The power generation market is estimated to grow from $16.6 billion in 2014 to $22.4 billion by 2019, at a CAGR of 6.1% from 2014 to 2019. It is carried out by the means of conventional/non-renewable and renewable sources of energy. Although renewable capacity has been increasing rapidly, with renewable sources accounting for over 25% of the global share in 2012, the segment’s overall share has been rising at 10%. Worldwide, investments in the development and implementation of clean or renewable energy technologies, as well as energy conservation, is a major priority for many governments and industries. Along with new component manufacturing, the vast majority of the business focuses on the field service support, maintenance, repairs, replacements, modernizations and upgrades of components, such as gas, steam and wind turbines as well as generators, in large-scale and industrial power plants, and compressors for the oil and gas industry.