Description
A market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry analysis and thus in turn of the global environmental analysis. Through all of these analyses the opportunities, strengths, weaknesses and threats of a company can be identified.
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
Reference Code: GDPE1002ICR Growing Global Thermal Power Industry Thermal energy is the most dominant source of energy used around the world for electricity generation. Hence, it also has a greater installed capacity when compared with any other source of energy. The global cumulative installed capacity for thermal energy as on 2000 was XX million MW which increased to XX million MW in 2009, representing a CAGR of XX% over this period. The future installed capacity is also expected to follow the same trend, with the total installed capacity expected to be around 5million MW in 2020. The growth clearly represents the dependence on this source of energy for power generation all over the world. Even with a rising population and increase in the demand for electricity every year, there have been challenges in shifting towards alternative sources of energy for power generation, because either they have been uneconomical or simply not sufficient enough to fulfill the requirements. The chart below represents the cumulative installed capacity for thermal power for the years 2000, 2009 and 2020. Publication Date: August 2010 the crisis had on the turbine market. However, the future of this market looks bright, with many projects scheduled to go live in future and many contracts undertaken in the gas turbine market. The chart below indicates the revenue of the global gas turbine market for the years 2000, 2009 and 2020. Gas Turbine Market, Global, Revenue ($m), 2000–2020
Global Thermal Power Industry, Cumulative Installed Capacity (MW), 2000–2020
2000 2009 2020
Source: GlobalData
Global, Thermal Installed Capacity(MW)
Key Players in the Gas Turbine Market Over the years there has been one organization that has dominated the global gas turbine market. General Electric (GE) leads all other firms in this market, consistently maintaining a market share of more than XX% for many consecutive years. The main reason for this has been its brand name and also the large portfolio of gas turbines that GE sells. It offers the widest range of heavy duty gas turbine in the market, ranging from XX MW to XX MW. It has a global installed fleet of more than XX gas turbines: the largest installed base of any gas turbine supplier worldwide. GE has a strong presence in countries such as Saudi Arabia, Nigeria, Spain, Germany, South Africa and Taiwan. Siemens is another leader in the gas turbine market. It has XX gas turbine models with capacities ranging from XX MW to XX MW. America has been the major region from where Siemens gets the major part of its revenue and has sold around XX units of gas turbine there as of 2009. It also has a major manufacturing hub in that region in Charlotte, North Carolina. Other players in this market are Mitsubishi Heavy Industries Limited, Alstom SA, Bharat Heavy Electricals Limited (BHEL) and Rolls Royce Group.
2000
2009
2020
Source: GlobalData
Revival Stage for the Global Gas Turbine Market After the economic crisis last year, the global gas turbine market is currently in the revival phase. Very few countries were able to insulate themselves from the liquidity crunch that followed it. This resulted in a considerable decrease in the global gas turbine orders in the year 2009. The liquidity crunch that followed the sub prime crisis resulted in absence of financing option for various projects. The lack of confidence of investors in projects resulted in the overall decline of the market. The global gas turbine market fell from $ XXm in 2007 to $XXm in 2009. This slump clearly indicates the impact that
Revenues ($m)
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 1 © GlobalData. This report is a licensed product and is not to be photocopied
1
1
Table of contents
Table of contents................................................................................................................................... 2 1.1 List of Tables .................................................................................................................................. 4 1.2 List of Figures ................................................................................................................................. 5 Introduction ........................................................................................................................................... 7 2.1 GlobalData Report Guidance.......................................................................................................... 7 Electricity Generation ............................................................................................................................ 8 3.1 Electricity Generation, Thermal Energy .......................................................................................... 8 3.2 Electricity Generation, Alternative Energy ...................................................................................... 9 3.3 Electricity Generation, Nuclear Energy ..........................................................................................10 3.4 Electricity Generation, Hydro Energy.............................................................................................10 3.5 Thermal Energy, Turbines .............................................................................................................10 3.5.1 Thermal Energy, Steam Turbines.........................................................................................12 3.5.2 Thermal Energy, Gas Turbines.............................................................................................13 Global Power Industry Analysis, 2000–2020........................................................................................14 4.1 Global Power Industry, Installed Capacity, 2000–2020 .................................................................14 4.2 Global Power Industry, Power Generation, 2000–2020.................................................................16 Global Thermal Power Industry Analysis, 2000–2020..........................................................................18 5.1 Global Thermal Power Industry, Installed Capacity, 2000–2020 ...................................................18 5.2 Global Thermal Power Industry, Power Generation, 2000–2020...................................................20 Global Gas Turbine Market Analysis, 2000–2020 ................................................................................22 6.1 Global Gas Turbine Market, Overview...........................................................................................22 6.2 Global Gas Turbine Market, Growth Opportunity Analysis ............................................................22 6.2.1 Drivers of the Gas Turbine Market:.......................................................................................22 6.2.2 Restraints of Gas Turbine Market.........................................................................................23 6.3 Global Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 .................................24 6.4 Global Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ...................................26 6.5 Global Gas Turbine Market, Market Share Analysis, by revenues, 2009.......................................27 6.6 Global Gas Turbine Market, Purchase Criteria Analysis................................................................29 6.7 Global Gas Turbine Market, Technological Developments............................................................29 6.7.1 Technological Developments, Siemens, SGT5- 8000H........................................................30 6.7.2 Technological Development, MHI’s G series ........................................................................30 6.7.3 Technological Development, GE 7FA...................................................................................31 North America, Gas Turbine Market Analysis, 2000–2020...................................................................32 7.1 North America, Market Size Analysis, 2005–2009.........................................................................32 7.2 North America, Country Share, by Volumes, 2009 ........................................................................33 7.3 North America, Gas Turbine Market, United States.......................................................................34 7.3.1 United States, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ............34 7.3.2 United States, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ..............36 7.3.3 The US, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 .........................38 7.3.4 United States, Gas Turbine Market, Regulations..................................................................39 7.3.5 The US, Gas Turbine Market, Pricing Analysis, 2000–2020.................................................41 7.4 North America, Gas Turbine Market, Canada................................................................................42 7.4.1 Canada, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 .....................43 7.4.2 Canada, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 .......................45 7.4.3 Canada, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 .........................47 7.4.4 Canada, Gas Turbine Market, Regulations...........................................................................48 7.4.5 Canada, Gas Turbine Market, Pricing Analysis, 2000–2020 ................................................49 Europe, Gas Turbine Market Analysis, 2000–2020 ..............................................................................51 8.1 Europe, Market Size Analysis, 2005–2009 ....................................................................................51 8.2 Europe, Country Share by Volume, 2009 ......................................................................................52 8.3 Europe, Gas Turbine Market, Italy .................................................................................................53 8.3.1 Italy, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020...........................53 8.3.2 Italy, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 .............................55 8.3.3 Italy, Gas Turbine Market, Market Share Analysis, by Revenues, 2009...............................57 8.3.4 Italy, Gas Turbine Market, Regulations ................................................................................58 8.3.5 Italy, Gas Turbine Market, Pricing Analysis, 2000–2020 ......................................................59 8.4 Europe, Gas Turbine Market, Russian Federation.........................................................................60 8.4.1 Russian Federation, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ..61 8.4.2 Russian Federation, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020....63
2 3
4
5
6
7
8
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 2 © GlobalData. This report is a licensed product and is not to be photocopied
Russian Federation, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 ......65 8.4.3 8.4.4 Russian Federation, Gas Turbine Market, Regulations ........................................................66 8.4.5 Russian Federation, Gas Turbine Market, Pricing Analysis, 2000–2020..............................67 8.5 Europe, Gas Turbine Market, United Kingdom ..............................................................................68 8.5.1 The UK, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 .....................68 8.5.2 The UK, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 .......................71 8.5.3 The UK, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 .........................73 8.5.4 The UK, Gas Turbine Market, Regulations ...........................................................................74 8.5.5 The UK, Gas Turbine Market, Pricing Analysis, 2000–2020.................................................75 9 Asia Pacific, Gas Turbine Market Analysis, 2000–2020 .......................................................................77 9.1 Asia Pacific, Market Size Analysis, 2005–2009 .............................................................................77 9.2 Asia Pacific, Country Share by Number of Units Sold, 2009 .........................................................78 9.3 Asia Pacific, Gas Turbine Market, China .......................................................................................79 9.3.1 China, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ........................79 9.3.2 China, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ..........................81 9.3.3 China, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 ............................82 9.3.4 China, Gas Turbine Market, Regulations..............................................................................84 9.3.5 China, Gas Turbine Market, Pricing Analysis, 2000–2020 ...................................................86 9.4 Asia Pacific, Gas Turbine Market, India.........................................................................................87 9.4.1 India, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020..........................88 9.4.2 India, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ............................90 9.4.3 India, Gas Turbine Market, Market Share Analysis, by Revenues, 2009..............................92 9.4.4 India, Gas Turbine Market, Regulations ...............................................................................93 9.4.5 India, Gas Turbine Market, Pricing Analysis, 2000–2020 .....................................................95 9.5 Asia Pacific, Gas Turbine Market, Republic Of Korea ...................................................................96 9.5.1 Republic of Korea, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ....97 9.5.2 Republic of Korea, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ......99 9.5.3 Republic of Korea, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 .......101 9.5.4 Republic of Korea, Gas Turbine Market, Regulations.........................................................101 9.5.5 Republic of Korea, Gas Turbine Market, Pricing Analysis, 2000–2020 ..............................103 10 Middle East and Africa, Gas Turbine Market Analysis, 2000–2020....................................................105 10.1 Middle East and Africa, Market Size Analysis, 2005–2009..........................................................105 10.2 Middle East and Africa, Country Share by Number of Turbines Sold, 2009 ................................106 10.3 Middle East and Africa, Gas Turbine Market, Iran (Islamic Republic of Iran)...............................107 10.3.1 Iran, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 .........................107 10.3.2 Iran, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ...........................109 10.3.3 Iran, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 .............................111 10.3.4 Iran, Gas Turbine Market, Regulations ...............................................................................112 10.3.5 Iran, Gas Turbine Market, Pricing Analysis, 2000–2020.....................................................113 10.4 Middle East and Africa, Gas Turbine Market, Saudi Arabia.........................................................114 10.4.1 Saudi Arabia, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ...........115 10.4.2 Saudi Arabia, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 .............117 10.4.3 Saudi Arabia, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 ...............119 10.4.4 Saudi Arabia, Gas Turbine Market, Regulations.................................................................120 10.4.5 Saudi Arabia, Gas Turbine Market, Pricing Analysis, 2000–2020 ......................................121 10.5 Middle East and Africa, Gas Turbine Market, United Arab Emirates ...........................................122 10.5.1 UAE, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ........................123 10.5.2 UAE, Gas Turbine Market, Annual Revenue Analysis and Forecast, 2000–2020 ..............125 10.5.3 UAE, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 ............................127 10.5.4 UAE, Gas Turbine Market, Regulations..............................................................................128 10.5.5 UAE, Gas Turbine Market, Pricing Analysis, 2000–2020 ...................................................130 11 Global Gas Turbine Market, Key Players ...........................................................................................132 11.1 Global Gas Turbine Market Share ...............................................................................................132 11.2 Product Portfolio Strength............................................................................................................133 11.2.1 Power Output, MW .............................................................................................................133 11.2.2 Heat Rate, Btu/KWh ...........................................................................................................133 11.3 Global Presence ..........................................................................................................................134 11.4 Growth Strategy...........................................................................................................................136 11.4.1 Siemens AG .......................................................................................................................137 11.4.2 General Electric ..................................................................................................................137 11.4.3 Alstom SA...........................................................................................................................137 11.4.4 Mitsubishi Heavy Industries ................................................................................................137 12 Appendix ............................................................................................................................................138 12.1 About Power eTrack ....................................................................................................................138 Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 3 © GlobalData. This report is a licensed product and is not to be photocopied
1.1
List of Tables
Table 1: Thermal Energy, Global, Installed Capacity by Country (%), 2009 ............................................... 9 Table 2: Global Turbine break up, by Value ($ m), 2009 ...........................................................................11 Table 3: Global Power Industry, Cumulative Installed Capacity (MW), 2000–2020 ...................................15 Table 4: Global Power Industry, Electricity Generation (GWh), 2000–2020...............................................17 Table 5: Global Thermal Power Industry, Installed Capacity (MW), 2000–2020 ........................................19 Table 6: Global Thermal Power Industry, Power Generation (GWh), 2000–2020......................................21 Table 7: Gas Turbine Market, Global, Market Accelerators and Their Impact, 2009–2020........................23 Table 8: Gas Turbine Market, Global, Market Decelerators and their Impact, 2009–2020 ........................24 Table 9: Gas Turbine Market, Global, Unit Shipment, 2000–2020.............................................................25 Table 10: Gas Turbine Market, Global, Revenue ($m), 2000–2020...........................................................27 Table 11: Gas Turbine Market, Global, Company Share (%), 2009...........................................................28 Table 12: Gas Turbine Market, North America, Units Shipments, 2005–2009...........................................32 Table 13: Gas Turbine Market, North America, Unit Shipments by Country, 2009 ....................................33 Table 14: Gas Turbine Market, The US, Unit Shipment , 2000–2020 ........................................................35 Table 15: Gas Turbine Market, The US, Revenue ($m), 2000–2020.........................................................37 Table 16: Gas Turbine Market, The US, Market Share (%), 2009 .............................................................38 Table 17: Gas Turbine Market, The US, Average Price ($ per kW), 2000–2020 .......................................42 Table 18: Gas Turbine Market, Canada, Unit Shipment, 2000–2020.........................................................44 Table 19: Gas Turbine Market, Canada, Revenue ($), 2000–2020 ...........................................................46 Table 20: Gas Turbine Market, Canada, Market Share (%), 2000–2020 ...................................................47 Table 21: Canada, Provincial Regulatory Authorities.................................................................................48 Table 22: Gas Turbine Market, Canada, Average Price ($ per KW), 2000–2020 ......................................50 Table 23: Gas Turbine market, Europe, Unit Shipments, 2005–2009........................................................51 Table 24: Gas Turbine Market, Europe, Unit Shipments, by Country, 2009 ..............................................52 Table 25: Gas Turbine Market, Italy, Unit Shipment, 2000–2020...............................................................54 Table 26: Gas Turbine Market, Italy, Revenue ($m), 2000–2020 ..............................................................56 Table 27: Gas Turbine Market, Italy, Market Share (%), 2009 ...................................................................57 Table 28: Gas Turbine Market, Italy, Average Price ($ per kW), 2000–2020 .............................................60 Table 29: Gas Turbine Market, Russian Federation, Unit Shipment, 2000–2020 ......................................62 Table 30: Gas Turbine Market, Russian Federation, Revenue ($m), 2000–2020 ......................................64 Table 31: Gas Turbine Market, Russian Federation, Market Share (%), 2009...........................................65 Table 32: Gas Turbine Market, Russian Federation, Average Price ($ per kW), 2000–2020 ....................68 Table 33: Gas Turbine Market, The UK, Unit Shipment, 2000–2020 .........................................................70 Table 34: Gas Turbine Market, The UK, Revenue ($m), 2000–2020........................................................72 Table 35: Gas Turbine Market, The UK, Market Share(%), 2009 ..............................................................73 Table 36: Gas Turbine Market, The UK, Average Price ($ per kW), 2000–2020 .......................................76 Table 37: Gas Turbine Market, Asia Pacific, Unit Shipments, 2005–2009 .................................................78 Table 38: Gas Turbine Market, Asia Pacific, Unit Shipments, by Country, 2009........................................78 Table 39: Gas Turbine Market, China, Unit Shipment, 2000–2020............................................................80 Table 40: Gas Turbine Market, China, Revenue ($m), 2000–2020............................................................82 Table 41: Gas Turbine Market, China, Market Share (%), 2009 ................................................................83 Table 42: Gas Turbine Market, China, Average Price ($ per kW), 2000–2020 ..........................................87 Table 43: Gas Turbine Market, India, Unit Shipment, 2000–2020 .............................................................89 Table 44: Gas Turbine Market, India, Revenue ($m), 2000–2020 .............................................................91 Table 45: Gas Turbine Market, India, Market Share (%), 2009..................................................................92 Table 46: Gas Turbine Market, India, Average Price ($ per kW), 2000–2020............................................96 Table 47: Gas Turbine Market, South Korea, Unit Shipment, 2000–2020 .................................................98 Table 48: Gas Turbine Market, South Korea, Revenue ($m), 2000–2020 ...............................................100 Table 49: Gas Turbine Market, Republic of Korea, Market Share (%), 2009 ...........................................101 Table 50: South Korea Power Market, Expenditure on Green Growth ($bn), 2009-2013 ........................103 Table 51: Gas Turbine Market, Republic of Korea, Average Price ($ per kW), 2000–2020 .....................104 Table 52: Gas Turbine Market, Middle East and Africa, Unit Shipments, 2005–2009..............................105 Table 53: Gas Turbine Market, Middle East and Africa, Unit Shipments by Volume, 2009......................106 Table 54: Gas Turbine Market, Iran, Unit Shipment, 2000–2020 .............................................................108 Table 55: Gas Turbine Market, Iran, Revenue ($m), 2000–2020.............................................................110 Table 56: Gas Turbine Market, Iran, Market Share (%), 2009 .................................................................111 Table 57: Gas Turbine Market, Iran, Average Price ($ per kW), 2000–2020 ...........................................114 Table 58: Gas Turbine Market, Saudi Arabia, Unit Shipment, 2000–2020...............................................116 Table 59: Gas Turbine Market, Saudi Arabia, Revenue ($m), 2000–2020 ..............................................118 Table 60: Gas Turbine Market, Saudi Arabia, Market Share (%), 2009 ...................................................119
GDPE1002ICR /Published AUG 2010 Page 4 © GlobalData. This report is a licensed product and is not to be photocopied
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
Table 61: Gas Turbine Market, Average price, Saudi Arabia ($ per kW), 2000–2020 .............................122 Table 62: Gas turbine Market, UAE, Unit Shipment, 2000–2020 .............................................................124 Table 63: Gas Turbine Market, UAE, Revenue ($m), 2000–2020............................................................126 Table 64: Gas Turbine Market, UAE, Market Share (%), 2009 ................................................................127 Table 65: Gas Turbine Market, UAE, Average Price ($ per kW), 2000–2020 ..........................................131 Table 66: Gas Turbine Models by Power Output from Key Companies, to 2009 .....................................133 Table 67: Gas Turbine Models by Heat Rate from Key Companies, Till 2009 .........................................134 Table 68: Siemens, Operating Fleet of Gas Turbine as on 2009 .............................................................134 Table 69: Mitsubishi Heavy Industries, Number of Gas Turbines sold as of 2009 ...................................136 Table 70: Company Benchmarking, Top 4 Turbine Suppliers..................................................................136
1.2
List of Figures
