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Once Through Steam Generators (OTSG) is used by power plants and a host of other commercial or industrial centers to improve heat from a gas turbine exhaust stream. The steam generated by OTSG can be used in a variety of applications. For example, it can be used to obtain electricity by a steam turbine generator or it can be used for greenhouses and as a source for processing heat in an industrial plant. During the forecast period 2019-2026, the global OTSG market is expected to grow at a CAGR of around 5 percent.Full Report : http://www.briskinsights.com/report/once-through-steam-generators-market
The rise in power demand is boosting the additional renewable energy capacity that has resulted in increasing global adoption of Once Through Steam Generator. According to the International Energy Agency, electricity consumption is estimated to rise by around 40 percent from 2016 to 2040. Thus, the demand for electricity around the globe is also expected to rise by 2040. China is projected to account for the highest demand for electricity by 2040, with electricity demand remaining at 5,320 TWh (Terawatt-hour) in 2016, which would further increase to 9,230 TWh by 2040. Moreover, as in the U.S. Department of Energy, U.S. demand for electricity is expected to grow by around 40 percent by 2030. The rise in power demand is expected to encourage the U.S. government to switch to renewable and cleaner power sources and thus boost the growth of the global OTSG market.
OTSG offers easier installation, lower shipping costs, dry run capability, less ongoing maintenance and reduced benefits from fiscal plant needs for a combined cycle power generation. The rapid increase in world population and industrialization is expected to increase the demand for power exponentially and thus encourage governments worldwide to readily adopt renewable energy sources for power generation and thus boost the global growth of the OTSG market.
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Increasing demand for clean energy production and global warming drives the market in many developing and developed economies, creating new opportunities for OTSG market growth. On 12 December 2015, 175 countries signed the "Paris Agreement," which aimed to reduce global CO2 emissions by 28 percent by the end of 2025. Their generation of electricity holds a significant percentage of total CO2 emissions. Thus, government authorities have presented various regulations and standards to manage the electricity system efficiently, thereby reducing the carbon footprint. For example, according to the Carbon Brief Organization, in 2016-2017 global carbon dioxide emissions increased by approximately 1.5 percent.
Some of the country initiatives aimed at efficient energy management are listed below. For example, the 2007 Energy Independence and Security Act, originally called the Clean Energy Act 2007, looked forward to delivering energy efficiency across the grid network through the deployment of the latest smart technologies across the U.S. In addition, the Energy Efficiency Directive has established a set of binding rules for European Union countries to use energy more efficiently at all stages of the energy chain (production to consumption). The directive also aims at achieving 20 percent energy efficiency by 2020.
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Some of the major players of the market are Nooter Eriksen (United States), Wuxi Huaguang (China), Alstom Power (France), CMI Energy(United States), Doosan E&C (South Korea), NEM Energy (Netherlands), VOGT Power(United States), Mitsubishi(Japan), Babcock & Wilcox (United States), Foster Wheeler (United Kingdom), and others.
ToC:
1. Preface
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2. Executive Summary
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3. Market Dynamics
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4. Global Once Through Steam Generators Market, by Type
4.1. Overview
4.2. 0-60 MW
4.3. 60-100 MW
4.4. 100 MW & Above
5. Global Once Through Steam Generators Market, by Application
5.1. Overview
5.2. Co-generation
5.3. Combined Cycle
5.4. Combined Heat & Power (CHP)
6. North America Once Through Steam Generators Market Analysis
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7. Europe Once Through Steam Generators Market Analysis
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8. Asia Pacific Once Through Steam Generators Market Analysis
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9. Rest of the World Once Through Steam Generators Market Analysis
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10. Company Profiles
10.1. Nooter Eriksen (United States)
10.2. Wuxi Huaguang (China)
10.3. Alstom Power (France)
10.4. CMI Energy(United States)
10.5. Doosan E&C (South Korea)
10.6. NEM Energy (Netherlands)
10.7. VOGT Power (United States)
10.8. Mitsubishi (Japan)
10.9. Babcock & Wilcox (United States)
10.10. Foster Wheeler (United Kingdom)
........................toc continued
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