Predicting How The $53.5 Trillion World GDP Will Be Spent In 2006
In 2006 the world’s gross domestic product (GDP) will increase by $1.5 trillion to reach $53.5 trillion. The population of the world will increase by 79 million to reach 6.6 billion people. This increase in purchasing power and increase in the number of purchasers are the primary drivers impacting the world markets for products and services.
Secondary drivers such as the migration of rural Asians to cities also have major impacts on the markets. It is this factor and not the upcoming Olympics which will result in 77 million additional Chinese being connected to new secondary sewage treatment plants. These plants will purify three billion gallons of wastewater per day.
To provide electricity for these new city dwellers, China will complete 30,000 MW of new coal-fired power plants in 2006 at a cost of $27 billion. To build the dwellings to house them, China will produce 44 percent of the world’s cement and 24 percent of the world’s steel.
The primary drivers result in secondary drivers which in turn result in a series of lower level drivers which ultimately can be identified as those which will shape the market for any product or service. This connectivity can be used to predict the markets for any product or service in any industry in any country. An online service using these tools has just been made available by the McIlvaine Company.
“World Markets for Your Products” provides detailed analysis and a system to determine key revenue factors. A program allows the user to insert revenue factors and display market forecasts for each of 80 countries and subregions of the world. A companion program “U.S. Market for Your Products” allows the user to generate forecasts for each of the 50 states or for 9 major regions within the U.S.
Thousands of pages of analysis are included in the system. But the system is organized so that the user can quickly determine the location of the relevant information and extract the relevant revenue factors. For many products the connectivity is the production or capital investment of the product purchasers. Semiconductor plants around-the-world have the same needs for services, materials and equipment. Therefore, the number of chips produced and the incremental increase in chip production in a country become the basic tools for determining revenue factors.
Some markets are related to environmental or safety regulations and not to production. The program provides specific factors for some of these markets and for the rest there are surrogate product revenues. For example, pump revenue forecasts can be used as the basis for determining seal, piping or iron casting revenues.
Detailed analysis is not only provided for traditional industries such as power, chemical, pharmaceutical, and steel but also for emerging industries. These include biotechnology, flat panel displays, LNG, ethanol, and nanotechnology.
The rapidity with which thousands of specific product forecasts can be generated allows the service to be offered for as little as 30 minutes access as well as for the full year.
For more information on “World Markets for Your Products” click on: http://www.mcilvainecompany.com/worldindbrochure/worldindcharts/worldindbrochure.htm .
Bob McIlvaine
847-784-0012
rmcilvaine@mcilvainecompany.com