Figure 1: Thermal Energy, Global, Installed Capacity by Country (%), 2009 .............................................. 8 Figure 2: Global Turbine Break up, by Value (%), 2009.............................................................................11 Figure 3: Steam Turbine, How does it work ...............................................................................................12 Figure 4: Gas Turbine, How does it work ...................................................................................................13 Figure 5: Global Power Industry, Cumulative Installed Capacity (MW), 2000–2020 ..................................14 Figure 6: Global Power Industry, Electricity Generation (GWh), 2000–2020 .............................................16 Figure 7: Global Thermal Power Industry, Installed Capacity (MW), 2000–2020.......................................18 Figure 8: Global Thermal Power Industry, Power Generation (GWh), 2000–2020 ....................................20 Figure 9: Gas Turbine Market, Global, Unit Shipment, 2000–2020............................................................24 Figure 10: Gas Turbine Market, Global, Revenue ($m), 2000–2020 .........................................................26 Figure 11: Gas Turbine Market, Global, Market Share (%), 2009 ..............................................................28 Figure 12: Gas Turbine Market, North America, Units Shipments, 2005–2009..........................................32 Figure 13: Gas Turbine Market, North America, Country Share (%), by Volumes, 2009 ...........................33 Figure 14: Gas Turbine Market, The US, Unit Shipment , 2000–2020.......................................................34 Figure 15: Gas Turbine Market, The US, Revenue ($m), 2000–2020........................................................36 Figure 16: Gas Turbine Market, The US, Market Share (%), 2009 ............................................................38 Figure 17: Gas Turbine Market, The US, Average Price ($ per kW), 2000–2020 ......................................41 Figure 18: Gas Turbine Market, Canada, Unit Shipment, 2000–2020 .......................................................43 Figure 19: Gas Turbine Market, Canada, Revenue ($m), 2000–2020 .......................................................45 Figure 20: Gas Turbine Market, Canada, Market Share (%), 2000–2020 ..................................................47 Figure 21: Gas Turbine Market, Canada, Average Price ($ per kW), 2000–2020......................................49 Figure 22: Gas Turbine market, Europe, Unit Shipments, 2005–2009.......................................................51 Figure 23: Gas Turbine Market, Europe, Country Share (%), 2009 ...........................................................52 Figure 24: Gas Turbine Market, Italy, Unit Shipment, 2000–2020 .............................................................53 Figure 25: Gas Turbine Market, Italy, Revenue ($m), 2000–2020 .............................................................55 Figure 26: Gas Turbine Market, Italy, Market Share(%), 2009...................................................................57 Figure 27: Gas Turbine Market, Italy, Average Price ($ per kW), 2000–2020............................................59 Figure 28: Gas Turbine Market, Russian Federation, Unit Shipment , 2000–2020 ....................................61 Figure 29: Gas Turbine Market, Russian Federation, Revenue ($m), 2000–2020.....................................63 Figure 30: Gas Turbine Market, Russian Federation, Market Share (%), 2009 .........................................65 Figure 31: Gas Turbine Market, Russian Federation, Average Price ($ per kW), 2000–2020 ...................67 Figure 32: Gas Turbine Market, The UK, Unit Shipment, 2000–2020.......................................................69 Figure 33: Gas Turbine Market, The UK , Revenue ($m), 2000–2020......................................................71 Figure 34: Gas Turbine Market, The UK, Market Share(%), 2009 ............................................................73 Figure 35: Gas Turbine Market, The UK , Average Price ($ per kW), 2000–2020 ....................................75 Figure 36: Gas Turbine Market, Asia Pacific, Unit Shipments, 2005–2009................................................77 Figure 37: Gas Turbine Market, Asia Pacific, Country Share (%), 2009 ....................................................78 Figure 38: Gas Turbine Market, China, Unit Shipment, 2000–2020...........................................................79 Figure 39: Gas Turbine Market, China, Revenue ($m), 2000–2020 ..........................................................81 Figure 40: Gas Turbine Market, China, Market Share (%), 2009 ...............................................................83 Figure 41: Gas Turbine Market, China, Average Price ($ per kW), 2000–2020 .........................................86 Figure 42: Gas Turbine Market, India, Unit Shipment, 2000–2020 ............................................................88 Figure 43: Gas Turbine Market, India, Revenue ($m), 2000–2020 ............................................................90 Figure 44: Gas Turbine Market, India, Market Share (%), 2009.................................................................92 Figure 45: Gas Turbine Market, India, Average Price ($ per kW), 2000–2020...........................................95 Figure 46: Gas Turbine Market, South Korea, Unit Shipment, 2000–2020 ................................................97 Figure 47: Gas Turbine Market, South Korea, Revenue ($m), 2000–2020 ................................................99 Figure 48: Gas Turbine Market, Republic of Korea, Market Share (%), 2009 ..........................................101 Figure 49: Gas Turbine Market, Republic of Korea, Average Price ($ per kW), 2000–2020 ....................104 Figure 50: Gas Turbine Market, Middle East and Africa, Unit Shipments, 2005–2009 ............................105
GDPE1002ICR /Published AUG 2010 Page 5 © GlobalData. This report is a licensed product and is not to be photocopied
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
Figure 51: Gas Turbine Market, Middle East and Africa, Country Share (%), 2009 .................................106 Figure 52: Gas Turbine Market, Iran, Unit Shipment, 2000–2020............................................................107 Figure 53: Gas Turbine Market, Iran, Revenue ($m), 2000–2020............................................................109 Figure 54: Gas Turbine Market, Iran, Market Share (%), 2009 ................................................................111 Figure 55: Gas Turbine Market, Iran, Average Price ($ per kW), 2000–2020 ..........................................113 Figure 56: Gas Turbine Market, Saudi Arabia, Unit Shipment, 2000–2020 .............................................115 Figure 57: Gas Turbine Market, Saudi Arabia, Revenue ($m), 2000–2020 .............................................117 Figure 58: Gas Turbine Market, Saudi Arabia, Market Share (%), 2009..................................................119 Figure 59: Gas Turbine, Average price, Saudi Arabia ($ per kW), 2000–2020 ........................................121 Figure 60: Gas turbine Market, UAE, Unit Shipment, 2000–2020............................................................123 Figure 61: Gas Turbine Market, UAE, Revenue ($m), 2000–2020 ..........................................................125 Figure 62: Gas Turbine Market, UAE, Market Share (%), 2009 ...............................................................127 Figure 63: Gas Turbine Market, UAE, Average Price ($ per kW), 2000–2020 .........................................130 Figure 64: Gas Turbine Market, Global, Market Share (%), 2009 ............................................................132 Figure 65: Mitsubishi Heavy Industries, Number of Units Sold Worldwide, as of 2009, by Model and by Region ....................................................................................................................................135 Figure 66: Mitsubishi Heavy Industries, Number of Gas Turbine sold as of 2009, Region-wise .............135
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 6 © GlobalData. This report is a licensed product and is not to be photocopied
2
Introduction
The years 2008 and 2009 witnessed a huge fall in the gas turbine market. The global financial crisis of late 2008 and the liquidity crunch that followed were the main reason behind this dip in the thermal energy market. However keeping in consideration the impact of the crisis on different markets, the energy market still performed sufficiently well and also showed signs for future growth. The global thermal power sector will expand in the near future, primarily due to the increasing demand for electricity in many regions across the world. This increase in the demand for electricity can be attributed to the constant increase in the global population figures. As thermal power grows, the demand for an array of key equipment used in the thermal industry will also grow. Gas turbine is the most important equipment used in thermal power generation facilities. An increase in thermal power would indicate higher sales of gas turbines as compared to steam turbines, primarily because of the advantages of gas turbine over its steam counterpart. A turbine is a rotating engine that converts kinetic energy into mechanical energy. It is powered by a moving fluid, which causes its blades to rotate. As the blades rotate, some of the kinetic energy is extracted from the source (air flow or moving fluid) and is converted to mechanical energy, which is eventually converted to electricity using a generator. There are three types of turbine: wind turbines, steam turbines, and gas turbines. Wind turbines are used in windmills that use air flow to rotate the blades attached to it. On the other hand, gas and steam turbines use thermal energy by burning fossil fuels or natural gas to move the blades. Gas turbines tend to have certain advantages over steam turbines. Gas turbine does not require a boiler, like steam turbine; hence the weight of gas turbine is less than its counterpart. Gas turbines are also useful in places where water is scarce and it is not possible to supply water in abundance for raising steam. GlobalData’s report on the gas turbine market provides market analysis and forecast of this equipment and an analysis of the companies manufacturing gas turbines.
2.1
? ? ? ?
GlobalData Report Guidance
This report comprises of the introduction to the global gas turbine market. The next chapter talks about the global power industry, in terms of both installed capacity and power generation. This is followed by a chapter on the thermal power industry worldwide, again focusing both on the installed capacity and power generation. The next chapter analyzes the global gas turbine market, where it explains the drivers and restraints of the gas turbine market. Also it talks about the market size, revenue and the market share of the global gas turbine business. The following chapter talks about the gas turbine market in North America, focusing on the US and Canada with respect to market size, revenue, average price, market share and regulations. The next chapter analyzes the gas turbine market in Europe, focusing on Italy, the UK and Russia. Again it covers these countries with respect to market size, revenues, market share, average price and regulations. The following chapter provides an in depth analysis of the Asia Pacific gas turbine market. It talks about three countries: China, India and Republic of Korea. It represents data and the analysis related to the market size, revenues, market share, average price and the regulation in each of the countries. This is followed by an analysis of the Middle East and Africa’s gas turbine market, focusing on Saudi Arabia, UAE and Iran. They are analyzed on the basis of market size, revenues, market share, average price and regulations. The next chapter benchmarks the top four players in the gas turbine market - General Electric, Siemens AG, Alstom SA and Mitsubishi Heavy Industries. They are compared on the basis of their market share, product portfolio, global presence and growth strategy.
? ?
?
?
?
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 7 © GlobalData. This report is a licensed product and is not to be photocopied
5.2
Global Thermal Power Industry, Power Generation, 2000–2020
Electricity generation though thermal sources has always exceeded electricity generation through any other sources. The global generation from thermal sources in 2000 was XX million GWh which increased to XX million GWh in 2009, representing a CAGR of XX%. It is expected that in 2020, the global cumulative electricity generation will be XX million GWh, representing an overall CAGR of XX% for the period 2009–2020. The figure below represents the global electricity generation by thermal sources of energy for the period 2000–2020.
Figure 8: Global Thermal Power Industry, Power Generation (GWh), 2000–2020
Power Generation (GWh)
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Source: GlobalData,
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 20 © GlobalData. This report is a licensed product and is not to be photocopied
2020
7.3.3
The US, Gas Turbine Market, Market Share Analysis, by Revenues, 2009
GE has been the market leader in the gas turbine market in the US for many years. It has outshone all other manufacturers in the country in terms of sales. With its huge portfolio of gas turbines and also a commanding brand name, it has made sure of its dominance in the market. 2009 was no different, with GE attaining a 35% share of the market, higher than any of its counterparts. Siemens Power Generation was second in line with XX% share of the market. It has been getting around a XX–XX% share of the market since 2000. Pratt & Whitney is another strong player in the gas turbine market, but in 2009 it was able to attain only a XX% share of the market. Other big names include Alstom SA, Mitsubishi Heavy Industries and Rolls Royce plc. The chart below represents the market share of manufacturers in the gas turbine market in the US for the period 2000–2020.
