This report analyzes the worldwide markets for Thermal Power in Billions of Kilowatt-hours. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets. The report profiles 113 companies including many key and niche players such as -  Power Generation Players: AES Corporation, American Electric Power Company, Inc., Beijing Jingneng Thermal Power Co. Ltd., Calpine Corporation, Duke Energy International, Dynegy, Inc., E.ON Energie AG,  Electrabel, ENDESA S.A, Enel SpA, EnBW Energie Baden-Württemberg AG, International Power Plc, Mirant Corp., National Thermal Power Corporation Limited, Southern Company, Tokyo Electric Power Company Incorporated, Energy Future Holdings Corp., and Vattenfall Europe AG; Power Generation Equipment Manufacturers: Alstom Power Systems, Bharat Heavy Electricals Limited, GE Power Systems, Mitsubishi Heavy Industries, Rolls-Royce Plc, and Siemens AG. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain. 

TABLE OF CONTENTS

THERMAL POWER									MCP-1076
A GLOBAL STRATEGIC BUSINESS REPORT

                                           
CONTENTS


 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       Thermal Power Generation Equipment                               I-3
        Boilers                                                         I-3
        Turbines                                                        I-3
        Generators                                                      I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      A Quick Market Primer                                             II-1
      Global Electricity Demand Slated to Display Unprecedented Growth  II-1
      Thermal Power Generation by Fuel Type                             II-2
       Natural Gas                                                      II-2
       Coal                                                             II-2
       Nuclear and Renewable Energy                                     II-2
      Major Markets                                                     II-2
       The United States                                                II-2
        Table 1: US Market for Thermal Power (2009): Percentage
        Breakdown of Generation by Fuel Source - Coal, Natural Gas,
        Nuclear and Others (includes corresponding Graph/Chart)         II-3
      China                                                             II-3
       Thermal Power Dominates Chinese Electric Power Sector            II-3
      Japan                                                             II-3
      Russia                                                            II-4
      India - Facing Huge Deficit                                       II-4
      Global Market for Solar Thermal Power                             II-5
       Table 2: Global Solar Thermal Power Stations Presently in
       Operation (2010)                                                 II-5
       Table 3: Global Solar Thermal Power Stations Under
        Construction/Proposed                                           II-6

  2. POWER SECTOR REFORMS - AN OVERVIEW                                 II-7
      IPPs in Developing Countries                                      II-7
      Leading Players                                                   II-8
       Table 4: Leading Players in the Global Power Plant Market
       (2009): Percentage Breakdown of Installed Base for Alstom,
       General Electric, Siemens, Mitsubishi, and Others (includes
       corresponding Graph/Chart)                                       II-8

  3. MARKET TRENDS & ISSUES                                             II-9
      Recession Softens Growth in Thermal Power Market                  II-9
      Rising Preference for Clean Energies                              II-9
     Solar Thermal Power - A New Revelation in Power Generation         II-10
      Green Energy Initiatives to Spur Growth in Solar Thermal Power
       Market                                                           II-10
      Trend Towards Distributed Power Generation                        II-10
      Growing Environmental Concerns                                    II-11
       Table 5: Global CO2 Emissions (2008): Percentage  Breakdown
       of Emissions by Sector - Power  Generation, Transport, and
       Industry & Others (includes corresponding Graph/Chart)           II-11
      Increasing Regulations Boost R&D Efforts                          II-11
      Declining Production Cost for Coal-fired Power Generation         II-12

  4. AN OVERVIEW OF FUEL SOURCES                                        II-13
      Coal Continues Dominance                                          II-13
      Natural Gas-Fired Power Generation Gains                          II-13
       Table 6: Worldwide Electricity Generation (2000, 2005 and
       2010): Percentage Breakdown by Fuel Source - Coal, Natural
       Gas, Nuclear, Oil, and Renewables (includes corresponding
       Graph/Chart)                                                     II-14
      Economic Disparities Reflect in Fuel Source Penetration           II-15
       Table 7: Worldwide Electricity Generation (2008): Percentage
       Breakdown by Fuel Source for Industrialized Countries and
       Others - Coal, Natural Gas, Nuclear, Oil, and Renewables
       (includes corresponding Graph/Chart)                             II-15

  5. THERMAL POWER GENERATION EQUIPMENT: AN OVERVIEW                    II-16
      Growing Demand for Electricity Drives Power Generation
       Equipment Market                                                 II-16
      Boilers                                                           II-16
       Power Generation - Driving Force behind the Boiler Industry      II-16
       Asia-Pacific Leads the Market                                    II-17
        Table 8: World Market for Power Boilers (2006 & 2007):
        Percentage Breakdown by Region - Asia-Pacific, US, Europe,
        Japan, Middle East, Lain America, and Canada (includes
        corresponding Graph/Chart)                                      II-18
       Penetration of Gas-Fired Systems - A Major Threat                II-18
       Boilers: Product Overview                                        II-19
        Different Types of Boilers                                      II-19
         Pressurized Fluidized-Bed Combustion Boilers (PFBC)            II-19
         Circulating Fluidized Bed (CFB) Boilers                        II-20
         Pulverized-Coal (PC) Boiler Systems                            II-20
         Low Emission Boiler System (LEBS)                              II-21
         Cyclone-Fired Boilers                                          II-21
        Problems Associated with Boilers                                II-22
         Corrosion in Recovery Boilers - A Cause for Worry              II-22
         Cathodic Protection - A Possible Solution                      II-22
          Cathodic Protection: Technology and Methods                   II-22
           Galvanic System                                              II-22
           Impressed Control System                                     II-23
         Applications of Cathodic Protection in Power Plant             II-23
          Underground Piping Systems                                    II-23
          Waterfront Structures                                         II-23
          Cooling Water Systems                                         II-23
          Storage Tanks                                                 II-24
          Rusting in Boilers                                            II-24
          Excessive On/Off Cycles                                       II-24
        Issues & Trends                                                 II-24
         Testing Standards                                              II-24
         Industry Codes                                                 II-25
         Insurance Issues                                               II-25
         Boiler Catastrophes                                            II-26
      Turbines                                                          II-27
       Turbines - The Energy Generators                                 II-27
       Gas Turbines                                                     II-27
        Table 9: World Recent Past, Current & Future Analysis for
        Gas Turbines by Geographic Region - US, Canada, Japan,
        Europe, Asia-Pacific (excluding Japan), Middle East &
        Africa, and Latin America Markets Independently Analyzed
        with New Capacity Addition in Megawatts for the Years 2009
        through 2017 (includes corresponding Graph/Chart)               II-28
       Steam Turbines                                                   II-29
        Table 10: World Recent Past, Current and Future Analysis for
        Steam Turbines by Geographic Region - US, Canada, Japan,
        Europe, Asia-Pacific (excluding Japan), Middle East &
        Africa, and Latin America Markets Independently Analyzed
        with Annual Generation Figures in Gigawatt for the Years
        2009 through 2017 (includes corresponding Graph/Chart)          II-29
      Imports & Exports - Historic Statistics                           II-30
       Table 11: Global Market for Steam/Vapor Turbines (2000-2004):
       Imports in US$ Million by Select Country - China, US,
       Germany, Japan, and UK (includes corresponding Graph/Chart)      II-30

