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Tuesday, March 13, 2012

Thermal power maintenance market expands

Tuesday, 13 Mar 2012

The Saudi Gazette reported that rising electricity demand and new installations in Asia Pacific and Middle East markets stimulate thermal power maintenance market to 2020.

GBI Research, a leading business intelligence provider, said in its study that the global maintenance services market generated revenue of USD 15,552.5 million in 2011, 2.3% growth from the 2008 revenue of USD 14,623.1 million.

The coal fired power plant segment contributed the majority share of 62% to the total thermal power maintenance market with revenue from this segment amounting to USD 9,666.8 million in 2011. The gas fired power plants segment contributed a share of 32% in 2011 with revenue contribution of USD 5,017.3 million.

The oil plants segment contributed the remaining share of 6 percent with a total revenue contribution of USD 868.1 million in 2011. The maintenance services market is largely driven by electricity demand and the aging power infrastructure leading to increased demand for maintenance services.

Source - Saudi Gazette

1 comment:

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