Figure 16: Gas Turbine Market, The US, Market Share (%), 2009
Others Rolls-Royce Group Plc Pratt & Whitney Solar Turbines Incorporated General Electric Company
Alstom SA Siemens Power Generation
Mitsubishi Heavy Industries, Ltd.
Source: GlobalData, Primary Interviews with Industry Experts
The table below indicates the market share of manufacturers in the gas turbine market in the US for the period 2000–2020.
Table 16: Gas Turbine Market, The US, Market Share (%), 2009
Company Name General Electric Company Siemens Power Generation Mitsubishi Heavy Industries, Ltd. Alstom SA Solar Turbines Incorporated Pratt & Whitney Rolls-Royce Group Plc. Others
Source: GlobalData, Primary Interviews with Industry Experts
Market Share (%)
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 38 © GlobalData. This report is a licensed product and is not to be photocopied
12
Appendix
12.1 About Power eTrack
The data and analysis within this report is driven by the Power eTrack. The Power eTrack provides you with the key information to drive sales, investment and deal making activity in your business. It includes the following information: ? ? ? ? ? ? More than 45,000 power plants globally. Capacity and Generation Database with historical and forecast numbers by technology for key countries. Equipment Market Size and Share Database for key countries. Transmission and Distribution Database for key countries. Power Equipment Contracts Database for more than 6,500 contracts. More than 26,000 deals globally.
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 138 © GlobalData. This report is a licensed product and is not to be photocopied
12.2 Abbreviations
Table 71: Abbreviations
Abbreviations ADWEA ADWEC APAC APDRP AT&C BCAP BHEL BTU CAGR CCGT CCS CDM CEA CERC COACH CREB DEWA ECRA EWP FAS FDF FERC FEWA FGC FTS GE GT GWh IAEA IDGC IGCC INRA ITC IWPP KHNP KOGAS KOMIPO KOSEP KOSPO KOWEPO KPX KSNP KW Full Forms Abu Dhabi Water and Electricity Authority Abu Dhabi Water and Electricity Company Asia Pacific Accelerated Power Development and Reforms Programme Aggregate technical and commercial Biomass Crop Assistance Program Bharat Heavy Electricals Limited British Thermal Unit Compound Annual Growth Rate combined cycle gas turbine technology Carbon Capture and Storage Clean Energy Development Mechanism Central Electricity Authority Central Electricity Regulatory Commission Cooperation Action within CCS China Clean Renewable Energy Bonds Dubai Electricity and Water Authority Electricity and Cogeneration Regulatory Authority Korea East-West Power Co., Ltd. Federal Antimonopoly Service Electricite de France Federal Energy Regulatory Commission Federal Electricity and Water Authority Federal Grid Company Federal Tariff Service General Electric Gas Turbine Giga Watt Hours International Atomic Energy Agency interregional distribution grid companies Integrated gasification combined cycle Iran Nuclear Regulatory Authority Investment Tax Credits Independent water and power projects Korea Hydro & Nuclear Power Co., Ltd. Korea Gas Corporation Korean Midland Power Co., Ltd. Korea South-East Power Co., Ltd. Korean Southern Power Co., Ltd Korean Western Power Co., Ltd. Korea Power Exchange Korean Standard Nuclear Plant Kilo Watt GDPE1002ICR /Published AUG 2010 Page 139 © GlobalData. This report is a licensed product and is not to be photocopied
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
LNG MACRS MEA MHI MINATOM MKE MNP MNRE MW NEB NHPC NNSG NPPD NRC NRCan NRPD NRSD NTPC NZEC Ofgem ppmv PPS22 PTC REPI RGGVY RPS SDF SERC SERC SEWA SGCC SPV ST TGC UAE USD WGC
Source: Name of source(s) of information
Liquefied Natural Gas Modified Accelerated Cost-Recovery System Middle East and Africa Mitsubishi Heavy Industries Ministry of Atomic Energy Ministry of Knowledge Economy Minimum Needs Programme Ministry of New and Renewable Energy Mega Watt National Energy Board National Hydro Power Corporation National Nuclear Safeguards Department Nuclear Power Production and Development Company of Iran Nuclear Regulatory Commission Natural Resources Canada National Radiation Protection Department Nuclear and Radiation Support Department National Thermal Power Corporation Near Zero Emissions Coal Office of Gas and Electricity Markets Parts per million volume Planning Policy Statement 22 Production Tax Credits Renewable Energy Production Incentive Rajiv Gandhi Grameen Vidyutikaran Yojana Renewable Portfolio Standards Saudi Industrial Development Funds State Electricity Regulatory Commission State Electricity Regulatory Commission Sharjah Electricity and Water Authority State Grid Corporation of China solar photovoltaic’s Steam Turbine territorial generation companies United Arab Emirates United States Dollar wholesale generation companies
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 140 © GlobalData. This report is a licensed product and is not to be photocopied
12.3 Definitions
The report covers the global gas turbine market. The report covers market size, revenue, average price and market share of the market with respect to different countries and also globally.
12.3.1 Power
The rate of producing, transferring, or using energy, most commonly associated with electricity. Power is measured in watts and often expressed in Kilowatts (kW) or Megawatts (MW).
12.3.2 Installed Capacity
The maximum rated output of a generator under specific conditions designated by the manufacturer. The installed capacity is usually indicated in units of Megawatts (MW) on a nameplate physically attached to the generator.
12.3.3 Electricity Generation
The process of producing electricity by transforming other forms of energy into electrical energy, measured in Gigawatt-hours (GWh).
12.3.4 Thermal Power
A term used to identify a type of electric generating station, capacity, capability or output in which the source of energy for the prime mover is heat from coal, oil or natural gas.
12.3.5 Hydro Power
Electricity produced from generators driven by water turbines that convert the energy in falling or fastflowing water to mechanical energy.
12.3.6 Nuclear Power
Electricity generated by the use of the thermal energy released from the fission of nuclear fuel in a reactor.
12.3.7 Renewable Energy Resources
Renewable energy resources are naturally replenishing but flow-limited energy resources. They are virtually inexhaustible in duration but limited in the amount of energy that is available per unit of time. Renewable energy resources include: biomass, biogas, solar, and wind.
12.3.8 Electricity Consumption
Consumption of electricity computed as generation, plus imports, minus exports, minus transmission and distribution losses, measured in Gigawatt-hours (GWh).
12.3.9 Market Size
The number of units of gas turbine sold in that particular period.
12.3.10 Revenue
The amount derived by multiplying the volume by the price. This figure is taken by different contracts and the contract value gives us the figure in terms of the value of the market.
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 141 © GlobalData. This report is a licensed product and is not to be photocopied
12.4 Methodology
GlobalData dedicated Research and Analysis Teams consist of experienced professionals with a pedigree in marketing, market research, consulting backgrounds in the energy industry and advanced statistical expertise. GlobalData adheres to the Codes of Practice of the Market Research Society (www.mrs.org.uk) and the Society of Competitive Intelligence Professionals (www.scip.org). All GlobalData’s databases are continuously updated and revised. Figure 67: GlobalData Methodology
Data Update
Taxonomy Update
Expert Panel Validation
Secondary Research
Forecasts
Primary Research
Modeling and benchmarking
Source: GlobalData
12.4.1 Coverage
? ? ? ? ? ? ? ? The objective of updating GlobalData coverage is to ensure that it represents the most up to date vision of the industry possible. Changes in the industry taxonomy are built on the basis of extensive research of company, association and competitor sources. Company coverage is based on three key factors: market capitalization, revenues and media attention/innovation/ market potential. An exhaustive search of 56 member exchanges is conducted and companies are prioritized on the basis of their market capitalization. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach are prioritized. GlobalData aims to cover all major news events and deals in the power industry, updated on a daily basis. The coverage is further streamlined and strengthened with additional inputs from GlobalData Expert Panel (see below).
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 142 © GlobalData. This report is a licensed product and is not to be photocopied
12.4.2 Secondary Research
? ? ? ? ? ? ? The research process begins with exhaustive secondary research on internal and external sources being carried out to source qualitative and quantitative information relating to each market. The secondary research sources that are typically referred to include, but are not limited to: Company websites, annual reports, financial reports, broker reports, investor presentations and SEC Filings Industry trade journals and other literature Internal and external proprietary databases National government documents, statistical databases and market reports News articles, press releases and web-casts specific to the companies operating in the market
12.4.3 Primary Research
? GlobalData conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions: It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc Helps in validating and strengthening the secondary research findings Further develops the Analysis Team’s expertise and market understanding Primary research involves e-mail correspondence, telephone interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to: Industry participants: CEOs, VPs, business development managers, market intelligence managers and national sales managers Outside experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in power industry
? ? ? ? ? ? ?
12.4.4 Expert Panel Validation
GlobalData uses a panel of experts to cross verify research and forecast methodologies, and drive its analytical content. The GlobalData expert panel comprises marketing managers, product specialists, international sales managers from power companies; academics from research universities and consultants from professional services companies. Details of the make up of the expert panel can be viewed through website, and are available to clients on request.
12.5 Contacts
If you have any queries about this report or would like further information, please contact ? ? ? ? North America: Europe: Asia Pacific: Email: +1 646 395 5460 +44 207 753 4298 or +44 1204 543 523 +91 40 6616 6700
[email protected]
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 143 © GlobalData. This report is a licensed product and is not to be photocopied
12.6 Disclaimer
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData. The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please note that the findings, conclusions and recommendations that GlobalData delivers will be based on information gathered in good faith from both primary and secondary sources, whose accuracy we are not always in a position to guarantee. As such GlobalData can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect.
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 144 © GlobalData. This report is a licensed product and is not to be photocopied
doc_767035959.pdf
A market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry analysis and thus in turn of the global environmental analysis. Through all of these analyses the opportunities, strengths, weaknesses and threats of a company can be identified.
