London, 20 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the turbine market in South Africa 2015-2019, which is expected to grow at a CAGR of 4.3% during the forecast period of 2014-2019.
Turbine installations in South Africa reached 43,786.4 MW by the end of 2014, largely driven by coal-fired installations due to the availability of coal resources and the efficiency of steam turbines. It is expected that turbine installations will reach 54,161.4 MW by the end of 2019, based on the status of upcoming thermal power projects.
“Given the vast availability of coal resources, the country had installed huge coal-fired power plants with a capacity of more than 3 GW,” says Faisal Ghaus, Vice President of Technavio.
“The availability of coal prompts the installation of more power plants in the country, which in turn drives the market for steam turbines.”
Key Market Drivers
- Potential for coal resources
- Independent power producers participation
- Integrated resource plan drives steam and CCGT installations
- Adoption of supercritical and ultra-supercritical technology
Key Market Trends
- Implementation of carbon tax
- ESKOM’s monopoly in the power sector
- Technological advantage of clean coal technology over renewable
Key Market Vendors
- Alstom
- General Electric
- Hitachi
- Siemens AG
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
