The O&M market for power plants has consistently been registering a positive growth since last few years as a result of several critical factors. International demand for electricity being on the increase has resulted in expansion of power generating capacity with consequent increase in the demand for basic services like operation and maintenance. During the aging process of power plants, the significance of effective operation and maintenance is more crucial than ever to improve reliability, prolong life span and comply with environmental regulations. Technology has been the key factor which determined the development of O&M market by integration of smart technologies and condition monitoring systems. These innovations lead to smart and proactive maintenance strategies that can help reduce some downtime and ensure effective performance of power plants.
Moreover, the increased attention on the renewable energy resources has broadened the spectrum of the O&M services to include the solar and wind power plants. Eco-friendly and legislative control factors have also seen a rapid growth in the market. Strict emission standards and enforcement of environmental standards force power plants to work with efficient technologies which, in turn, open up new opportunities for O&M providers specializing in environmental control technologies. In addition, the O&M services outsourcing by power plant operators is a widely practiced strategy, giving them the chance to concentrate on vital business operations while accessing the services of specialized O&M experts. Given that the power plant operation & maintenance market is growing consistently enough, driven by the increased electricity demand, the technological advancements, environmental factors, and the energy industry outsourcing trend, it is clearly showing stable long-term outlook. An increasing number of producers of power are recognizing the advantages of contracting out tasks which are non-strategic to specialized service providers.
In this issue, we acquaint you with the top companies from this field. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top companies that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd.
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