Frost & Sullivan to host gas turbine briefing
Dubai, June 14, 2010
The energy and power systems practice at Frost & Sullivan, a top business research and consulting firm, will host an analyst briefing on the GCC gas turbine MRO market on June 16 in Dubai.
Frost & Sullivan’s latest research on the Middle East (GCC) gas turbine maintenance repair and overhaul (MRO) services market provides a snapshot of opportunities, market trends, market estimates, and market segmentation by types of turbines in the GCC.
It is a necessity for the end users of gas turbines to maintain them at regular schedules to prevent sudden breakdown. Many maintenance service providers in the GCC region have their core business depending on gas turbine services, a statement said.
The highlight of this briefing includes major drivers, restraints and challenges of the GCC Gas turbine MRO service market, along with which current and future prospects, trends and market estimates will be covered.
“With continuous growth in gas turbine installations, there is an increased opportunity arising hand-in-hand for gas turbine services in the GCC region,” said Lakshman Rao R Sutrave – senior research analyst, EPS Practice, Frost & Sullivan.
“Preference for outsourcing servicing activities is growing among the end users like power plants, oil and gas and petrochemical companies. All the above factors show a promising and steady growth in the GCC gas turbine MRO service market.”
“Along with turbine OEMs, recent venture of new third party service providers in the market has intensified the competition. Hence it is necessary that service providers are aware of market conditions and strategize their business to gain and sustain their market shares,” Sutrave concluded. – TradeArabia News Service