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5.3 Utility Scale Market – Published Information
5.3.1 Source of Market Information
McCoy’s data was gathered through a written survey of US and non-US
suppliers of electric power generating equipment and engineering services. As
data from each power plant are cross-checked from various sources, it is
believed that McCoy provides the most complete and accurate information
from an independent organisation. The calculations are based on the steam
turbine MWe output in combined cycle applications and half the gas turbine
output in cogeneration, (non combined cycle) projects. The final figure
generated for total installed electrical capacity is therefore somewhat
conservative by this method, however, the data provides an excellent
indication of trends within the market (Section 5.3.2) and major market
players (Section 5.3.3).
5.3.2 The HRSG Buyers
In terms of geographical distribution, it is apparent that over the past ten years
(1992-2001), the biggest buyers by far of HRSGs have been in the US. A
massive 48% of all world-wide purchases have been made by operators in the
US. Next to the US the United Kingdom and Japan are the joint closest in
terms of purchases over this period, however, at just 4% of the total ten year
sales the sheer size and domination of the US market is obviously apparent.
In terms of customer type three categories emerge. These are classed as:
• Non-Utility Generators (NUGs)
• Electricity Utility Power Generators (EUPGs)
• Industrial Power Generators (IPGs).
The NUGs account for some 81% of orders over the past ten years in the US
market and some 49% of orders for the rest of the world. Over the same ten
year period, EUPGs account for some 17% of the orders in the US alone and
some 44% of the non-US market.
5.3.3 The HRSG Manufacturers
With respect to the outlined ten year period, the key manufacturers on an
individual company basis were identified as Alstom Power (14.2%),
Nooter/Eriksen (12.6%), Deltak (9.5%), NEM (7.7%) and Aalborg Industries
(7.5%). Companies outside this top five, in the 1-7% share of the market
included Foster Wheeler Energy (6.4%), Mitsubushi Heavy Industries (4.3%),
Doosan Heavy industries (4.0%) and Mitsui Babcock Energy Limited (1%).
Below the 1% threshold, some 50 companies, partnerships or joint ventures
compete for the remaining market share.
It is worth noting that many companies are involved in various types of
commercial agreements with related companies throughout the world,
therefore if all related companies, joint projects and licensee relationships are
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