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ANZ Gas Turbines Market Gets a Move on as Emission Regulations Become Stringent Finds Frost & Sullivan - The highflying gas turbine market took an unexpected tumble in 2009 due to a drastic drop in new gas or steam turbines contracts from Australia and New Zealand (ANZ)
ANZ Gas Turbines Market Gets a Move on as Emission Regulations Become Stringent Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Singapore, Singapore, 2010/03/23 - The highflying gas turbine market took an unexpected tumble in 2009 due to a drastic drop in new gas or steam turbines contracts from Australia and New Zealand (ANZ).

   
 
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The global economic slowdown cautioned power project developers against making huge investments in turbines, especially due to the lack of financing options. Therefore, power generation expansion programs took a backseat in 2009.

However, all this is changing with the economy on the mend and rising environmental consciousness triggering legislation. Governments in Australia and New Zealand have been actively promoting emission reduction and the use of greener technologies.

New analysis from Frost & Sullivan (energy.frost.com), ANZ Gas Turbines Market, finds that the market earned revenues of $249.0 million in 2009 and is expected to earn approximately $2,610.0 million from 2010 to 2016.

Highly efficient gas turbines, complemented with emissions reduction technologies, are alternatives to the environmentally hazardous coal power plants.

Interestingly, the market is also expected to acquire business from the several proposed coal-fired power plants in Australia, as they are expected to use integrated gasification combined cycle (IGCC), coal gasification and storage (CCS), or a combination of the two technologies. This will ensure steady demand for combined cycle gas turbine (CCGT) and open cycle gas turbines (OCGT), most often used for peaking power and wind balancing.

"Moreover, the drive toward energy efficiency ensures the usage of the latest, more expensive technologies for new build projects, thus boosting the total market revenues," says Frost & Sullivan Program Manager Irina Sidneva.

Considering Australia and New Zealand are two of the most advanced power markets in the Asia Pacific, technology providers should offer the latest, most efficient technologies, and lowest emissions output solutions to compete for new projects in these countries.

Moreover, with service becoming a vital component in the power solution package, potential suppliers have to provide enough flexibility to answer end users' needs - be it a turnkey contract for power plant construction or a full power plant availability service contract. To achieve this level of competence, original equipment manufacturers (OEMs) should have adequate coverage of the region, both in terms of engineers' availability and spare parts delivery.

The future of the gas turbines markets in the ANZ region seems promising in the next five years, with new contracts predominately expected from Australia. On the other hand, the New Zealand market will feel the pinch of the non-availability of gas resources and gas infrastructure in Pacific Islands, low grid electricity prices applied to industrial end-users, and volatility of gas prices.

While peaking gas-fired stations can be installed along with large wind power projects, the rising demand for the rest of technologies will hinder the gas turbines market. The business from the oil and gas segment is expected to remain constant as a few planned oil and gas and liquefied natural gas (LNG) projects will be set in motion soon.

"Overall, the growth potential for the utilities and industrial power segment will depend on the level of adoption of the other power generation sources including coal, renewables, hydro, and geothermal," notes Sidneva.

If you are interested more information on this study, please send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

ANZ Gas Turbines Market is part of the Energy & Power Growth Partnership Services program, which also includes research in the following markets: ANZ steam turbines market, APAC thermal power plant services markets, APAC Solar cells & modules market outlook, SEA CDM market - opportunities for equipment suppliers, clean coal market development in APAC. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

ANZ Gas Turbines Market / P37E

 
 
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ANZ Gas Turbines Market Gets a Move on as Emission Regulations Become Stringent Finds Frost & Sullivan

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Publisher Contact: Donna Jeremiah / Carrie Low 
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