© Copyright 2004 Frost & Sullivan. All Rights Reserved. Asian Power Plant Services Markets A Potentially Lucrative Market Energy Markets Group “The lure of the Asian power plant services market lies in its growing number of gas turbines, the prospect of the deregulated power sector, and anticipated demand from private power producers. The opportunities are essentially long term.”

© Copyright 2004 Frost & Sullivan. All Rights Reserved. Industry Trends Revival of independent power producer (IPP) market is creating new opportunities Gas turbine has proved to be a major game changer for service business Original equipment manufacturers (OEMs) hold the largest market share Floating of IPP subsidiaries by utilities is significant for third-party services Power sector deregulation is a major driver for maintenance outsourcing

© Copyright 2004 Frost & Sullivan. All Rights Reserved. Industry Trends (Cont’d) Demand-side affiliates have emerged as key competitors in South Korea, Malaysia, and Thailand Proposed regional electricity grids likely to have long-term impact on plant operation and maintenance (O&M) Alliances or partnerships with local companies key for market penetration Large independent service providers slowly gaining foothold in the Asian power plant services market

© Copyright 2004 Frost & Sullivan. All Rights Reserved. Key Features Frost & Sullivan Provides: Drivers, restraints, and industry challenges Market sizing Revenue forecasts by service type Revenue forecasts by plant type Demand analysis by country Market analysis by customer type Pricing trends Competitive analysis Strategic recommendations

© Copyright 2004 Frost & Sullivan. All Rights Reserved. What We Offer Exhaustive Asian Coverage: India, China, Singapore, Malaysia, Indonesia, Thailand, and South Korea Proven methodology encompassing extensive primary and secondary data and research Focused information and strategies that cover business and technology issues Credible data and analysis highlighting industry dynamics Winning strategies to help you create precise business plans

© Copyright 2004 Frost & Sullivan. All Rights Reserved. Who Will Benefit? Current Market Participants Find out how large the Asian power plant services markets are Find out how you compare to the competition Assess current and future drivers and restraints Determine and exploit new market opportunities Find out the market size and service potential for major equipment such as boilers, steam turbines, and gas turbines New Entrants Analyze challenges associated with the industry Look out for possible alliance or acquisition targets OEMs Find out which competitors are getting involved in the services market Understand the demand for services by plant type and size

© Copyright 2004 Frost & Sullivan. All Rights Reserved. Who Will Benefit (Cont’d) Investment Community Determine which participants will outperform the competition Assess what kind of investment is justified in the services sector Power Plant Owners Determine which vendors are active in the market and who are possible new entrants Understand the cost level of service activities Learn about technological and other market trends

© Copyright 2004 Frost & Sullivan. All Rights Reserved. What’s Included Revenue forecasts for maintenance, repair, and overhaul (MRO) services for boilers, combustion turbines, and steam turbines Turnkey O&M market prospects for steam turbine and gas turbine power plants End-user analysis Pricing trends for various services Competitive analysis and market share of top participants in each country Strategic recommendations

© Copyright 2004 Frost & Sullivan. All Rights Reserved. ALSTOM Power Service Ansaldo Asia Plant Maintenance Services Babcock & Wilcox Bharat Heavy Electricals Ltd. DongFang Electric Corp. Doosan Heavy Industries EGCO Engineering and Service Co. Fortum Energy Foster Wheeler General Electric Energy Harbin Turbine Co. Heifei Power Key Market Participants Hitachi Plant Engineering Hyundai Heavy Industries Ishikawajima-Harima Heavy Industries JEL Maintenance Korea Plant Service and Engineering Larsen and Toubro MB-Electricity Gen Authority Thailand Mitsubishi Heavy Industries Mitsui Babcock Nanrui Group Plant & Maintenance Engineering PT Poeser Repair and Maintenance Co.

© Copyright 2004 Frost & Sullivan. All Rights Reserved. Key Market Participants (Cont’d) Shanghai Boiler Works Shanghai Minghang Siemens Power Generation Sincetech Gas Turbine Steag Sulzer Turbomachinery Services Teknik Janakuasa Sdn Bhd (TJSB) Wood Group Yaomeng Electric Power YTL Power Services

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