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The Natural Gas Power Generation Technologies Market Outlook : Market overview, capacity, generation, new developments and the future outlook
Market Study
Published: August 2010
Pages: 116
Tables: 42
From: GBP 1982.00 Buy Now!
Research from: Business Insights
Sector: Oil & Gas
Natural gas is the cleanest fossil fuel, therefore being highly preferred for electricity generation across the globe. The carbon emissions by natural gas are almost half when compared to coal. The use of natural gas for world electricity generation has grown at CAGR of 6.2% from 2002-07, highest among all fossil fuels. Current natural gas-based power generation technologies are capable to deliver better efficiencies as compared to coal based power generation technologies. Natural gas-based power generation technologies are available to cater range of power generation requirements including different loads (intermediate and peak) and different usages (stationary, backup, and distributed). Natural gas combined cycle (NGCC) is the most prominent natural gas-based power generation technology. It is capable to deliver a net operating efficiency close to 60%. There are more than 1,000 NGCC plants operating across globe and leading NGCC manufacturers are developing the next generation NGCC technology capable to deliver the net operating efficiency of more than 60%. Natural gas fuel cell (NGFC) is an upcoming technology and mostly being implemented in portable and non-stationary usages. NGFC for stationary use is expensive as the installation cost ranges from $7,000-8,000 per kW. The report provides insight on natural gas-based power generation technologies, recent developments and outlook. The report also highlights the use of natural gas as electricity source in major economies.