- The key vendors in the Power Plant Services Market in the APAC Region 2015-2019 are Alstom SA, GE Co., Mitsubishi Heavy Industries Inc., Siemens AG and TNB Remaco.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Power Plant Services Market in the APAC Region 2015-2019. Increased investment by original equipment manufacturers is a key trend being witnessed in this market. OEMs sign contracts with power plants that operate for a period of two to five years. This helps the OEMs retain their market share for a specific period of time. The overall market is expected to grow at a CAGR of 10 percent during the forecast period of 2014-2019.
OEMs are the major service providers in the Power Plant Services market in the APAC region. The large market share of OEMs is attributed to the warranty they offer to independent power producers and power utilities during and after the service of the equipment. OEMs provide end-to-end solutions for power plants that include repair and replacement, certification, and quality testing.
“Considering the rapid changes in market dynamics, newer technologies will be adopted by market vendors in the coming years,” says Faisal Ghaus, Vice President of TechNavio Research.
“Regularization of power plant services will increase the dependence of power plants on these services to ensure superior analysis and enhanced productivity.”
To define the market conditions 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%…
