Table of Contents
Global Power Plant Services Markets : Fossil-Fired Power Plants Maintenance Provides Counterbalance to Downturn in New-Build Business
Power plant services represent a growing market that offers steady revenue and solid growth, in contrast with the more cyclical market for new-build power plants. While the market in 2014 declined in Europe, much of the rest of the world—in particular emerging markets—recorded solid growth. The balance of power is shifting away from the developed regions as continued large-scale investments in coal and gas asset and an expanding middle class support growth in emerging markets. Increasingly, liberalisation of their power and gas markets will allow for a much greater penetration of modern gas-fired plants, which attract higher outsourced maintenance spend. Services for gas turbines will grow significantly faster than other equipment.
Key Questions This Study Will Answer
- Is the market growing? How long will it continue to grow, and at what rate?
- Which regions will show the highest growth potential going forward?
- How deeply have macroeconomic developments affected the services market?
- Where will there be the most rapid shift towards more gas-fired generation?
- What will be the growth rates of gas turbine services and steam turbine services around the world?
- Will China overtake North America as the world’s largest power plant services market?
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