       Table 12: Global Market for Steam/Vapor Turbines (2000-2004):
       Exports in US$ Million by Select Country - Japan, Germany,
       US, UK, and China (includes corresponding Graph/Chart)           II-31
      Combined-Cycle/Combined-Heat-and-Power Turbines                   II-31
       Issues & Trends                                                  II-32
        Gas Turbines Set for a Big Leap                                 II-32
         Table 13: Leading Players in the Global Gas Turbines Market
         (2009): Percentage Breakdown of Unit Sales for General
         Electric, Siemens, Alstom, Mitsubishi, and Others (includes
         corresponding Graph/Chart)                                     II-33
        Steam Turbines on the Brink of Saturation                       II-33
        Leading Players                                                 II-34
         Table 14: Leading Players in the Global Steam Turbines
         Market (2009): Percentage Breakdown of Unit Sales for
         Alstom, General Electric, Siemens, Mitsubishi Heavy
         Industries, and Others (includes corresponding Graph/Chart)    II-34
        Overcoming Gas Turbine Shortage - A Historic Review             II-34
        Increasing Gas Turbine Capacity                                 II-35
        CHAT on the Horizon                                             II-35

  6. TECHNOLOGICAL DEVELOPMENTS                                         II-36
      New Technology Using Molten Salts for Round-the-Clock Usage of
       Solar Thermal Energy                                             II-36
      Unique Geothermal Heat Extraction Method for CO2 Emissionless
       Electricity Generation                                           II-36
      Innovative Carbon Material to Store Large Amounts of Renewable
       Power                                                            II-36
      Novel Thermal Power Process                                       II-36
      Heliostat Device by Chinese Inventor                              II-37
      New Improved Gas Turbine Technology Developed                     II-37
      Steam Cooling Systems for Gas Turbines Introduced                 II-37
      Russelectric Develops Advanced Power Control Systems for
       Generators                                                       II-37
      GE and DOE Jointly Develop Next Generation Advanced Version
       Gas Turbines                                                     II-38

  7. RECENT INDUSTRY ACTIVITY                                           II-39
      CR Power to Acquire Remaining Stake in Guangzhou Power            II-39
      MT Falcon Holdings Takes Over Thermal Power Operations from
       Spanish Gas Natural                                              II-39
      Penglai Electric and eSolar Ink Master Licensing Agreement        II-39
      MPPGCL and BHEL Ink Joint Venture Agreement                       II-39
      GD Power Development Company Signs Agreement  with QYTPC          II-39
      Abu Dhabi National Energy and Ghana Government Sign Agreement     II-40
      Daewoo Engineering Signs Agreement with Merak Energi              II-40
      BHEL Secures Contract for Establishing Thermal Power Projects
       in Maharashtra                                                   II-40
      NTPC Inks MoU with GPCL                                           II-40
      Siemens to Establish New Gas Turbine Plant in the US              II-40
      Electricity of Vietnam Group to Establish Vinh Tan 2 Thermal
       Power Plant                                                      II-40
      Siemens Snaps up Solel Solar Systems                              II-41
      Siemens to Acquire Minority Interest in Archimede Solar Energy    II-41
      Gagasan Steel Acquires Thermal Power Plant from Govt. of Malaysia II-41
      KEPCO and Samsung to Acquire Stakes in Balkhash Power Unit        II-41
      Shenhua Group to Form JV with General Electric                    II-41
      Bharat Forge and Alstom Group to Form an Alliance                 II-42
      Romgaz Forms JV with Gazprom                                      II-42
      NTPC Inks Agreement with Coal India                               II-42
      Mitsubishi to form Alliance with GE                               II-42
      SCE Enters into Agreement with BrightSource Energy                II-42
      BHEL Wins Contract from KWPCL                                     II-42
      Subhash Projects and Marketing Signs Contract with NTPC           II-42
      Pacific Gas and Electric and Alpine SunTower Ink Agreement        II-43
      Technopromexport Bags Contract from Electricity Ministry of Iraq  II-43
      Arrow Resources Development Signs MoU with Gtherm and Four
       Crystal Funding                                                  II-43
      BHEL and NTPC to Build Power Plants in Karnataka                  II-43
      Acciona Energia to Construct Solar Thermal Power Plants           II-44
      China Huaneng Group Commences Erection of Thermal Power Plant     II-44
      Alstom to Operate Power Stations in Vietnam                       II-44
      Japan to Establish Thermal Power stations in Yemen                II-44
      Iberdrola Renovables Starts Solar Thermo-Power Unit               II-44
      PetroVietnam to Construct Thermo-Power Center                     II-45

