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Global Power Generation Market Size and Forecast 2022-2031 | The Business Research Company
Power Generation Market
https://www.thebusinessresearchcompany.com/global-market-reports
According to The Business Research Company's Power Generation market report, the global power generation market reached a value of nearly $1,614.03 billion in 2021, having increased at a compound annual growth rate (CAGR) of 4.7% since 2016. The global power generation market size is expected to grow from $1,614.03 billion in 2021 to $2,462.37 billion 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 $3,982.36 billion 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. The rise in electric vehicles in developing countries will create significant opportunities for power generation companies in the market. For example, according to the International Energy Agency, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019. Also, according to Bloomberg New Energy Finance (BNEF), EVs will hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040.
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The Power Generation market is segmented -
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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the Power Generation market.
Major competitors in the Power Generation market include Enel SpA, Electricite De France SA, State Power Investment Corporation, E.ON SE, Engie
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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.
The Table Of Content For The Power Generation Market Include:
1. Power Generation Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
.....
25. Key Mergers And Acquisitions In The Power Generation Market
26. Market Background: Electric Power Generation, Transmission, And Distribution Market
27. Global Power Generation Market Opportunities And Strategies
28. Power Generation Market Conclusions And Recommendations
29. Appendix
The Business Research Company's "Global Power Generation Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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