Industrial and Marine Gas
and Steam Turbines

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Welcome to the PowerWeb Industrial and Marine Gas & Steam Turbine data and information section. On this page, we provide detailed charts and data from Forecast International's Industrial & Marine Turbine Forecast. The data covers the world market for industrial and marine gas & steam turbines, including mechanical drives and engines used for power generation. We also list the top 10 manufacturers and top 10 engine models both by sales values and units.

Market Highlights Sales USD Total Units Electric Power Gen. (Gas) Mechanical Drives (Gas) Ind. Steam Turbines Marine (Gas)
2017 Forecast: 23.49B 1,156 566 297 208 85
2016 Expected: 22.31B 1,115 542 294 203 76
2016-2017 Change +5.3% +3.7% +4.4% +1.0% +2.5% +11.8%
Gas Turbines, Power Generation (excl. micro) Mechanical Drive Turbines Industrial Steam Turbines Marine Gas Turbine Engines
5-Year Industrial and Marine Gas & Steam Turbine Engine Data

Industrial Turbine Data: 25-Year Overview (2006-2030) - Manufacturers - Engine Types and Models

The world market for Industrial and Marine Gas & Steam Turbines is quite complex and occupies a large portion of the production capacity of several very large firms in Europe, Asia, and the United States. This activity is rapidly becoming ever more important, as gas and steam turbines (often in combined cycle applications) are increasingly sought as prime movers for application within the world's power and energy industries.

Faced with potential global warming as well as pollution problems, the energy industry is phasing out hundreds of coal burning plants in favor of clean burning gas turbines powered by natural gas or other fuels that provide far less noxious emissions. At the same time, many countries, having experienced or witnessed harrowing near disaster nuclear scenarios, have made the decision to phase out nuclear facilities in favor of much safer and controllable gas turbines.

Industrial and Marine Gas & Steam Turbine Forecast

Production of Industrial and Marine Turbine Engines - Data and Analysis

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Production of Turbines 2006-2030 (units)

Industrial and Marine Turbine Production in Units from 2006 to 2030
Industrial and Marine Turbine Production Units by Type of Engine from 2006 to 2030
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For analysis purposes, we divide the worldwide Industrial & Marine Gas and Steam Turbine industry into five market segments: (1) Standard Gas Turbines for Electrical Power Generation; (2) Micro-turbines for Electrical Power Generation; (3) Gas Turbines for Mechanical Drives; (4) Industrial Steam Turbines; and (5) Marine Gas Turbine Engines.

The accompanying pie graph (click link to view), however, combines several of those segments, as the gas turbines which power them are basically similar machines of varying sizes, optimized for related but different tasks. A synoptic analysis of the five segments follows below.

ANALYSIS: GE TO DOMINATE WORLD GAS TURBINE ELECTRICAL GENERATION MARKET
/// SIEMENS TO RETAIN STRONG SECOND PLACE

With world demand for electricity steadily increasing, and the phasing out of coal-fired generation plants, gas turbines have gained prominence as clean- burning and cost-effective solutions. Further, gas turbines, which for many years performed mainly peaking duties, are moving steadily into an ever greater share of the base-load and combined-cycle applications.

The two pie charts provide perspective on the world market leaders in the production of gas t urbines for power generation, as well as the projected distribution of new production by world region over the next ten years. As can be seen, GE Energy will clearly dominate the value market with a combined percentage of 45.48%,of the world market. GE will achieve this with production of more than a dozen engine variants in three major plants in U.S., plus additional production from the former French firm Alstom, which it acquired last year. Siemens will attain a strong second place with 29.84%, and Mitsubishi-Hitachi Power Systems (MHPS) is expected to produce about 12% of the value share, with many other firms taking lesser shares. When viewing the Regional Distribution chart, viewers may well wonder why Asia, which is clearly on a strong growth track, is shown behind Europe with only some 16% of the new production. However, this is a little deceptive, as if one adds in Australia/New Zealand, Eurasia, and the Pacific Basin, the total comes to 24.28%, which is more in keeping with the known growth of that area. It should also be kept in mind that Europe covers a very large area, with major upgrade, modernization and additional capacity programs underway. Siemens, which has a reputation for well-designed machines, is a strong player in that region, as well as elsewhere in the world.

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Forecast International - Value Shares Power Generation 2016-2025
Forecast International - Gas Turbine Electrical Power Generation by Region 2016-2025

Production of Turbines 2006-2030 (revenue)

Industrial and Marine Turbine Production Values from 2006 to 2030
Industrial and Marine Gas Turbine Installation Database

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