  8. STRATEGIC CORPORATE DEVELOPMENTS -  A HISTORIC PERSPECTIVE BUILDER II-46
      AES Acquires Masinloc Thermal Power Plant                         II-46
      NRG Energy to Acquire Calpine Corp.                               II-46
      Weiqiao to Acquire Shandong's Thermal Power Business              II-46
      Toshiba Corporation to Establish JV with JSW Group                II-46
      Termoelectrica, E.ON, and Enel Sign MoU                           II-46
      PT PLN to Construct Two Thermal Power Plants in Sulawesi          II-47
      India and Sri Lanka Collaborate to Build Thermal Power Plant      II-47
      PEPCO to Sign Agreement with DFEC                                 II-47
      Suez Energy Signs MoU with Mimag-Samko                            II-47
      Austrian Thermal Power to Build CCGT Power Plant                  II-47
      Singareni to Build Two Power Plants in India                      II-47
      Prakash Industries to Establish Thermal Power Plant in India      II-48
      BHEL to Expand Haridwar Facility                                  II-48
      Crompton Greaves Set to Bag NTPC Transformer Contract             II-48
      Birla Tyres Obtains Approval for Setting-Up Power Plant in Orissa II-48
      Suryachakra to Set-Up Power Plant in Chhattisgarh                 II-48
      BHEL Bags Contract worth INR24.75 Billion to Build Thermal
       Power Plant                                                      II-48
      Simplex to Foray into Thermal Power Production                    II-48
      CESC to Build Power Plant in Jharkhand                            II-49
      Indira Gandhi Super Thermal Power Project to Supply Power to
       Delhi and Haryana                                                II-49
      NTPC to Build Two Thermal Power Project in Maharashtra            II-49
      Indian Government Grants Approval for UMPPs                       II-49
      Badarpur Starts 6 Megawatts Biomass-Based Thermal Power Plant     II-49
      Simplex Bags Order for Maithon Thermal Power Project              II-49
      BSEB and NTPC to Form Joint Venture Company                       II-50
      Prakash Industries to Set-up Thermal Power Plant in M.P           II-50
      China Closes 14.4 Million Kilowatts of Thermal Power Capacity     II-50
      Five Thermal Power Projects of 1200 MW to Come Up by 2009         II-50
      Pakistan to Set up 20,000 MW Thermal Power Plant by 2019          II-50
      Vietnam Province Grants Permission to Build 2,400 Megawatts
       Thermal Power Plant                                              II-51
      Lukoil Romania to Set up a Thermal Power Plant                    II-51
      Ural Federal District to Gain Four Thermal Power Stations         II-51
      United Company RUSAL to Start Thermal Power Research Centre       II-51
      Top Energy to Retain $68 Million Thermal Power Station            II-51
      ADB Grants $ 931 Million to Thermal Power Plant of Vietnam        II-52
      Chhattisgarh to Build 30,000 Megawatts thermal power plants by
       2012                                                             II-52
      NTPC Inks US$380 Million Loan Agreement with JBIC                 II-52
      OPG Energy to Set-Up 77 Megawatts Thermal Power Plant             II-52
      BHEL to Set-Up 2x800 Megawatts Thermal Power Project at Obra      II-52
      AES and Orissa Government to Expand Power Capacity at IB-
       Valley Thermal Power Station                                     II-52
      Haryana State Inaugurates 300 MW Thermal Power Project            II-53
      BHEL Receives a Supply & Installation Order                       II-53
      NTPC to Invest in Joint Venture                                   II-53
      Jindal Develops a New Thermal Power Project                       II-53
      TNEC to Establish 1000 MW Power Plant                             II-53
      KK Birla Group to Set Up 2000 MW Power Project                    II-54
      PIB Approves 1000 MW Power Plant                                  II-54
      Bongaigaon Project Receives Eco Clearance                         II-54
      Karnataka to Set up SPV to Implement Power Plants                 II-54
      MHI to License Technology to BHEL                                 II-54
      Lanco to Build 2460 MW Thermal Power Plant                        II-55
      Indian Railways & NTPC to Float a Joint Venture Company           II-55
      NTPC to Acquire Sidi Krier                                        II-55
      NSPCL and CSEB Inks a Power Purchase Deal                         II-55
      Government Grants Approval for Talwandi Power Plant               II-55
      ETA-Ascon to Invest in Indian Thermal Electricity Plant           II-55
      Jingneng to Acquire 30% Stake in Jingfeng                         II-56
      China Closes 11.1 Million Kilowatts of Thermal Power Capacity     II-56
      Jingneng Thermal Power to Acquire 15% stake in Yitai Jingyue      II-56
      Poly HK to Divest Thermal Power Plant                             II-56
      HDPI Signs a Deal with Yanzhou Coal                               II-56
      Datang to Invest US$1.2 Billion in Guangdong                      II-57
      China National to Set up Power Station                            II-57
      Toshiba Forms Joint Venture with Xian                             II-57
      China Shuts down Two Small Thermal Power Plants                   II-57
      Soc Trang Province Grants Approval for 4,400 Megawatts Thermal
       Power Center Project                                             II-57
      Toyo Ink Group to Set up Thermal Power Plant                      II-58
      Bali to Build 400 MW Thermal Power Plant                          II-58
      Iran and Turkey Inks Collaboration Agreement to Set-up Three
       Thermal Power Plants                                             II-58
      Enel to Build Thermal Power Station in Romania                    II-58
      Alro to Invest in Thermal Power Plant                             II-58
      Ausra and PG&E to Set-Up 177 Megawatt Solar Thermal Power Plant   II-58
      TGC-10 Invests in Nyagan GRES Thermal Power Plant                 II-59
      UES Divests 22.9% stake in Moscow Thermal Power Grid              II-59
      Uganda Obtains Further $300 Loan for Thermal Power                II-59
      Doosan to Supply Boilers to Thermal Power Plant in Al Khalij      II-59
      OJSC Donbasenergo Upgrades Power Plant Capacity                   II-60
      Maire to Start Constructing $119.7 Million Thermal Power Plant    II-60
      Chilean Agrisol Builds New Thermal Power Plant                    II-60
      Energia del Sur Plans to Invest $ 80 Million in Expanding Plant   II-60
      Japanese Sumitomo to Build Coal Based Power Plant                 II-60
      Japanese Mitsui Receives Power Plant Construction Contract        II-60

