London, UK (PRWEB) October 13, 2014
The shale gas discovery in the U.S. has recently led to a significant reduction of gas prices in the country, a shift toward natural gas, and a lower level of import dependence. This surge in natural gas production is set to offer economic benefits, like an enhanced balance of trade. Thermal power took the lead in the U.S. power market as of 2013, comprising nearly 75% of overall installed capacity, and gas-fired power stations captured a dominant share of just over 40% of the cumulative thermal installed capacity. The U.S. is also increasing investments in renewable power generation, however, this will not be able to completely replace the current coal capacity and requirement. The U.S. accounted for 15% of worldwide gas turbine revenue generation from 2006 to 2013.
Moving forward, the world gas turbine market is projected to remain practically steady. Rising concerns over carbon emissions and global warming have made a lot of countries tighten emissions standards, encouraging the usage of cleaner sources of electricity generation, like natural gas. The U.S. is expected to account for the majority of market revenue, alongside with the emerging nations of the Middle East, Africa and Asia. The latter will account for the major portion of gas turbine revenue in the short run.
New research study “Gas Turbines for Thermal Power, 2014 Update - Global Market Size, Average Pricing, Equipment Segmentation and Competitive Landscape Analysis to 2020” worked out by GlobalData is now available at MarketPublishers.com
Title: Gas Turbines for Thermal Power, 2014 Update - Global Market Size, Average Pricing, Equipment Segmentation and Competitive Landscape Analysis to 2020
Published: October, 2014
Price: US$ 3,995.00
The report offers an in-depth analysis of the gas turbine market at a global level and country-wise. It contains accurate data on the revenue generated from the global sales of gas turbines, presents data on volume sales, market revenues and also a pricing analysis of gas turbines for the top country markets – the U.S., Brazil, China, Saudi Arabia, India, Indonesia, Germany and the UK. A discussion of drivers and limiters, average prices, revenues and annual capacity additions, as well as major regulations and key initiatives for each of the nations covered is included. The research study contains a granular market share analysis of the leading market players at a global and country scale for the overall gas turbine market. For each country, the market size and volume are segmented into the main four categories – 1-30 MW, 30-120 MW, 120-200 MW, and above 200 MW. Historical data and forecasts are provided for 2006-2013 and 2014-2020, respectively.
Reasons to Purchase:
- Improve decision-taking capability based on fact-based historical and forecast figures for the global and national gas turbine markets.
- Design and implement market penetration and new product development strategies.
- Position yourself to reap maximum benefits from the growth potential of the gas turbine market.
- Find key partners and identify business development avenues.
- Respond to your rivals’ business strategies, structures and prospects.
More new reports by the publisher can be found at GlobalData page.