Old and New

Abstract

As prime movers go, gas turbines are virtually brand new, compared to, say, wind and water turbines which have been around for millennia. But they have also reached a considerable level of maturity. Gas turbines now dominate both the world’s aircraft propulsion and a good portion of electric power generation. The fortunes of the industry are not uniform, however. The commercial jet engine market is robust and growing; the military jet engine, electric power, and other markets have been relatively flat or declining. But those are the sectors where the possibilities lie. They aren’t new, but they have the potential for renewal. This study delves deeper into the current status and trends in theworldwide gas turbine market.