  9. FOCUS ON SELECT GLOBAL PLAYERS                                     II-61
      Power Generation                                                  II-61
       AES Corporation (US)                                             II-61
       American Electric Power Company, Inc. (US)                       II-61
        Table 15: American Electric Power Company (2007): Percentage
        Breakdown of Power Generating Capacity by Fuel Source -
        Coal/Lignite, Natural Gas, Nuclear, and Others (Wind &
        Hydro, among others) (includes corresponding Graph/Chart)       II-61
       Beijing Jingneng Thermal Power Co. Ltd. (China)                  II-61
       Calpine Corporation (US)                                         II-62
       Duke Energy Corporation (US)                                     II-62
       Dynegy, Inc. (US)                                                II-62
       E.ON Energie AG (Germany)                                        II-62
       Electrabel (Belgium)                                             II-63
       ENDESA S.A.(Spain)                                               II-63
       Enel S.p.A. (Italy)                                              II-63
        Table 16: Enel’s Focus On Renewables (2007): Percentage
        Breakdown of Power Production by Renewable Energy Sources -
        Geothermal, Mini-Hydro, Wind, and Others(includes
        corresponding Graph/Chart)                                      II-63

        Table 17: Enel’s International Net Energy Production Mix
        (2007): Percentage Breakdown of Power Production by
        Fuel/Energy Source - Nuclear, Coal, Other renewables, CCGT,
        Oil & Gas, and Hydro (includes corresponding Graph/Chart)       II-64
       EnBW Energie Baden-Wuerttemberg AG (Germany)                     II-64
       International Power Plc (The United Kingdom)                     II-64
        Table 18: International Power Plc (2007): Percentage
        Breakdown of Power Production by Fuel Type - Gas, Coal, Oil,
        Wind, Hydro, and Others (includes corresponding Graph/Chart)    II-64
       Mirant Corp. (US)                                                II-65
       National Thermal Power Corporation Limited (India)               II-65
        Table 19: National Thermal Power Corporation Limited (NTPC)
        (2007): Percentage Breakdown of Commissioned Capacity by
        Fuel Type - Coal, and Gas/ Liquid Fuel                          II-65
       Southern Company (US)                                            II-65
        Table 20: Georgia Power (2008): Percentage Breakdown of
        Power Generation Sources (includes corresponding
        Graph/Chart)                                                    II-66
       Tokyo Electric Power Company, Incorporated (Japan)               II-66
        Table 21: Tokyo Electric Power Company (2008): Percentage
        Breakdown of Electric Power Generating Capacity by Fuel
        Source - Thermal (Oil, Coal, LNG/LPG), Hydro, Nuclear And
        New Energy (includes corresponding Graph/Chart)                 II-66
       Energy Future Holdings Corp (US)                                 II-66
       Vattenfall Europe AG (Germany)                                   II-66
      Power Generation Equipment Manufacturers                          II-67
       Alstom Power Systems (US)                                        II-67
       Bharat Heavy Electricals Limited (India)                         II-67
       GE Power Systems (US)                                            II-68
       Mitsubishi Heavy Industries (Japan)                              II-69
       Rolls-Royce Plc (The United Kingdom)                             II-69
       Siemens AG (Germany)                                             II-69

  10. GLOBAL MARKET PERSPECTIVE                                         II-70
      Table 22: World Recent Past, Current & Future Analysis for
      Thermal Power by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Middle East & Africa,
      and Latin America Markets Independently Analyzed with Annual
      Generation Figures in Billion Kilowatt-hours for the Years
      2009 through 2017 (includes corresponding Graph/Chart)            II-70

      Table 23: World Historic Review for Thermal Power by
      Geographic Region - US, Canada, Japan, Europe,Asia-Pacific
      (excluding Japan), Middle East & Africa, and Latin America
      Markets Independently Analyzed with Annual Generation  Figures
      in Billion Kilowatt-hours for the Years 2003 through 2008
      (includes corresponding Graph/Chart)                              II-71

      Table 24: World 15-Year Perspective for Thermal Power by
      Geographic Region - Percentage Breakdown of Generation for US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East & Africa, and Latin America Markets for the Years 2003,
      2011 & 2017 (includes corresponding Graph/Chart)                  II-72


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Electricity Generation in the US - A Few Pointers               III-1
         Table 25: Electricity Generation in the US (2009):
         Percentage Breakdown by Fuel Source - Coal, Natural Gas,
         Nuclear, Hydroelectric, Petroleum/Oil, and Others (includes
         corresponding Graph/Chart)                                     III-2

         Table 26: Electricity Market in the US (2010): Percentage
         Breakdown of Consumption by Sector - Household, Commercial,
         Industrial, and Transportation (includes corresponding
         Graph/Chart)                                                   III-2

         Table 27: US Thermal Power Market (2007 & 2008): Percentage
         Breakdown of Imports and Exports in Value Terms                III-2
        Uncertainty in Capacity Additions                               III-3
         Table 28: Coal-Fired Capacity Additions in the US
         (2002-2009) by State - Utah, Wyoming, Kentucky, Wisconsin,
         Missouri, Montana, North Dakota, Arkansas, Oklahoma,
         Pennsylvania, Colorado, Iowa, Indiana, Georgia, Arizona,
         Louisiana, Illinois, Texas, South Carolina, Washington,
         West Virginia, Florida, Maryland, and Virginia                 III-3
        Coal Usage in Power Generation- A Peek into the Past            III-3
         Table 29: US Market for Electricity: Capacity Additions for
         1991-2005 in GW (includes corresponding Graph/Chart)           III-4

         Table 30: Electricity Market in the US (2000-2005):
         Capacity Additions of Select Companies - Calpine Corp, Duke
         Energy, Panda Energy, PG&E, Cogentrix, FPL Group,
         International Power, Tenaska, Public Service Enterprise
         Group, and Mirant (includes corresponding Graph/Chart)         III-5
        Market Trends & Issues                                          III-5
         Solar Thermal Power Market - Offering High Growth Potential    III-5
         Robust Growth Prospects for Thermal Power Maintenance
          Market in North America                                       III-6
         New Energy Policy Gives Boost to Nuclear Power                 III-6
         Power Plant Improvement Initiative                             III-6
         Coal Gasification - A Niche Solution                           III-7
         Combined Heat and Power - Reduces Energy Wastage during
          Power Generation                                              III-7
         Deregulation of Power Sector                                   III-8
         Deregulated Market - Pros and Cons                             III-8
         Refiners as Independent Power Producers                        III-9
        An Overview of Fuel Sources                                     III-9
        An Overview of Power Generation Equipment                       III-10
         Rising Demand for Electricity Generation Equipment             III-10
         North American Power Generation Market                         III-11
          Gas Turbines                                                  III-11
           Table 31: North American Market for Rental Gas Turbines
            (2000-2008) (includes corresponding Graph/Chart)            III-11
          Market Drivers                                                III-12
           Table 32: Leading Players in the US Turbines Market
           (2008): Percentage Breakdown of Unit Sales for GE,
           Siemens, Alstom, and Others (includes corresponding
           Graph/Chart)                                                 III-12
          Natural Gas Turbines Market                                   III-12
           Table 33: Leading Players in the US Gas Turbines Market
           (2008): Percentage Breakdown of Unit Sales for GE,
           Siemens, Alstom, and Others (includes corresponding
           Graph/Chart)                                                 III-12
          Imports & Exports - A Historic Review                         III-13
           Table 34: US Market for Turbo-Jets, Turbo- Propellers and
           Other Gas Turbines (2001-2005): Imports in US$ Million by
           Select Country - France, UK, Canada, Germany, Japan,
           Italy, South Korea, Switzerland, Singapore and India
           (includes corresponding Graph/Chart)                         III-13

           Table 35: US Market for Turbo-Jets, Turbo-Propellers and
           Other Gas Turbines (2001-2005): Exports in US$ Million by
           Select Country - France, UK, Germany, Canada, Singapore,
           Japan, Italy, South Korea, Switzerland and India
           (includes corresponding Graph/Chart)                         III-14

           Table 36: US Recent Past, Current & Future Market
           Analysis for Turbines by Product Segment - Steam Turbines
           and Gas Turbines Markets Independently Analyzed with New
           Capacity Addition in Megawatts for the Years 2009 through
           2017 (includes corresponding Graph/Chart)                    III-15
          Boilers                                                       III-15
           Perceptive Changes in Use of Coal                            III-15
           Technological Developments in the Late 90s                   III-16
            New Burner Design for Boilers                               III-16
        Key Players                                                     III-17
      B.Market Analytics                                                III-18
        Table 37: US Recent Past, Current & Future Market Analysis
        for Thermal Power with Annual Generation Figures in Billion
        Kilowatt-hours for the Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                      III-18

        Table 38: US Historic Review for Thermal Power with Annual
        Generation Figures in Billion Kilowatt-hours for the Years
        2003 through 2008 (includes corresponding Graph/Chart)          III-19

  2. CANADA                                                             III-20
      A.Market Analysis                                                 III-20
        Table 39: Electricity Generation in Canada (2006-2009):
        Percentage Breakdown by Fuel Source - Hydro,Thermal,  and
        Others (includes correspondingGraph/Chart)                      III-20
        Thermal Power Generation Equipment                              III-21
         Small Market for Large Gas Turbines                            III-21
         Historic Statistics                                            III-22
          Table 40: Canadian Market for Turbo-Jets, Turbo-Propellers
          and Other Gas Turbines (2001-2005): Imports in US$ Million
          by Select Country - US, UK, Germany, France, and Japan
          (includes corresponding Graph/Chart)                          III-22

          Table 41: Canadian Market for Turbo-Jets, Turbo-Propellers
          and Other Gas Turbines (2001-2005): Exports in US$ Million
          by Select Country - US, France, UK, Germany, and Japan
          (includes corresponding Graph/Chart)                          III-23

          Table 42: Canadian Recent Past, Current & Future Market
          Analysis for Turbines by Product Segment - Steam Turbines
          and Gas Turbines Markets  Independently Analyzed with New
          Capacity Addition  in Megawatts for the Years 2009 through
          2017  (includes corresponding Graph/Chart)                    III-24
      B.Market Analytics                                                III-25
        Table 43: Canadian Recent Past, Current & Future Market
        Analysis for Thermal Power with Annual Generation Figures in
        Billion Kilowatt-hours for the Years 2009 through 2017
        (includes corresponding Graph/Chart)                            III-25

        Table 44: Canadian Historic Review for Thermal Power with
        Annual Generation Figures in Billion Kilowatt-hours for the
        Years 2003 through 2008 (includes corresponding Graph/Chart)    III-26

  3. JAPAN                                                              III-27
      A.Market Analysis                                                 III-27
        Regulatory Reforms - An Overview                                III-27
         Table 45: New Electric Power Generating Capacity Additions
         (in MW) in Japan by Company - Daio Paper, Diamond Power,
         Ennet, Summit Energy, eREX, and Nippon Steel (includes
         corresponding Graph/Chart)                                     III-28
        Major Impediments to Competition in the Japanese Electric
         Power Sector                                                   III-28
        Power Generation Equipment                                      III-29
         Table 46: Japanese Recent Past, Current & Future Market
         Analysis for Turbines by Product Segment - Steam Turbines
         and Gas Turbines Markets Independently Analyzed with New
         Capacity Addition in Megawatts for the Years 2009 through
         2017 (includes corresponding Graph/Chart)                      III-29
        Key Players                                                     III-29
         Power Generation                                               III-29
         Power Generation Equipment Manufacturers                       III-29
      B.Market Analytics                                                III-30
        Table 47: Japanese Recent Past, Current & Future Market
        Analysis for Thermal Power with Annual Generation Figures in
        Billion Kilowatt-hours for the Years 2009 through 2017
        (includes corresponding Graph/Chart)                            III-30

