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Additional Stress on Aging Power Infrastructure Necessitates T&D Maintenance Services in Asia Pacific Finds Frost & Sullivan - Industrial customers' desire for power reliability increases frequency of maintenance - Energy.Frost.com
Additional Stress on Aging Power Infrastructure Necessitates T&D Maintenance Services in Asia Pacific Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Singapore, Singapore, 2012/12/18 - Industrial customers' desire for power reliability increases frequency of maintenance - Energy.Frost.com.

   
 
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In a bid to achieve 100 percent electrification, countries such as Indonesia, Thailand, and the Philippines are implementing new power developmental plans. The addition of power to existing grids stresses the already aging infrastructure, boosting the Asia Pacific market for transmission and distribution (T&D) maintenance services.

New analysis from Frost & Sullivan (energy.frost.com), Analysis of the Market for T&D Maintenance Services in Asia-Pacific, finds that the market earned revenues of $686.6 million in 2011 and estimates this to reach $823.8 million in 2016.

Renewable power projects are gaining importance in the Asia-Pacific region, especially in Japan, Thailand, Malaysia, Singapore, and Australia.

"As the power grids in these countries have already reached their maximum power transfer limit, they have to either undergo retrofit activities or get an entirely new transmission network," said Frost & Sullivan Research Analyst Avanthika Satheesh P. "This augurs well for the maintenance market, as the new equipment generates service revenue after five years from the year of installation."

The T&D maintenance service market's revenue is primarily obtained from servicing high-voltage equipment that equipment owners or managers outsource to original equipment manufacturers (OEMs) and engineering procurement and construction (EPCs). Meanwhile, in the medium-voltage segment, the in-house maintenance team of utilities and industries is responsible for the equipment.

Most of the demand for T&D maintenance service comes from power utilities, industries, and independent power producers (IPPs). OEMs' expertise in maintaining technically advanced equipment also helps them win business from lucrative end-user segments such as gas-insulated substations.

The market gains considerably from industrial customers' concern about T&D losses due to poor equipment maintenance and the unreliability of power input. Industries in Southeast Asia – especially oil and gas, mining, chemical, iron and steel – are ensuring periodic power equipment maintenance to ensure high productivity.

However, despite the need for maintenance service, the lack of skilled labor and the channeling of funds to new power projects, away from maintenance projects, are pegging the market back. Further, carbon tax norms in Australia caused several industries to shut down in 2011, which reduced the revenue obtained from the industrial sector.

The utilities are known to ignore preventive maintenance operations and seek the services of OEMs only at the time of equipment shut down or overhaul. OEMs are taking proactive steps to educate utilities and industries about the significance of maintenance operation in extending the life of the equipment as well as reducing the losses. This has helped them obtain several maintenance contracts from utilities.

"In most cases, OEMs are unaware of the sites where their equipment is installed," noted Satheesh. "Identifying the installation spots and proposing maintenance solutions to the equipment owners will boost their revenue for the next four years."

If you are interested in more information on this research, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company Website, city, state and country.

Analysis of the Market for T&D Maintenance Services in Asia-Pacific is part of the Energy & Power Growth Partnership Services program, which also includes research in the following markets: North American Transmission and Distribution Services Market and Australia-New Zealand Power Transmission and Distribution Services Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Analysis of the Market for T&D Maintenance Services in Asia-Pacific / P6CD-14

Contact:
Jessie Loh, Corporate Communications – Asia Pacific
P: +65 6890 0942 / F: +65 6890 0988 - E: jessie.loh[.]frost.com.

 
 
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Additional Stress on Aging Power Infrastructure Necessitates T&D Maintenance Services in Asia Pacific Finds Frost & Sullivan

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