Solar Turbines, while ranking fourth in terms of value ($20.62 billion), will actually rank first in terms of quantities of turbines produced, as Solar’s line is composed primarily of lower-powered units that are very popular for mechanical drives in the oil and gas industry and elsewhere. Siemens, with several plants in Germany plus others in the U.K., Sweden and the U.S., will rank second with 23.17 percent, valued at $77.98 billion, while Mitsubishi of Japan will capture 17.65 percent ($59+ billion) in its own right, plus another 3 percent when teamed with Hitachi. ![]() In addition, subsidiaries in France, Italy, and Japan will contribute about 3 percent of production, bringing the overall share of GE up to almost 37 percent of the world market. As shown in the pie chart, GE Energy, with plants in Cincinnati (Ohio), Erie (Pennsylvania), Schenectady (New York), and Atlanta (Georgia), will capture 33.76 percent of the world market, valued at over $113.6 billion, during the 2017-2031 period. Source: FI’s Platinum Forecast SystemĪccording to FI’s Platinum Forecast System, GE has clearly moved into the dominant world position in the production of industrial & marine gas and steam turbines. ![]() Industrial & Marine Gas and Steam Turbines Market Share.
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