        Table 48: Japanese Historic Review for Thermal Power with
        Annual Generation Figures in Billion Kilowatt-hours for the
        Years 2003 through 2008 (includes corresponding Graph/Chart)    III-31

  4. EUROPE                                                             III-32
      A.Market Analysis                                                 III-32
        Changing Landscape of European Power Market                     III-32
        German Dominance in European Solar Thermal Power Market Reduces III-32
        An Overview of Power Generation Equipment Market in Europe      III-33
         Table 49: Leading Players in the European Gas  Turbines
         Market (2008): Percentage Breakdown of  Unit Sales for
         Alstom, Siemens, GE, and Others (includes corresponding
         Graph/Chart)                                                   III-33
         European Steam Turbines Market                                 III-33
          Table 50: Leading Players in the European Steam Turbines
          Market (50-100 MW Segment) - (2008): Percentage Breakdown
          of Number of Units Sold for Siemens/Alstom, Ansaldo,
          Babcock Borsig Power, Dresser Rand, GE Nuovo Pignone, GE
          Power Systems, MHI, and Skoda (includes corresponding
          Graph/Chart)                                                  III-34

          Table 51: Leading Players in the European Steam Turbines
          Market (100-300 MW Segment) -  (2008): Percentage
          Breakdown of Unit Sales  for Alstom, Ansaldo, GE Power
          Systems,  MHI, Siemens, and Skoda (includes  corresponding
          Graph/Chart)                                                  III-34
      B.Market Analytics                                                III-35
        Table 52: European Recent Past, Current & Future Analysis
        for Thermal Power by Geographic Region - France, Germany,
        Italy, UK, Spain, Russia, and Rest of Europe Markets
        Independently Analyzed with Annual Generation Figures in
        Billion Kilowatt-hours for the Years 2009 through 2017
        (includes corresponding Graph/Chart)                            III-35

        Table 53: European Historic Review for Thermal Power by
        Geographic Region - France, Germany, Italy, UK, Spain,
        Russia, and Rest of Europe Markets Independently Analyzed
        with Annual Generation Figures in Billion Kilowatt-hours for
        the Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                    III-36

        Table 54: European 15-Year Perspective for Thermal Power by
        Geographic Region - Percentage Breakdown of Generation for
        France, Germany, UK, Italy, Spain, Russia, and Rest of
        Europe Markets for the Years 2003, 2011 & 2017 (includes
        corresponding Graph/Chart)                                      III-37

  4a. FRANCE                                                            III-38
      A.Market Analysis                                                 III-38
        Electricity Generation in France - A Peek into the Past         III-39
         Table 55: Electricity Generation in France (1980-2000):
         Percentage Breakdown by Fuel Source - Hydro, Nuclear, and
         Others (includes corresponding  Graph/Chart)                   III-39
        Electricite De France - A Key Player                            III-39
      B.Market Analytics                                                III-40
        Table 56: French Recent Past, Current & Future Market
        Analysis for Thermal Power with Annual Generation Figures in
        Billion Kilowatt-hours for the Years 2009 through 2017
        (includes corresponding Graph/Chart)                            III-40

        Table 57: French Historic Review for Thermal Power with
        Annual Generation Figures in Billion Kilowatt-hours for the
        Years 2003 through 2008 (includes corresponding Graph/Chart)    III-41

  4b. GERMANY                                                           III-42
      A.Market Analysis                                                 III-42
        Nuclear Power Replacement - What the Future Beholds?            III-42
        Surge in Solar Thermal Energy Market                            III-43
        Power Generation in Germany - A Historic Review                 III-43
         Table 58: Electricity Generation in Germany (1991-2001):
         Percentage Breakdown by Fuel Source - Thermal, Nuclear, and
         Hydro (includes corresponding Graph/Chart)                     III-44
        Key Players                                                     III-45
         Power Generation                                               III-45
      B.Market Analytics                                                III-46
        Table 59: German Recent Past, Current & Future Market
        Analysis for Thermal Power with Annual Generation Figures in
        Billion Kilowatt-hours for the Years 2009 through 2017
        (includes corresponding Graph/Chart)                            III-46

        Table 60: German Historic Review for Thermal Power with
        Annual Generation Figures in Billion kilowatt-hours for the
        Years 2003 through 2008 (includes corresponding Graph/Chart)    III-47

  4c. ITALY                                                             III-48
      A.Market Analysis                                                 III-48
        Table 61: Thermal Power Generation in Italy (2006-2010):
        Percentage Breakdown by Fuel Type - Oil, Gas, and Multi-Fuel
        (includes corresponding Graph/Chart)                            III-48
      B.Market Analytics                                                III-49
        Table 62: Italian Recent Past, Current & Future Market
        Analysis for Thermal Power with Annual Generation Figures in
        Billion Kilowatt-hours for the Years 2009 through 2017
        (includes corresponding Graph/Chart)                            III-49

        Table 63: Italian Historic Review for Thermal Power with
        Annual Generation Figures in Billion Kilowatt-hours for the
        Years 2003 through 2008 (includes corresponding Graph/Chart)    III-50

  4d. THE UNITED KINGDOM                                                III-51
      A.Market Analysis                                                 III-51
        Table 64: Installed Electricity Generation Capacity in the
        UK (2008): Percentage Breakdown by Fuel Source - Thermal,
        Nuclear, and Others (includes corresponding Graph/Chart)        III-51
        Regulatory Issues - A Historic Perspective                      III-51
      B.Market Analytics                                                III-52
        Table 65: UK Recent Past, Current & Future Market Analysis
        for Thermal Power with Annual Generation Figures in Billion
        Kilowatt-hours for the Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                      III-52

        Table 66: UK Historic Review for Thermal Power with Annual
        Generation Figures in Billion Kilowatt-hours for the Years
        2003 through 2008 (includes corresponding Graph/Chart)          III-53

