Tuesday, May 31, 2016 6:00:36 AM
One trend which will positively impact the market is the regulations being enacted by governments worldwide. Concerns about increase in harmful CO2 emissions, and stricter regulations for climate change mitigation has increased the focus on technologies that can produce electric power in a much cleaner and efficient manner.
The key growth driver is the increasing efficiency and durability of nat gas turbines. The increasing efficiency of gas turbines is projected to drive their adoption for power generation applications. Stringent carbon emission regulations worldwide; focus on high performance and lower power generating cost; and volatility in fuel costs are driving demand for highly efficient gas turbines.
Lots of room for advancement and improvements. NatGas turbines will be generating 60% of the electric demand in 5 years. Coal and crude oil is dead and nuclear is being phased out. Solar and wind is 20 years away. They must be subsidized to break even. The established electric companies will not let them used their transmissions lines without paying a sharp fee.
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