heavy" machines are those with output of 15,000 shp (11,185 kW) and greater, while the "Light" machines have a power output of up to 15,000 shp. Our market intelligence reports are designed to provide busy professionals with detailed information on each market segment, clearly and concisely. "The Market for Gas Turbine Electrical Power Generation" provides astute analysis of each engine, plus an in-depth overview of the principal market motivators, constraints, and opportunities. It offers insight on the future of this market, which has a forecast 10-year value of over $150 billion.

About MarketResearch.com

MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance. For more information, call Will Gray at 240-747-3008 or visit http://www.marketresearch.com.

Contact Information

  • Contact:
    Will Gray
    MarketResearch.com
    Email Contact
    240.747.3008