Hydrogen-cooled Turbine Generator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028

Turbine generators are also known as turbo generators. They are turbine-driven generators. A turbine generator is a system that converts mechanical energy into electrical energy. Turbine generators can create electricity using mechanical energy from many different sources: wind, water, steam, fossil fuels. Even a human can supply the force needed to produce electricity from a turbine generator.

Numerous air-cooled, water hydrogen-cooled, and hydrogen-cooled turbine generators are available in the market. Hydrogen-cooled turbine generators use hydrogen gas as coolant. Hydrogen gas has a high thermal conductivity and other favorable properties, which makes hydrogen cooled turbine generators the most common type of turbine generators utilized in several end-user industries.

Rise in industrialization and rapid population growth have resulted in increase in investments in electricity generation technologies. 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.

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The hydrogen-cooled turbine generator market can be segmented 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. Based on type, the hydrogen- cooled turbine generator market can be 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. Based on end-user industry, the market can be segmented into coal power plant, nuclear power plant, natural gas power plant, shipping, and others.

Hydrogen gas utilized in turbine generators as a coolant is more effective when compared to air- cooled turbine generators. This is a major driver of the hydrogen-cooled turbine generator market. Advancements and technological inventions are leading to a reduction in manufacturing costs. Environmental litigations and government subsidies are granted to curb environmental pollution. Apart from turbines, turbo generators are also used in isolated networks and generator starters. Furthermore, turbo generators are primarily used as a standby and also as an emergency source of power.

High cost of hydrogen gas and high capital expenditure are expected to be major restraints of the hydrogen-cooled turbine generator market. Generation of energy is still dependent on fossilized fuels such as coal and oil & gas. Safety of the crew needs to be considered during installation of turbo generators. Maintenance cost of turbo generators is high.

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In terms 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 likely to expand during the forecast period.

Key players operating in the hydrogen cooled turbine generator market are Suzlon Energy Ltd., GE, Inc., Mitsubishi Hitachi Power Systems, Suzlon Energy Ltd, BHEL, and Siemens AG.

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Companies in the Hydrogen-cooled Turbine Generator market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.

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