Press Release
Press Release
The North America market for hydropower generator repair and maintenance is being driven by the shift towards renewable and cleaner sources of energy. As a result of depleting fossil fuels and increasing GHG and carbon emissions, the adoption of hydroelectricity is boosting the demand for regular repairs and maintenance of hydropower generators. Hence, many companies established in the region are offering services such as preventive and predictive maintenance to ensure constant equipment operability of hydropower generators. Further, regular maintenance services and small repairs are commonly preferred to be done on-site with the help of skilled professionals to reduce travelling and handling costs. The market is also being led by several technological integrations to detect and carry out effective repair activities.
GE Electric (NYSE: GE), a leading player in the North America market for hydropower generator repair and maintenance, in January 2022, announced its plan to modernise four generator units at its Long Lake hydropower plant in Washington, US. Under a service contract with Avista Utilities, the company would effectively meet the growing requirements of the energy imbalance market. The plan is directed at maintaining the overall plant equipment reliability, along with increasing the efficiency and performance of the plant. The facility, after competition of the refurbishment project, would have an installed capacity exceeding 100MW. Such developments by leading market players are expected to strengthen the market growth in the forecast period.
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The major players in the North America hydropower generator repair and maintenance market are ABB Ltd., General Electric, Integrated Power Services, LLC, Renown Electric Motors & Repair Inc., Nidec Industrial Solution, and Toshiba Energy Systems & Solutions Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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