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
Reference Code: GDPE1002ICR Growing Global Thermal Power Industry Thermal energy is the most dominant source of energy used around the world for electricity generation. Hence, it also has a greater installed capacity when compared with any other source of energy. The global cumulative installed capacity for thermal energy as on 2000 was XX million MW which increased to XX million MW in 2009, representing a CAGR of XX% over this period. The future installed capacity is also expected to follow the same trend, with the total installed capacity expected to be around 5million MW in 2020. The growth clearly represents the dependence on this source of energy for power generation all over the world. Even with a rising population and increase in the demand for electricity every year, there have been challenges in shifting towards alternative sources of energy for power generation, because either they have been uneconomical or simply not sufficient enough to fulfill the requirements. The chart below represents the cumulative installed capacity for thermal power for the years 2000, 2009 and 2020. Publication Date: August 2010 the crisis had on the turbine market. However, the future of this market looks bright, with many projects scheduled to go live in future and many contracts undertaken in the gas turbine market. The chart below indicates the revenue of the global gas turbine market for the years 2000, 2009 and 2020. Gas Turbine Market, Global, Revenue ($m), 2000–2020
Global Thermal Power Industry, Cumulative Installed Capacity (MW), 2000–2020
2000 2009 2020
Source: GlobalData
Global, Thermal Installed Capacity(MW)
Key Players in the Gas Turbine Market Over the years there has been one organization that has dominated the global gas turbine market. General Electric (GE) leads all other firms in this market, consistently maintaining a market share of more than XX% for many consecutive years. The main reason for this has been its brand name and also the large portfolio of gas turbines that GE sells. It offers the widest range of heavy duty gas turbine in the market, ranging from XX MW to XX MW. It has a global installed fleet of more than XX gas turbines: the largest installed base of any gas turbine supplier worldwide. GE has a strong presence in countries such as Saudi Arabia, Nigeria, Spain, Germany, South Africa and Taiwan. Siemens is another leader in the gas turbine market. It has XX gas turbine models with capacities ranging from XX MW to XX MW. America has been the major region from where Siemens gets the major part of its revenue and has sold around XX units of gas turbine there as of 2009. It also has a major manufacturing hub in that region in Charlotte, North Carolina. Other players in this market are Mitsubishi Heavy Industries Limited, Alstom SA, Bharat Heavy Electricals Limited (BHEL) and Rolls Royce Group.
2000
2009
2020
Source: GlobalData
Revival Stage for the Global Gas Turbine Market After the economic crisis last year, the global gas turbine market is currently in the revival phase. Very few countries were able to insulate themselves from the liquidity crunch that followed it. This resulted in a considerable decrease in the global gas turbine orders in the year 2009. The liquidity crunch that followed the sub prime crisis resulted in absence of financing option for various projects. The lack of confidence of investors in projects resulted in the overall decline of the market. The global gas turbine market fell from $ XXm in 2007 to $XXm in 2009. This slump clearly indicates the impact that
Revenues ($m)
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 1 © GlobalData. This report is a licensed product and is not to be photocopied
1
1
Table of contents
Table of contents................................................................................................................................... 2 1.1 List of Tables .................................................................................................................................. 4 1.2 List of Figures ................................................................................................................................. 5 Introduction ........................................................................................................................................... 7 2.1 GlobalData Report Guidance.......................................................................................................... 7 Electricity Generation ............................................................................................................................ 8 3.1 Electricity Generation, Thermal Energy .......................................................................................... 8 3.2 Electricity Generation, Alternative Energy ...................................................................................... 9 3.3 Electricity Generation, Nuclear Energy ..........................................................................................10 3.4 Electricity Generation, Hydro Energy.............................................................................................10 3.5 Thermal Energy, Turbines .............................................................................................................10 3.5.1 Thermal Energy, Steam Turbines.........................................................................................12 3.5.2 Thermal Energy, Gas Turbines.............................................................................................13 Global Power Industry Analysis, 2000–2020........................................................................................14 4.1 Global Power Industry, Installed Capacity, 2000–2020 .................................................................14 4.2 Global Power Industry, Power Generation, 2000–2020.................................................................16 Global Thermal Power Industry Analysis, 2000–2020..........................................................................18 5.1 Global Thermal Power Industry, Installed Capacity, 2000–2020 ...................................................18 5.2 Global Thermal Power Industry, Power Generation, 2000–2020...................................................20 Global Gas Turbine Market Analysis, 2000–2020 ................................................................................22 6.1 Global Gas Turbine Market, Overview...........................................................................................22 6.2 Global Gas Turbine Market, Growth Opportunity Analysis ............................................................22 6.2.1 Drivers of the Gas Turbine Market:.......................................................................................22 6.2.2 Restraints of Gas Turbine Market.........................................................................................23 6.3 Global Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 .................................24 6.4 Global Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ...................................26 6.5 Global Gas Turbine Market, Market Share Analysis, by revenues, 2009.......................................27 6.6 Global Gas Turbine Market, Purchase Criteria Analysis................................................................29 6.7 Global Gas Turbine Market, Technological Developments............................................................29 6.7.1 Technological Developments, Siemens, SGT5- 8000H........................................................30 6.7.2 Technological Development, MHI’s G series ........................................................................30 6.7.3 Technological Development, GE 7FA...................................................................................31 North America, Gas Turbine Market Analysis, 2000–2020...................................................................32 7.1 North America, Market Size Analysis, 2005–2009.........................................................................32 7.2 North America, Country Share, by Volumes, 2009 ........................................................................33 7.3 North America, Gas Turbine Market, United States.......................................................................34 7.3.1 United States, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ............34 7.3.2 United States, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ..............36 7.3.3 The US, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 .........................38 7.3.4 United States, Gas Turbine Market, Regulations..................................................................39 7.3.5 The US, Gas Turbine Market, Pricing Analysis, 2000–2020.................................................41 7.4 North America, Gas Turbine Market, Canada................................................................................42 7.4.1 Canada, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 .....................43 7.4.2 Canada, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 .......................45 7.4.3 Canada, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 .........................47 7.4.4 Canada, Gas Turbine Market, Regulations...........................................................................48 7.4.5 Canada, Gas Turbine Market, Pricing Analysis, 2000–2020 ................................................49 Europe, Gas Turbine Market Analysis, 2000–2020 ..............................................................................51 8.1 Europe, Market Size Analysis, 2005–2009 ....................................................................................51 8.2 Europe, Country Share by Volume, 2009 ......................................................................................52 8.3 Europe, Gas Turbine Market, Italy .................................................................................................53 8.3.1 Italy, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020...........................53 8.3.2 Italy, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 .............................55 8.3.3 Italy, Gas Turbine Market, Market Share Analysis, by Revenues, 2009...............................57 8.3.4 Italy, Gas Turbine Market, Regulations ................................................................................58 8.3.5 Italy, Gas Turbine Market, Pricing Analysis, 2000–2020 ......................................................59 8.4 Europe, Gas Turbine Market, Russian Federation.........................................................................60 8.4.1 Russian Federation, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ..61 8.4.2 Russian Federation, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020....63
2 3
4
5
6
7
8
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 2 © GlobalData. This report is a licensed product and is not to be photocopied
Russian Federation, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 ......65 8.4.3 8.4.4 Russian Federation, Gas Turbine Market, Regulations ........................................................66 8.4.5 Russian Federation, Gas Turbine Market, Pricing Analysis, 2000–2020..............................67 8.5 Europe, Gas Turbine Market, United Kingdom ..............................................................................68 8.5.1 The UK, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 .....................68 8.5.2 The UK, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 .......................71 8.5.3 The UK, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 .........................73 8.5.4 The UK, Gas Turbine Market, Regulations ...........................................................................74 8.5.5 The UK, Gas Turbine Market, Pricing Analysis, 2000–2020.................................................75 9 Asia Pacific, Gas Turbine Market Analysis, 2000–2020 .......................................................................77 9.1 Asia Pacific, Market Size Analysis, 2005–2009 .............................................................................77 9.2 Asia Pacific, Country Share by Number of Units Sold, 2009 .........................................................78 9.3 Asia Pacific, Gas Turbine Market, China .......................................................................................79 9.3.1 China, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ........................79 9.3.2 China, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ..........................81 9.3.3 China, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 ............................82 9.3.4 China, Gas Turbine Market, Regulations..............................................................................84 9.3.5 China, Gas Turbine Market, Pricing Analysis, 2000–2020 ...................................................86 9.4 Asia Pacific, Gas Turbine Market, India.........................................................................................87 9.4.1 India, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020..........................88 9.4.2 India, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ............................90 9.4.3 India, Gas Turbine Market, Market Share Analysis, by Revenues, 2009..............................92 9.4.4 India, Gas Turbine Market, Regulations ...............................................................................93 9.4.5 India, Gas Turbine Market, Pricing Analysis, 2000–2020 .....................................................95 9.5 Asia Pacific, Gas Turbine Market, Republic Of Korea ...................................................................96 9.5.1 