Research and Markets: Asia Pacific Power Plant Services Market - Market Expected to reach $1.43 Billion due to Strong Impetus from the Green Trend

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/fade84/asia_pacific_power) has announced the addition of Frost & Sullivan's new report "Asia Pacific Power Plant Services Market" to their offering.

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.

Key Topics Covered:

1. Executive Summary 2. Market Overview 3. External Challenges: Drivers and Restraints-Southeast Asia Power Plant Services Market 4. External Challenges: Drivers and Restraints -Australia and New Zealand (ANZ) Power Plant Services Market

5. The Last Word

6. Appendix

For more information visit http://www.researchandmarkets.com/research/fade84/asia_pacific_power