Albany, NY -- (SBWIRE) -- 10/03/2017 -- Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) have the ability to balance demand and supply in power generation for a period of number of years. It can even deploy new generation and transmission resources. These power plants have the ability to adapt to changing conditions. Population has been increasing exponentially across the globe which has led to rise in industrial and commercial activities. The developing regions especially in Asia Pacific, Middle East and Africa and Latin America have a huge demand for power for their countries to be energy secure and sustain for the future growth. Thus, the demand for power (in the form of electricity) has been rising constantly owing to the rapid industrialization and urbanization. However, production of electricity has not kept pace with the rise in demand for power across the globe.
This offers opportunities for flexible power plants to bridge the gap between power generation and consumption. Many residential users install generators due to the lack of utility-scale power or inconsistent power supply. Commercial and industrial users install generator sets to ensure steady power supply in case of inconsistent or lack of on-grid power supply. Thus, increase in demand for power across the globe has boosted the sales of generator sets employed in flexible power plants running on diesel fuel, renewables, and natural gas. These generator sets are capable of running on dual fuels for peak and base power generation.
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Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players' product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants' insights, and recognizing business opportunities
Secondary research sources which were typically referred to include but are not limited to: company websites, annual reports, financial reports, internal and external proprietary databases as well as relevant patent and regulatory database, national government documents, statistical databases, market reports, news articles, press releases, industry magazines, webcasts specific to companies operating in the market, and regulatory databases such as ICIS, Hoover's, Factiva and Bloomberg, national government documents, statistical databases, and webcasts specific to companies operating in the Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. Primary and secondary research were conducted to understand and arrive at trends, which were employed to carry out forecasts for the Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) market. These help validate and strengthen secondary research findings. These also help develop the analysis, team's expertise and market understanding.
Global Flexible Power Plant Market: Competitive Dynamics
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: Generator Fuel Type Analysis
- Heavy Diesel Oil
- Other Fuels
- Light Diesel Oil
- Dual Fuel
- Renewable Energy
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