  4e. SPAIN                                                             III-54
      A.Market Analysis                                                 III-54
        Table 67: Installed Electricity Generation Capacity in Spain
        (2008): Percentage Breakdown by Fuel Source - Thermal,
        Hydro, Nuclear, and Others (includes corresponding
        Graph/Chart)                                                    III-54
        Regulatory Issues - A Historic Perspective                      III-54
        Key Player                                                      III-55
      B.Market Analytics                                                III-55
        Table 68: Spanish Recent Past, Current & Future Market
        Analysis for Thermal Power with Annual Generation Figures in
        Billion Kilowatt-hours for the Years 2009 through 2017
        (includes corresponding Graph/Chart)                            III-55

        Table 69: Spanish Historic Review for Thermal Power with
        Annual Generation Figures in Billion Kilowatt- hours for the
        Years 2003 through 2008 (includes corresponding Graph/Chart)    III-56

  4f. RUSSIA                                                            III-57
      A.Market Analysis                                                 III-57
        Table 70: Electricity Generation in Russia (2007):
        Percentage Breakdown by Fuel Source - Thermal, Hydro, and
        Nuclear (includes corresponding Graph/Chart)                    III-57
        Focus on Exports                                                III-57
        Attracting Investment Assumes Prime Importance                  III-58
        Restructuring Programs in early 2000                            III-58
         Table 71: Investments in Russian Power Sector (2001-2020):
         Percentage Breakdown by Fuel Source on a Five- Year Period
         Basis - Thermal, Nuclear,Hydro, and  Others (includes
         corresponding Graph/Chart)                                     III-59
      B.Market Analytics                                                III-60
        Table 72: Russian Recent Past, Current & Future Market
        Analysis for Thermal Power with Annual Generation Figures in
        Billion Kilowatt-hours for the Years 2009 through 2017
        (includes corresponding Graph/Chart)                            III-60

        Table 73: Russian Historic Review for Thermal Power with
        Annual Generation Figures in Billion Kilowatt- hours for the
        Years 2003 through 2008 (includes corresponding Graph/Chart)    III-61

  4g. REST OF EUROPE                                                    III-62
      A.Market Analysis                                                 III-62
        Focus on Select Markets                                         III-62
         Czech Republic                                                 III-62
          A Peek into the Past                                          III-62
          The Czech Energy Act                                          III-62
         Greece                                                         III-62
          A Historic Perspective                                        III-62
           Table 74: Electricity Generation in Greece (2007):
           Percentage Breakdown by Fuel Source - Thermal, Hydro, and
           Others (includes corresponding Graph/Chart)                  III-63
           Table 75: Expansions of Electricity Generating Capacity
            in Greece for 2002-2006 (includes corresponding Graph/
             Chart)                                                     III-64
         Hungary                                                        III-64
         Turkey                                                         III-64
        Key Players                                                     III-66
         Škoda Power A.S. (Czech Republic)                              III-66
      B.Market Analytics                                                III-66
        Table 76: Rest of Europe Recent Past, Current & Future
        Market Analysis for Thermal Power  with Annual Generation
        Figures in Billion Kilowatt-  hours for the Years 2009
        through 2017 (includes corresponding Graph/Chart)               III-66

        Table 77: Rest of Europe Historic Review for Thermal Power
        with Annual Generation Figures in Billion Kilowatt-hours for
        the Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                    III-67

  5. ASIA-PACIFIC                                                       III-68
      A.Market Analysis                                                 III-68
        Power Generation Equipment Market in Asia-Pacific               III-68
         Table 78: Leading Players in the Asian Turbines Market
         (2008): Percentage Breakdown of Unit Sales for Alstom, GE,
         Siemens, and Others (includes corresponding Graph/Chart)       III-68

         Table 79: Leading Players in the Asian Gas Turbines Market
         (2008): Percentage Breakdown of Unit Sales for GE, Siemens,
         Alstom, and Others (includes corresponding Graph/Chart)        III-68

         Table 80: Asia-Pacific Recent Past, Current & Future
         Analysis for Turbines by Product Segment - Steam Turbines
         and Gas Turbines Markets Independently Analyzed with New
         Capacity Addition in Megawatts for the Years 2009 through
         2017 (includes corresponding Graph/Chart)                      III-69
        Focus on Select Markets                                         III-69
         Australia                                                      III-69
          A Peek into the Past                                          III-69
          National Electricity Market (NEM)                             III-70
         China                                                          III-71
          Table 81: Chinese Electric Power Market (2008): Percentage
          Breakdown of Generation by Fuel Source - Thermal,
          Hydropower, Nuclear and Others (includes corresponding
          Graph/Chart)                                                  III-71

          Table 82: Chinese Electric Power Market: Installed
          Capacity Estimates/Projections for the Years 2006-2012 in
          GW (includes corresponding Graph/Chart)                       III-72
          Industry Growth Drives Demand for Electricity                 III-72
           Table 83: Electricity Market in China (2009): Percentage
           Breakdown of Consumption by Consumer - Industry,
           Household, Agriculture, and Service Sectors (includes
           corresponding Graph/Chart)                                   III-72
         India                                                          III-73
          Thermal Power Market in India Offers Lucrative Potential      III-73
          Government of India to Introduce New Norms for Thermal
           Power Projects                                               III-74
           Power Generation - A Historic Perspective                    III-74
            Table 84: Electricity Market in India (2001-2012):
            Planned Capacity Additions by Fuel Source - Coal,
            Gas/Diesel/LNG, Hydro, and Nuclear (includes
            corresponding Graph/Chart)                                  III-74
           An Account of Cancelled or Deferred Power Projects           III-75
           An Overview of the Indian Coal Market                        III-75
           Indian Electric Power Sector during 1990’s                   III-76
         Pakistan                                                       III-77
          Table 85: Electricity Market in Pakistan (2007):
          Percentage Breakdown of Installed Generating Capacity by
          Fuel Source - Thermal, Hydro, and Others (includes
          corresponding Graph/Chart)                                    III-78
          Steady Economy Enlivens Optimism Among Investors              III-78
         Sri Lanka                                                      III-78
          Table 86: Electricity Market in Sri Lanka (2007):
          Percentage Breakdown of Generation by Fuel Source - Hydro,
          Thermal, and Others (includes corresponding Graph/Chart)      III-79
          An Account of Major Private Power Projects in Recent Past     III-79
         The Philippines                                                III-80
          Power Generation                                              III-80
         Vietnam                                                        III-81
        Key Players                                                     III-81
         Power Generation                                               III-81
         Power Generation Equipment Manufacturer                        III-81
      B.Market Analytics                                                III-82
        Table 87: Asia-Pacific Recent Past, Current and Future
        Analysis for Thermal Power by Geographic Region - Australia,
        China, India, Indonesia, Malaysia, Pakistan, South Korea,
        Taiwan, Thailand, and Rest of Asia-Pacific Markets
        Independently Analyzed with Annual Generation Figures in
        Billion Kilowatt-hours for the Years 2009 through 2017
        (includes corresponding Graph/Chart)                            III-82

