Top 10 Power Generation Technologies Market - by Generation (Micro Turbine, Steam Turbine, Gas Engine, Gas Turbine, Nuclear Power Reactor, Micro CHP, Diesel Generator & Gas Generator, Small Wind, and Concentrating Solar Power), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Top 10 Power Generation Technologies market, which accrued revenue worth nearly 70 (USD Billion) in 2019, is slated to accrue revenue worth approximately 106 (USD Billion) by 2026.

06-Jul-2020 | Number of pages: 110 | Report Code: ZMR-3128 | Report Format : | Status : Published

Abstract

The global Top 10 Power Generation Technologies market, which accrued revenue worth nearly 70 (USD Billion) in 2019, is slated to accrue revenue worth approximately 106 (USD Billion) by 2026. The report offers assessment and analysis of the Top 10 Power Generation Technologies market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Details of the Report:

Report Metric

Details

Base Year

2019

Historical Data

2017 and 2018

Forecast period

2020-2026

Market Representation

Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026

Segments Analyzed

By  Generation and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Introduction 

The method of generating electrical energy by transforming other forms of energy into electric energy. For instance, power generation as a result of water fall in dams due to transformation of kinetic energy into electric energy. Furthermore, hydroelectric power units, solar power plants, thermal power plants, and wind power plants are the kinds of power generating plants. Few of the power generating techniques in the recent times include gas turbines, gas engines, micro CHP, steam turbines, nuclear power reactors, and concentrating solar power.

Market Growth Dynamics

Rise in the power usage and huge funding for raising power generating capacity of the transformers will boost the expansion of top 10 power generation technologies market during the forecast timespan. In addition to this, upgradation of current power generating systems will amplify the expansion of the industry during the forecasting years. Furthermore, inflating population along with urbanization & industrialization at a rapid velocity will culminate in the massive requirement of power supply, thereby driving the market trends.

Apart from this, growing renewable energy trends, strict execution of laws regulating GHG emissions or VoC emission from industries will empower the growth of industry over the years to come. Apparently, the need for achieving the economies of scale as well as cost reduction in wind power generation will help the top 10 power generation technologies business gain traction over the forthcoming years.

Asia Pacific To Lead Overall Market Surge Over Period From 2020 To 2026

The regional market surge over the forecast timespan is attributed to the massive demand for new power generating technologies in the countries like India and China which are densely populated nations.

Key players influencing the market growth include Caterpillar, Inc., Cummins, Inc., Siemens AG, Mitsubishi Heavy Industries, Ltd., Alstom S.A., and Ansaldo Energia S.p.A.

The global Top 10 Power Generation Technologies Market is segmented as follows:

By Power Generation Technologies

  • Steam Turbines
  • Micro Turbines
  • Gas Turbines
  • Gas Engines
  • Micro CHP
  • Nuclear Power Reactors
  • Small Wind
  • Diesel Generators
  • Gas Generators
  • Concentrating Solar Power

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Rise in the power usage and huge funding for raising power generating capacity of the transformers will boost the business growth.

The revenue of the industry is expected to be nearly USD 106 Billion by 2026.

Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.

The key market players include Cummins, Inc., Siemens AG, Alstom S.A., Mitsubishi Heavy Industries, Ltd., Caterpillar, Inc., Ansaldo Energia S.p.A.


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