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Frost & Sullivan: Consumer Demand for Energy Independence and Growing Government Response Open Opportunities in the African Gas Turbine Market

6 pages
Frost & Sullivan: Consumer Demand forFrost & Sullivan: Consumer Demand for Energy Independence and Growing Government Response Open Opportunities in the African Gas Turbine Market PR Newswire CAPE TOWN, South Africa, Feb. 5, 2014 - Offering robust, cost-efficient and flexible solutions will garner a strong lead for market participants Substantial growth in energy demand and policy changes to decrease gas flaring are driving new power plants installation in Africa and fuelling the uptake of gas turbines. While lack of infrastructure and financial constraints slowed down market growth in the past, the current expansion rate of over 8 percent per annum is expected to accelerate once the gas infrastructure backbone in key gas producing countries is developed. 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. "The desire of more players in the private sector, especially industrial clients to achieve energy independence, is widening the scope of the African gas turbine market," said Frost & Sullivan Business Unit Leader for Energy & Environment Cornelis van der Waal.
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Frost & Sullivan: Consumer Demand for Energy Independence and Growing Government Response Open Opportunities in the African Gas Turbine Market

PR Newswire

- Offering robust, cost-efficient and flexible solutions will garner a strong lead for market participants

Substantial growth in energy demand and policy changes to decrease gas flaring are driving new power plants installation in Africa and fuelling the uptake of gas turbines. While lack of infrastructure and financial constraints slowed down market growth in the past, the current expansion rate of over 8 percent per annum is expected to accelerate once the gas infrastructure backbone in key gas producing countries is developed.