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Asia Pacific Power Plant Services Market
Frost & Sullivan, June 2011, Pages: 124
This research service covers the current state and future potential of the power plant services market in Southeast Asia and Australia and New Zealand (ANZ) regions. It provides an in-depth analysis of maintenance, repair and overhaul (MRO) services market for gas turbines, steam turbines and boilers, and turnkey operation and maintenance (O&M) services market for the power plants. End users covered in the study include utilities and independent power producers. In addition, pricing trends for services contract, service contract analysis, market share analysis and the competitive factors are discussed in detail for each region. The study period is from 2007 to 2017, with base year 2010 and forecast period from 2011 to 2017.
This research service titled Asia Pacific Power Plant Services Market provides a comprehensive insight on the power plant services market. The study covers end users such as utilities and independent power producers. It offers a thorough analysis of the key market drivers and restraints, competitive scenario, customer trends and revenue forecasts for major markets in the Southeast Asia and Australia and New Zealand (ANZ) regions. In this research, Frost & Sullivan's expert analysts thoroughly examine the following service types: gas turbines, steam turbines and boilers.
Advanced Power Generating Technologies Rev up the Market for Power Plant Services
The $795.2-Million Market Expected to Reach $1.43 Billion in 2017 due to Strong Impetus from the Green Trend
The rising profile of green trends all over the world has exerted pressure on power plant owners to build new plants that emit fewer pollutants and adhere strictly to globally-approved standards of emission control. As most of the planned power plants in Southeast Asia and ANZ regions are based on coal-fired technology, there is an urgent call to adopt advanced power generating techniques. These novel solutions not only aid compliance with emission standards but also increase energy efficiency and plant availability rate. “The use of advanced technologies in power generation will provide more opportunities for power plant service providers to offer highly skilled and prompt service to utilities and independent power producers,” says the analyst of this research. “The future of the power generation equipment manufacturers is not just limited to selling high-end technical equipment but include the provision of technologically competent, prompt, timely and cost-effective service.” Regular power plant servicing serves the dual purpose of improving the energy efficiency of the plant as well as deferring significant capital investment in new plant constructions in the short term. Technological advancements in main power plant equipment, an ageing fleet, and plants’ rising concerns about emission all contribute to the need for plant servicing.
While servicing can help postpone the construction of new plants, it is not possible to entirely do away with the need to set up new ones, mainly due to the escalating demand for electricity, which in turn, is a consequence of the population explosion and increasing rate of urbanisation. Despite the market’s huge potential, there are only limited operation and maintenance (O&M) outsourcing opportunities, as these tasks are normally undertaken by the in-house staff of power plants. Power plants continue to view power generation and operation as their core business and seldom outsource these functions to service providers. Most power plant owners in the region perceive long-term service agreements with OEMs as very expensive, incommensurate with the value it offers. Hence, in many cases, power plant owners undertake maintenance and repair services through open tenders, on a transactional basis.
Although power plants are mostly reluctant to relinquish control over O&M, utilities do see some merit in outsourcing power plant servicing to its subsidiary service companies. “The expanding presence of independent power producers (IPPs) in the power market and the mounting pressure on utilities to decrease operating costs are likely to enhance outsourcing opportunities over the next six to seven years,” notes the analyst. “The market is expected to expand once technically advanced power generating equipment gets deployed across greenfield, brownfield and re-powering power plants.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Geographic Region:
- Southeast Asia
- ANZ
By Service Type:
- Gas turbines
- Steam turbines
- Boilers
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