Market Overview:
The global hydrogen cooled turbogenerators 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 power and energy, coupled with the rising concerns over climate change and greenhouse gas emissions. In addition, the growing popularity of hydrogen-powered vehicles is also expected to drive the demand for hydrogen cooled turbogenerators in the coming years. The global hydrogen cooled turbogenerators market can be segmented on the basis of type, application, and region. On the basis of type,the market can be divided into 2-pole generators, 4-pole generators, and other types such as 6-pole or 8-pole generators.
Product Definition:
A hydrogen cooled turbogenerator is a type of gas turbine generator that uses hydrogen as the coolant. The use of hydrogen as a coolant offers several advantages over traditional cooling methods, including improved efficiency and reduced emissions. Hydrogen cooled turbines are becoming increasingly popular due to their ability to reduce costs and emissions while maintaining high levels of efficiency.
2-Poles:
2-Poles, it's usage and growth factor in Hydrogen Cooled Turbogenerators market? 2-Poles, it's usage.
The global 2-poles, it's usage and growth factor in hydrogen cooled turbogenerators (HCT) market size was valued at USD 4.0 billion in 2015.
4-Poles:
The 4- Poles and it's usage in Hydrogen Cooled Turbogenerators market is expected to witness significant growth over the forecast period. The key drivers attributing to the growth of this market are increasing demand for clean energy, stringent environmental regulations, and growing industrialization. Moreover, rising awareness about greenhouse gas emissions is also anticipated to boost the demand for hydrogen cooled turbogenerators (HCTs) over the forecast period.
Application Insights:
The power station segment accounted for the largest market share in 2017 and is projected to witness significant growth over the forecast period. Hydrogen is used as a fuel source in power stations generating electricity by way of steam turbines. The hydrogen produced can be utilized directly in the turbines or can be stored temporarily for use at a later stage.
The marine application segment was valued over USD 1,000 million in 2017 owing to rising demand from ships operating on long voyages particularly across oceans where there is no easy source of supply such as windmills and solar panels on ships would not work due to lack of sunlight and windspeed respectively.
Regional Analysis:
Asia Pacific is expected to be the fastest growing market, with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in emerging economies such as China and India. The region has witnessed significant growth in industries that consume large amounts of power along with an increase in the number of data centers across countries such as China and Japan. These factors are anticipated to drive the demand for HGTs over the forecast period.
The Middle East & Africa accounted for a revenue share of 15.1% in 2017 on account rising government initiatives towards development.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of hydrogen cooled turbogenerators
- Technological advancements that improve the efficiency and performance of hydrogen cooled turbogenerators
- Growing awareness about the benefits of using hydrogen cooled turbogenerators among businesses and consumers
- Reduction in the cost of producing hydrogen cooling systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogen Cooled Turbogenerators Market Research Report
By Type
2-Poles, 4-Poles, Other
By Application
Power Station, Marine, Others
By Companies
Alstom, GE, Siemens, Mitsubishi Hitachi Power Systems, Andritz, BHEL, Harbin Electric, Toshiba, Dongfang Electric, Capstone, Topgas, Power Machines OJSC, Arani, Elliott Group
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogen Cooled Turbogenerators Market Report Segments:
The global Hydrogen Cooled Turbogenerators market is segmented on the basis of:
Types
2-Poles, 4-Poles, Other
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
Power Station, Marine, Others
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:
- Alstom
- GE
- Siemens
- Mitsubishi Hitachi Power Systems
- Andritz
- BHEL
- Harbin Electric
- Toshiba
- Dongfang Electric
- Capstone
- Topgas
- Power Machines OJSC
- Arani
- Elliott Group
Highlights of The Hydrogen Cooled Turbogenerators 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:
- 2-Poles
- 4-Poles
- Other
- By Application:
- Power Station
- Marine
- Others
- 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 Turbogenerators 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 turbogenerators are a type of gas turbine that use hydrogen as the working fluid. They are used to generate electricity from thermal energy.
Some of the major companies in the hydrogen cooled turbogenerators market are Alstom, GE, Siemens, Mitsubishi Hitachi Power Systems, Andritz, BHEL, Harbin Electric, Toshiba, Dongfang Electric, Capstone, Topgas, Power Machines OJSC, Arani, Elliott Group.
The hydrogen cooled turbogenerators market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydrogen Cooled Turbogenerators 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 Turbogenerators 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 Turbogenerators Market - Supply Chain
4.5. Global Hydrogen Cooled Turbogenerators Market Forecast
4.5.1. Hydrogen Cooled Turbogenerators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydrogen Cooled Turbogenerators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydrogen Cooled Turbogenerators Market Absolute $ Opportunity
5. Global Hydrogen Cooled Turbogenerators 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 Turbogenerators Market Size and Volume Forecast by Type
5.3.1. 2-Poles
5.3.2. 4-Poles
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydrogen Cooled Turbogenerators 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 Turbogenerators Market Size and Volume Forecast by Application
6.3.1. Power Station
6.3.2. Marine
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydrogen Cooled Turbogenerators 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 Turbogenerators 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 Turbogenerators 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 Turbogenerators 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 Turbogenerators Demand Share Forecast, 2019-2026
9. North America Hydrogen Cooled Turbogenerators 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 Turbogenerators 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 Turbogenerators Market Size and Volume Forecast by Application
9.4.1. Power Station
9.4.2. Marine
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydrogen Cooled Turbogenerators Market Size and Volume Forecast by Type
9.7.1. 2-Poles
9.7.2. 4-Poles
9.7.3. Other
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 Turbogenerators Demand Share Forecast, 2019-2026
10. Latin America Hydrogen Cooled Turbogenerators 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 Turbogenerators 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 Turbogenerators Market Size and Volume Forecast by Application
10.4.1. Power Station
10.4.2. Marine
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydrogen Cooled Turbogenerators Market Size and Volume Forecast by Type
10.7.1. 2-Poles
10.7.2. 4-Poles
10.7.3. Other
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 Turbogenerators Demand Share Forecast, 2019-2026
11. Europe Hydrogen Cooled Turbogenerators 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 Turbogenerators 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 Turbogenerators Market Size and Volume Forecast by Application
11.4.1. Power Station
11.4.2. Marine
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydrogen Cooled Turbogenerators Market Size and Volume Forecast by Type
11.7.1. 2-Poles
11.7.2. 4-Poles
11.7.3. Other
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 Turbogenerators Demand Share, 2019-2026
12. Asia Pacific Hydrogen Cooled Turbogenerators 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 Turbogenerators 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 Turbogenerators Market Size and Volume Forecast by Application
12.4.1. Power Station
12.4.2. Marine
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydrogen Cooled Turbogenerators Market Size and Volume Forecast by Type
12.7.1. 2-Poles
12.7.2. 4-Poles
12.7.3. Other
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 Turbogenerators Demand Share, 2019-2026
13. Middle East & Africa Hydrogen Cooled Turbogenerators 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 Turbogenerators 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 Turbogenerators Market Size and Volume Forecast by Application
13.4.1. Power Station
13.4.2. Marine
13.4.3. Others
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 Turbogenerators Market Size and Volume Forecast by Type
13.7.1. 2-Poles
13.7.2. 4-Poles
13.7.3. Other
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 Turbogenerators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydrogen Cooled Turbogenerators Market: Market Share Analysis
14.2. Hydrogen Cooled Turbogenerators Distributors and Customers
14.3. Hydrogen Cooled Turbogenerators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alstom
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE
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 Hitachi Power Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Andritz
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BHEL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Harbin Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toshiba
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dongfang Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Capstone
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Topgas
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Power Machines OJSC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Arani
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Elliott Group
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
