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European Power Plant Services Market

  • September 2014
  • -
  • Frost & Sullivan

Growth in Fossil-fired Generation to Translate into Improved Growth in the Power Plant Services Market

The power generation market in Europe has witnessed a challenging period over the past 3 years following the global financial crisis. It continues to face a very stagnant and difficult period. Power producers are still running their coal-fired plants rather than immediately investing in gas-fired generation. Therefore, the European power plant services market for steam turbine registered a higher growth rate as compared to gas turbine equipment services in 2013. While the market growth is expected to remain weak, electricity demand from both mature and emerging European economies and decommissioning of old conventional thermal power plants and nuclear power facilities are some of the key factors driving the power plant services market.

Key Findings
-Companies struggling to grow in this market need to innovate with new strategies. Overall growth in the European power plant services market will remain weak, growing at a compound annual growth rate (CAGR) of 2.1%. Growth will be limited for the remainder of the decade.
-The market will primarily be driven by refurbishment and service need from ageing plants.
-OEMs are desperate for business and will need to invest in new technologies such as improving operational flexibility, remote condition monitoring, and reverse engineering, to stay profitable.
-Demand in Europe will come primarily from Germany, the United Kingdom, Turkey, and eastern Europe.
-Service providers are restructuring their business through industry consolidations to invest in emerging markets and drive revenue growth.
-The power generation market in Europe has witnessed a challenging period over the past 3 years following the global financial crisis, and it continues to face a stagnant and difficult period. During 2013, the European economy registered gradual signs of recovery in Germany, the United Kingdom, and France. Austerity measures proved beneficial and the region is gradually looking more optimistic to future growth.
-The European power plant services market revenue increased by about 1.8% in 2013, compared to the previous year. The total revenue is estimated to reach €4.14 billion in 2020, growing at a CAGR of 2.1%. The market is expected to follow a positive growth curve through the forecast period.
-As a result of the recent shale revolution in the United States and the necessity to curb green house gas emissions, there was an increasing trend towards more gas-fired generation. However, there is uncertainty over its actual reserves and quantity that can be recovered.
-A lot of investments during the 2000s was because of the adoption of combined cycle technology and a relatively low gas price as compared to coal. However, gas prices have been increasing recently and this has impacted investment decisions by financers in the power sector.

Table Of Contents

European Power Plant Services Market
European Power Plant Services Market
1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Market Engineering Measurements
CEO's Perspective

2. MARKET OVERVIEW

Market Overview
Market Definitions
Equipment and End User Segmentation
Geographic Segmentation
Key Questions This Study Will Answer

3. DRIVERS AND RESTRAINTS—TOTAL POWER PLANT SERVICES MARKET

Drivers and Restraints—Total Power Plant Services Market
Drivers and Restraints
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

4. FORECASTS AND TRENDS—TOTAL POWER PLANT SERVICES MARKET

Forecasts and Trends—Total Power Plant Services Market
Market Engineering Measurements
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Demand Trends—Utilisation and Flexibility
Technology Trends—Remote Condition Monitoring
Technology Trends—Reverse Engineering
Pricing Trends—Long Term Service Agreements (LTSAs)
Pricing Analysis—Attractive Outsourced Services Market
Revenue Forecast by Region
Regional Hotspots
Revenue Forecast by Region Discussion
Revenue Forecast by End User
Revenue Forecast by End User Discussion
Per Cent Revenue Forecast by Equipment
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion
Steam Turbine Services Market—Revenue Forecast
Steam Turbine Services Market—Revenue Forecast Discussion
Steam Turbine Services Market—Revenue Forecast by Region
Steam Turbine Services Market—Revenue Forecast by Region Discussion
Gas Turbine Services Market—Revenue Forecast
Gas Turbine Services Market—Revenue Forecast Discussion
Gas Turbine Services Market—Revenue Forecast by Region
Gas Turbine Services Market—Revenue Forecast by Region Discussion
HRSGs and Boilers Services Market—Revenue Forecast
HRSGs and Boilers Services Market—Revenue Forecast Discussion
HRSGs and Boilers Services Market—Revenue Forecast by Region
HRSGs and Boilers Services Market—Revenue Forecast by Region Discussion

5. MARKET SHARE AND COMPETITIVE ANALYSIS—TOTAL POWER PLANT SERVICES MARKET

Market Share and Competitive Analysis—Total Power Plant Services Market
Market Share
Market Share Analysis
Competitive Environment
Top Competitors
Competitor Growth Analysis
Utilities Attractiveness Analysis
Strategic Analysis—Five Forces Model

6. CEO'S 360 DEGREE PERSPECTIVE ON THE SOLAR POWER INDUSTRY

CEO's 360 Degree Perspective on the Solar Power Industry
CEO's 360 Degree Perspective

7. EUROPE ANALYSIS

Europe Analysis

8. GERMANY ANALYSIS

Germany Analysis
Germany Key Findings
Drivers and Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion

9. THE UNITED KINGDOM ANALYSIS

The United Kingdom Analysis
The United Kingdom Key Findings
Drivers and Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion

10. ITALY ANALYSIS

Italy Analysis
Italy Key Findings
Drivers and Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion

11. SPAIN ANALYSIS

Spain Analysis
Spain Key Findings
Drivers and Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion

12. BENELUX ANALYSIS

Benelux Analysis
Benelux Key Findings
Drivers and Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion

13. FRANCE ANALYSIS

France Analysis
France Key Findings
Drivers and Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion

14. TURKEY ANALYSIS

Turkey Analysis
Turkey Key Findings
Drivers and Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion

15. POLAND ANALYSIS

Poland Analysis
Poland Key Findings
Drivers and Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion

16. THE CZECH REPUBLIC ANALYSIS

The Czech Republic Analysis
The Czech Republic Key Findings
Drivers and Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion

17. ROMANIA ANALYSIS

Romania Analysis
Romania Key Findings
Drivers and Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast by Equipment Discussion

18. THE LAST WORD

The Last Word
The Last Word—3 Big Predictions
Legal Disclaimer

19. APPENDIX

Appendix
Market Engineering Methodology
Table of Acronyms Used
Learn More—Next Steps

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