Forecast International has introduced a critical new upgrade to the Industrial & Marine Turbine Forecast module of its Platinum Forecast System. With this latest update, the Platinum Forecast System, Version 4.0, now provides forecasts of total additional annual installed capacity. Now, users can see three vital statistics projections for the industrial and marine turbines market – unit production, value of production, and total capacity of production – over the next 15 years, plus historical data stretching back 10 years. Continue reading
Since the turn of the last century, natural gas has been growing in popularity across the board as a fuel for power generation. Power from natural gas has traditionally been a relatively clean way to augment other sources of power, including renewables such as solar and wind. More recently, owing to lower prices and an increasing aversion to energy sources such as coal, methane-based gas has also been growing in appeal for baseload operations. Continue reading
There is a curious anomaly developing in the power generation industry: While demand for electricity is rising steadily and shows no sign of leveling off, let alone declining, the number and aggregate value of large power generation gas turbine sales are actually showing a slow but steady decline. A detailed and nuanced appraisal points to a complex picture underlying this situation.