|
|
 |
|
Viewing report
|
|
|
|
Strategic Analysis of the Power Plant Services Market in Russia
Frost & Sullivan, April 2011, Pages: 107
Ageing Electricity Generation Fleet Creates Opportunities for Power Plant Service Providers
Due to low investments in the past, the Russian power generation sector currently presents many opportunities for power services companies. Even though the Russian power plant services market has witnessed a slow down in recent years, the market is recovering and is poised to show continuous growth in the near future. “In spite of the challenges that the Russian power plant services market faces, there are a number of opportunities across the various functional segments of gas turbines, steam turbines and boilers,” notes the analyst of this research. “The market is projected to expand, driven by ageing electricity generation fleet, ongoing liberalisation of the electricity market, together with the rising trend of outsourcing services.”
An ageing electricity generation fleet is the strongest driver stimulating the development of the services market in Russia. It is predicted that the impact of this driver will increase over the next few years due to high investment needs in the power generation sector and privatisation of power generation companies. According to the privatisation requirements, the acquiring company is obliged to upgrade the plant and maintain it well, regardless of its age and present condition. This is motivating the widespread adoption of power plant services.
International Firms to Confront Strongly Entrenched Local Competition
The reluctance to outsource power plant services, together with the strong presence of local service providers and high bureaucracy barriers, make this market challenging for new entrants and foreign incumbents. In particular, the strong presence of local companies with competitive prices is an important challenge for international firms. Due to future market changes and planned power capacity additions, international service providers may gradually increase their position over the long term. Russian power generation companies have a very strong in-house maintenance capability that is common Russia and other post-Soviet countries. This is a very traditional method wherein power generation companies delegate plant servicing responsibility to workers within the organisation because they tend to look at operations and maintenance (O&M) as a part of their core power generation business.
Currently, Russian power generation suffers from a very high level of underinvestment. “However, new capacity additions are leading to modern power plants becoming a bigger part of the energy mix,” concludes the analyst. “This, in turn, is leading to higher service revenues and longer-term contracts for service companies.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following segments in this research:
- Boilers and its auxiliaries
- Steam turbine and generator
- Gas turbine and generator
This Frost & Sullivan research service titled Strategic Analysis of the Power Plant Services Market in Russia provides a detailed analysis of the conventional thermal power plant servicing markets across the three functional segments of gas turbines, steam turbines and boilers. The research focuses on analysing the evolving dynamics, trends, and challenges in the Russian power plant services market and identifies opportunities for the different participants in the value chain. In this research, Frost & Sullivan's expert analysts thoroughly examine the following segments: gas turbine, steam turbine and boiler servicing.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
