Press release
Power Generation Market: Robust Growth, Increasing Opportunities and Noteworthy Trends
Power Generation Market
What Is The Projected Market Size Of The Global Power Generation Market And Its Growth Rate?
•The power generation market size has grown strongly in recent years. It will grow from $2072.06 billion in 2024 to $2206.27 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%.
•The power generation market size is expected to see strong growth in the next few years. It will grow to $2755.36 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%.
What Is Driving The Growth In The Power Generation Market?
The electrification of transport is driving demand for electricity, fueling the growth of the power generation market. The use of electric vehicles and public transportation networks, such as rapid metro transit systems, in developed countries and the electrification of railways in underdeveloped and developing countries are establishing significant opportunities for power generation companies.
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Who Are the Key Players Driving Power Generation Market Growth?
•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
•Power Grid Corporation of India Limited
•NTPC Limited
•Tata Power
•Adani Power
•NHPC Limited
•Guodian Corporation
•Hokkaido Electric Power Company
•Tohoku Electric Power Co
•AGL Energy
•EDF Energy
•RWE
•Scottish Power
•Centrica
•SSE
•Drax Power Limited
•Intergen
•ESBI
•Vattenfall AB
•Fortum Oyj
•Fennovoima Ltd
•Areva
•Horizon Nuclear Power
•Unipro (E.ON Russia JSC)
•Territorial Generating Company Number One
•Mosenergo
•Gazprom Energoholding LLC
•NextEra Energy
•Duke Energy
•Southern Company
•Dominion Resources
•American Electric
•Public Service Enterprise Group
•ENMAX Corporation
•TransAlta Corporation
•Comision Federal de Electricidad
•Companhia Hidro Elétrica do São Francisco
•Copel Geração e Transmissão SA
•Eletrobras Eletronorte
•Petroleo Brasileiro SA Petrobras
•AES Gener
•Colbún S.A
•Empresas Públicas de Medellín E.S.P.
•Saudi Electricity Company
•Dubai Electricity & Water Authority
•Saudi Consolidated Electricity Company
•Abu Dhabi Water and Electricity Authority (ADWEA)
•Abu Dhabi National Energy Company PJSC (TAQA)
•Israel Electric Corporation
•Nuclear Power Production & Development Company of Iran (NPPD)
•Nawah Energy
•Amu Power Company
•Zimbabwe Power Company
•BioTherm Energy
•Kenya Electricity Generating Company
•Globeleq Inc.
What Are The Key Trends In The Power Generation Market?
•Changing business models of electric utilities
•Adoption of batteries to store energy
•Digital technologies in power generation
•Nuclear power generation
•Development of solar tracking mounts technology
•Deployment of advanced ultra-supercritical (AUSC) solutions
•Power plant transmissions
•Innovations in waste-to-energy technologies
What Are The Segments Of The Global Power Generation Market?
•By Type: Hydroelectricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity
•By Type Of Grid: Off Grid, On Grid
•By Source Of Energy: Conventional/Non-Renewable Source, Renewable Source
•By End-User: Industrial, Commercial, Residential, Transportation
Which Region Leads The Power Generation Market?
Asia-Pacific was the largest region in the power generation market in 2024. Western Europe was the second-largest region in the power generation market. The vast strides taken by developing economies and governmental energy infrastructure initiatives played a crucial role in this geographic dominance.
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What Is Covered In The Power Generation Market Global Market Report?
- Market Size Analysis: Analyze the Power Generation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Power Generation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Power Generation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Power Generation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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