Thermal Power Capacity
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
2010 Commonwealth Games ~ 2010 Nobel Prizes ~ Sachin Tendulkar ~ Rajasthan Royals ~ Kings XI Punjab ~ Sushil Kumar ~ Deepika Kumari ~ Somdev Devvarman ~ HR Bhardwaj
Home / India News / 2007 / March / March 22, 2007
Thermal Power Capacity Additions Expand Opportunities in the Australia and New Zealand (ANZ) Power Plant Services Markets

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Manmohan Singh to campaign in Bihar today

FBI failed to act on Headley's wife's terror link expose 3 yrs before Mumbai attacks

Craven's horror flicks 'were inspired by real stories'

RBI will intervene if inflows turn lumpy: Subbarao

Enforcement Directorate issues 'Look Out Circular' against Lalit Modi

Now, laser technology that destroys tumours using heat

Waist size, not BMI can foretell cardiovascular risk in children

Thermal Power Capacity Additions Expand Opportunities in the Australia and New Zealand (ANZ) Power Plant Services Markets

Mumbai, Maharashtra, India

The Australia and New Zealand (ANZ) power plant services market is likely to expected to see robust growth in the coming years. This will largely be due to increasing power generation additions from both state-owned utilities and independent power producers (IPPs). The advent of combined cycle gas turbine power plants and the outsourcing philosophy of IPPs will both render new opportunities, as will the privatization and corporatization initiatives of Australian state-owned utilities.

However, on a wider scale, it is the installed base of existing thermal power plants in the region that is likely to help sustain the local service companies as well as new emerging market participants.

New analysis from Frost & Sullivan (www.powergeneration.frost.com), ANZ Power Plant Services Markets, reveals that revenues in this market totaled $398.2 million in 2006, and is likely to reach $540.1 million in 2013.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the ANZ Power Plant Services Markets, then send an e-mail to Ravinder Kaur, Corporate Communications, at ravinder.kaur@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.

"The rapid increase in the number of gas turbine installations is likely to fuel the growth of the ANZ power plant services market in the medium to long term of the forecast period," notes Frost & Sullivan Research Analyst Bharath Srinivasan S. "Going forward, the population for gas turbine services is likely to increase, especially from construction of combined cycle gas turbine (CCGT) plants."

The growth in gas-based power generation capacity can, in principle, be attributed to factors such as faster construction periods, less emission characteristics, as well as ample availability of natural gas fuel. With the installation of these new generation plants, there is likely to be an increasing reliance on the OEMs for providing spares and maintenance services. Lack of independent companies to provide services for combustion turbines also adds to a promising future for contractual services to these gas-fired power stations.

Furthermore, Australian IPPs generally trust in long-term service contracts for gas turbines, where key cost risks such as fuel and turbine maintenance are mitigated through long-term hedging and supply arrangements. Such contracts for gas turbines provide visibility and stability of earnings and cash generation over the long term. On the other hand, routine maintenance on steam turbines is generally undertaken by OEMs or internally by utilities and boiler maintenance is largely handled in-house.

With respect to the challenges facing market participants, there has been a gradual decline in the availability of skilled manpower for power plant services. This paucity of technically sound and specialty skilled personnel is causing huge pressure and service quality concers for the service providers.

"Manpower issues are likely to become more pronounced with the retirement of current employees as there is little knowledge about the assembly or repair procedures of old technology equipment, even with the utilities," says Srinivasan. "Even the OEMs have very few personnel with hands-on service experience and companies are also known to actively hire skilled personnel from their competitors during times of need."

With the obvious uncertainty in the availability of skilled manpower, multinational OEMs and non-OEM companies would augur well if they collaborate alongside and work with the local service and manpower supply companies in ANZ. Besides, power plant service providers need to be willing to offer flexible and competitive contracting procedures in order to regain market confidence.

ANZ Power Plant Services Markets is part of the Power Generation Subscription, which also includes research services in the following markets: power plant services market in China, ANZ renewable energy markets, and ANZ generator sets market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership service, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.

ANZ Power Plant Services Markets
4E26-14

Ravinder Kaur, Corporate Communications - South Asia & Middle East, Frost & Sullivan, +91 (044) 4204 4515 ravinder.kaur@frost.com

Donna Jeremiah, Corporate Communications - Asia Pacific, Frost & Sullivan, +603 6304 5832 djeremiah@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

India News / Press Releases on March 22, 2007

Radhika Shapoorjee Moves to IPAN
Business Wire India

Thermal Power Capacity Additions Expand Opportunities in the Australia and New Zealand (ANZ) Power Plant Services Markets
Business Wire India

Metro Ethernet's Suitability for Bandwidth-Intensive Applications, Bolsters its Adoption in North America
Business Wire India

Major Medical Device Manufacturers See Treatment of Peripheral Vascular Diseases as Major Revenue Growth Generator
Business Wire India

Wipro BPO Sweeps IQPC's 2007 Global Excellence Awards
Business Wire India

INC Research Launches Operations in India
Business Wire India

Also see International News / Press Releases on March 22, 2007

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us