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					North America Thermal Power Maintenance Market - Market Size, Key
Trends, Challenges, and Competitive Analysis

The report gives us clear understanding of the North America thermal power
maintenance services market. It provides deep understanding of key drivers impacting
the market, key restraints in the market and key challenges for the services market. It
gives forecast to 2020 by major countries in the region and key segments under the
maintenance services market. It provides analysis of key players in the maintenance
services market by market share range in each segment

Aging Power Plants and Growing Electricity Demand in the Region are Driving the
Growth of Thermal Power Maintenance Services Market
It is estimated that 42% of the aging installed base in the world is concentrated in North
America and most of them have already crossed their 30 years of design life. The old
and aging power plants in the region are the single largest driving force for the
maintenance services market. The aging power plants in the region have low efficiency
levels and plant owners are increasingly investing in maintenance services to increase
the efficiency levels of their plants. The large number of power plants reaching
retirement age will continue to drive the market for servicing as utilities strive to replace
components to maintain the current levels of installed capacity. The service providers
are increasingly entering into contracts with plant owners to improve the output of the
power plants. This factor is going to drive the growth of the maintenance market in the
North American region in the near future.

For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=North-America-Thermal-
Power-Maintenance-Market--Market-Size-Key-Trends-and-Challenges-and-Competitive-
Analysis&ReportType=Industry_Report&coreindustry=ALL&Title=Power_~_Utilities

Apart from the aging power plants in the region the growing demand for electricity is
also a driving force for the maintenance services market in North America. Electricity
generation is expected to increase at an average rate of 2.4% through 2030. . Electricity
generation in the US is expected to increase at an average annual rate of 1%.Similarly;
Canada is expected to see an increase in electricity generation at 1.4% per year. The
growing demand for electricity in the region will drive the market for maintenance
services in the long-term.

The North America Maintenance Services Market is Expected to Show a Stable Growth
throughout the Forecast Period, with Gas Turbines having a Major Share
The North American maintenance services market generated revenue of $8,432m in
2009, a 2.36% growth from the 2008 revenue of $8,238m. The gas turbines segment
contributed a major share of 44% to the total thermal power maintenance market with
revenues from this segment amounting to $3,710m in 2009. The steam turbine segment
contributed a share of 20% in 2009 with a revenue contribution of $1,686m.The boiler
segment contributed the remaining share of 36% with a total revenue contribution of
$3035m in 2009.The maintenance services market is largely driven by electricity
demand in the region and the aging power infrastructure leading to increased demand
for maintenance services.
During the forecast period 2010-2020 the market is expected to grow at a CAGR of
4.36% to total revenue of $13,089m by 2020. The gas turbine segment is expected to
show an increased contribution of 52% with total revenue of $6,904m in 2020

Perception that Original Equipment Manufacturer’s (OEM) Handle Maintenance
Better and Growing Competition between OEM’s and ISP are the Key Challenges Faced
by the Industry
There is a general perception among the utilities that outsource power services that
OEM’s better handle the maintenance task. This is mainly because OEM’s represent
experience, technology dominion and brand that stands for reliability. End users are
hesitant to turn to ISP’s considering them to be unable to better handle a technology
that they haven’t manufactured. This perception that OEM’s are better service providers
than the other local services providers has led to an increased share of OEM’s in the
services business. Independent service providers have to struggle hard in order to
convince end users of their service abilities.

For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=North-America-Thermal-
Power-Maintenance-Market--Market-Size-Key-Trends-and-Challenges-and-Competitive-
Analysis&ReportType=Industry_Report&coreindustry=ALL&Title=Power_~_Utilities

Along with this the increasing competition between OEM’s and ISP’s leading to price
wars are a major challenge to the industry. Increased demand, when other sectors in
the economy are lagging, has led to increased competition between market players.
OEM’s and ISP’s are constantly trying to outshine each other. Such intense competition
between the market players has led to intense price wars between the two. In the
maintenance services market OEM’s have the benefit of long-term service agreements
(LTSA) and the advantage of establishing them during the equipment supply stage. This
is leading to a price war between the well-established OEM’s and ISP’s, where ISP’s are
pitching in for maintenance contracts on the basis of lower prices. Utilities are
increasingly looking at ISP’s who can provide services at lower prices than OEM’s

The US and Canada Thermal Power Maintenance Services Market is Expected to Show
a Strong Growth in the Future. With the US Leading the Way
The North American thermal power maintenance services market is largely segmented
into two countries, the US and Canada. The US contributes the major share to the
thermal power maintenance market in the region. The thermal power maintenance
services market in the US generated revenue of $7,704m in the year 2009. The large
base of thermal power plants in the country along with the growing electricity demand
is driving the market for maintenance services in the US. During the forecast period
2010-2020 the market for thermal power maintenance services in the US is expected to
grow at a CAGR of 4.5% reaching revenue of $12,140m in 2020. The growth in the
thermal power maintenance services market in the US is largely driven by the growing
electricity demand in the country and the large fleet of aging power plants.
Canada thermal power maintenance services market generated revenue of $728m in
2009.During the forecast period 2010-2020 the maintenance market in Canada is
expected to grow at a CAGR of 2.64% to reach revenue of $949m in 2020

GE, Alstom and Babcock are the Key Players in the Gas, Steam and Boiler Services
Market Respectively in the Region
GE is the major player in the gas turbine services market in the region. The gas services
market is a highly concentrated market with key players having a major share of the
services business. Alstom is a major player in the steam turbine services market. In
terms of services portfolio Alstom emerges as a leader with a widest range of services
under O&M services providing full fledged services for all parts of a power plant. Alstom
has close to 200 steam turbine technologies in its services portfolio. Babcock is a major
player in the boiler services market in the region. In terms of their presence in North
America Babcock with 35% of the total boiler generated capacity, 15 centers in the US
and 3 in Canada.

For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=North-America-Thermal-
Power-Maintenance-Market--Market-Size-Key-Trends-and-Challenges-and-Competitive-
Analysis&ReportType=Industry_Report&coreindustry=ALL&Title=Power_~_Utilities

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Contact Information:
Rajesh Gunnam
rgunnam@globaldata.com
+914066166782

				
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Description: Aging Power Plants and Growing Electricity Demand in the Region are Driving the Growth of Thermal Power Maintenance Services Market