Power Generation Global Market Expected to grow at a CAGR of 3.5% to nearly $1,537.5 billion by 2022 - EDF Group, Enel SpA, Engie, E.ON, Uniper

This report describes and evaluates the global power generation market. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period.

The global power generation market reached a value of nearly $1,341.6 billion in 2018, having grown at a compound annual growth rate (CAGR) of 2.4% since 2014, and is expected to grow at a CAGR of 3.5% to nearly $1,537.5 billion by 2022.

Growth in the historic period resulted from increased consumption of electricity in both developed and developing countries, government initiatives for energy infrastructure, economic growth in emerging economies, and improvements in power generation technologies. Factors that negatively affected growth in the historic period were high transmission and distribution losses, geopolitical tensions and stringent environmental regulations on power generation. Going forward, increasing use of electricity in transportation and growing global economy will drive growth. Factors that could hinder the growth of the power generation market in the future include rising interest rates, aging power generation infrastructure and environmental regulations.

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Companies Mentioned: EDF Group, Enel SpA, Engie S.A., E.ON SE, Uniper SE

The power generation market is segmented by type of energy source into hydroelectric power generation, fossil fuel electric power generation, nuclear electric power generation, solar electric power generation, wind electric power generation, geothermal electric power generation, biomass electric power generation and other electric power generation. Fossil fuel electric power generation was the largest segment of the power generation market by type of energy source in 2018 at 70.8%. The solar electric power generation market is expected to be the fastest-growing segment going forward at a CAGR of 9.5%.

The power generation market is also segmented by end-user into residential, commercial, and industrial. Industrial power generation was the largest segment of the power generation market by end-user in 2018 at 41.7%. The commercial power generation segment is expected to be the fastest-growing segment going forward at a CAGR of 3.65%.

Asia-Pacific was the largest market for power generation, accounting for 49.7% of the global market in 2018. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the power generation market will be Asia-Pacific and the Middle East, where growth will be at CAGRs of 4.9% and 4.8% respectively. These will be followed by Africa and Eastern Europe, where the markets are expected to grow at CAGRs of 4.7% and 2.0% respectively.

The power generation market is fairly fragmented, with a large number of small players. Though a small number of large players register a significant market share, top ten players constitute one-fourth of the market. Players in the market include EDF Group, Enel SpA, Engie S.A., E.ON SE, and Uniper SE.

The global electric power generation, transmission, and distribution market, of which the power generation market is a segment, reached a value of nearly 3,778.6 billion in 2018, having grown at a compound annual growth rate (CAGR) of 2.6% since 2014, and is expected to grow at a CAGR of 3.7% to nearly $4,365.1 billion by 2022. The electric power transmission, control, and distribution market was the largest segment of the global electric power generation, transmission, and distribution market, and was worth $2,437.1 billion in 2018. The power generation segment was the second largest segment, accounting for 35.5% of the total. The electric power transmission, control, and distribution segment is expected to be the fastest growing segment in the electric power generation, transmission, and distribution market at a CAGR of 3.8% during 2018-2022.

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Markets Covered:
By Type Of Energy Source: Hydroelectric Power Generation, Fossil Fuel Electric Power Generation, Nuclear Electric Power Generation, Solar Electric Power Generation, Wind Electric Power Generation, Geothermal Electric Power Generation, Biomass Electric Power Generation, Other Electric Power Generation

Table of Contents:

1. Power Generation Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
7. Power Generation Market Characteristics
8. Market Segmentation By End-User
9. Power Generation Market, Supply Chain Analysis
10. Power Generation Market Customer Information

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This release was published on openPR.