        Table 88: Asia-Pacific Historic Review for Thermal Power by
        Geographic Region - Australia, China, India, Indonesia,
        Malaysia, Pakistan, South Korea, Taiwan, Thailand, and Rest
        of Asia-Pacific Markets Independently Analyzed with Annual
        Generation Figures in Billion Kilowatt-hours for the Years
        2003 through 2008 (includes corresponding Graph/Chart)          III-83

        Table 89: Asia-Pacific 15-Year Perspective for Thermal Power
        by Geographic Region - Percentage Breakdown of Generation
        for Australia, China, India, Indonesia, Malaysia, Pakistan,
        South Korea, Taiwan, Thailand, and Rest of Asia-Pacific
        Markets for the Years 2003, 2011 & 2017 (includes
        corresponding Graph/Chart)                                      III-84

  6. MIDDLE EAST & AFRICA                                               III-85
      A.Market Analysis                                                 III-85
        Focus on Select Markets                                         III-85
         Egypt                                                          III-85
         Iran                                                           III-85
         Saudi Arabia                                                   III-86
      B.Market Analytics                                                III-87
        Table 90: Middle East & Africa Recent Past, Current & Future
        Analysis for Thermal Power by Geographic Region - South
        Africa, Saudi Arabia, Iran, Israel, Egypt, Kuwait, and
        Others Markets Independently Analyzed with Annual Generation
        Figures in Billion Kilowatt-hours for the Years 2009 through
        2017 (includes corresponding Graph/Chart)                       III-87

        Table 91: Middle East & Africa Historic Review for Thermal
        Power by Geographic Region - South Africa, Saudi Arabia,
        Iran, Israel, Egypt, Kuwait, and Others Markets
        Independently Analyzed with Annual Generation Figures in
        Billion Kilowatt-hours for the Years 2003 through 2008
        (includes corresponding Graph/Chart)                            III-88

        Table 92: Middle East & Africa 15-Year Perspective for
        Thermal Power by Geographic Region - Percentage Breakdown of
        Generation for South Africa, Saudi Arabia, Iran, Israel,
        Egypt, Kuwait, and Others Markets for the Years 2003, 2011 &
        2017 (includes corresponding Graph/Chart)                       III-89

  7. LATIN AMERICA                                                      III-90
      A.Market Analysis                                                 III-90
        Table 93: Electricity Market in Latin America (2006 & 2007):
        Percentage Breakdown of Generation by Fuel Source - Hydro,
        Thermal Power, and Others (includes corresponding
        Graph/Chart)                                                    III-90
        Focus on Select Markets                                         III-90
         Argentina                                                      III-90
         Brazil                                                         III-91
         Chile                                                          III-91
         Colombia                                                       III-91
         Mexico                                                         III-91
          Table 94: Electricity Market in Mexico (2007): Percentage
          Breakdown of Generation by Fuel Source - Thermal, Hydro,
          Nuclear, and Others (includes corresponding Graph/Chart)      III-92
          Shift to Natural Gas                                          III-92
         Paraguay                                                       III-92
         Peru                                                           III-93
         Uruguay                                                        III-93
          Table 95: Major Hydroelectric Power Projects in Uruguay (
           includes corresponding Graph/Chart)                          III-93
         Venezuela                                                      III-93
         Costa Rica                                                     III-94
         El Salvador                                                    III-94
         Guatemala                                                      III-94
         Honduras                                                       III-95
         Nicaragua                                                      III-95
      B.Market Analytics                                                III-96
        Table 96: Latin American Recent Past, Current & Future
        Analysis for Thermal Power by Geographic Region - Argentina,
        Brazil, Chile, Colombia, Cuba, Mexico, Puerto Rico,
        Venezuela, and Rest of Latin America Markets Independently
        Analyzed with Annual  Generation Figures in Billion
        Kilowatt-hours  for the Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                      III-96

        Table 97: Latin American Historic Review for Thermal Power
        by Geographic Region - Argentina, Brazil, Chile, Colombia,
        Cuba, Mexico, Puerto Rico, Venezuela, and Rest of Latin
        America Markets Independently Analyzed with Annual
        Generation Figures in Billion Kilowatt-hours for the Years
        2003 through 2008 (includes corresponding Graph/Chart)          III-97

        Table 98: Latin American 15-Year Perspective for Thermal
        Power by Geographic Region - Percentage Breakdown of
        Generation for Argentina, Brazil, Chile, Colombia, Cuba,
        Mexico, Puerto Rico, Venezuela, and Rest of Latin America
        Markets for the Years 2003, 2011 & 2017 (includes
        corresponding Graph/Chart)                                      III-98


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 113 (including Divisions/Subsidiaries - 131)
     
     ------------------------------------------
     Region/Country                     Players
     ------------------------------------------
     The United States                     44
     Canada                                 2
     Japan                                  8
     Europe                                40
      France                                3
      Germany                               7
      The United Kingdom                    7
      Italy		                    3
      Spain		                    3
      Rest of Europe                       17
     Asia-Pacific (Excluding Japan)        33
     Latin America                          3
     Caribbean			            1
     ------------------------------------------