Republic of Korea, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ....97 9.5.2 Republic of Korea, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ......99 9.5.3 Republic of Korea, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 .......101 9.5.4 Republic of Korea, Gas Turbine Market, Regulations.........................................................101 9.5.5 Republic of Korea, Gas Turbine Market, Pricing Analysis, 2000–2020 ..............................103 10 Middle East and Africa, Gas Turbine Market Analysis, 2000–2020....................................................105 10.1 Middle East and Africa, Market Size Analysis, 2005–2009..........................................................105 10.2 Middle East and Africa, Country Share by Number of Turbines Sold, 2009 ................................106 10.3 Middle East and Africa, Gas Turbine Market, Iran (Islamic Republic of Iran)...............................107 10.3.1 Iran, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 .........................107 10.3.2 Iran, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 ...........................109 10.3.3 Iran, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 .............................111 10.3.4 Iran, Gas Turbine Market, Regulations ...............................................................................112 10.3.5 Iran, Gas Turbine Market, Pricing Analysis, 2000–2020.....................................................113 10.4 Middle East and Africa, Gas Turbine Market, Saudi Arabia.........................................................114 10.4.1 Saudi Arabia, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ...........115 10.4.2 Saudi Arabia, Gas Turbine Market, Revenue Analysis and Forecast, 2000–2020 .............117 10.4.3 Saudi Arabia, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 ...............119 10.4.4 Saudi Arabia, Gas Turbine Market, Regulations.................................................................120 10.4.5 Saudi Arabia, Gas Turbine Market, Pricing Analysis, 2000–2020 ......................................121 10.5 Middle East and Africa, Gas Turbine Market, United Arab Emirates ...........................................122 10.5.1 UAE, Gas Turbine Market, Market Size and Growth Analysis, 2000–2020 ........................123 10.5.2 UAE, Gas Turbine Market, Annual Revenue Analysis and Forecast, 2000–2020 ..............125 10.5.3 UAE, Gas Turbine Market, Market Share Analysis, by Revenues, 2009 ............................127 10.5.4 UAE, Gas Turbine Market, Regulations..............................................................................128 10.5.5 UAE, Gas Turbine Market, Pricing Analysis, 2000–2020 ...................................................130 11 Global Gas Turbine Market, Key Players ...........................................................................................132 11.1 Global Gas Turbine Market Share ...............................................................................................132 11.2 Product Portfolio Strength............................................................................................................133 11.2.1 Power Output, MW .............................................................................................................133 11.2.2 Heat Rate, Btu/KWh ...........................................................................................................133 11.3 Global Presence ..........................................................................................................................134 11.4 Growth Strategy...........................................................................................................................136 11.4.1 Siemens AG .......................................................................................................................137 11.4.2 General Electric ..................................................................................................................137 11.4.3 Alstom SA...........................................................................................................................137 11.4.4 Mitsubishi Heavy Industries ................................................................................................137 12 Appendix ............................................................................................................................................138 12.1 About Power eTrack ....................................................................................................................138 Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 3 © GlobalData. This report is a licensed product and is not to be photocopied
1.1
List of Tables
Table 1: Thermal Energy, Global, Installed Capacity by Country (%), 2009 ............................................... 9 Table 2: Global Turbine break up, by Value ($ m), 2009 ...........................................................................11 Table 3: Global Power Industry, Cumulative Installed Capacity (MW), 2000–2020 ...................................15 Table 4: Global Power Industry, Electricity Generation (GWh), 2000–2020...............................................17 Table 5: Global Thermal Power Industry, Installed Capacity (MW), 2000–2020 ........................................19 Table 6: Global Thermal Power Industry, Power Generation (GWh), 2000–2020......................................21 Table 7: Gas Turbine Market, Global, Market Accelerators and Their Impact, 2009–2020........................23 Table 8: Gas Turbine Market, Global, Market Decelerators and their Impact, 2009–2020 ........................24 Table 9: Gas Turbine Market, Global, Unit Shipment, 2000–2020.............................................................25 Table 10: Gas Turbine Market, Global, Revenue ($m), 2000–2020...........................................................27 Table 11: Gas Turbine Market, Global, Company Share (%), 2009...........................................................28 Table 12: Gas Turbine Market, North America, Units Shipments, 2005–2009...........................................32 Table 13: Gas Turbine Market, North America, Unit Shipments by Country, 2009 ....................................33 Table 14: Gas Turbine Market, The US, Unit Shipment , 2000–2020 ........................................................35 Table 15: Gas Turbine Market, The US, Revenue ($m), 2000–2020.........................................................37 Table 16: Gas Turbine Market, The US, Market Share (%), 2009 .............................................................38 Table 17: Gas Turbine Market, The US, Average Price ($ per kW), 2000–2020 .......................................42 Table 18: Gas Turbine Market, Canada, Unit Shipment, 2000–2020.........................................................44 Table 19: Gas Turbine Market, Canada, Revenue ($), 2000–2020 ...........................................................46 Table 20: Gas Turbine Market, Canada, Market Share (%), 2000–2020 ...................................................47 Table 21: Canada, Provincial Regulatory Authorities.................................................................................48 Table 22: Gas Turbine Market, Canada, Average Price ($ per KW), 2000–2020 ......................................50 Table 23: Gas Turbine market, Europe, Unit Shipments, 2005–2009........................................................51 Table 24: Gas Turbine Market, Europe, Unit Shipments, by Country, 2009 ..............................................52 Table 25: Gas Turbine Market, Italy, Unit Shipment, 2000–2020...............................................................54 Table 26: Gas Turbine Market, Italy, Revenue ($m), 2000–2020 ..............................................................56 Table 27: Gas Turbine Market, Italy, Market Share (%), 2009 ...................................................................57 Table 28: Gas Turbine Market, Italy, Average Price ($ per kW), 2000–2020 .............................................60 Table 29: Gas Turbine Market, Russian Federation, Unit Shipment, 2000–2020 ......................................62 Table 30: Gas Turbine Market, Russian Federation, Revenue ($m), 2000–2020 ......................................64 Table 31: Gas Turbine Market, Russian Federation, Market Share (%), 2009...........................................65 Table 32: Gas Turbine Market, Russian Federation, Average Price ($ per kW), 2000–2020 ....................68 Table 33: Gas Turbine Market, The UK, Unit Shipment, 2000–2020 .........................................................70 Table 34: Gas Turbine Market, The UK, Revenue ($m), 2000–2020........................................................72 Table 35: Gas Turbine Market, The UK, Market Share(%), 2009 ..............................................................73 Table 36: Gas Turbine Market, The UK, Average Price ($ per kW), 2000–2020 .......................................76 Table 37: Gas Turbine Market, Asia Pacific, Unit Shipments, 2005–2009 .................................................78 Table 38: Gas Turbine Market, Asia Pacific, Unit Shipments, by Country, 2009........................................78 Table 39: Gas Turbine Market, China, Unit Shipment, 2000–2020............................................................80 Table 40: Gas Turbine Market, China, Revenue ($m), 2000–2020............................................................82 Table 41: Gas Turbine Market, China, Market Share (%), 2009 ................................................................83 Table 42: Gas Turbine Market, China, Average Price ($ per kW), 2000–2020 ..........................................87 Table 43: Gas Turbine Market, India, Unit Shipment, 2000–2020 .............................................................89 Table 44: Gas Turbine Market, India, Revenue ($m), 2000–2020 .............................................................91 Table 45: Gas Turbine Market, India, Market Share (%), 2009..................................................................92 Table 46: Gas Turbine Market, India, Average Price ($ per kW), 2000–2020............................................96 Table 47: Gas Turbine Market, South Korea, Unit Shipment, 2000–2020 .................................................98 Table 48: Gas Turbine Market, South Korea, Revenue ($m), 2000–2020 ...............................................100 Table 49: Gas Turbine Market, Republic of Korea, Market Share (%), 2009 ...........................................101 Table 50: South Korea Power Market, Expenditure on Green Growth ($bn), 2009-2013 ........................103 Table 51: Gas Turbine Market, Republic of Korea, Average Price ($ per kW), 2000–2020 .....................104 Table 52: Gas Turbine Market, Middle East and Africa, Unit Shipments, 2005–2009..............................105 Table 53: Gas Turbine Market, Middle East and Africa, Unit Shipments by Volume, 2009......................106 Table 54: Gas Turbine Market, Iran, Unit Shipment, 2000–2020 .............................................................108 Table 55: Gas Turbine Market, Iran, Revenue ($m), 2000–2020.............................................................110 Table 56: Gas Turbine Market, Iran, Market Share (%), 2009 .................................................................111 Table 57: Gas Turbine Market, Iran, Average Price ($ per kW), 2000–2020 ...........................................114 Table 58: Gas Turbine Market, Saudi Arabia, Unit Shipment, 2000–2020...............................................116 Table 59: Gas Turbine Market, Saudi Arabia, Revenue ($m), 2000–2020 ..............................................118 Table 60: Gas Turbine Market, Saudi Arabia, Market Share (%), 2009 ...................................................119
GDPE1002ICR /Published AUG 2010 Page 4 © GlobalData. This report is a licensed product and is not to be photocopied
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
Table 61: Gas Turbine Market, Average price, Saudi Arabia ($ per kW), 2000–2020 .............................122 Table 62: Gas turbine Market, UAE, Unit Shipment, 2000–2020 .............................................................124 Table 63: Gas Turbine Market, UAE, Revenue ($m), 2000–2020............................................................126 Table 64: Gas Turbine Market, UAE, Market Share (%), 2009 ................................................................127 Table 65: Gas Turbine Market, UAE, Average Price ($ per kW), 2000–2020 ..........................................131 Table 66: Gas Turbine Models by Power Output from Key Companies, to 2009 .....................................133 Table 67: Gas Turbine Models by Heat Rate from Key Companies, Till 2009 .........................................134 Table 68: Siemens, Operating Fleet of Gas Turbine as on 2009 .............................................................134 Table 69: Mitsubishi Heavy Industries, Number of Gas Turbines sold as of 2009 ...................................136 Table 70: Company Benchmarking, Top 4 Turbine Suppliers..................................................................136
1.2
List of Figures
