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- Title
The Global Marketplace for Turbines.
- Authors
Hester, Edward D.; Gross, Andrew C.
- Abstract
The world market for turbines and related products (turbine-based engines, generators and generator sets) is projected to increase at seven percent per year in current dollars through 2007 and reach the $77 billion mark that year. Such growth will not match the surging gains of the 1998-2001 period, but conditions are expected to improve due to greater demand for electric energy and a rebound in air traffic. Electric power plants and aircraft account for over 90 percent of shipments. Turbine suppliers will find opportunities in several countries with above-average growth potential, including China, India, and other Asian nations. The turbine manufacturing industry is highly concentrated, with five firms dominating the global electricity generation aircraft engine market.
- Subjects
CHINA; INDIA; TURBINE industry; ELECTRIC utilities; POWER plants; AIRCRAFT industry
- Publication
Business Economics, 2004, Vol 39, Issue 3, p60
- ISSN
0007-666X
- Publication type
Article