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ANZ Gas Turbines Market
Frost & Sullivan, Dec 2009, Pages: 70
This research service analyzes the market drivers, restraints, industry challenges, key market trends, revenue distribution, competitive structure, market share analysis and end-user analysis for the gas turbine markets in Australia, New Zealand and Pacific Islands. End-users include utilities, industries and oil and gas segment. The economic impact of the global financial crisis in 2009 on the ANZ energy and power markets has been discussed briefly.
This Frost & Sullivan research service titled ANZ Gas Turbines Market provides revenue forecast, market dynamics, and market trends, among others, for the Australia and New Zealand (ANZ) region. In this research, Frost & Sullivan's expert analysts thoroughly examine the following applications: utility, industrial, and oil and gas.
Market Overview
Gas Turbines Market Comes a Full Circle and is Poised to Return to Form
The gas turbine market nosedived in 2009 from its high of 2007-2008 due to a drastic drop in new gas or steam turbines contracts from ANZ. The global economic slowdown cautioned power project developers against making huge investments in turbines, especially due to the lack of financing options. Therefore, power generation expansion programs took a backseat in 2009. However, all this is changing with the economy on the mend and rising environmental consciousness triggering legislation. Governments in Australia and New Zealand have been actively promoting emission reduction and the use of greener technologies. Highly efficient gas turbines, complemented with emissions reduction technologies, are alternatives to the environmentally hazardous coal power plants. Interestingly, the market is also expected to acquire business from the several proposed coal-fired power plants in Australia, as they are expected to use integrated gasification combined cycle (IGCC), coal gasification and storage (CCS), or a combination of the two technologies. This will ensure steady demand for combined cycle gas turbine (CCGT) and open cycle gas turbines (OCGT), most often used for peaking power and wind balancing. “Moreover, the drive toward energy efficiency ensures the usage of the latest, more expensive technologies for new build projects, thus boosting the total market revenues,” says the analyst of this research.
Considering Australia and New Zealand are two of the most advanced power markets in the Asia Pacific, technology providers should offer the latest, most efficient technologies, and lowest emissions output solutions to compete for new projects in these countries. Moreover, with service becoming a vital component in the power solution package, potential suppliers have to provide enough flexibility to answer end users’ needs - be it a turnkey contract for power plant construction or a full power plant availability service contract. To achieve this level of competence, original equipment manufacturers (OEMs) should have adequate coverage of the region, both in terms of engineers' availability and spare parts delivery.
The future of the gas turbines markets in the ANZ region seems promising in the next five years, with new contracts predominately expected from Australia. On the other hand, the New Zealand market will feel the pinch of the non-availability of gas resources and gas infrastructure in Pacific Islands, low grid electricity prices applied to industrial end-users, and volatility of gas prices. While peaking gas-fired stations can be installed along with the large wind power projects, the rising demand for the rest of technologies will hinder the gas turbines market. The business from the oil and gas segment is expected to remain constant as a few planned oil and gas and liquefied natural gas (LNG) projects will be set in motion soon. “Overall, the growth potential for the utilities and industrial power segment will depend on the level of adoption of the other power generation sources including coal, renewables, hydro, and geothermal,” notes the analyst.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Product Range:
- 1 MW-15 MW
- 15 MW-60 MW
- 60 MW-180 MW
- 180 MW +
By Application:
- Utility
- Industrial
- Oil and gas
By Geographic Region:
- Australia
- New Zealand
- Pacific Islands
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