Global Power Generation Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of around XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Power Generation Market Dynamics
The growing global population is the key driver for global power generation market. Aided by the rapid urbanization in developing regions, the increasing number of consumers has resulted in a steady rise in the demand for electricity. This has forced governments across the world to take proactive steps to ensure steady power supply in their jurisdiction, prominent to a steady influx of investment into the power generation industry. This is likely to remain a leading driver for global power generation market during the forecast period. However, aging power generation infrastructure and increasing interest rate are the prime factors accountable for restraining the growth of this market.
According to application, Regulatory initiatives and norms to control non-renewable energy consumption are anticipated to contribute to growing demand for alternative sources. Power generation capacity is on the increase, with renewable sources considering for over 25% of the global share in 2012. Although renewable capacity has been increasing rapidly, the segment’s overall share has been increasing slowly. This is mainly because of renewable capacity in the form of wind and solar energy, etc., operates at low capacity factors.
Providing a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this power generation industry analysis report will permit the clients to evaluate the market potential and design advanced strategies for strengthening their position in the market.
Global Power Generation Market regional Insights
Geographically, Asia Pacific is expected to foremost contributor to the global power generation market over the coming years. The increasing demand for advanced power generation and distribution infrastructure in Southeast Asian countries and the proactive government support to improvements in power generation and distribution networks in dynamic economies such as India and China are the prominent drivers for the power generation market in Asia Pacific. Sound development of the renewable energy sector is just about a key feature of the Asia Pacific power generation market in the coming years, as the region lies nearer to the equator than either North America or Europe and thus has significant potential in terms of wind and solar power generation.
The report studies in depth the historical growth trajectory exhibited by the global power generation market in the last few years. The report also analyzes the segmentation of global power generation market to shed light on the hierarchy of the market by several criteria. In addition to this, the competitive dynamics of global power generation market are also evaluated in the report by profiling the leading players operating in the market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global power generation market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global power generation market.
Scope of Global Power Generation Market
Global Power Generation Market, by Type
• Conventional/Non-renewable Sources
o Fossil Fuels
o Nuclear Power
• Renewable Sources
o Traditional biomass
Global Power Generation Market, by Application
Global Power Generation Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Global Power Generation Market Key Players
• John Wood Group plc
• Alstom SA
• Siemens AG
• E.ON SE
• Huaneng Power International Inc.
• Southern Company
• Sinohydro Corporation
• Suzlon Group
• United Power
• Datang International Power
• State Grid Corporation of China
• Électricité de France S.A.
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