Market Overview:
The global flexible power plant market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electricity, rising concerns over climate change, and growing investments in renewable energy sources. Based on type, the global flexible power plant market can be segmented into below 100 MW, 100-500 MW, and above 500 MW plants. The above 500 MW segment is expected to account for the largest share of the market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. Based on fuel type, the global flexible power plant market can be divided into heavy diesel oil-based plants, light diesel oil-based plants LNG-based plants dual fuel-based plants renewable energy- based plants (solar photovoltaic [PV], wind), and others). In 2018, heavy diesel oil is expected to account for the largest share of this market followed by light diesel oil and LNG. However; solar PV is projected grow at highest CAGR during forecast period owing increase in adoption rate across globe . Based on application , government utilities are anticipated accounted for larger share as compared other applications such as independent power producers mining sector etc .
Product Definition:
A Flexible Power Plant is a power plant that can quickly and easily change its output in order to meet the changing needs of the grid. This flexibility is important because it allows the grid to more easily adapt to fluctuations in demand and supply.
By Plant Size:
By plant size, it's usage and growth factor in the flexible power plant market is a study of the technology used to generate power. It also studies the type of fuel used for power generation which includes natural gas, coal and others. The flexibility of plants is determined by their ability to scale up or down according to demand or supply electricity at any time during day or night.
Below 100 MW:
Below 100 MW power plants are used to generate electricity by using moving water. The most common way of generating electricity with the help of below 100 MW is through hydroelectric power plants. Hydroelectricity is the most efficient and cheapest source for energy generation, which has resulted in its increased usage over the past years.
Application Insights:
The application segment is segregated into government utilities, independent power producers, and mining. The government utility application segment accounted for the largest share of over 70% in 2017. Government utilities are primarily involved in providing electricity to end-users through power plants that have a large number of flexible power plants connected to them. These types of projects are designed with a certain load profile so as to meet peak demand at a specific location which aids in reducing overall project costs and also helps avoid unplanned outages by changing the output as per requirement thereby making it highly efficient Flexible Power Plant (FlexPP).
Independent Power Producers (IPPs) use their own resources for generation facilities that produce electricity for sale on the open market. IPP projects generally comprise small modular units or supercritical boilers which can be quickly deployed at remote locations without any major investment required thereby making it highly efficient Flexible Power Plant (FlexPP).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 45% of total revenue in 2017 owing to increasing demand from countries such as China, India, Indonesia, South Korea, and Japan. In addition, rising investments by governments are anticipated to propel growth over the next eight years. For instance; China’s 13th Five-Year Plan (2016 - 2020) has identified renewable power generation as one of its priorities with an aim to reduce carbon emissions and improve air quality standards.
Europe was estimated at USD X billion in 2017 owing high consumption from countries such as Germany and U K.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting renewable energy sources such as solar and wind power
- Rising prices of traditional fuels such as coal, oil, and natural gas
- Advances in technology that make renewable energy sources more efficient and affordable
- Growing concern about climate change and the need to reduce greenhouse gas emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Flexible Power Plant Market Research Report
By Type
By Plant Size, Below 100 MW, 100-500 MW, Above 500MW, By Fuel Type, Heavy Diesel Oil, Light Diesel Oil, LNG, Dual Fuel, Renewable Energy, Others
By Application
Government Utilities, Independent Power Producers, Mining
By Companies
GE Power, Yanmar, MAN Diesel and Turbo, Wartsila Corporation, Cummins, Siemens, Kohler, Beta Marine, COELMO, Kirloskar Oil Engines, DOOSAN Engines, Alstom Power, Eastern Generation, Contour Global, Caterpillar, Mitsubishi Heavy Industry, Niigata Power Systems, Rolls-Royce, Daihatsu Diesel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Flexible Power Plant Market Report Segments:
The global Flexible Power Plant market is segmented on the basis of:
Types
By Plant Size, Below 100 MW, 100-500 MW, Above 500MW, By Fuel Type, Heavy Diesel Oil, Light Diesel Oil, LNG, Dual Fuel, Renewable Energy, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government Utilities, Independent Power Producers, Mining
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Power
- Yanmar
- MAN Diesel and Turbo
- Wartsila Corporation
- Cummins
- Siemens
- Kohler
- Beta Marine
- COELMO
- Kirloskar Oil Engines
- DOOSAN Engines
- Alstom Power
- Eastern Generation
- Contour Global
- Caterpillar
- Mitsubishi Heavy Industry
- Niigata Power Systems
- Rolls-Royce
- Daihatsu Diesel
Highlights of The Flexible Power Plant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Plant Size
- Below 100 MW
- 100-500 MW
- Above 500MW
- By Fuel Type
- Heavy Diesel Oil
- Light Diesel Oil
- LNG
- Dual Fuel
- Renewable Energy
- Others
- By Application:
- Government Utilities
- Independent Power Producers
- Mining
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flexible Power Plant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A flexible power plant is a type of power plant that can change its output to meet the needs of the grid. This allows the plant to ramp up or down its production as needed, which can help stabilize electricity prices.
