FLOWCASTINGS OFFERS UNRIVALED SPEED FROM CONCEPT TO METAL FOR ENVIRONMENTALLY FRIENDLY, LOWER-EMISSION GAS TURBINES AND AIRCRAFT ENGINES
We are addressing a $3.5bn global market for aero engine and industrial gas turbine castings. Our clients include several blue chip companies – leaders in their respective markets. We develop Single Crystal and Directionally Solidified airfoils significantly faster than every conventional investment casting house, thanks to our unmatched and fast ceramics and wax technology. We share cores and waxes for external casting applications, too.
The commercial aircraft turbine engine market has shown recent exponential growth, which is poised to continue well into the future. A recent study by Technavio revealed that the market will continue to expand through 2020, with an estimated Compound Annual Growth Rate (CAGR) of 5.85% over that period.
The projected increase in the market is based mostly on the expected continued rise of new aircraft needed as fleets replace older models and grow their existing fleets. New designs offer advantages over older models, helping airlines increase passenger capacity and decrease fuel usage, factors that drive forward buying. Strict regulations concerning noise and carbon dioxide emissions are key driving factors for growth. Flowcastings digitized front end castings technology enables aircraft and helicopter engine producers to develop new products that meet and exceed the regulatory targets, quicker!
OIL & GAS
Oil & Gas turbines are driving compressors and pumps in many countries around the world. They are installed across a variety of upstream and midstream operations in the industry, for instance, in pipeline compressor stations or on offshore oil production units. The market is demanding a continuous efficiency and emission improvement, regardless if the units are operating in a well developed landscape or in a harsh sea or desert environment.
Part of a successful continuous efficiency improvement is the fast ability to develop customized turbine products, so called variants, as Flowcastings is enabling it through its digitized front end casting technologies. The Flowcastings technology is the enabler to convert 'Industry 4.0' turbine field feedback into next generation turbine airfoil designs.
The Industrial Gas Turbine Market will exceed $18bn by 2024, as reported in the latest study by Global Market Insights, Inc.
Increasing industrialization, coupled with rising demand for safe and reliable on-site electricity, is driving the growth of the global industrial gas turbine market. The trend to replace coal-fired power with intermittent renewables is further increasing gas turbine demand because gas-fired generation is the most reliable form of ‘dispatchable’ power to smooth renewables’ intermittency. And Flowcastings’ digitized front end technologies are fundamental to the speedy development and launch of next generation lower emission turbine generators..