Global Natural Gas Turbine Market Assessment and Revenue Gains of Key Players Forecasted during 2018 to 2027 | Key Regions Analysis- North America (U.S., Canada), Latin America (Mexico. Brazil), Western Europe (Germany, Italy, France, U.K, Spain), Eastern

A recent Fact.MR report delivers valuable insights on current and future prospects of the global natural gas turbine market for the period of forecast (2018-2027). An all-inclusive research study has been propounded by the report on natural gas turbine, along with detailed analysis and forecast on the market. Key research findings from the report focus at enhancing the undertakings of prominent market players, so as to enable them in devising their future business decisions.

Evolution of the natural gas turbines has always been in tandem with the market dynamics. With power producers shifting toward natural gas as the fuel of choice, gas turbine manufacturers have taken efforts to keep pace, catering to imperative generator requirements such as reliability and reduced carbon emissions.

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Global Natural Gas Turbine Market: R&D Investments to Surge

In order to boost the procedure of new product cycles, while seeking improvements in design, efficiency and performance of their products, manufacturers in the natural gas turbine market are focusing on making R&D investments. For example, researchers from B&B Agema, and Kawasaki Heavy Industries (KHI) have collaborated for an R&D initiative dedicated toward a novel design approach, which would increase temperatures at high-pressure natural gas turbine stage inlet and the combustor exit.

The research aims at boosting efficiency without putting much strain on blades and vanes, considering the fact that temperature of modern turbine stage inlet exceed melting points of the turbine blade materials. As the natural gas turbine market perceives consolidation, R&D initiatives will gain more emphasis among manufacturers. As noted in November announcement of Siemens, global natural gas turbine producers possess the capability to manufacture 400 large units with capacity of over 100 MW.

However, current demand is nearly 110 large units annually, which in turn will intensify the competition in the global market for natural gas turbines. Despite low demand, opportunities prevail for advancements in natural gas turbine technology on several levels ranging from technology & rating capacity to design & application. This has further rubbed off on R&D activities in the global natural gas turbine market.

Proliferation of Aero-Derivative Technology to Fuel Upgrades in Natural Gas Turbine Efficiency

Over the years, design engineers have transferred aircraft engine technology to the ground-based units, also called aero-derivative technology, which implies a leap ahead in power production. The technology has further deemed as a key for the generation of combined heat and power (CHP).

The aero-derivative units have currently become essential for balancing integration of the variable power sources, including wind and solar, into the electricity grid. With aero-derivative paving new market possibilities, advancements in turbines for natural gas-fired power production are fuelling efficiency upgrades at a rapid pace. Several upgrades have been introduced over the past few years from leading manufacturers such as GE Power, Siemens, Ansaldo Energia, and Mitsubishi Hitachi Power Systems (MHPS).

GE Power has launched its largest gas turbine (9HA), which is currently available at a 64% net efficiency in December, 2017. The company claims its new innovation to be the most advanced and efficient natural gas turbine technology till date.

Global Natural Gas Turbine Market: Growing Emphasis on Reduced Emissions

A key challenge backing up the intermittent power generation with gas is significant increase in emissions, which is attributed to several factors such as high level of NOx and Co emissions by operating gas turbine at low loads. Rapid changes in the turbine output are linked with disruption of equilibrium between the selective catalytic reduction and fuel.

Additional pilot fuel needed during the load alterations further results into increased NOx emissions. Moreover, maintaining accurate ammonia injection level in SCR is more challenges when the turbine load is changing. In a bid to curtail emission challenges, fast ignition turbine technology, imperative for combined cycle plants to initiate & ramp, while responding to grid fluctuations, is a key attribute of R&D efforts currently.

Major turbine manufacturers such as Siemens have recently introduced a fast-starting plant technology, which is designed to address emission-related problems. A prime example of such technology is Siemens Flex-Plant employed at Lodi Energy Center, California. Improvements in design of heat recovery steam generator (HRSG) enable fast start up of such plants, and eliminate low load holds, thereby reducing emissions.

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Detailed Analysis on Natural Gas Turbine Market

Essential elements associated with production, utilization, and application of natural gas turbine have been identified and analyzed in this report. Information from various industry knowledge databases, and authentic trade surveys has been procured, collated, and repurposed for improving accuracy of the forecasts on the global natural gas turbine market.

From supply chain attributes to viability of different materials used, the report has widely included manufacturing concerns apropos natural gas turbine. The data gathered has then been substantiated, and trends affecting the market have been elucidated to understand influence of subjective undercurrents on the overall market growth.

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

• Market Dynamics
• Market Size
• Market Segments
• Demand & Supply Trends
• Current Issues and Challenges
• Companies and Competitor Landscape
• Value Chain
• Technology

Regional Segments Analyzed Include
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report
• Elaborated scenario of the parent market
• Transformations in the market dynamics
• Detailed segmentation of the target market
• Historical, current and forecast market size based on value and volume
• Latest industry developments and trends
• Competition landscape
• Strategies adopted by the market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on performance of the market
• Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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