Improved sentiment in the power generation market
Growth in electricity demand and changes in energy policies have driven interest in Wärtsilä’s power generation solutions during January-September 2016. Emerging markets remained active, while in the industrialised world economic uncertainty and stagnated electricity demand limited investments in new power generation capacity. Despite the more positive market signals in certain regions, including rapidly increasing renewable capacity, macroeconomic uncertainty and tight competition will continue to make the market for liquid and gas fuelled power generation challenging.
Energy Solutions market share
In the first half of 2016, global orders for natural gas and liquid fuel power plants of up to 500 MW totalled 11.8 GW (12.6), a decrease of 6% from the previous year. Wärtsilä’s market share increased to 16% (10). Global orders include all gas turbine and Wärtsilä orders with prime movers over 5 MW in size.