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African Gas Turbine Market: Consumer Demand for Energy Independence and Growing Government Response Open Up Opportunities

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New analysis from Frost & Sullivan (http://www.energy.frost.com), The African Gas Turbine Market, finds that the market earned revenues of $662 million in 2012 and estimates this to reach $1 144 …

New analysis from Frost & Sullivan (http://www.energy.frost.com), The African Gas Turbine Market, finds that the market earned revenues of $662 million in 2012 and estimates this to reach $1 144 million in 2017. The growth in demand for turbine technology will be driven by the combination of infrastructure investment and access to natural resources – Africa has some of the globe’s most substantial gas reserves.

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  • 1. The African Gas Turbine Market Redefining Africa’s Power Generation Mix M8B3-14
  • 2. Executive Summary • The Energy and Power Systems (EPS) business unit within Frost & Sullivan constantly monitors global gas turbine market. • This research service analyses the African gas turbine market. The diverse nature of this market has been distilled by identifying the most prominent gas turbine end-user countries and original equipment manufacturers (OEMs) on the African continent. • This research service provides a concise analysis of the current state of the African gas turbine market and focuses solely on large gas turbines with a power rating of 60 MW and above. • This market is highly concentrated with the top 3 OEMs accounting for the total market in 2012 and around 81.4% since 2008 of the total share and the healthy pipeline of gas turbine orders of these manufacturers is expected to ensure their continued market dominance. • Acute droughts and recent natural gas finds have positioned gas turbine technology to play a significant role in Africa’s base load generation capacity during the forecast period of this analysis. M8B3-14 Source: Frost & Sullivan 2
  • 3. Executive Summary (continued) Gas Turbine Market: Market Age by Technology, Africa, 2012 Introduction Mature Growth Decline Growth Stage Hydro Coal Gas Nuclear Market age • The end-user segment of the African gas turbine market is highly concentrated with power utilities dominating this industry. Source: Frost & Sullivan M8B3-14 3
  • 4. Executive Summary: Market Engineering Measurements Gas Turbine Market: Africa, 2012 Market Overview Market Stage Growth Market Revenue $662.0 M* Compound Annual Growth Rate 9.2% 8.27% (CAGR, 2012-2017) Average Price Per Unit 14 (2012) Base Year Market Growth Rate Market Units/Volume $215,000/MW (2012) Customer Price Sensitivity 9 (scale:1 [Low] to 10 [High]) Degree of Competition 6 Market Concentration (2012) 100% (scale:1 [Low] to 10 [High]) (% of market share held by top 3 companies) For a tabular version click here. Decreasing M8B3-14 Stable Increasing Note: (*)Revenues quoted are for unit orders placed during the year. All figures are rounded. The base year is 2012. Source: Frost & Sullivan 4
  • 5. Executive Summary: Market Engineering Measurements (continued) Competitor Overview Number of Competitors 3 Number of Companies that Exited* 0 (active market competitors in 2012) (2012) Total Addressable Market Number of Companies that Entered* 0 (2012) Replacement Rate 25 Years (average period of unit replacement) Attachment Rate 2-4 (current number of units per user – 2012) Total Addressable Market Maximum Attachment Rate Current Potential Users Power Utilities 2-4 (maximum potential number of units per power plant) Decreasing M8B3-14 Stable Increasing *Companies with revenue of more than $1B. Note: All figures are rounded. The base year is 2012. Source: Frost & Sullivan 5
  • 6. Executive Summary—CEO’s Perspective 1 The African gas turbine market is dominated by GE, Siemens, Ansaldo, and Alstom. 2 The major end users of large gas turbines in Africa are power utilities and oil and gas companies. 3 Significant gas finds, economic growth, and power generation deficits are driving the growth of this market. 4 Natural gas supply security uncertainties and project financing challenges remain the main challenges faced in this market. 5 Highest demand for large gas turbines is expected from countries with large gas reserves and gas transportation infrastructure. M8B3-14 Source: Frost & Sullivan 6
  • 7. Contact For more information on the study, or for media enquiries, please contact: Samantha James Corporate Communications: Africa (+27) 021 680 3574 samantha.james@frost.com M8B3-14 7