Electricity generation: GE Energy
As of 2015, Alstrom accounted for 13 percent of the global electricity generation equipment market share. GE Energy’s revenue made up about 27 percent of the global market share. GE Energy became a separate entity from General Electric in 2013 and manages all its operations between several segments including GE Power, GE Oil & Gas, and GE Renewable Energy. GE Power accumulated some 55.47 billion U.S. dollars in total assets in the 2016 financial year . In particular, GE Power & Water are responsible for power generation products and services.
The volume of electricity generated worldwide has steadily increased over the last decade from 18,367 terawatt hours in 2005 to 23,903 terawatt hours in 2014. Coal, peat, and oil shale accounted for 40.8 percent of electricity generated globally in 2014. However, the share of renewables used to produce electricity is increasing. In 2015, a total capacity of 434.86 gigawatts derived from wind power had been installed around the world. GE Energy is one of the world’s leading wind turbine manufacturers and had 9.5 percent of the global market share in 2015. GE Energy manufactures and sells wind turbines in the global market.