Our Company |   Join Our Club |      

news categories

news per location

July - August 2017

Read our bloggers

Power Plants

  • Directorio de Eficiencia energética

As per GlobalData Asia pacific region is the prospective market for declining Gas turbines.

Jump to the comments

The global gas turbine market is set to fall from $8.49 billion in 2016 to around $7.73 billion by 2021, representing a negative compound annual growth rate of 1.87%, according to research and consulting firm GlobalData.

The company's latest report states that global economic recession and the decrease in the price of gas turbines has heavily impacted market value, with a large number of projects being cancelled or postponed, and widespread delays in maintenance projects. Gas turbine companies are now concentrating on expanding their operations in emerging markets, which offer the best opportunities for growth.

Subha Krishnan, Power Analyst for GlobalData, explains: "In the emerging economies of Asia-Pacific (APAC), extensive power plant capacity additions, economic growth, and the need to improve access to electricity are driving the gas turbine market. Rising coal and natural gas production are increasingly earmarked for domestic markets in order to support the region's rapid economic growth and development, while oil output continues to decline as the most productive fields are progressively exploited and only partially replaced by new production."

The region's primary energy demand is projected to grow at a rate of 2.1% per year between 2010 and 2035, which is faster than the projected world average growth rate of 1.5% per year during the same period. Due to an increased deployment of gas-based power plants, natural gas demand will increase at a faster rate during this period than coal and oil, meaning its share will rise from 11.4% in 2010 to 17.5% by 2035.

Krishnan continues: "As most APAC economies, including China, India, Indonesia and Thailand, are looking to build new generation capacity, the low price of gas is also projected to boost its share in the overall energy generation mix of many countries. The use of gas and renewable energy is increasingly promoted by governments in the region to address the rising energy demand and need for reducing carbon emissions.

"Despite the rising price of coal, the commercialization of renewable energy continues to be an expensive option for utility companies. As a result, revenue for coal-based generation technologies is expected to climb over the forecast period, and the gas power market in the APAC region, though small when compared to the coal sector, is expected to expand considerably in the near future."

Thermal Power Plants | News published on 14 / 04 / 2017 by Rashmi Nargundkar

Comments in this news Add yours


I do not know how and why would there be a declining prospective market. From what I learned from the custom writings, this was not supposed to be the case. Anyways, it is nice that you shared the information with us here.
Posted on 14 / 04 / 2017 | fast

weightloss without diet

The web site is lovingly serviced and saved as much as date. So it should be, thanks for sharing this with us.
Posted on 14 / 04 / 2017 | weightloss without diet

mobile pr release

Many thanks for the exciting blog posting! Simply put your blog post to my favorite blog list and will look forward for additional updates. Simply wanted to write down a word in order to say thanks to you for those wonderful tips.
Posted on 14 / 04 / 2017 | mobile pr release

best journalist apps

Very good points you wrote here..Great stuff...I think you've made some truly interesting points.Keep up the good work
Posted on 14 / 04 / 2017 | best journalist apps

small business pr

This is an awesome rousing article.I am practically satisfied with your great work.You put truly exceptionally supportive data. Keep it up. Continue blogging. Hoping to perusing your next post.
Posted on 14 / 04 / 2017 | small business pr

NJ Party Bus

Posted on 14 / 04 / 2017 | NJ Party Bus


Posted on 14 / 04 / 2017 | goevo

designer shoes sale uk

That's what makes you the best. You should keep publishing more articles and you will Such Become One of the best writers ever
Posted on 14 / 04 / 2017 | designer shoes sale uk

Party Bus NJ

Good focuses you composed here..Great stuff...I think you've made some genuinely intriguing points.Keep up the great work.
Posted on 14 / 04 / 2017 | Party Bus NJ

natural weightloss

Thanks for the blog loaded with so many information. Stopping by your blog helped me to get what I was looking for.
Posted on 14 / 04 / 2017 | natural weightloss

Find tires cheap

This is a wonderful article, Given so much info in it, These type of articles keeps the users interest in the website, and keep on sharing more ... good luck.
Posted on 14 / 04 / 2017 | Find tires cheap

top florida pr firms

Great post. I found your website perfect for my needs. Very useful info specifically the last part. Thank you for sharing with us, and we sincerely hope you will continue to update or post other articles
Posted on 14 / 04 / 2017 | top florida pr firms

free press release distribution

I really impressed after read this because of some quality work and informative thoughts . I just wanna say thanks for the writer and wish you all the best for coming!
Posted on 14 / 04 / 2017 | free press release distribution

italian boots sale

Posted on 14 / 04 / 2017 | italian boots sale

find tires online

The web site is lovingly serviced and saved as much as date. So it should be, thanks for sharing this with us.
Posted on 14 / 04 / 2017 | find tires online

find tires online

The web site is lovingly serviced and saved as much as date. So it should be, thanks for sharing this with us.
Posted on 14 / 04 / 2017 | find tires online

health public relations

Really nice and interesting post. I was looking for this kind of information and enjoyed reading this one.
Posted on 14 / 04 / 2017 | health public relations

  Other Interesting News

PFS to finance diverse energy projects in India PROINSO strengthens its position in Mexico with a new branch AWS Truepower Releases North America, Europe, and India Wind Trends Bulletins Poland gets more of WINAICO with 1.5 MW deal Entire Nation adopts GoI's UJALA scheme