Many countries in the APAC region are highly dependent on thermal power plants for their base electricity demand due to the abundance of coal reserve in this region. Thermal power plant is popular in this region with high availability of coal. Service and maintenance for thermal power plants is highly capital intensive as it requires highly skilled workforce, technical know-how, and related support infrastructure. Various types of service include MRO, O&M, and testing. Testing can be categorized into the following: periodic inspection and testing, regular maintenance, preventive maintenance, repair and replacement of plant components, and certification and quality testing.
Analysts forecast the Power Plant Service market in the APAC region to grow at a CAGR of 10 percent over the period 2014-2019.
The report covers the present scenario and the growth prospects of the Power Plant Service market in the APAC region for the period 2015-2019. The Power Plant Service market in the APAC region is segmented based on the following criteria: service providers and type of service.
Power Plant Service Market in APAC Region 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.
- Mitsubishi Heavy Industries
- TNB Remaco
Other Prominent Vendors
- Gujarat Industries Power
- S.R. Turbo Energy
- Transfield Services
- Vasavi Power Service
- Aging Power Infrastructure
- Low Rate of Replacement of Power Plant Equipment
- Increased Investment by OEMs
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Offshore oil and gas production refers to the oil and gas extraction process that takes place mostly in the seabed and oceans. Oil and gas are extracted from the wells and transferred through ships and pipelines to refineries. With the increased depletion of onshore oil and gas resources, offshore resources experienced a greater demand in the supply of oil and gas.
Pressure pumping services increase access to the proven reserves, improve the asset value, ROI, and reservoir yield and integrity. They are generally used in maturing reservoirs or places where oil extraction conditions are challenging. The ever-increasing demand for oil and gas has led to a shift toward EOR. This has led to increased activities in unconventional gas plays, which utilize advanced techniques to enhance the reservoir recovery. Hence, pressure pumping has been gaining traction in the market due to increased process complexity of oil and gas exploration.