Market Overview:
The global hydrogen-cooled turbine generators set market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electricity and rising concerns about climate change.
Product Definition:
A hydrogen-cooled turbine generator set (HTCGS) is a power generation system that uses hydrogen as the primary coolant to transfer heat away from the turbine blades and into the atmosphere. The use of hydrogen allows for significantly higher temperatures and efficiencies when compared with traditional water-cooled systems, making HTCGS a more efficient and reliable option for large scale power generation.
500 MVA is the maximum power that can be delivered by a single-phase AC transmission system. It is used as an upper limit for determining the capacity of HCTG systems. The 500 MVA factor has been applied to determine the maximum size of generators that can be cooled by a GTG with a given set of transformers and switchgear.
500-600 MVA:
500-600 MVA is the power rating of a Hydrogen-Cooled Turbine (HCT) generator set. It is used to represent the maximum power output capacity of HCT sets that are based on gas turbines and use hydrogen as an energy source. The 500-600 MVA range was initially introduced for representing HCT generator sets with a total installed capacity between 50 MW and 200 MW, which were operating at full load in normal conditions.
Application Insights:
The mechanical industry accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The segment will be followed by the electronics industry, which also has a significant share of this market. Other applications include energy storage and transportation among others. Increasing demand for HCTs from various industries including chemical, power generation, oil & gas are expected to drive this market over the forecast period.
Hydrogen-cooled turbines find application in large power plants with an installed capacity of more than 300 MVA as they offer several advantages such as high efficiency along with low maintenance costs when compared to other conventional fossil fuel-based or nuclear plant solutions at comparable capacities.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a revenue share of over 35% in 2017 and is anticipated to continue its dominance till 2030. This can be attributed to increasing adoption of HGTGs in emerging economies, such as China and India, which are among the largest markets globally. Furthermore, rising demand for clean energy owing to rapid industrialization and growing population will drive growth further.
Europe was valued at USD X million in 2017 owing to high penetration rates of hydropower plants across countries such as Norway (with a capacity factor rate of 532 GWh per year) and Sweden (capacity factor rate 536 GWh per year). Moreover, presence of favorable government policies aimed at reducing carbon footprint by replacing existing coal-based power generation facilities with H2GTTGs will augment market growth during the forecast period.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government policies and regulations supporting the use of hydrogen-cooled turbine generators sets
- Development of new technologies that improve the efficiency and performance of hydrogen-cooled turbine generators sets
- Reduction in the cost of hydrogen fuel production
- Growing demand for renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogen-Cooled Turbine Generators Set Market Research Report
By Type
<500 MVA, 500-600 MVA, 600-700 MVA, >700 MVA
By Application
Mechanical Industry, Electronics Industry, Other
By Companies
GE, Alstom, Siemens, Mitsubishi, Hitachi
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogen-Cooled Turbine Generators Set Market Report Segments:
The global Hydrogen-Cooled Turbine Generators Set market is segmented on the basis of:
Types
<500 MVA, 500-600 MVA, 600-700 MVA, >700 MVA
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
Mechanical Industry, Electronics Industry, Other
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
- Alstom
- Siemens
- Mitsubishi
- Hitachi
Highlights of The Hydrogen-Cooled Turbine Generators Set 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:
- <500 MVA
- 500-600 MVA
- 600-700 MVA
- >700 MVA
- By Application:
- Mechanical Industry
- Electronics Industry
- Other
- 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 Hydrogen-Cooled Turbine Generators Set 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?
Hydrogen-cooled turbine generators set are used to generate electricity from water. The generators use a coolant, typically hydrogen gas, to spin an electric generator.
Some of the major companies in the hydrogen-cooled turbine generators set market are GE, Alstom, Siemens, Mitsubishi, Hitachi.
The hydrogen-cooled turbine generators set market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydrogen-Cooled Turbine Generators Set 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. Hydrogen-Cooled Turbine Generators Set Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydrogen-Cooled Turbine Generators Set Market - Supply Chain
4.5. Global Hydrogen-Cooled Turbine Generators Set Market Forecast
4.5.1. Hydrogen-Cooled Turbine Generators Set Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydrogen-Cooled Turbine Generators Set Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydrogen-Cooled Turbine Generators Set Market Absolute $ Opportunity
5. Global Hydrogen-Cooled Turbine Generators Set 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. Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Type
5.3.1. <500 MVA
5.3.2. 500-600 MVA
5.3.3. 600-700 MVA
5.3.4. >700 MVA
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydrogen-Cooled Turbine Generators Set 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. Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Application
6.3.1. Mechanical Industry
6.3.2. Electronics Industry
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydrogen-Cooled Turbine Generators Set 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. Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set 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. Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set Demand Share Forecast, 2019-2026
9. North America Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Application
9.4.1. Mechanical Industry
9.4.2. Electronics Industry
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Type
9.7.1. <500 MVA
9.7.2. 500-600 MVA
9.7.3. 600-700 MVA
9.7.4. >700 MVA
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 Hydrogen-Cooled Turbine Generators Set Demand Share Forecast, 2019-2026
10. Latin America Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Application
10.4.1. Mechanical Industry
10.4.2. Electronics Industry
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Type
10.7.1. <500 MVA
10.7.2. 500-600 MVA
10.7.3. 600-700 MVA
10.7.4. >700 MVA
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 Hydrogen-Cooled Turbine Generators Set Demand Share Forecast, 2019-2026
11. Europe Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Application
11.4.1. Mechanical Industry
11.4.2. Electronics Industry
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Type
11.7.1. <500 MVA
11.7.2. 500-600 MVA
11.7.3. 600-700 MVA
11.7.4. >700 MVA
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 Hydrogen-Cooled Turbine Generators Set Demand Share, 2019-2026
12. Asia Pacific Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Application
12.4.1. Mechanical Industry
12.4.2. Electronics Industry
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Type
12.7.1. <500 MVA
12.7.2. 500-600 MVA
12.7.3. 600-700 MVA
12.7.4. >700 MVA
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 Hydrogen-Cooled Turbine Generators Set Demand Share, 2019-2026
13. Middle East & Africa Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set 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 Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Application
13.4.1. Mechanical Industry
13.4.2. Electronics Industry
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydrogen-Cooled Turbine Generators Set Market Size and Volume Forecast by Type
13.7.1. <500 MVA
13.7.2. 500-600 MVA
13.7.3. 600-700 MVA
13.7.4. >700 MVA
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 Hydrogen-Cooled Turbine Generators Set Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydrogen-Cooled Turbine Generators Set Market: Market Share Analysis
14.2. Hydrogen-Cooled Turbine Generators Set Distributors and Customers
14.3. Hydrogen-Cooled Turbine Generators Set Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alstom
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook