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Gas Turbine Markets in Sub-Saharan Africa
Frost & Sullivan, June 2009, Pages: 76
The gas turbine market in Sub Saharan Africa poised for high growth in the medium to long term. The region is executing significant projects to increase its additional electricity generation capacity so as to meet the rising demand. Sub Saharan Africa is expected to add at least 189 units, giving rise to at least 12,000MW by 2014.
This Frost & Sullivan research service titled Gas Turbine Markets in Sub-Saharan Africa provides a strategic analysis of the gas turbines markets in sub-Saharan Africa. In this research, Frost & Sullivan's expert analysts thoroughly examine the current state of the market, its competitive landscape, future opportunities, revenues and unit sales growth. Application areas covered in this research are oil and gas, utilities and industrial power. The following regional markets include East Africa, West Africa, South Africa and Central Africa.
Market Overview
Power Crisis Opens Growth Opportunities for the Gas Turbine Market in Sub-Saharan Africa
Gas turbine technology is the answer to Africa’s current power crisis triggered by its deficient power generation capacity. Most power project developers have shifted their focus towards gas turbine-powered power solutions. The technology offers a rapid solution and can easily operate on more than one type of fuel. 'Africa is endowed with substantial gas resources for electricity generation, significantly driving growth in this market,' says the analyst of this research. 'For instance, Nigeria has approximately 186 trillion cubic feet (TCF) of gas resources - enough to power the whole of West Africa for the next twenty years and more gas resources can be found across the region in countries such as Angola, Nigeria, Gabon, and the Ivory Coast.'
The African governments have embarked on a number of noteworthy initiatives to build a reliable power sector using available resources such as gas, water and coal. Gas is emerging as the preferred option due to its quick turnaround time, high efficiency, and the general reliability of the technology. A sizeable amount of financial resources, both from government coffers as well as development finance institutions (DFIs), have been channelled towards the development of gas power projects.
OEMs to Collaborate with Gas Turbine Customers to Provide Affordable Service Support
The availability of competing resources such as water and coal present a serious challenge to the growth of the gas turbines market. Hydropower is generally perceived as a low-cost power production method and utilities are likely to continue focusing on developing this resource. 'The high operational cost of gas technology is significantly hampering the potential growth of this market,' notes the analyst. 'The cost is mainly driven by the volatile price of natural gas and the requirement for frequent major maintenance.'
Original equipment manufacturers (OEMs) should partner with gas turbine customers to provide affordable parts and service support through long-term contracts. OEMs’ service centres should be locally based to facilitate swift response to customer requirements, thereby reducing plant downtime. 'Perceptive OEMs will establish localised service centres to provide quick response to customers’ service and spare-parts requirements,' concludes the analyst.
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