Flexible Power Plants Powered by Medium Speed Generators (300-1200 Rpm) Market to Grow at over 4% CAGR Through 2025
The global flexible power plant powered by medium speed generators market held a total volume of 5,779.6 MW in 2016 and is likely to rise to a volume of 7,901.5 by 2025 at a solid 4% CAGR.
Albany, NY -- (SBWire) -- 10/06/2017 --A report "Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been added into the repository of "Market Research Reports Search Engine" provides 360 degree view of flexible power plant market including market forecast from 2017 to 2025. As the report name indicates, it contains in-depth global analysis for flexible power plants powered by medium speed generators (300-1200 rpm) analysis, opportunity assessment and forecast for the period 2017 to 2027.
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The report on flexible power plants focuses on analysis of past trends, understand existing market and estimate future prospects. The report begins with market definition, market segmentation, executive summary followed by market overview. Executive summary is a section that summarizes the entire report for readers to have basic understanding of content provided. The section market overview focuses on key market indicators, market drivers, restraints in the market, opportunities available, market trends including industry outlook, porter's five force analysis, value chain analysis with list of key plant suppliers / manufacturers/generator set suppliers/customers etc., and SWOT analysis.
Further the report analysis the market and divides it into segments which are generator fuel type segment, plant size segment, application segment, power rating, region and competition analysis.
According to the report, flexible power plants powered by medium speed generators (300-1200 rpm) are capable of adjusting to the continuous changing environment. There is always a continuous pressure of balancing demand and supply or positioning of transmission resources over a period of years. Flexible power plants primarily deals with the challenges such as uncertainty and fluctuations in fuel prices, fast deployment need for variable generation plants, consumer adapting to new technologies and ongoing changes in policies and procedures of system.
As the reliance over coal power generation decreases, the flexible power plants powered by medium speed generators (300 rpm to 1200 rpm) gain traction and so are the flexible power plants functioning on dual fuel as well as renewable engines.
According to the report, in 2016, the global flexible power plant powered by medium speed generators market recorded 5,779.6 MW by volume and it is estimated that by 2025, it will reach to 7,901.5 by volume with a CAGR of 4%.
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Further, the report has divided flexible power plant market into two type of fuels as heavy diesel and other fuels. The segment other fuels includes dual fuel setups, renewable energy, light diesel oil and LNG. Other fuel types had a major share in the global flexible power plant powered by medium speed generators (300-1200 rpm) market due to the growing environmental regulations about emissions. In 2016, other fuel types recorded about 79% of volume for the global flexible power plant powered by medium speed generators (300-1200 rpm) market.
Additionally, the market share of other fuel types segment is predicted to grow at a significant rate during the forecast period as they become environment-friendly more compared to heavy diesel oil.
The report discusses that in 2016 Asia Pacific had a dominant share in the global flexible power plant powered by medium speed generators (300-1200 rpm) market due to the rising demand for stable power and the region was followed by Middle East and Africa. In 2016, Asia Pacific market was at 1347.9 MW in terms of value and is estimated to grow at a considerable rate of 3.5% during the period 2017 to 2027.
The major companies operating in the market are Contour Global, Yanmar Co. Ltd., Kirloskar Oil Engines Ltd., Doosan Engine, Rolls Royce, GE Power, Kohler Co., Daihatsu Diesel Mfg. Co. Ltd., Cummins, Caterpillar, MAN Diesel & Turbo and Wartsila Corporation.
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