China Closing in, but US to Remain Gas Turbine Market No.1 in 2020

Wednesday 15 May 2013, Amsterdam

Market Research Report Press Release Despite  the  uncertainty  surrounding  the  country’s  regulatory  scenario  and  the overcapacity  of  some  Combined  Cycle  Gas  Turbine  (CCGT)  plants,  the  US  is expected to remain the largest market for gas turbines in 2020, says the latest report.

The company’s latest publication anticipates US gas turbine revenue to plummet in the near future, from $1.4 billion in 2012 to $231m in 2018. However, a large-scale decommissioning of coal burning power plants will drive the need for more environmentally friendly gas-fired alternatives and push the US market value back up to $852m in 2020.

China’s gas turbine industry, however, can expect to demonstrate a much steadier rate of growth until the end of the decade, with revenue climbing from last year’s total of $456m to $842m in 2020.

Market revenue gains within China will be spurred on by the nation’s rising electricity demand and the continued implementation of a fuel diversification strategy aimed at reducing a burdensome dependence on coal.

Until 2004 there was virtually no gas-fired power generation in China, but with several long distance pipelines that came online between 2010 and 2011, and a number of new pipelines and Liquefied Natural Gas (LNG) import terminals currently either at planning or construction stages, the country’s gas turbine sector looks set to exhibitsignificant expansion in the foreseeable future.

We anticipates world gas turbine revenue to remain relatively stable in the coming years. Average annual global market revenue stood at $12.4 billion during 2006–2012 and is forecast to reach $11.8 billion for the period 2013-2020.

This report provides an in depth analysis of gas turbine market in China, the US, India, Indonesia, the UK, Germany, Brazil and Saudi Arabia.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by our team of industry experts.

Gas Turbines for Thermal Power, 2013 Update - Global Market Size, Average Pricing, Equipment Segmentation and Competitive Landscape Analysis to 2020

Gas Turbines for Thermal Power, 2013 Update - Global Market Size, Average Pricing, Equipment Segmentation and Competitive Landscape Analysis to 2020

Publish date : May 2013
Report code : ASDR-62826
Pages : 91

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