Kings Research has recently published its report on the global Power Generation Market, which finds that the market revenue is expected to reach USD 2.48 Trillion from USD 1.67 Trillion, with a remarkable 5.05% CAGR over the forecast period from 2023 to 2030.
This comprehensive research study on the global Power Generation market gives detailed insights into the sector, offering a detailed analysis of market trends, prominent drivers, and future growth prospects. To make wise business decisions, it gives readers an extensive understanding of the market environment. Furthermore, the report covers several aspects, such as estimated market sizing, strategies employed by leading companies, restraining factors, and challenges faced by market participants.
Power Generation Market Definition-
The power generation market majorly comprises non-renewable and renewable sources of energy. Non-renewable sources include coal, natural gas, oil, and nuclear energy, while renewable sources include wind, solar, geothermal, and hydroelectric power, among others. The power generation market encompasses several segments, including generation equipment, transmission systems, distribution networks, and related services. Generation equipment includes turbines, engines, generators, and other equipment used in power generation. Transmission systems are responsible for transporting energy generated at power plants to the end-user, while distribution networks bring power from transmission lines to homes, businesses, and public utilities.
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Market Forecast and Trends-
The report’s precise market forecasts and identification of emerging trends will allow readers to foresee the industry’s future and outline their tactics for the following years accordingly. Understanding market trends can help in gaining a competitive edge and staying ahead in a fast-paced business environment.
The Global Power Generation Market is divided into the following segments:
By Source
- Non-Renewable
- Renewable
By End-Use Sector
- Industrial
- Commercial
- Residential
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
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Regional and Segment Analysis-
The study on the global Power Generation market will aid industry participants find high-growth regions and profitable market segments through region-specific and segment-by-segment analysis. This information helps in implementing better marketing strategies and product lineups to meet the preferences and needs of various target audiences. The major regions covered in this comprehensive analysis include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Investment and Expansion Opportunities -
The research report supports strategic decision-making by revealing prospective areas for investment and business growth in the global Power Generation market. This report is a great tool for finding markets that are foreseen to grow substantially for aiding readers who want to expand into new and untapped markets or launch new products.
Competitive Analysis
The research report comprises an in-depth competitive analysis, which profiles major market competitors and evaluates their tactics, weaknesses, and market shares. These key players employ top business strategies, such as partnerships, alliances, mergers, acquisitions, product innovations, and product development, to establish a competitive advantage. Industry participants may use this information to measure their business against rivals and develop winning strategies for distinguishing themselves in the market
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- General Electric (GE)
- Siemens AG
- Mitsubishi Hitachi Power Systems (MHPS)
- China National Nuclear Corporation (CNNC)
- NextEra Energy
- Enel S.p.A
- Duke Energy
- Tata Power
- Orsted
- ON SE
Why Buy This Report?
- Obtain an in-depth understanding of market trends and growth catalysts.
- Utilize precise market forecasts for informed decision-making.
- Outperform competitors through extensive competitive analysis.
- Identify and leverage profitable regional and segment prospects.
- Strategically plan investments and expansions in the global Power Generation market.
Key Developments-
October 2021 — Next Era Energy Partners, LP signed an agreement to acquire 50% of its subsidiary Next Era Energy Resources LLC. This deal was aimed at expanding its portfolio and services to 3 new states in the country. It also added significant capacity of renewables for Next Era Energy
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Table of Content-
1 Introduction of the global Power Generation Market
2 Executive Summary
3 Research Methodology
4 Global Power Generation Market Outlook
5 Impact of Russia-Ukraine War
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