Pauschert, Dirk2014-03-312014-03-312009-12https://hdl.handle.net/10986/17531Global economic growth, particularly from 2004 to 20071, has fueled an expansion in the construction of industrial, power plant, and manufacturing facilities in the United States and a dramatic escalation in the construction of these types of heavy construction projects overseas. In addition, the increase in demand for oil by rapidly growing countries such as China and India and the falling value of the dollar has resulted in an unprecedented rise in the price of oil. This has significantly accelerated oil exploration and resulted in capacity-expansion projects at existing oil refineries. The combination of power plant, infrastructure, and oil-related projects has resulted in significant growth in demand for boilers, rotating equipment, piping, structural steel, concrete, electrical components, and electric wiring. In light of this finding, this study compared the cost of power plants without market demand to the actual costs incurred in constructing power plants. The results indicate that owners are purchasing plants in a sellers' market, where unprecedented demand has resulted in market price premiums in the range of 15 percentage points above material, equipment, and labor escalation.en-USCC BY 3.0 IGOACCESS ROADSALUMINUM PRICESAPPROACHAVAILABILITYAVERAGE PRICEBALANCEBIDDINGBOILERBOILER MANUFACTURERSBOILER TECHNOLOGYBOILER WORKSBOILERSBRANDBRAND EQUITYBUILDING MATERIALSBUYERSCAPABILITYCAPACITY FACTORCARBONCATALYTIC REDUCTIONCEMENTCLEAN COALCLEAN COAL TECHNOLOGYCOALCOAL POWER PLANTSCOAL PRODUCECOMBUSTIONCOMBUSTION ENGINEERINGCOMBUSTION TURBINECOMBUSTION TURBINE UNITSCOMBUSTION TURBINESCOMMERCECOMMODITIESCOMMODITYCOMMODITY PRICESCOMPETITIVE ADVANTAGECONSTRUCTION MATERIALSCONSUMER GOODSCOPPER PRICECOPYRIGHTCOST INCREASECOST INCREASESCOST OF GASCRUDE OILCUSTOMSCYCLE GASCYCLE PLANTCYCLE SYSTEMDEMAND FOR POWERDIESELDIESEL ENGINEDIESEL GENERATORDISTRIBUTION SYSTEMSDOMESTIC MARKETDOMESTIC SUPPLYELECTRIC GENERATORSELECTRICAL POWERELECTRICAL POWER SECTORELECTRICAL PRODUCTIONELECTRICITYELECTRICITY DISTRIBUTIONELECTRIFICATIONELECTROSTATIC PRECIPITATOREMISSIONEMISSION CONTROLEMISSION CONTROL SYSTEMSEMISSIONSENERGY GENERATIONENERGY PRODUCTIONEQUIPMENTESPEXPENDITURESEXPORT MARKETEXTERNAL MARKETFLUE GASFLUE GAS DESULFURIZATIONFOSSILFOSSIL PLANTSFUELFUEL GASFUEL PRICESGASGAS TURBINEGAS TURBINESGENERATIONGLOBAL ECONOMYGLOBAL MARKETGLOBAL MARKETPLACEGRID ELECTRIFICATIONGROSS DOMESTIC PRODUCTHEATHEAT EXCHANGERSHEAT RATEHEAT RECOVERYHOUSING MARKETINFLATIONINJECTION SYSTEMSINNOVATIONINSTALLATIONSINTERMEDIATE PRODUCTSINTERNATIONAL MARKETINTERNATIONAL STANDARDINTERNATIONAL STANDARDSJOINT VENTUREJOINT VENTURESKILOWATT-HOURMANUFACTURINGMARKET CONDITIONSMARKET DEMANDMARKET ENTRYMARKET PRICEMARKET PRICESMARKET PROJECTIONSMARKET SHAREMARKET TRENDSMARKETPLACEMONOPOLYNATURAL GASNET OILNITROGENNITROGEN OXIDESNUCLEAR POWERNUCLEAR POWER PLANTSOILOIL COMPANIESOIL DEMANDOIL EXPLORATIONOIL REFINERIESOIL SUPPLYONSHORE WINDPEAK MEGAWATTPETROLEUMPLANT OUTPUTPOWERPOWER CURVEPOWER GRIDPOWER LAWPOWER PLANTPOWER PLANT CONSTRUCTIONPOWER PLANT OWNERSPOWER PLANTSPOWER SECTORPOWER SECTORSPRICE FLUCTUATIONSPRICE INCREASESPRICE INDEXPRICE INDEXESPRICE LEVELPRICE OF OILPRICE OF POWERPRICE TRENDSPRICING STRATEGYPRODUCER PRICEPRODUCER PRICE INDICESPRODUCTIVITYPURCHASINGR&DRAW MATERIALRAW MATERIALSRAW WATERREAGENT HANDLINGREFINED PETROLEUM PRODUCTSRESULTRESULTSSALESSITESSOLAR THERMALSPREADSTEAM CONDITIONSSTEAM PLANTSTEAM TURBINESTEAM TURBINESSUBCRITICAL PCSUBCRITICAL PLANTSSUBCRITICAL UNITSSULFURSULFUR DIOXIDESUPPLIERSUPPLIERSSURPLUSTAX CREDITTECHNOLOGY DEVELOPMENTTIME PERIODTIME PERIODSTRANSACTIONTURBINE GENERATORTURBINE GENERATORSWINDWIND FARMWIND FARMSWIND PROJECTSWIND TURBINEWIND TURBINESWORLD MARKET10.1596/17531