Figure 1: Thermal Energy, Global, Installed Capacity by Country (%), 2009 .............................................. 8 Figure 2: Global Turbine Break up, by Value (%), 2009.............................................................................11 Figure 3: Steam Turbine, How does it work ...............................................................................................12 Figure 4: Gas Turbine, How does it work ...................................................................................................13 Figure 5: Global Power Industry, Cumulative Installed Capacity (MW), 2000–2020 ..................................14 Figure 6: Global Power Industry, Electricity Generation (GWh), 2000–2020 .............................................16 Figure 7: Global Thermal Power Industry, Installed Capacity (MW), 2000–2020.......................................18 Figure 8: Global Thermal Power Industry, Power Generation (GWh), 2000–2020 ....................................20 Figure 9: Gas Turbine Market, Global, Unit Shipment, 2000–2020............................................................24 Figure 10: Gas Turbine Market, Global, Revenue ($m), 2000–2020 .........................................................26 Figure 11: Gas Turbine Market, Global, Market Share (%), 2009 ..............................................................28 Figure 12: Gas Turbine Market, North America, Units Shipments, 2005–2009..........................................32 Figure 13: Gas Turbine Market, North America, Country Share (%), by Volumes, 2009 ...........................33 Figure 14: Gas Turbine Market, The US, Unit Shipment , 2000–2020.......................................................34 Figure 15: Gas Turbine Market, The US, Revenue ($m), 2000–2020........................................................36 Figure 16: Gas Turbine Market, The US, Market Share (%), 2009 ............................................................38 Figure 17: Gas Turbine Market, The US, Average Price ($ per kW), 2000–2020 ......................................41 Figure 18: Gas Turbine Market, Canada, Unit Shipment, 2000–2020 .......................................................43 Figure 19: Gas Turbine Market, Canada, Revenue ($m), 2000–2020 .......................................................45 Figure 20: Gas Turbine Market, Canada, Market Share (%), 2000–2020 ..................................................47 Figure 21: Gas Turbine Market, Canada, Average Price ($ per kW), 2000–2020......................................49 Figure 22: Gas Turbine market, Europe, Unit Shipments, 2005–2009.......................................................51 Figure 23: Gas Turbine Market, Europe, Country Share (%), 2009 ...........................................................52 Figure 24: Gas Turbine Market, Italy, Unit Shipment, 2000–2020 .............................................................53 Figure 25: Gas Turbine Market, Italy, Revenue ($m), 2000–2020 .............................................................55 Figure 26: Gas Turbine Market, Italy, Market Share(%), 2009...................................................................57 Figure 27: Gas Turbine Market, Italy, Average Price ($ per kW), 2000–2020............................................59 Figure 28: Gas Turbine Market, Russian Federation, Unit Shipment , 2000–2020 ....................................61 Figure 29: Gas Turbine Market, Russian Federation, Revenue ($m), 2000–2020.....................................63 Figure 30: Gas Turbine Market, Russian Federation, Market Share (%), 2009 .........................................65 Figure 31: Gas Turbine Market, Russian Federation, Average Price ($ per kW), 2000–2020 ...................67 Figure 32: Gas Turbine Market, The UK, Unit Shipment, 2000–2020.......................................................69 Figure 33: Gas Turbine Market, The UK , Revenue ($m), 2000–2020......................................................71 Figure 34: Gas Turbine Market, The UK, Market Share(%), 2009 ............................................................73 Figure 35: Gas Turbine Market, The UK , Average Price ($ per kW), 2000–2020 ....................................75 Figure 36: Gas Turbine Market, Asia Pacific, Unit Shipments, 2005–2009................................................77 Figure 37: Gas Turbine Market, Asia Pacific, Country Share (%), 2009 ....................................................78 Figure 38: Gas Turbine Market, China, Unit Shipment, 2000–2020...........................................................79 Figure 39: Gas Turbine Market, China, Revenue ($m), 2000–2020 ..........................................................81 Figure 40: Gas Turbine Market, China, Market Share (%), 2009 ...............................................................83 Figure 41: Gas Turbine Market, China, Average Price ($ per kW), 2000–2020 .........................................86 Figure 42: Gas Turbine Market, India, Unit Shipment, 2000–2020 ............................................................88 Figure 43: Gas Turbine Market, India, Revenue ($m), 2000–2020 ............................................................90 Figure 44: Gas Turbine Market, India, Market Share (%), 2009.................................................................92 Figure 45: Gas Turbine Market, India, Average Price ($ per kW), 2000–2020...........................................95 Figure 46: Gas Turbine Market, South Korea, Unit Shipment, 2000–2020 ................................................97 Figure 47: Gas Turbine Market, South Korea, Revenue ($m), 2000–2020 ................................................99 Figure 48: Gas Turbine Market, Republic of Korea, Market Share (%), 2009 ..........................................101 Figure 49: Gas Turbine Market, Republic of Korea, Average Price ($ per kW), 2000–2020 ....................104 Figure 50: Gas Turbine Market, Middle East and Africa, Unit Shipments, 2005–2009 ............................105
GDPE1002ICR /Published AUG 2010 Page 5 © GlobalData. This report is a licensed product and is not to be photocopied
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
Figure 51: Gas Turbine Market, Middle East and Africa, Country Share (%), 2009 .................................106 Figure 52: Gas Turbine Market, Iran, Unit Shipment, 2000–2020............................................................107 Figure 53: Gas Turbine Market, Iran, Revenue ($m), 2000–2020............................................................109 Figure 54: Gas Turbine Market, Iran, Market Share (%), 2009 ................................................................111 Figure 55: Gas Turbine Market, Iran, Average Price ($ per kW), 2000–2020 ..........................................113 Figure 56: Gas Turbine Market, Saudi Arabia, Unit Shipment, 2000–2020 .............................................115 Figure 57: Gas Turbine Market, Saudi Arabia, Revenue ($m), 2000–2020 .............................................117 Figure 58: Gas Turbine Market, Saudi Arabia, Market Share (%), 2009..................................................119 Figure 59: Gas Turbine, Average price, Saudi Arabia ($ per kW), 2000–2020 ........................................121 Figure 60: Gas turbine Market, UAE, Unit Shipment, 2000–2020............................................................123 Figure 61: Gas Turbine Market, UAE, Revenue ($m), 2000–2020 ..........................................................125 Figure 62: Gas Turbine Market, UAE, Market Share (%), 2009 ...............................................................127 Figure 63: Gas Turbine Market, UAE, Average Price ($ per kW), 2000–2020 .........................................130 Figure 64: Gas Turbine Market, Global, Market Share (%), 2009 ............................................................132 Figure 65: Mitsubishi Heavy Industries, Number of Units Sold Worldwide, as of 2009, by Model and by Region ....................................................................................................................................135 Figure 66: Mitsubishi Heavy Industries, Number of Gas Turbine sold as of 2009, Region-wise .............135
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 6 © GlobalData. This report is a licensed product and is not to be photocopied
2
Introduction
The years 2008 and 2009 witnessed a huge fall in the gas turbine market. The global financial crisis of late 2008 and the liquidity crunch that followed were the main reason behind this dip in the thermal energy market. However keeping in consideration the impact of the crisis on different markets, the energy market still performed sufficiently well and also showed signs for future growth. The global thermal power sector will expand in the near future, primarily due to the increasing demand for electricity in many regions across the world. This increase in the demand for electricity can be attributed to the constant increase in the global population figures. As thermal power grows, the demand for an array of key equipment used in the thermal industry will also grow. Gas turbine is the most important equipment used in thermal power generation facilities. An increase in thermal power would indicate higher sales of gas turbines as compared to steam turbines, primarily because of the advantages of gas turbine over its steam counterpart. A turbine is a rotating engine that converts kinetic energy into mechanical energy. It is powered by a moving fluid, which causes its blades to rotate. As the blades rotate, some of the kinetic energy is extracted from the source (air flow or moving fluid) and is converted to mechanical energy, which is eventually converted to electricity using a generator. There are three types of turbine: wind turbines, steam turbines, and gas turbines. Wind turbines are used in windmills that use air flow to rotate the blades attached to it. On the other hand, gas and steam turbines use thermal energy by burning fossil fuels or natural gas to move the blades. Gas turbines tend to have certain advantages over steam turbines. Gas turbine does not require a boiler, like steam turbine; hence the weight of gas turbine is less than its counterpart. Gas turbines are also useful in places where water is scarce and it is not possible to supply water in abundance for raising steam. GlobalData’s report on the gas turbine market provides market analysis and forecast of this equipment and an analysis of the companies manufacturing gas turbines.
2.1
? ? ? ?
GlobalData Report Guidance
This report comprises of the introduction to the global gas turbine market. The next chapter talks about the global power industry, in terms of both installed capacity and power generation. This is followed by a chapter on the thermal power industry worldwide, again focusing both on the installed capacity and power generation. The next chapter analyzes the global gas turbine market, where it explains the drivers and restraints of the gas turbine market. Also it talks about the market size, revenue and the market share of the global gas turbine business. The following chapter talks about the gas turbine market in North America, focusing on the US and Canada with respect to market size, revenue, average price, market share and regulations. The next chapter analyzes the gas turbine market in Europe, focusing on Italy, the UK and Russia. Again it covers these countries with respect to market size, revenues, market share, average price and regulations. The following chapter provides an in depth analysis of the Asia Pacific gas turbine market. It talks about three countries: China, India and Republic of Korea. It represents data and the analysis related to the market size, revenues, market share, average price and the regulation in each of the countries. This is followed by an analysis of the Middle East and Africa’s gas turbine market, focusing on Saudi Arabia, UAE and Iran. They are analyzed on the basis of market size, revenues, market share, average price and regulations. The next chapter benchmarks the top four players in the gas turbine market - General Electric, Siemens AG, Alstom SA and Mitsubishi Heavy Industries. They are compared on the basis of their market share, product portfolio, global presence and growth strategy.
? ?
?
?
?
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 7 © GlobalData. This report is a licensed product and is not to be photocopied
5.2
Global Thermal Power Industry, Power Generation, 2000–2020
Electricity generation though thermal sources has always exceeded electricity generation through any other sources. The global generation from thermal sources in 2000 was XX million GWh which increased to XX million GWh in 2009, representing a CAGR of XX%. It is expected that in 2020, the global cumulative electricity generation will be XX million GWh, representing an overall CAGR of XX% for the period 2009–2020. The figure below represents the global electricity generation by thermal sources of energy for the period 2000–2020.
Figure 8: Global Thermal Power Industry, Power Generation (GWh), 2000–2020
Power Generation (GWh)
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Source: GlobalData,
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 20 © GlobalData. This report is a licensed product and is not to be photocopied
2020
7.3.3
The US, Gas Turbine Market, Market Share Analysis, by Revenues, 2009
GE has been the market leader in the gas turbine market in the US for many years. It has outshone all other manufacturers in the country in terms of sales. With its huge portfolio of gas turbines and also a commanding brand name, it has made sure of its dominance in the market. 2009 was no different, with GE attaining a 35% share of the market, higher than any of its counterparts. Siemens Power Generation was second in line with XX% share of the market. It has been getting around a XX–XX% share of the market since 2000. Pratt & Whitney is another strong player in the gas turbine market, but in 2009 it was able to attain only a XX% share of the market. Other big names include Alstom SA, Mitsubishi Heavy Industries and Rolls Royce plc. The chart below represents the market share of manufacturers in the gas turbine market in the US for the period 2000–2020.
