Power Generation Market Growth Analysis And Indications – Includes Power Generation Market Trends
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Major players in the power generation market include Enel SpA, Electricite De France SA, State Power Investment Corporation, E.ON SE, Engie.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The power generation market is expected to reach from $1.61 trillion in 2021 to $2.46 trillion in 2026 at a rate of 8.8%. The power generation market size is then expected to grow at a CAGR of 10.1% from 2026 and reach $3.98 trillion in 2031.
Asia Pacific was the largest region in the global power generation market.
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.
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.
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.
TBRC’s Power Generation Market Report Segments:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Power Generation Market Report 2022 –Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides an overview of the power generation market globally and regionally, analyzes and forecasts market size, share, power generation market players, power generation market segments, leading competitor revenues, profiles and market shares.
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