Frost & Sullivan: Power Plant Services in Europe - Prospects and Opportunities in Spite of Economic Crisis

LONDON, March 30 /PRNewswire/ -- The European power plant services market has witnessed a resurgence in recent years as a result of increased investments in the power generation industry. While the industry has not been immune from the effects of the global economic recession, it has weathered the storm much better than the new-build business, becoming a greater strategic focus of many power equipment manufacturers.

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On this subject Frost & Sullivan will host an analyst briefing which will take place 13th April at 4 pm BST. Frost & Sullivan Industry Director, Harald Thaler will offer an insight into the power plant services market developments across Europe.

"The OEMs have spent considerable efforts in terms of R&D to create a technology gap between themselves and any third-party service providers for new equipment. They have also expanded their ability to service other firms' machines and are therefore threatening the traditional independents. However, over the longer term, the larger independent service providers are expected to build up their technological capabilities in order to service high-value equipment such as advanced gas turbines which should provide very lucrative revenue streams," says Director Thaler.

Highlights of the briefing include an overview of the European power plant services market and its potential, a look at the competitive landscape and a review of the major geographic markets.

By discussing the power plant services market and its trends, this briefing will benefit OEM service providers, independent service providers, utilities and investors.

To participate in this briefing, please e-mail Chiara Carella, at [email protected], with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country, and a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

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SOURCE Frost & Sullivan