Although market growth is expected to occur early in this decade, the gas turbine market will continue to require maintenance and technical upkeep to match increasing energy demand
Gas turbines are the core asset of the Power Generation Industry, ensuring that the global energy market is well-served regardless of the new units yet to enter service. Temp-Pro actively monitors such trends as an opportunity to serve the market with a variety of temperature measurement devices to ensure the optimal operation of gas turbines. In fact, changes in market demand for gas turbines can help understand the opportunity to engage the constant need to maintain such capital equipment and related systems. After all, energy demand does not slow down—regardless of the amount of new gas turbines being commissioned.
Soft pricing and overcapacity in the supply of power equipment caused the decrease in demand for gas turbines over the past several years. As a result, the lower number of new gas turbine commissioned have consistently pointed to this reason—but change is coming. Combined cycle plants are expected to overshadow other types of power plants, particularly in industrialized markets around the world. However, emerging markets in Asia and South America are likely to adopt combined cycle plants and its gas turbines as a staple of power generation in such regions—and this trend is also expected to increase in the decades ahead.
Maintaining gas turbine equipment with the support of aftermarket service providers can help keep existing equipment in operation—an opportunity for Temp-Pro to serve and replace consumables such as RTDs, thermocouples and other temperature-sensing devices. Proactive maintenance and replacement of such equipment is a good strategy when looking to extend the viability of power generation equipment in the absence of a budget for new equipment. The reality is that the decision of procuring new gas turbines is no longer tied to energy demand, but rather the opportunity of rethinking alternative strategies.
Case in point, many power plant operators consider alternate options such as converting existing simple-cycle plants into combined cycle by simply installing an HRSG and steam turbine combo. The conversion into a combined cycle plant comes with benefits such as increased efficiency and higher output–and with the opportunity of lower emissions, a welcomed advantage in the ever-concerned expectation of environmental sustainability. Still, such a conversion process creates opportunity for Temp-Pro and we are ready to react to our customers’ needs regardless of their strategy for maintaining industry leadership.
Whether you are an existing customer needing to maintain existing gas turbines or an OEM seeking to integrate our devices into your gas turbine design, Temp-Pro is ready to meet the opportunity head-on. Contact us today to learn more about our products and services.