the global gas turbine ten years ago has entered a mature stage, the future market growth is expected to slow down, but considering loosening some areas of policy and innovative future technologies, the market outlook remains optimistic. According to Frost & Sullivan estimates that the global gas turbine market revenue growth relative to 2012 by about 20%, while expected to reach approximately $ 8.6 billion of the scale in 2019 during which he will maintain an average annual compound growth of about 14% rate.
analysis of market drivers
First, the structure of the global energy supply and demand imbalance, leading to increased demand for gas turbines. Have a greater global demand for on-site power generation technology, lower installation and grid electrification rate spread, the two main drivers. Problem electrification rate in the Middle East, Central Asia and Latin America becomes more prominent, because these areas do not have the appropriate government and agencies to address the needs of the growing population.
secondly, to energy efficiency requirements for gas turbines provide an opportunity for growth. Reduce carbon dioxide emissions has been more the consensus, in some developed countries and regions, such as North America and the European Union, national policies in order to meet the emission standards set has been well developed. One way to reduce carbon dioxide emissions and the most important way is through the efficient and clean way to generate electricity, and the end consumer direct use of these electricity. This will promote the sales of gas turbines.
Finally, some specific applications of gas turbines, will also be faced with the growth. Some special gases, such as methane and landfill gas, etc. While it is only a small part of the gas generator sets, but these areas are growing steadily, and provide new opportunities for market participants entrants, particularly in Europe and other mature markets .
market constraints analysis
First, higher operating and maintenance costs of limiting the growth of the market. One of the main factors hindering the
development of gas turbine technology development is still not fast enough, resulting in the average cost of the gas turbine is still high. Although gas turbines are expected
relatively competitive landscape of the diesel engine will be improved over the forecast period, but the gas turbine still than their more expensive competitors, 50% diesel.
Nevertheless, it is worth mentioning that the gas turbine end users have begun to realize that they can save some costs from the service, and began to focus on the overall cost
of the device within the end of life. secondly, inadequate infrastructure, limited the development of gas turbines. Market size gas turbines, in fact, essentially closely related to the number of local gas available. Most areas, especially in emerging economies, and there is not enough capacity to develop these gas, but also the lack of necessity to the gas transport infrastructure in other regions to the local, for use in India, poor infrastructure such as gas levels construction began pipelines but can significantly reduce the country's large-scale energy crisis. Frost & Sullivan is expected to grow in the short term will be a relatively large impact of the factors of the market.
Finally, competition from gas turbines and other renewable energy sources, and also limit the adoption rate of the gas turbine. A major factor limiting the gas turbines is that they can be replaced by a gas turbine. And sometimes the end consumer might choose instead a gas turbine generator sets, because the gas turbine to better meet the requirements of the end consumer, especially in the case of some high power output needs.
Tat new energy is a professional dedicated to gas turbine research and development, production and sales of high-tech enterprises, the production of gas turbines for coal gas, and medium-sized rural farms, natural gas, oil and associated gas power generation.