The
global power plants continue to grow and reached a record high in
2011 while renewable energy power plant dominates followed by gas
power plant and coal power plant. There is climatic change pathway
due to emission of CO2 from them. To meet the need of dynamic global
market, efficient and flexible power plants are required. Renewable
sources are on the depletion phase with the majority of new
installation being wind and solar. This increases the need for
flexibility and back up in other resources. Demand has always been
variable and hence flexibility requirement have always existed. Power
plant requires flexibility to gain optimization. Upcoming power
plants should impart features like less environmental impact, low
generation cost, optimal plant sizing and agility of dispatch
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Renewable
power plant need strong transmission infrastructure. Combined cycle
power plant provides higher efficiency, optimized set up and
efficient shutdown operation. Steam power plants involve change in
design for becoming a flexible power plant. Storage in combination
with fossil power plant is other dimension for flexibility. If
existing power plants are able to capture and use hydrogen produced
during their operation or opt for re-electrification can gain
flexibility. Thermal storage is other technology where existing
components are used. To enhance flexibility, storage applications act
as an innovative approach.
In
recent years, Asia-Pacific region has emerged as a strong driver of
worldwide economic activity, which is expected to lead to continuous
growth in power demand. Significant amounts of generating capacity
are coming to the end of their economic life and need to be replaced.
Coal power plant as coal market is still expanding in China. Majority
of new coal power plant are set up in China. Efficiency upgrades for
those plants remain interesting from an economic and environmental
point of view. In China, share of electricity generated from wind and
hydro power plants have increased. Today it is more than that of coal
power plants. Energy revolution towards gas and renewable, from coal
and nuclear has started on global level. Construction of nuclear and
coal fired power plants in Thailand and Indonesia are facing lot of
resistance from people. Potential for wind and solar power is quite
restricted, leaving only hydro and biomass as potential for large
scale renewable power plants. Gas fired power generation will play an
even larger role in securing the energy supply of the region.
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Korea
is currently in the process of upgrading its power generation
infrastructure with the latest generation of combined cycle power
plants. Japan has recently signed long term supply agreements for LNG
and is expected to upgrade its generation facilities to the newest
technology. USA and Europe have little share of coal power plant
market. Europe installed number of new photovoltaic power plants. In
North America, wind power plants are well established but solar power
plants are yet on the development path and recently started
penetrating the market. In Europe coal and nuclear power plants have
been set up but the share of solar and photovoltaic is on budding
phase. Europe needs to focus on new power plants as existing ones are
aged and less efficient. Many utilities are replacing or planning to
replace coal plants with new, highly efficient natural gas-fired
combined-cycle power plants.
Smart
power generation is a new concept characterized by a unique
combination of extreme operational flexibility, fuel flexibility, and
high operational efficiency. These capabilities enable a new approach
to power system and also allowing for the integration of vast amounts
of new wind and solar capacity.
Siemens
AG, Alstom Power, Ansaldo Energia s. p. a service are some of the
major players in this market.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
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report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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