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Maintenance , Repair & Overhaul (MRO) Market Opportunity in India Across Energy Sector and Outlook Till 2022 (Vol-I)

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Report Summary Extracting Value Chain Player Wise Opportunity for OEM’s , Pollution Control Equipment Providers, EPC Players, Independent MRO Service Providers , R&M Consultants and Tracking the Existing Competition

Maintenance , Repair & Overhaul (MRO) Market Opportunity in India Across Energy Sector and Outlook Till 2022 (Vol-I)


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  • Summary

    Lowering carbon emissions, improving plant efficiencies, need for technological upgradations – strong business case surfacing up for maintenance, repair and overhaul services in Indian energy segment

    Government has identified 7,738 MW of old/aging thermal power units that shall be replaced with energy-efficient supercritical plants with a capacity of 18,560 MW. Under this initiative, the state power generation utilities have marked out 6,608 MW of aging capacity which will lead to the creation of 16,580 MW. The central utilities have marked about 1,130 MW for replacement that will create 1,980 MW of energy efficient capacity

    India, historically has been dependent upon coal based thermal generation at large to meet its base load requirements which indeed is a polluting source of energy generation. Moreover, aging thermal power units, falling plant efficiencies, rising power demand and the need for meeting global environmental standards is diverting the existing thermal power generation market more towards upgrading and modernizing the existing units than adding up the fresh capacities. Infact about 17 GW of state and centrally owned thermal power capacity was targeted to be upgraded and modernize by the end of 12th FYP. Having said that close to 2 GW of the total targeted capacity has been renovated so far creating an immediate market opportunity for approximately 15.2 GW of carry over capacity to be modernize. Apart from this, the thermal power units that are already hitting the operational age of 10-15 years do hold significant business potential for repair and maintenance in the years to come. Not only the thermal power units but the oil marketing companies (OMCs) too are investing big in the technological upgradation, expansion and overhauling of existing refineries. It is pertinent to note that an investment to the tune of approximately USD 5.2 Billion, is what Indian refining industry is anticipating till 2020 in developing its brownfield refineries.

    KEY QUERIES ADDRESSED

    • What shall be the opportunity size of MRO in India’s wind power generation segment till 2022?
    • What is the current solar power generation scenario in India?
    • What is the current status of maintenance , repair and overhaul in solar power generation sector in India?
    • What shall be the opportunity size of MRO in India’s solar power generation segment till 2022?
    • What is the current status of refining and petrochemical industry in India?
    • What is the current scenario of maintenance , repair and overhaul in refineries & petrochemical industry in India?
    • What shall be the opportunity size of MRO in India’s refineries and petrochemical segment till 2022?
    • What is the current thermal power generation scenario in India?
    • What is the current status of thermal power capacity under maintenance , repair and overhaul in India?
    • What shall be the opportunity for MRO players in thermal power plants owned by NTPC till 2022?
    • What business case does state owned thermal power plants hold for MRO players in India till 2022?
    • What investment opportunity does privately owned thermal power plants hold for MRO players in India till 2022?
    • What is the region wise opportunity track for MRO players in thermal power generation segment till 2022?
    • What is the current captive power generation scenario in India?
    • What is the current status of captive power capacity under maintenance, repair and overhaul in India?
    • What shall be the MRO opportunity for captive power plants with age 5-10 years of existence?
    • What shall be the MRO opportunity for captive power plants with age 10-15 years of existence?
    • What shall be the MRO opportunity for captive power plants with age 15-25 years of existence?
    • What shall be the opportunity for air pollution control equipment manufacturers in India till 2022?
    • What is the current wind power generation scenario in India?
    • What is the current status of maintenance , repair and overhaul in wind power generation sector in India?

    BUSINESS CASE FOR MAINTENANCE, REPAIR AND OVERHAUL MARKET IN INDIA

    • Government has identified 7,738 MW of old/aging thermal power units that shall be replaced with energy-efficient supercritical plants with a capacity of 18,560 MW. Under this initiative, the state power generation utilities have marked out 6,608 MW of aging capacity which will lead to the creation of 16,580 MW. The central utilities have marked about 1,130 MW for replacement that will create 1,980 MW of energy efficient capacity
    • The new emission standards/norms laid down by environment ministry on cutting down the pollution generated by thermal power plants, steel plants, fertilizer units, refineries & petrochemical units, captive power plants. These norms brings in picture good investment opportunity in pollution control devices. It is anticipated that given the current scenario, cumulative opportunity size for emission control equipment manufacturers stands to be INR 840 Billion till 2022 into thermal power generation segment
    • BHEL awarded INR 137 crore for renovation and modernization of electrostatic precipitators (ESPs) of three units of 200 MW each at Ramagundam Super Thermal Power Station (STPS) Stage I (3×200 MW). BHEL is already executing similar R&M projects for NTPC and state utilities including Gujarat State Electricity Corporation and Chattisgarh State Power Generation Company
    • An investment to the tune of approximately USD 5.2 Billion, is what Indian refining industry is anticipating till 2020 in developing its brownfield refineries
    • Approximately INR 33,414 crores has been invested by major Indian refiners so far expanding, modernizing & upgrading of existing refineries in the country. Of the identified investment tune about 68% is the standalone contribution of BPCL
    • Of the total 17.3 GW of thermal power capacity targeted for renovation & modernization in 12th FYP only 2.06 GW has been achieved. 15.24 GW of opportunity exist till 2022

  • TOC
  • Key Highlights
  • Database Difference Margin

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