Sunday, 10 January 2016

Hybrid Power Generation Market Growth and Forecast 2015 - 2023


A new market research report by Transparency Market Research, titled “Hybrid Power Generation Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2015 - 2023”, offers a comprehensive overview of the global hybrid power generation market. The report analyzes the key factors determining the growth of the market and estimates the valuation of the market during the period between 2015 and 2023. The global hybrid power generation market has been studied on the basis of combination of equipment and feedstock. The report further profiles some of the key players operating in the market.

In-depth research report on Hybrid Power Generation Market with Full TOC at : http://www.transparencymarketresearch.com/hybrid-power-generation-market.html

Advancements in hybrid configurations have boosted the global hybrid power generation market. The strategic and intelligent use of hybrid systems lowers fuel consumption significantly and reduces greenhouse gases emission significantly. The high quality of exhaust heat from such generators can also be utilized for heating purposes. Hybrid power plants are usually used for providing electricity grid relief and power supply during peak consumption hours. Technological advancements have made it possible to utilize hybrid power plants for supplying base loads. The overall market has a huge opportunity to grow with coal bed methane and shale gas being considered as valuable sources of energy. However, increasing cost of oil and natural gas as well as surging prices of renewable capture components such as solar panels will restrain the growth of the market.

The report studies the global hybrid power generation market on the basis of combination of equipment used to generate energy and the type of feedstock consumed for generating power. Hybrid turbines for electricity generation utilize combination of equipment such as diesel generators combined with wind-generated energy. Regarding consumption of feedstock, fuel oil, natural gas, kerosene, and diesel are considered as fossil fuels whereas solar energy and wind energy are classified as renewable. With growing concerns for greenhouse emissions, the demand for renewable feedstock will surge during the forecast period.

The report studies the global hybrid power generation market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. In Asia Pacific, China is the emerging as the key energy consumer and is propelling the growth of the hybrid power generation market in the region. In Japan, after the disaster at the Fukushima nuclear power plant, the government has started replacing nuclear generation with natural gas-based hybrid generation. In the OECD countries, the majority of thermal generation comes from hybrid power generation plants. Such power plants are used extensively across Middle East, North America, and Europe.

Discussing the competitive landscape, the report profiles some of the key players operating in the global hybrid power generation market such as NYE Thermodynamics Corporation, Doosan Heavy Industries & Construction Co. Ltd., Siemens AG, Mitsubishi Power Systems Europe Ltd., and MJB International.
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