In the June 2018 issue of Valve World Americas, Robert McIlvaine writes about how, “the North American Free Trade Agreement (NAFTA) is the leading purchaser of valves for gas turbine combined cycle power plants. The installed capacity of gas turbines will reach 620,000 MW by 2021. The region will account for one third of the world capacity at that time. With the expectation of plentiful low-cost gas in the region the capacity growth will continue at a high pace.”
“By 2030, EIA predicts that in the U.S. natural gas generation will increase to 42 percent and coal generation will decrease to 16 percent of total power generation. Natural gas will provide 34 percent of the nation’s electricity in 2019 continuing the trend of recent years. Coal held the top spot as recently as 2015 and 15 years ago produced more than half of all U.S. power, at 51 percent compared to just 17 percent for natural gas.”
To read the full market report please turn to pages 20 and 21 in the June issue of Valve World Americas or contact Candace Allison at c.allison@kci-world.com to request a PDF copy.
