NEWTOWN, Conn., Aug. 30, 2018 (GLOBE NEWSWIRE) -- Forecast International has introduced a critical new upgrade to the Industrial & Marine Turbine Forecast module of its Platinum Forecast System®. With this latest update, the Platinum Forecast System, Version 4.0, now provides forecasts of total additional annual installed capacity. Now, users can see three vital statistics projections for the industrial and marine turbines market – unit production, value of production, and total capacity of production – over the next 15 years, plus historical data stretching back 10 years.
"The clarity this update adds to projected investment patterns over the next 15 years is remarkable," said Stuart Slade, FI senior analyst and editor of its Industrial & Marine Gas Turbine Forecast. "With this capacity analysis, we can see how the various power output classes will stack up against each other over the next 15 years. This is vital information for those making investment decisions, now and in the future."
The new installed capacity forecasts are also available for marine gas turbine propulsion units, mechanical drive gas turbines, microturbines, and steam turbines for combined-cycle units.
"Very clear patterns emerge from a study of installed capacities in all of these areas," Slade said. "The patterns of output capacity are evolving within a complex and changing market. This is leading to some radical shifts in procurement policy as market drivers push turbine manufacturers and their customers in different directions."
The new data raises questions over the accuracy of some widespread perceptions within the industrial and marine turbine sectors. It shows that the constantly rising demand for electrical power across the world is currently being addressed by the progressive adoption of more powerful generating machinery. At the moment, 62.9 percent of new capacity being installed is represented by turbines in the 250-500-MW sector. What is surprising is that by 2032, this percentage will have dropped to 58.7 percent, with the difference made up by still more powerful turbines in the 500-750-MW sector.
For those not familiar with the Platinum system, it comprises a powerful relational database that accepts data continually from Forecast International's staff of analysts. Unlike previous systems, in which data is current only as of the date that it has been posted, Platinum provides virtually instant response with current data. Platinum is an online system that allows clients interactive access to and control of data within minutes after it has been entered into the database. To place this into perspective, if one of FI's analysts updates a forecast or other data, the system recalculates all aspects and places the data in the hands of a client within minutes. Many large organizations receive Platinum via an exclusive Web Portal, with unlimited access by specified employees.
Version 4.0 now comprises 26 modules, providing intricate detail on 77 Industry Market Segments and over 2,000 individual programs. Responses to client queries are in the form of graphics, backed up by hundreds of tables, spreadsheets, and written documents, as well as breaking news related to industry developments. The system provides both historical and long-range forecast data.
See Platinum in action here: https://www.forecastinternational.com/platinum.cfm
About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Consulting in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, the company specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International also maintains a high posture of situational awareness and geopolitical analysis.
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