Table of Contents
The current study focuses on the power supply systems for the oil and gas industry and potential market opportunities and challenges in Asia-Pacific. The key questions to be addressed in the study are, how is the power systems industry positioned in the oil and gas value chain? Are the products offered today meeting customer needs, or is additional development needed? How will new developments in the form of increased projects establish a ground for future acquisitions/strategic alliances by the large industry participants? How are the competitive forces shaping the market attractiveness?
The market is projected to ride high on a double digit growth in year 2013–2014 and
2014–2015 at x% and x% respectively and then to exhibit sudden contraction in 2016 at minus x%.
Australia, Malaysia, Singapore, and Vietnam are attractive markets in terms of new
upcoming projects across all the three segments namely stream, midstream, and
downstream. Australia, being the most lucrative market, is expected to set up operations
for carrying out projects irrespective of the high cost.
Conventional oil and gas companies do not prefer modular systems as they are not
reliable when compared to the complete life cycle of the power systems in the range of
The oil and gas power supply market does not offer much scope for product or
technological innovation, specially in upstream, where customers do not like variations or
Significant growth is anticipated due to the expansion plans of end users in this region
and substantial increase in business scale, in line with the growth in the economies.
Major competitive forces, including the bargaining power of buyers and the demand for
safe, secure and intelligent solutions, are expected to shape the competitive landscape
during the forecast period.
Increased significance of efficiency, safety and control parameters in the offshore fields
and platforms will lead to an uptrend in pricing of power systems, with least weightage
being given to cost by the customers and end users.
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