In the current industrial landscape, environment policies and growing demand for greener power generation alternatives is the need of the hour. Further, provisions are in place to reduce dependency on fossil fuels for power generation and increase adoption of environment-friendly alternatives such as natural gas. In addition, several power generation companies are focusing on curbing global warming by reducing their environmental footprint by implementing research and development activities. All these factors combined are fueling the growth of the natural gas turbine market.
Request 100 Page Sample Report Now at https://www.factmr.com/connectus/sample?flag=S&rep_id=669
At present, technological and product innovations are likely to influence the growth of the natural gas turbine market as major players are investing in restructuring initiatives to reduce costs and offer efficient solutions. In addition, modernization of old facilities that were developed two to three decades ago is likely to drive the demand for natural gas turbines in the coming years. The demand for energy-efficient and cost-effective power generation solutions are likely to create lucrative market opportunities for established and emerging market players in the natural gas turbine market.
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.
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.
Access Research Methodology Prepared By Experts at https://www.factmr.com/connectus/sample?flag=RM&rep_id=669
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.
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
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
Request Customized Report As Per Your Requirements at https://www.factmr.com/connectus/sample?flag=RC&rep_id=669
Why Choose Fact.MR?
Data collected from reliable and credible primary and secondary sources
Latest analytical and market research tools utilized to curate reports
Successfully delivered customized reports to clients across various industrial verticals
24/7 customer service
Focus on curating high-quality and insightful market studies