Transparency Market Research in its new report titled, “Hydrogen-cooled Turbine Generator Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the hydrogen-cooled turbine generator market. The TMR report states that the Rise in industrialization and rapid population growth have resulted in increase in investments in electricity generation technologies which will further boost the hydrogen-cooled turbine generator market during the forecast period i.e, 2018-2026. Power is an important requirement for sustainable growth all over the globe. Several countries have initiated the installation of power plants in order to cater to the increasing demand for energy. High capacity power plants are utilized for generation of electricity as an alternative to fossil fuels. In these power plants, hydrogen-cooled turbine generators are used for the distribution, conversion, production, and efficient usage of electricity worldwide, says the report.
The TMR report has split the hydrogen-cooled turbine generator market based on type, capacity, end-user industry, and region. A turbine generator is equipment that is installed in hydrocarbon-fuelled power plants and other renewable plants. In terms of type, the hydrogen- cooled turbine generator market is segmented into gas/steam turbine generator, solar turbine generator, and hydro turbine turbo generator, and others. Gas turbine turbo generator is a turbine that is considered to be the smallest class of turbo generators. Gas turbine generators are mainly used for their efficient burning of gaseous fuels. Steam turbine generators are much larger in size as compared to gas turbo generators. The steam is generated by using nuclear, coal, or geothermal energy. They generate high and efficient amount of electrical power. Hydro turbine generators are considered to be traditional turbine generators, and they function on hydro power. Energy is acquired from moving water, which is used in many hydro-electric power plants. In terms of capacity, the hydrogen-cooled turbine generator market can be classified into upto 200 MVA, 201-500 MVA, and above 500 MVA. On the basis end-user industry, the market is segregated into coal power plant, nuclear power plant, natural gas power plant, shipping, and others.
On the basis of region, countries in Asia Pacific such as India, Japan, China, and Singapore are emerging countries of the hydrogen cooled turbine generators markets due to rapid urbanization and industrialization in these countries. Countries in Europe such as the U.K., Germany, and France have witnessed a high demand for turbo generators due to the environmentally friendly energy norms imposed by the government of these countries. Demand for hydrogen-cooled turbine generators is increasing significantly in North America as they offer an alternative energy source to oil & gas. Subsidies are offered by governments in order to curb environmental pollution. Countries in Africa and Latin America are recovering from an economic slowdown, and the hydrogen-cooled turbine generator market in these countries is expected to expand during the forecast period, as per the report. Major players operating in the hydrogen cooled turbine generator market are profiled in this report to give a better competitive analysis and these include Suzlon Energy Ltd., GE, Inc., Mitsubishi Hitachi Power Systems, Suzlon Energy Ltd, BHEL, and Siemens AG.
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