Ge gas turbine market penetration
How General Electric gambled on fossil fuel power, and lost
4 May based General Electric (GE)—long the leader in worldwide turbine sales—seeing its share drop to 14%. GE CEO John Flannery, who took the.
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3 May General Electric Co. fell behind a pair of rivals in sales of gas-fueled power turbines, a blow for a manufacturer that typically leads the market. Siemens AG had 26 percent, while GE's share was 14 percent, Barclays said.
Description:Demand and supply balance has been a perpetual concern for utilities and private entities which has further led to extensive flow of funds toward the expansion of sustainable power generation plants. Rising investment towards the replacement of conventional electricity generating technologies with advance gas-fired generating stations to curb emissions will nurture the global gas turbine market growth. In addition, ongoing advancements with respect to the development of effective re-generative gas turbines to sustain low heat requirements across these establishments will further foster the product demand. Lesser number of moving parts, light weight, compact size, improved efficiency, lower electricity costs, lower emissions, and potential to utilize waste fuels are few indispensable parameters driving the adoption of these products. In addition, ongoing technological enhancement with respect to the efficiency and flexibility improvements across both un-recuperated and recuperated systems will further complement the industry outlook.