Solutions: Gas Turbine MarketLarge and Growing Multi-Billion Dollar Market
Installed base of power generation reaching 40 years of age offers opportunities for service, replacement and efficiency gains. Source: Alstom Investor Presentation |
Total Market Value:
- Large and growing multi-billion dollar market for after-market gas turbine parts
- Large and growing multi-billion dollar market for new gas turbines
Existing Market Size:
- > 15,000 Large Gas Turbines (>20MWe)
- > 20,000 Smaller Turbines (<20MWe)
- > 30,000 Aircraft APUs (on every plane)
- 16% of all US power plants are turbines. 95% in oil producing countries
Growth Rates:
- World electricity growth around 3% a year; greater in developing countries
- The compound annual growth rate for large gas turbines is ~4.7% (Reuters, 5/14/2009)
Market Drivers:
- New regulations driving need for lower emission solutions
- Emissions requirements tightening every year
Maintenance, Repair and Overhaul Market (MRO) for Gas Turbines:
- Exceeds $8 billion annually
- Combustor repairs exceed $2 billion annually
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