Will Gas Turbine OEMs Find Bigger Sales in Smaller Deployments?

SUGAR LAND--February 6, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Wall Street axiom -- "the time to buy is when there's blood in the streets" -- suggests there's a buying opportunity in the current collapse of the gas turbine original equipment manufacturing (OEM) industry. Both General Electric Company (NYSE:GE) (Boston, Massachusetts) and Siemens AG (Munich, Germany) recently slashed staffing at their power segments amid a glut in global production capacity and a dearth of new utility-scale orders. For related information, see December 8, 2017, article - GE Plans to Cut 12,000 Employees in its Power Business. Within this article: Status of the gas turbine original equipment manufacturing (OEM) industry.