Global Power Generation Market Outlook, Opportunities And Strategies – Includes Power Generation Market Size
Learn about the global power generation market through The Business Research Company, which provides information on power generation market size, power generation market drivers and restraints, power generation market players, the COVID-19 impact on the power generation market, and more.
The power generation market is expected to grow from $1.61 trillion in 2021 to $2.46 trillion in 2026 at a rate of 8.8%. The global power generation market size is then expected to grow at a CAGR of 10.1% from 2026 and reach $3.98 trillion in 2031.
The increasing applications of electricity in the transportation industry are expected to increase the demand for electricity, thus driving the demand for power generation services.
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The power generation market consists of sales of electric power by entities (organizations, sole traders and partnerships) that operate electric power generation facilities. These facilities generate electric power using various forms of energy, such as fossil fuels, nuclear, solar, wind and water. The establishments in this industry produce electrical energy and provide electricity to electric power transmission and distribution systems.
Global power generation market segments include:
By Type: Hydroelectricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity
By End-User: Industrial, Commercial, Residential, Transportation
By Source Of Energy: Conventional/Non-Renewable Source, Renewable Source
By Type Of Grid: Off Grid, On Grid
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the power generation market, accounting for 48.5% of the global market in 2021
Digital technologies are increasingly making their way into the Power generation industry. Digital technologies such as smart grids, sensors and smart meters provide companies and customers with more accurate and real-time accounts of power usage. These technologies help improve productivity, efficiency, safety, compliance and reliability in power generation, which results in better asset management, planning, execution, and a faster level of service with higher customer satisfaction.
Major Market Players: Enel SpA, Electricite De France SA, State Power Investment Corporation, E.ON SE, Engie
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Power Generation Market Report 2022 is one of a series of new reports from The Business Research Company that provides power generation market overviews, analyzes and forecasts market size, share, power generation market players, power generation market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s power generation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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