The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

 

 

The Business Research Company’s Power Generation Global Market Report 2023 offers crucial insights into the power generation market help businesses analyse and build stronger strategies.

 

 

 

The global power generation market is on an upward trajectory, expanding from $1,776.61 billion in 2022 to $1,913.39 billion in 2023, showcasing a compelling Compound Annual Growth Rate (CAGR) of 7.7%. Looking ahead, the market is poised to reach $2,543.23 billion in 2027, with an expected CAGR of 7.4%. This growth is intricately tied to the increasing applications of electricity in the dynamic landscape of the transportation industry.

 

 

 

Electrifying Transportation: A Driving Force

– Demand from Transportation

• Key Driver: Surge in electricity applications in the transportation sector.
• Opportunities: Electrification of railways, expansion of rapid metro transit systems, and rising adoption of electric vehicles (EVs).
• Global Impact: Office of Rail and Road (ORR) estimates 13,000 track kilometers electrification by 2050 in the UK for net-zero carbon emissions.
• USA Perspective: Edison Electric Institute (EEI) predicts annual EV sales to surpass 1.2 million by 2025, with EVs accounting for 9% of global electricity demand by 2050.

 

 

Industry Leaders: Powering Tomorrow

– Key Companies

• Enel SpA
• Electricite De France SA
• State Power Investment Corporation
• E.ON SE
• Engie
• Huaneng Power International, Inc.
• Exelon Corp
• Endesa SA
• Datang International Power Generation Company Limited
• Inter RAO UES
• Market Influence: Major companies shaping the power generation market.

 

 

 

Battery Innovation: Transforming Energy Storage

– Role of Batteries

• Innovation: Electric power generation companies utilizing batteries for solar energy storage.
• Technology: Large lithium-ion batteries forming energy storage sites.
• Applications: Backup during power shortages, absorption of solar power, and grid feed-in.
• Global Ambition: World Bank Group aims to fund 17.5 GWh of battery storage by 2025, tripling current installations in developing nations.
• Benefits: Minimizes dependence on traditional power plants, improves transmission efficiency, and reduces operational costs.

 

 

 

Market Segmentation: Diverse Energy Landscape

– Global Power Generation Market Segmentation

1. By Type
   • Hydro Electricity
   • Fossil Fuel Electricity
   • Nuclear Electricity
   • Solar Electricity
   • Wind Electricity
   • Geothermal Electricity
   • Biomass Electricity
   • Other Electricity
2. By End-User
   • Residential
   • Commercial
   • Industrial
3. By Sources of Energy
   • Conventional/Non-Renewable Source
   • Renewable Source
4. By Type of Grid
   • Off Grid
   • On Grid

 

 

Regional Dynamics: Asia-Pacific Leading the Charge

– Regional Insights

• Asia-Pacific (2022)
  • Largest region in the power generation market.
• Strategic Significance: Asia-Pacific’s pivotal role in shaping the global power generation landscape.

 

 

 

Get A Free Sample OnThe Global Power Generation Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=3594&type=smp

 

 

 

Read The Full Power Generation Market Report Here:

https://www.thebusinessresearchcompany.com/report/power-generation-global-market-report

 

 

The Power Generation Global Market Report 2023 provides a comprehensive outlook of the power generation market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The power generation market forecast offers a thorough analysis onpower generationmarket size, power generation market share,prominent players and their strategies.

 

 

 

The Table Of Content For The Power Generation Market Include:
1. Power Generation Market Executive Summary
2. Power Generation Market Segments
3. Power Generation Market Size AndPower Generation Market Growth Rate
4. Key Power Generation Market Trends
5. Major Power Generation Market Drivers
……
25. Key Mergers And Acquisitions In The Power Generation Market
26. Top Power Generation Companies
27. Power Generation Market Opportunities And Strategies
28. Power Generation Market, Conclusions And Recommendations
29. Appendix

 

 

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