U.S. and World Electric Generation Forecast

Abstract

Annually, GE projects the worldwide requirements for power generation. This chapter will present a market forecast from the perspective of GE Power Systems, and an overview of the technologies available to meet future global energy needs. GE views the “foreseeable future” as a ten year time frame and constructs a forecast within this time frame that will become a building block for their business plans. The forecast helps to predict market share, product mix, factory capacity, and resource allocation. As part of this effort, an analysis is prepared of the uncommitted capacity needs for the U.S. and 92 other countries. These needs represent capacity to be installed over the next ten years, and they are uncommitted since the turbine-generator orders have not been placed. Throughout the year, forecast adjustments are made as the market is monitored for changes in fuel prices, and the political and regulatory climate.