Research Nester published a report titled “Flexible Power Plants Powered by Medium Speed Generators (300-1200 rpm) Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalflexible power plants powered by medium speed generators (300-1200 rpm) market in terms of market segmentation by generator fuel type, plant size, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global flexible power plants powered by medium speed generators (300-1200 rpm) plant market is estimated to occupy a large revenue by growing at a CAGR of ~4% during the forecast period, i.e., 2022 – 2030, owing to the escalating requirement to reduce reliance on coal to generate power, rising concerns to reduce carbon emissions and growing demand for distributed power generation technologies. Apart from these, increasing electricity demand globally is also expected to drive market growth in the coming years.
The global flexible power plants powered by medium speed generators (300-1200 rpm) plant market is segmented by generator fuel type, plant size and end user. Based on generator fuel type, the segment for LNG is anticipated to witness the highest growth during the forecast period on the back of its eco-friendliness as compared to heavy diesel oil which is popularly used in flexible power plants. Additionally, by end user, the independent power producers’ segment is projected to grab the largest share over the forecast period ascribing to the rise in power demand from off-grid customers.
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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific region is evaluated to grab the largest share in the market during the forecast period attributing to the rising demand for stable and continuous power, and surge in upgradation of power infrastructure in China and India.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
High Requirement to Reduce Dependence on Coal for Power Generation to Drive Market Growth
Most of the energy in the world is generated from coal. Burning fossil fuels is linked to causing atmospheric pollution, release of harmful toxins into the air, and most importantly global warming. In addition, it also leads to several serious health problems. Therefore, governments all around the world are focusing to reduce dependency on coal, which in turn is evaluated to drive market growth in the near future.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, short term problems caused by the minimum power output of power plants is expected to operate as key restraint to the growth of the global flexible power plants powered by medium speed generators (300-1200 rpm) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global flexible power plants powered by medium speed generators (300-1200 rpm) market which includes company profiling of Daihatsu Diesel Mfg. Co. Ltd., Wartsila Corporation, MAN Energy Solutions SE, Caterpillar Inc., Kohler Co., Cummins Inc., Kirloskar Oil Engines Ltd., Yanmar Co., Ltd., General Electric Company, Doosan Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global flexible power plants powered by medium speed generators (300-1200 rpm) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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