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Flexible Power Plant Market Growth and Forecast 2016 - 2023

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
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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
Complete Report Flexible Power Plant Market with TOC :
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 reelectrification 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.
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
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
This 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 indepth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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