Escolar Documentos
Profissional Documentos
Cultura Documentos
Harald Thaler
Frost & Sullivan
© 2006 Frost & Sullivan. All rights reserved. This document contains highly confidential information and is the sole property of Frost & Sullivan.
No part of it may be circulated, quoted, copied or otherwise reproduced without the written approval of Frost & Sullivan.
Agenda
• The gas turbine services market – service providers and focus, market
forecasts, key trends and challenges
Drivers
Restraints
Restraints
Renewables Clean coal
Volatility of Security of technology
Gas Prices Supply
10000
• Stronger growth momentum in the
8000 next few years in the mid-range
6000 turbines (very popular in
expanding Middle Eastern
4000 markets)
2000
• More limited demand for large
0 turbines from EMEA is
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
compensated by buoyant Asian
demand
5-60 MW 60-180 MW >180 MW
Gas Turbine Market : Forecasts
Cumulative GT Additions by Output Range (EMEA), Cumulative GT Additions by Region (EMEA), 2006-
2006-2010 2010
North Africa
5-60MW 9%
14%
Above 180MW 8 GW
Europe
13 GW 41%
41% 39 GW 39 GW
48 GW
43 GW
• The medium-range output class is the largest • Booming Middle East market will see greater
with nearly 43 GW expected cumulative overall additions than all of Europe over the next
installations between 2006 and 2010. few years.
• Largest output range to grow more in the next • Italy and Spain still strong and renewed interest
decade as new H class machines gain ground in UK
Development of Very Large Gas Turbines
Cumulative Gas Turbine Additions • GE and Siemens are the major two
EMEA, 5MW and Above players - typically account for
6% around three quarters of the total
4%
EMEA market for gas turbines
• Their dominance is less pronounced
15%
if taking only the larger installations
41%
into account.
• Alstom’s share now reduced as no
longer competes in 5MW-50MW
10%
range
• Mitsubishi more focused on Asia
and North America – selective
24% targeting in Europe
*2000-2004
The Gas Turbine Services Market
Services Market : Industry Structure
Multinational Multinational
Regional Regional/Domestic
Wood Group
Transcanada Turbines
Sulzer Elbar
Thomassen Turbine Systems
GE Energy Chromalloy
Alstom Power Babcock Borsig Service
Siemens Power Generation Fortum Service
Mitsubishi Heavy Industries Turbo Services Network
Ansaldo Energia european maintenance company
Rolls Royce MTU Maintenance
Pratt & Whitney Mitsui Babcock
Kawasaki Fluor Daniel
Hitachi
MAN Turbo RWE Power International
Solar Turbines EON (Anlagenservice / Power Technology)
Turbomeca/Safran Group Soluziona O&M (Union Fenosa)
Service Focus in Gas Turbine Area
Siemens OEM Supply of spare parts for own models and servicing all
makes of gas turbines
Pratt & Whitney OEM Maintenance, overhaul, repair and spare parts both
for its own make and other brands (GE and Siemens)
Rolls Royce OEM Supply of spare parts and service for own models only
Service Focus in Gas Turbine Area
Organization Type Gas Turbine Service Focus
Wood Group Non- Maintenance, repair and reengineered parts for
OEM GE, Alstom and Siemens gas turbines
Sulzer Elbar Non- Replacement parts and repair of heavy duty and
OEM small gas turbines of Alstom, GE, Westinghouse
and Siemens models
Thomassen Turbine Non- Supply of spare parts and services for GE Frame
Systems (Ansaldo) OEM 6B and 9E
Fortum Non- Only servicing of turbines. Procures components
OEM from OEMs/non-OEMs as per end user preference
$1.7 bn
Belelux 28%
$1.3 bn 13%
CAGR (2005-10)
= 5.8%
Italy Germany
16% Spain France 17%
7% 4%
Germany
Italy
Netherlands
Spain
UK
Future trends
• Fleet management structure due to internationalisation of utilities
• Focus on “value packages” where value to operator is clearly measured
• Greater partnership approach between service provider and operator
• Towards full O&M contracts (mainly industrial plants)
Key Challenges for Gas Turbine Service Providers
Growing competition among service providers
• Greater strategic focus of the OEMs
• Service arms of major utilities
Pressure on prices
• Has affected prices for gas turbine spare parts in particular
Turbine Performance
Emissions Reductions
Fuel Flexibility
Response Speed
Importance
Key Areas: Turbine Performance
Key Improvements
Drivers
Impact
Restraints
High hydro
power capacity
Sufficient
response
speeds in highly
integrated power
markets