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European Power Plant Services Market

Growth in Fossil-fired Generation to Translate into Improved Growth in the Power Plant Services Market

  • Research Code : MA82-01-00-00-00
  • SKU : EG00125-EU-MR_00620
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  • Release Date : 29-Sep-2014
  • Region : Europe
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The power generation market in Europe has witnessed a challenging period over the past 3 years following the global financial crisis. It continues to face a very stagnant and difficult period. Power producers are still running their coal-fired plants rather than immediately investing in gas-fired generation. Therefore, the European power plant services market for steam turbine registered a higher growth rate as compared to gas turbine equipment services in 2013. While the market growth is expected to remain weak, electricity demand from both mature and emerging European economies and decommissioning of old conventional thermal power plants and nuclear power facilities are some of the key factors driving the power plant services market.

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