Global Market for Natural Gas-Fired Electricity to Grow Over 20% in 5 Years to Reach $42 Billion in 2017
FARMINGTON, Conn., May 31, 2012 /PRNewswire-iReach/ — Welding equipment and consumables is gaining momentum as growing investments continue to meet large demands in the power industry. Global Information, Inc. is pleased to present two new reports that explore and examine opportunities for welding equipment and consumables in the gas-fired electricity generation and renewable power industries.
Global Markets for Natural Gas-Fired Electricity Generation – Focus on North America
With the market for natural gas-fired electricity expected to grow from $6.3 billion in 2011 to $7 billion in North America alone, the global market is forecast to grow to reach nearly $41.2 billion by 2017 at a compound annual growth rate (CAGR) of 3.9%. Furthermore, U.S. consumption of natural gas for electricity generation was nearly $628.5 million tonnes in 2011, is expected to expand to $632.4 million tonnes in 2012. U.S. natural gas consumption is expected to reach nearly $670.8 million tonnes in 2017 at a CAGR of 1.2% between 2012 and 2017. These high rates of growth in the electricity generation industry are expected to drive opportunities for the welding equipment and consumables sector industry.
BCC Research’s new market research report “Global Markets for Natural Gas-Fired Electricity Generation – Focus on North America,” measures and analyzes different geographic and technology markets in the natural gas industry value chain to help companies identify global markets that are ripe for opportunity and those where entry or competition will be particularly difficult. Analysis of current and historical installed capacity of electricity generation is organized by technology type with data presented for 2010 through 2012. Forecasts to 2017 are also included. Technologies discussed include natural gas-fired steam turbines, natural gas fuel cells, combined cycles, utility-scale electricity storage (UES) and more.
To learn more, report highlights and a summary is available at http://www.giiresearch.com/report/bc242973-global-markets-natural-gas-fired-electricity.html
Analysis of the Global Welding Equipment and Consumables Market in Power Industry
Surging conversions to renewable power sources is also pushing demand for welding equipment and consumables. Frost & Sullivan’s latest publication is an in-depth Analysis of the Global Welding Equipment and Consumables Market in Power Industry. The report provides excellent analysis across various product segments in the welding equipment and consumables market for the wind, hydro, thermal and nuclear end-user industries. Segment breakdowns are presented for both welding equipment and welding consumables, with regional breakdowns for the Americas, EMEA, Asia-Pacific and Rest of World.
An executive summary for this report and free sample are available at http://www.giiresearch.com/report/fs242950-analysis-global-welding-equipment-consumables.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Media Contact: Jeremy Palaia of Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
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SOURCE Global Information, Inc.