Press release
Power Plant Maintenance Market is Projected to Showcase Significant Growth up to 2030 || Thermax Limited, Energo Engineering Projects Limited, JERA Co
๐๐๐ฆ๐ช๐๐จ๐ฉ ๐ฝ๐ง๐ค๐๐๐ช๐ง๐ ๐ค๐ ๐๐๐ฅ๐ค๐ง๐ฉ - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=79068
Key Drivers of Global Power Plant Maintenance Market:
- Demand for power plant maintenance is expected to increase in the near future owing to rise in globalization and urbanization. Demand for electricity is rising owing to an increase in population.
- Increase in investment in generation of hydroelectric power, renewable energy, and geothermal power plants is anticipated to boost the global power plant maintenance market in the near future.
๐๐๐๐ ๐๐ช๐ก๐ก ๐๐๐ฅ๐ค๐ง๐ฉ - https://www.transparencymarketresearch.com/power-plant-maintenance-market.html
Key Development:
- On May 9, 2020, Enel Spa rolled out the worldโs first wide-ranging predictive maintenance model for its hydroelectric power plants. The company initiated the PresAGHO project (Predictive System and Analytics for Global Hydro Operation), featuring an elaborate predictive maintenance model to tackle potential faults in hydroelectric power plants.
Asia Pacific to Hold Major Share of Global Power Plant Maintenance Market:
- Based on region, the global power plant maintenance market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- Asia Pacific dominated the global power plant maintenance market in 2019. The market in the region is expected to be highly attractive during the forecast period, as the region has highest installed base of power plants. China, Japan, India, and South Korea possess high number of installed bases in the region.
- North America is anticipated to account for notable share of the global power plant maintenance market during the forecast period. The U.S. has around 8690 installed power plants.
- The market in Europe is estimated to expand at a healthy pace during the forecast period owing to an increase in investments for the generation of hydroelectric power. Key countries in the region are Italy, Germany, Spain, France, and Austria. Rise in number of installation of power plants in Europe is anticipated to boost the power plant maintenance market in the region.
- Middle East & Africa is likely to account for relatively minor share of the market in the near future, as the power generation market is in the development phase in the region.
- Latin America is anticipated to hold moderate share of the global market during the forecast period. Investment in the power generation market is estimated to rise in the near future. Brazil installed 4919 MW of hydropower in 2019.
๐๐ฃ๐ฆ๐ช๐๐ง๐ฎ ๐ฝ๐๐๐ค๐ง๐ ๐ฝ๐ช๐ฎ๐๐ฃ๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=79068
Key Players Operating in Market: Thermax Limited, Energo Engineering Projects Limited, JERA Co., Inc, NTPC Ltd, MYTILINEOS SA, DESEIN Private Limited, LAXYO, STEAG ENERGY SERVICES, Siemens Energy and others.
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