Global Natural Gas Turbine Market Research Report, Growth Trends and Competitive Analysis in between 2018-2027

With a prime focus on Natural Gas Turbine Market, research analysts of FactMR has publicized a comprehensive study to its online repository. This in-depth study is headlined as “Natural Gas Turbine Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2027” which discusses the historic and current scenario of the global market, along with the future prospects it holds for a 9 year assessment period, 2018-2027. For the benefit of the investors of the report, this research focuses on the drivers and restraints anticipated to impact the demand for Natural Gas Turbine Market in the coming years. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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 Concerns pertaining to global warming has expanded considerably in the past decade and the world has come together to make the paradigm shift off fossil fuel and onto greener alternatives, if not renewable. This factor has given a strong thrust to the exploring and extraction of natural gas, which is turn is stroking the demand for the turbines that serve the purposes.

A number of research and development activities are currently underway to further advance the possibilities with natural gas, and thereby the costs are reducing to make them more affordable for general masses. According to a recent research study from the North Carolina State University, the demand for coal has significantly reduced in the past decade owing to the availability of low cost natural gas. Natural gas turbines have improved significantly too, working as a combustion engines that can serve purpose of converting natural gas into mechanical energy, which can be then used to feed a generator that can transform it into electrical energy. These primarily are indirect systems wherein a heat exchanger is utilized and only cleaner air is passed with no combustion products traveling through the power turbine.

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.

 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.

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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.

Detailed Analysis on Natural Gas Turbine Market

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
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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