Figure 16: Gas Turbine Market, The US, Market Share (%), 2009
Others Rolls-Royce Group Plc Pratt & Whitney Solar Turbines Incorporated General Electric Company
Alstom SA Siemens Power Generation
Mitsubishi Heavy Industries, Ltd.
Source: GlobalData, Primary Interviews with Industry Experts
The table below indicates the market share of manufacturers in the gas turbine market in the US for the period 2000–2020.
Table 16: Gas Turbine Market, The US, Market Share (%), 2009
Company Name General Electric Company Siemens Power Generation Mitsubishi Heavy Industries, Ltd. Alstom SA Solar Turbines Incorporated Pratt & Whitney Rolls-Royce Group Plc. Others
Source: GlobalData, Primary Interviews with Industry Experts
Market Share (%)
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 38 © GlobalData. This report is a licensed product and is not to be photocopied
12
Appendix
12.1 About Power eTrack
The data and analysis within this report is driven by the Power eTrack. The Power eTrack provides you with the key information to drive sales, investment and deal making activity in your business. It includes the following information: ? ? ? ? ? ? More than 45,000 power plants globally. Capacity and Generation Database with historical and forecast numbers by technology for key countries. Equipment Market Size and Share Database for key countries. Transmission and Distribution Database for key countries. Power Equipment Contracts Database for more than 6,500 contracts. More than 26,000 deals globally.
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 138 © GlobalData. This report is a licensed product and is not to be photocopied
12.2 Abbreviations
Table 71: Abbreviations
Abbreviations ADWEA ADWEC APAC APDRP AT&C BCAP BHEL BTU CAGR CCGT CCS CDM CEA CERC COACH CREB DEWA ECRA EWP FAS FDF FERC FEWA FGC FTS GE GT GWh IAEA IDGC IGCC INRA ITC IWPP KHNP KOGAS KOMIPO KOSEP KOSPO KOWEPO KPX KSNP KW Full Forms Abu Dhabi Water and Electricity Authority Abu Dhabi Water and Electricity Company Asia Pacific Accelerated Power Development and Reforms Programme Aggregate technical and commercial Biomass Crop Assistance Program Bharat Heavy Electricals Limited British Thermal Unit Compound Annual Growth Rate combined cycle gas turbine technology Carbon Capture and Storage Clean Energy Development Mechanism Central Electricity Authority Central Electricity Regulatory Commission Cooperation Action within CCS China Clean Renewable Energy Bonds Dubai Electricity and Water Authority Electricity and Cogeneration Regulatory Authority Korea East-West Power Co., Ltd. Federal Antimonopoly Service Electricite de France Federal Energy Regulatory Commission Federal Electricity and Water Authority Federal Grid Company Federal Tariff Service General Electric Gas Turbine Giga Watt Hours International Atomic Energy Agency interregional distribution grid companies Integrated gasification combined cycle Iran Nuclear Regulatory Authority Investment Tax Credits Independent water and power projects Korea Hydro & Nuclear Power Co., Ltd. Korea Gas Corporation Korean Midland Power Co., Ltd. Korea South-East Power Co., Ltd. Korean Southern Power Co., Ltd Korean Western Power Co., Ltd. Korea Power Exchange Korean Standard Nuclear Plant Kilo Watt GDPE1002ICR /Published AUG 2010 Page 139 © GlobalData. This report is a licensed product and is not to be photocopied
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
LNG MACRS MEA MHI MINATOM MKE MNP MNRE MW NEB NHPC NNSG NPPD NRC NRCan NRPD NRSD NTPC NZEC Ofgem ppmv PPS22 PTC REPI RGGVY RPS SDF SERC SERC SEWA SGCC SPV ST TGC UAE USD WGC
Source: Name of source(s) of information
Liquefied Natural Gas Modified Accelerated Cost-Recovery System Middle East and Africa Mitsubishi Heavy Industries Ministry of Atomic Energy Ministry of Knowledge Economy Minimum Needs Programme Ministry of New and Renewable Energy Mega Watt National Energy Board National Hydro Power Corporation National Nuclear Safeguards Department Nuclear Power Production and Development Company of Iran Nuclear Regulatory Commission Natural Resources Canada National Radiation Protection Department Nuclear and Radiation Support Department National Thermal Power Corporation Near Zero Emissions Coal Office of Gas and Electricity Markets Parts per million volume Planning Policy Statement 22 Production Tax Credits Renewable Energy Production Incentive Rajiv Gandhi Grameen Vidyutikaran Yojana Renewable Portfolio Standards Saudi Industrial Development Funds State Electricity Regulatory Commission State Electricity Regulatory Commission Sharjah Electricity and Water Authority State Grid Corporation of China solar photovoltaic’s Steam Turbine territorial generation companies United Arab Emirates United States Dollar wholesale generation companies
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 140 © GlobalData. This report is a licensed product and is not to be photocopied
12.3 Definitions
The report covers the global gas turbine market. The report covers market size, revenue, average price and market share of the market with respect to different countries and also globally.
12.3.1 Power
The rate of producing, transferring, or using energy, most commonly associated with electricity. Power is measured in watts and often expressed in Kilowatts (kW) or Megawatts (MW).
12.3.2 Installed Capacity
The maximum rated output of a generator under specific conditions designated by the manufacturer. The installed capacity is usually indicated in units of Megawatts (MW) on a nameplate physically attached to the generator.
12.3.3 Electricity Generation
The process of producing electricity by transforming other forms of energy into electrical energy, measured in Gigawatt-hours (GWh).
12.3.4 Thermal Power
A term used to identify a type of electric generating station, capacity, capability or output in which the source of energy for the prime mover is heat from coal, oil or natural gas.
12.3.5 Hydro Power
Electricity produced from generators driven by water turbines that convert the energy in falling or fastflowing water to mechanical energy.
12.3.6 Nuclear Power
Electricity generated by the use of the thermal energy released from the fission of nuclear fuel in a reactor.
12.3.7 Renewable Energy Resources
Renewable energy resources are naturally replenishing but flow-limited energy resources. They are virtually inexhaustible in duration but limited in the amount of energy that is available per unit of time. Renewable energy resources include: biomass, biogas, solar, and wind.
12.3.8 Electricity Consumption
Consumption of electricity computed as generation, plus imports, minus exports, minus transmission and distribution losses, measured in Gigawatt-hours (GWh).
12.3.9 Market Size
The number of units of gas turbine sold in that particular period.
12.3.10 Revenue
The amount derived by multiplying the volume by the price. This figure is taken by different contracts and the contract value gives us the figure in terms of the value of the market.
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 141 © GlobalData. This report is a licensed product and is not to be photocopied
12.4 Methodology
GlobalData dedicated Research and Analysis Teams consist of experienced professionals with a pedigree in marketing, market research, consulting backgrounds in the energy industry and advanced statistical expertise. GlobalData adheres to the Codes of Practice of the Market Research Society (www.mrs.org.uk) and the Society of Competitive Intelligence Professionals (www.scip.org). All GlobalData’s databases are continuously updated and revised. Figure 67: GlobalData Methodology
Data Update
Taxonomy Update
Expert Panel Validation
Secondary Research
Forecasts
Primary Research
Modeling and benchmarking
Source: GlobalData
12.4.1 Coverage
? ? ? ? ? ? ? ? The objective of updating GlobalData coverage is to ensure that it represents the most up to date vision of the industry possible. Changes in the industry taxonomy are built on the basis of extensive research of company, association and competitor sources. Company coverage is based on three key factors: market capitalization, revenues and media attention/innovation/ market potential. An exhaustive search of 56 member exchanges is conducted and companies are prioritized on the basis of their market capitalization. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach are prioritized. GlobalData aims to cover all major news events and deals in the power industry, updated on a daily basis. The coverage is further streamlined and strengthened with additional inputs from GlobalData Expert Panel (see below).
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 142 © GlobalData. This report is a licensed product and is not to be photocopied
12.4.2 Secondary Research
? ? ? ? ? ? ? The research process begins with exhaustive secondary research on internal and external sources being carried out to source qualitative and quantitative information relating to each market. The secondary research sources that are typically referred to include, but are not limited to: Company websites, annual reports, financial reports, broker reports, investor presentations and SEC Filings Industry trade journals and other literature Internal and external proprietary databases National government documents, statistical databases and market reports News articles, press releases and web-casts specific to the companies operating in the market
12.4.3 Primary Research
? GlobalData conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions: It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc Helps in validating and strengthening the secondary research findings Further develops the Analysis Team’s expertise and market understanding Primary research involves e-mail correspondence, telephone interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to: Industry participants: CEOs, VPs, business development managers, market intelligence managers and national sales managers Outside experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in power industry
? ? ? ? ? ? ?
12.4.4 Expert Panel Validation
GlobalData uses a panel of experts to cross verify research and forecast methodologies, and drive its analytical content. The GlobalData expert panel comprises marketing managers, product specialists, international sales managers from power companies; academics from research universities and consultants from professional services companies. Details of the make up of the expert panel can be viewed through website, and are available to clients on request.
12.5 Contacts
If you have any queries about this report or would like further information, please contact ? ? ? ? North America: Europe: Asia Pacific: Email: +1 646 395 5460 +44 207 753 4298 or +44 1204 543 523 +91 40 6616 6700
[email protected]
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 143 © GlobalData. This report is a licensed product and is not to be photocopied
12.6 Disclaimer
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData. The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please note that the findings, conclusions and recommendations that GlobalData delivers will be based on information gathered in good faith from both primary and secondary sources, whose accuracy we are not always in a position to guarantee. As such GlobalData can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect.
Global Gas Turbine Market Analysis to 2020 - Market Size, Competitive Landscape, Trends and Analysis
GDPE1002ICR /Published AUG 2010 Page 144 © GlobalData. This report is a licensed product and is not to be photocopied
doc_767035959.pdf