HomeMagazine2014March 2014, Vol. 241 No. 3African Power Plant Installations Fuel Gas Turbine Market

March 2014, Vol. 241 No. 3

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African Power Plant Installations Fuel Gas Turbine Market

Substantial growth in energy demand and policy changes to decrease gas flaring are driving new power plants installation in Africa and fueling the uptake of gas turbines. While lack of infrastructure and financial constraints slowed down market growth in the past, the expansion rate of over 8% per annum should accelerate once the infrastructure backbone in major gas-producing countries develops. Aalysis from Frost & Sullivan, 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 investmen

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