Some of the major companies in the flexible power plant market are GE Power, Yanmar, MAN Diesel and Turbo, Wartsila Corporation, Cummins, Siemens, Kohler, Beta Marine, COELMO, Kirloskar Oil Engines, DOOSAN Engines, Alstom Power, Eastern Generation, Contour Global, Caterpillar, Mitsubishi Heavy Industry, Niigata Power Systems, Rolls-Royce, Daihatsu Diesel.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flexible Power Plant Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flexible Power Plant Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flexible Power Plant Market - Supply Chain
4.5. Global Flexible Power Plant Market Forecast
4.5.1. Flexible Power Plant Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flexible Power Plant Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flexible Power Plant Market Absolute $ Opportunity
5. Global Flexible Power Plant Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Flexible Power Plant Market Size and Volume Forecast by Type
5.3.1. By Plant Size
5.3.2. Below 100 MW
5.3.3. 100-500 MW
5.3.4. Above 500MW
5.3.5. By Fuel Type
5.3.6. Heavy Diesel Oil
5.3.7. Light Diesel Oil
5.3.8. LNG
5.3.9. Dual Fuel
5.3.10. Renewable Energy
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flexible Power Plant Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Flexible Power Plant Market Size and Volume Forecast by Application
6.3.1. Government Utilities
6.3.2. Independent Power Producers
6.3.3. Mining
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flexible Power Plant Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Flexible Power Plant Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Flexible Power Plant Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Flexible Power Plant Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Flexible Power Plant Demand Share Forecast, 2019-2026
9. North America Flexible Power Plant Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Flexible Power Plant Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Flexible Power Plant Market Size and Volume Forecast by Application
9.4.1. Government Utilities
9.4.2. Independent Power Producers
9.4.3. Mining
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flexible Power Plant Market Size and Volume Forecast by Type
9.7.1. By Plant Size
9.7.2. Below 100 MW
9.7.3. 100-500 MW
9.7.4. Above 500MW
9.7.5. By Fuel Type
9.7.6. Heavy Diesel Oil
9.7.7. Light Diesel Oil
9.7.8. LNG
9.7.9. Dual Fuel
9.7.10. Renewable Energy
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Flexible Power Plant Demand Share Forecast, 2019-2026
10. Latin America Flexible Power Plant Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Flexible Power Plant Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Flexible Power Plant Market Size and Volume Forecast by Application
10.4.1. Government Utilities
10.4.2. Independent Power Producers
10.4.3. Mining
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flexible Power Plant Market Size and Volume Forecast by Type
10.7.1. By Plant Size
10.7.2. Below 100 MW
10.7.3. 100-500 MW
10.7.4. Above 500MW
10.7.5. By Fuel Type
10.7.6. Heavy Diesel Oil
10.7.7. Light Diesel Oil
10.7.8. LNG
10.7.9. Dual Fuel
10.7.10. Renewable Energy
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Flexible Power Plant Demand Share Forecast, 2019-2026
11. Europe Flexible Power Plant Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Flexible Power Plant Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Flexible Power Plant Market Size and Volume Forecast by Application
11.4.1. Government Utilities
11.4.2. Independent Power Producers
11.4.3. Mining
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flexible Power Plant Market Size and Volume Forecast by Type
11.7.1. By Plant Size
11.7.2. Below 100 MW
11.7.3. 100-500 MW
11.7.4. Above 500MW
11.7.5. By Fuel Type
11.7.6. Heavy Diesel Oil
117.7. Light Diesel Oil
11.7.8. LNG
11.7.9. Dual Fuel
11.7.10. Renewable Energy
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Flexible Power Plant Demand Share, 2019-2026
12. Asia Pacific Flexible Power Plant Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Flexible Power Plant Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Flexible Power Plant Market Size and Volume Forecast by Application
12.4.1. Government Utilities
12.4.2. Independent Power Producers
12.4.3. Mining
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flexible Power Plant Market Size and Volume Forecast by Type
12.7.1. By Plant Size
12.7.2. Below 100 MW
12.7.3. 100-500 MW
12.7.4. Above 500MW
12.7.5. By Fuel Type
12.7.6. Heavy Diesel Oil
12.7.7. Light Diesel Oil
12.7.8. LNG
12.7.9. Dual Fuel
12.7.10. Renewable Energy
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Flexible Power Plant Demand Share, 2019-2026
13. Middle East & Africa Flexible Power Plant Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Flexible Power Plant Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Flexible Power Plant Market Size and Volume Forecast by Application
13.4.1. Government Utilities
13.4.2. Independent Power Producers
13.4.3. Mining
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flexible Power Plant Market Size and Volume Forecast by Type
13.7.1. By Plant Size
13.7.2. Below 100 MW
13.7.3. 100-500 MW
13.7.4. Above 500MW
13.7.5. By Fuel Type
13.7.6. Heavy Diesel Oil
13.7.7. Light Diesel Oil
13.7.8. LNG
13.7.9. Dual Fuel
13.7.10. Renewable Energy
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Flexible Power Plant Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flexible Power Plant Market: Market Share Analysis
14.2. Flexible Power Plant Distributors and Customers
14.3. Flexible Power Plant Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Power
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Yanmar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MAN Diesel and Turbo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Wartsila Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cummins
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Siemens
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kohler
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Beta Marine
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COELMO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kirloskar Oil Engines
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DOOSAN Engines
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Alstom Power
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eastern Generation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Contour Global
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Caterpillar
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mitsubishi Heavy Industry
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Niigata Power Systems
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Rolls-Royce
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Daihatsu Diesel
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
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