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Government's Regulatory Framework to Boost the North American Large Gas Turbine Market - New analysis from Frost & Sullivan, North American Large Gas Turbine Markets, reveals that revenues in this industry totaled $258.4 million in 2004 and can reach $292.3 million in 2011.
Government's Regulatory Framework to Boost the North American Large Gas Turbine Market

 

PRZOOM - /newswire/ - Palo Alto, CA, United States, 2006/03/01 - New analysis from Frost & Sullivan, North American Large Gas Turbine Markets, reveals that revenues in this industry totaled $258.4 million in 2004 and can reach $292.3 million in 2011..

   
 
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The ever-increasing oil and gas prices, combined with volatile electricity costs, are promoting the large gas turbines market. Environment friendliness, higher efficiency and flexibility coupled with increasing emphasis on the commercialization of fossil-fueled power generation equipment are factors that are further spurring the development of the North American large gas turbine market.

New analysis from Frost & Sullivan (power.frost.com), North American Large Gas Turbine Markets, reveals that revenues in this industry totaled $258.4 million in 2004 and can reach $292.3 million in 2011.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the North American Large Gas Turbine Markets, then send an e-mail to Trisha Bradley, Corporate Communications, with your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.

Apart from gas turbines being among the cleanest fossil-fueled power generation equipment, they also have the innate advantage of being environment friendly. In addition, they have the ability to adapt to any type of fuel. Gas turbine technology applications contribute to the lowering of global green house gases emitted by the power sector. These key factors - environment friendliness and flexibility will help increase the use of gas turbines for power generation for at least another decade or until clean-coal technologies become competitive.

"Since gas turbine technology is mature and proven, manufacturers will have to strive to ensure that there are continuous improvements," says Frost & Sullivan Industry Manager Dr. Sreekanth Venkataraman. “In fact, many participants are currently attempting to enhance the efficiency of gas turbines to combat the constant rise in prices as well as to focus on the use of alternative fuels.”

It is vital to find other sources and areas of fuel since the domestic production of natural gas has diminished over the last decade due to the decline in natural gas reserves. It is imperative that the gas turbine industry try and tap into the vast potential areas of natural gas in the regions of Alaska, the Mountain West on-shore area, as well as off the Atlantic, Pacific, and Gulf coasts. In this context, the Industry has to create the necessary pressure on the government to enable a conducive regulatory framework. The government needs to allow greater opportunity to explore resource-rich federal lands that are currently unavailable as well as create a regulatory framework that facilitates exploration and development.

Apart from geographical expansion, the power industry experienced unprecedented growth in 2000 due to excessive building of power plants following the electricity deregulation policy by the U.S. Government. The high prices of natural gas and frequent supply disruptions due to weather anomalies restrained the growth of gas turbines market. Nevertheless, the gas turbine market is likely to experience a relatively higher growth in electricity demand due to resurgent economic policy after 2008.

With the bright prospects for advanced gas turbines, manufacturers need to concentrate on improving the price-performance ratio of their equipment. They can achieve value addition by developing higher efficiency, greater fuel flexibility, and stability at lower loads, as well as providing reduced operation and maintenance costs. Addressing end-user emphasis on emissions, availability, and lifetime of the turbine will also be crucial to achieving success.

North American Large Gas Turbine Markets is part of the XXXX subscription. The study provides detailed insights into the drivers for these markets along with the challenges faced by vendors and recommendations to overcome them. Detailed revenue analysis along with a breakdown by size and market forecasts is also included in the study. Executive summaries and analyst interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Government's Regulatory Framework to Boost the North American Large Gas Turbine Market

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Contact: Trisha Bradley 
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