The United States accounted for 15% of all turbine orders worldwide in 2011. Revenues associated with those installations amounted to $6.1 billion.
In 2011, the Gas Turbine subsegment, which includes simple cycle and combined cycle installations, reached $41.7 billion in associated total revenue from plant construction based on nearly 56 GW of orders for gas turbines and generator equipment. Gas turbine combined cycle units accounted for 74% of those orders. There was broad geographic distribution of orders with approximately 14 GW of orders coming from the Middle East, 10 GW from South Asia, and 8 GW from Central and South America. Globally, orders for gas turbine plants are expected to drop 10% in 2012 (compared to 2011) with associated revenues estimated at $38.0 billion.
The United States accounted for 15% of all turbine orders worldwide in 2011. Revenues associated with those installations amounted to $6.1 billion. Gas turbine combined cycle units accounted for 65% of 2011 orders, while simple cycle gas turbines accounted for 35%. U.S. orders are expected to drop 15% in 2012, with revenues estimated at $5.4 billion. Utilities are decreasing their reliance on coal, which has dropped from about 50% to 37% of U.S. electricity generation in recent years, in large part as a result of abundant low-cost shale gas coming onto the market. If natural gas prices remain low, there will be continued interest in gas turbine technology due to its relatively short construction timeline (which reduces construction risk), high plant efficiency, and ability to integrate into power markets where there is more variability.
gross domestic product
The Gas Turbines subsegment contributed $6.7 billion in increased U.S. GDP in 2011.
Advanced Energy Companies
- Gas Turbines
- Other Distributed Generation
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