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
The last decade has seen the promise of a new generation of naval weapons and sensors. The development of railguns and lasers has caused these weapons to slowly emerge from the pages of fiction and become an impending if not quite fully realized reality. They are directed by equally new generations of active-array radars that provide a level of range and target discrimination that enables the long-sought defense against ballistic missile attack. These new systems have a major factor in common: they are all voracious consumers of electrical power. 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.
Rolls-Royce is solidifying its position in the naval power generation market with new, state-of-the-art applications for the company’s MT30 marine engine. The commissioning of the U.S. Navy’s newest destroyer, the USS Zumwalt (DDG 1000), later in the year and the Royal Navy’ s HMS Queen Elizabeth in 2017 shines a spotlight on the relatively new powerplant, as both platforms feature the MT30 as their main power generation system. The MT30 has a bright future, with Forecast International predicting that nearly 60 units collectively worth $1.345 billion will be produced over the next 10 years. Continue reading
by Edward Nebinger, Forecast International.
At PennWell’s PowerGen show, Forecast International introduced a new and singularly unique website. The new site, www.fi-powerweb.com, reports on and provides forecasts for all aspects of the world’s power and energy markets, with particular emphasis on gas & steam turbines, which have been a forte of the company for many years. Forecast International pioneered the development of the world’s first gas turbine forecast over 40 years ago and has since expanded its coverage to include power generation at all levels, combined-cycle (gas and steam) installations, mechanical drives for pipeline and other applications, and marine gas turbines, which are largely used for propulsion of naval surface warships. For aviation markets, FI tracks gas turbine power systems in five distinct market segments.