Market Trends

Worldwide orders of turbines were up 47%, but 2023 sales are expected to be lower.

Emerging market dynamics continue to play a role in the turbomachinery repair and maintenance landscape, leading to inventive methodologies.

In the summer July/Aug 2023 issue of Turbomachinery International, we examine gas turbine and compressor repair and maintenance trends, provide an outlook on the future of hydrogen as a gas turbine fuel, deliver a report on gas turbine sales in 2022, and more.

Dr. Nate Weiland from NETL talks about government initiatives that can help the industry tackle emissions as well as market trends in carbon-capture technologies following recent legislative changes.

Carbon capture, utilization, and storage technologies are set to play a diverse role in net-zero emissions goals.

Energy industry executives flip the script on unrealistic decarbonization goals.

India's vacuum pump market is projected to grow due to government and corporate investments in key industries.

Mobile power gas turbines can be up and running in a matter of hours to effectively get power where it’s needed.

A BayWa r.e. survey suggests that the war's impact on energy prices may accelerate renewable ambitions.

Baker Hughes reports growth in both oilfield services and equipment and industrial and energy technology segments.

Troy O’Steen, Director of Sales at L.A. Turbine, a provider of turboexpander compressors for LNG, talks about how the market is growing due to increased demand from power and public utilities.

Geothermal Technologies will use its drilling technology to enable efficient geothermal energy extraction in the Denver-Julesburg Basin.

Increased production and high storage levels contribute to natural gas price drop

Industry Growth Driven by Energy Efficiency, Demand for Portable Compressors, and Technological Advancements

Company specializes in hydraulic couplings for turbomachinery

Exploring ISO Markets, Power Transactions, and Industry Fundamentals.

Intercontinental Exchange (ICE) recently announced high levels of liquidity in its US natural gas markets as customers navigate price risk management.

Security, sustainability, and affordability comprise the energy-transition trilemma discussed at CERAWeek 2023.

Aramco will acquire a 10% stake in Rongsheng Petrochemical for $3.6 billion, enhancing downstream operations in China and supplying a combined total of 690,000 barrels per day (bpd) of crude through strategic partnerships with Rongsheng and the HAPCO joint venture.

The growth of LNG export facilities in North America addresses energy security concerns but may not significantly impact domestic economic issues amid potential production declines and growing domestic energy needs.

Gas Turbine orders skyrocket, up 47% for MW capacity in the last year compared to 2021.

Report highlights European pipeline market

Consolidating maintenance costs in a post-pandemic landscape