- The key vendors in the turbine market in Thailand 2015-2019 are Alstom S.A, Dongfang Electric Corp., General Electric Corp. (GE), Shanghai Electric Ltd., and Siemens AG
London, 24 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the turbine market in Thailand 2015-2019. The populace’s opposition to coal power development is a key trend observed in this market. Recently, it has been noticed that the local pollution control bodies and the inhabitants of Thailand are opposing coal power in the country as it does not use clean-coal technology. This results in the emission of toxins that are detrimental to the health of the inhabitants. To counter this, the government of Thailand is planning to introduce new coal-fired power plants that will implement clean-coal technology and reduce energy imports.
An increase in the number of gas-fired power plants is one of the primary factors that promote growth in this market. The abundance of natural gas in this region has led to the increased establishment of gas-fired power plants in Thailand. Also, the high import cost of oil has resulted in the conversion of oil-fired plants to gas-fired plants. This increase in the number of combined cycle gas turbine (CCGT) gas-fired power plants is expected to bolster the demand for CCGT, gas, and steam turbines.
“The three government-owned companies – PEA, EGAT, and MEA – dominate the electricity sector in Thailand. Though the power companies in the country ensure a quality power supply, the power sector is showing distortions, thus the government has envisaged power sector reform in the country,” says Faisal Ghaus, Vice President of Technavio Research.
“The privatization policy has allowed many private power companies to construct power plants in the country. Before the policy was imposed, EGAT held a monopoly. The government of Thailand decided to privatize the market to increase investments and meet the growing power demand, propelling the turbine market in the country.”
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%…
