ALBANY, New York, August 29, 2017 /PRNewswire/ --
Transparency Market Research has released a new market report titled "Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market by Generator Fuel Type [Heavy Diesel Oil, and Other Fuel (Light Diesel Oil, LNG, Dual Fuel, Renewable Energy, and Others)] by Plant Size (Up to 100 MW, 101-500 MW, and Above 500 MW) by End-User (Government Utilities, Independent Power Producers (IPP's), Mining, and Others) by Generator Power Rating (upto 750 kW, 750-1000 kW, 1-2 MW, 2-3 MW, 3-5 MW, 5-10 MW, and Above 10 MW) and by Region (North America, Europe, Asia Pacific and Rest of the World) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2025." According to the report, the global Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market volume was 5,542.8 MW in 2016 and is projected to reach 7,901.5 MW by 2025 at a CAGR of 4.0% from 2017 to 2025.
Flexible power plants powered by medium speed generators (300 rpm to 1200 rpm) have the ability to adapt to dynamic and changing conditions. These include balancing supply and demand by hour and minute, or deployment of new generation and transmission resources over a period of years. These power plants primarily address challenges such as rapid deployment of variable generation plants, fluctuations and uncertainty in fuel prices, changes in system standards and policies, and adoption of new technologies at the consumer level.
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Flexible power plants powered by medium speed generators (300 rpm to 1200 rpm) are part of the trend of decreasing reliance on power generation from coal. This method is being replaced partly by new renewable, dual fuel capacity. This is one of the way to ensure future investment stability and sustainability in electricity generation business. Various capacity market auctions have been introduced where generators can earn additional revenue in return for providing capacity at times of system stress.
Distributed generation and distributed energy resources may collectively make up the single major factor of change in the power generation industry. Their emergence is affecting many facets along the stakeholder chain at the residential and enterprise levels - from customer engagement and capital expenditure to business opportunities aimed at taking advantage of wider adoption of distributed generation and renewables such as solar, wind, reciprocating engines, combined heat and power, fuel cells and micro-turbines. Customers are increasingly aware about controlling the usage of energy by pursuing cleaner energy options, cutting down on electric bills, or shoring up own perceived deficiencies in the reliability of the grid such as during storms or natural disasters. This rise in awareness is driving utility leaders toward orienting their infrastructure development to accommodate distributed generation. Flexible power plants powered by medium speed generators (300 rpm to 1200 rpm) are utilized in government utilities, IPPs (independent power producers), mining, and others (industrial sector, railways, etc.).
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Asia Pacific led the global Flexible Power Plants Powered by Medium-speed Generators (300 rpm to 1200 rpm) Market in 2016, followed by Middle East & Africa. Market share of Europe was close to that of Middle East & Africa in the same year. The market in Asia Pacific and Middle East & Africa is expected to expand at significant pace between 2017 and 2025.
Key major players operating in the Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market include Yanmar Co., Ltd, MAN Diesel & Turbo, Wartsila Corporation, Cummins, Daihatsi Mfg. Co., Ltd., Kohler Co., Ltd., Beta Marine Ltd., COELMO, Kirloskar Oil Engines Ltd., DOOSAN Engines, Siemens AG, Alstom Power, Eastern Generation LLC., Contour Global.
Global Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market has been segmented as follows:
- Global Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market: Generator Fuel Type Analysis
- Heavy Diesel Oil
- Other Fuels
- Light Diesel Oil
- Dual Fuel
- Renewable Energy
- Global Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market: Plant Size Analysis
- Up to 100 MW
- 101-500 MW
- Above 500 MW
- Global Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market: End-User Analysis
- Government Utilities
- Independent Power Producers (IPP's)
- Global Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market: Generator Power Rating Analysis
- Up to 750 kW
- 750-1000 kW
- 1-2 MW
- 2-3 MW
- 3-5 MW
- 5-10 MW
- Above 10 MW
- Global Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market: Region Analysis
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa
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SOURCE Transparency Market Research