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The challenges faced by the Power Generation Engineering sector are Scarcity of Resources, fluctuating market prices etc. Quest Global combines power generation engineering services with manufacturing services that help customers meet the growing requirements in power generation sector.
Power Generation Engineering - Enhance Sustenance Engineering
The global economy is set to grow four-fold between now and 2050 and growth could approach ten-fold in developing countries like India. This promises economic benefits & huge improvements in standard of living, but also involves much more use of energy. This has resulted in increasing pressure on the world to conserve the conventional sources of energy which typically include fossil fuels, thermal & hydroelectric energy as they non-renewable in nature.
The challenges faced by the Power Generation Engineering sector are:
- Scarcity of Resources
- Fluctuating Supply & associated market prices
- Effectively manage customer expectations in the market
- Meeting the regulatory challenges of safety, health & environment
- Ensure continuous supply of energy in the face of risks, challenges & natural disasters
While cost is an important factor, power generation engineering companies are increasingly looking to leverage from engineering services off-shoring for flexible technical capacity, product & process innovation, high quality power engineering solutions, gaining a foothold in local markets & meeting the growing offset demands. This need has resulted in many companies evaluating their existing engineering & manufacturing supply chain.