General Electric to Dominate Industrial Power Market

By Stuart Slade, Gas Turbine Systems Analyst, Forecast International.

Industrial & Marine Gas and Steam Turbines Market Share. Source: FI’s Platinum Forecast System

According to FI’s Platinum Forecast System, GE has clearly moved into the dominant world position in the production of industrial & marine gas and steam turbines.  As shown in the pie chart, GE Energy, with plants in Cincinnati (Ohio), Erie (Pennsylvania), Schenectady (New York), and Atlanta (Georgia), will capture 33.76 percent of the world market, valued at over $113.6 billion, during the 2017-2031 period.  In addition, subsidiaries in France, Italy, and Japan will contribute about 3 percent of production, bringing the overall share of GE up to almost 37 percent of the world market.   Continue reading

Solar Turbines – A Top I&M Market Performer

by Carter Palmer, Power Systems Specialist, Forecast International.

Source: Solar Turbines

Source: Solar Turbines

From its beginnings in pre-Depression America, Solar Turbines –  a Caterpillar company based in San Diego – has grown to command a top spot in the gas and steam turbines market.  Whether for industrial or marine applications, gas and steam turbines occupy a vast market, but just four manufacturers will account for more than 75 percent of the I&M market in the coming fifteen year period (2016-2030). The situation is different in terms of unit production –  where turbine size is a major factor in the number of units produced. Continue reading