DUBLIN--(BUSINESSWIRE)-- Research and Markets (http://www.researchandmarkets.com/research/t2qr34/gas_turbines_for) has announced the addition of the "Gas Turbines for Thermal Power, 2013 Update - Global Market Size, Average Pricing, Equipment Segmentation and Competitive Landscape Analysis to 2020" report to their offering.
China Closing in, but US to Remain Gas Turbine Market No. 1 in 2020
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 from research and consulting firm The authors.
Gas Turbines for Thermal Power, 2013 Update 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, forecasts The authors.
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 exhibit significant expansion in the foreseeable future.
The authors 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 $11.8 billion for the period 2013-2020.
- Data on the revenue generated from gas turbine sales at the global level
- Data on the market revenues, pricing and volume analysis of gas turbines for the market's leading countries, including the US, China, Brazil, India, Saudi Arabia, Indonesia, the UK and Germany
- Important regulations in the countries covered
- Detailed market share analysis of the top market participants, such as Siemens, General Electric, Alstom and Shanghai Electric.
Key Topics Covered:
1 Tables & Figures
3 Global Gas Turbine Market
3.2 Global Gas Turbine Market, Drivers and Impact Analysis, 2013-2020
3.3 Global Gas Turbine Market, Restraints and Impact Analysis, 2013-2020
3.4 Global Gas Turbine Market, Revenue ($m), 2006-2020
3.5 Global Gas Turbine Market, Volume, Units, 2006-2020
3.6 Global Gas Turbine Market, Market Share by MW Sales (%), 2012
4 Global Gas Turbine Market, Major Countries
4.1 China, Gas Turbine Market Analysis
4.2 The US, Gas Turbine Market Analysis
4.3 Germany, Gas Turbine Market Analysis
4.4 The UK, Gas Turbine Market Analysis
4.5 India, Gas Turbine Market Analysis
4.6 Indonesia, Gas Turbine Market Analysis
4.7 Saudi Arabia, Gas Turbine Market Analysis
4.8 Brazil, Gas Turbine Market Analysis
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