Aug 16 2010
Driven by considerable growth in the economy, the demand for electrical energy in the region of sub-Saharan Africa is quickly approaching supply capacity. This demand for novel production capacity is driving growth in the market of steam turbines in this region.
The newly conducted analysis by Frost & Sullivan titled ‘The Sub-Sahara African Steam Turbine Market’ indicates that this market registered $147.4 million in revenues in 2008 and is expected to touch $261.4 million by the year 2014. The various countries covered in this analysis are Namibia, Mauritius, Kenya, Zimbabwe, Botswana and South Africa.
In countries rich with natural coal reserves, developing coal-fired power plant facilities remains to be the most cost-effective way of producing energy. Nevertheless, these cost efficiencies might slowly reduce in the long-run owing to depleting natural resources and probable carbon taxes.
The Sub-Sahara African Steam Turbine Market comes under the Energy & Power Growth Partnership Services programme that includes research work in the markets: the South African Boiler Market, The West Africa Transformer Market and The East African Genset Market. All research services provide in-depth industry trends and market opportunities.