Power generation is one of the most important utilities for modern communities. It is a method of generating power and energy from different sources. Energy and power is not freely available and needs to be produced, transforming other forms of energy to electricity. Power generation technologies are produced from different sources of energy such as fossil fuels, nuclear, solar, wind, and water. Production is done in power stations (likewise called "power plants"). It is used for generating electricity and solar power. Electricity is produced at a power plant by electromechanical generators, fundamentally determined by heat engines filled by burning or nuclear generators and kinetic energy. Other energy sources include solar photovoltaic and geothermal power.
This report contains market size and forecasts of Power Generation Technologies in Global, including the following market information:
Global Power Generation Technologies Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Power Generation Technologies market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Fossil Fuel Power Generation Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Power Generation Technologies include Siemens AG, Mitsubishi Heavy Industries, Ltd, Alstom S.A., Ansaldo Energia S.p.A, Caterpillar, Inc., Cummins, Inc., Yanmar Co., Ltd., General Electric Company and Mitsubishi Hitachi Power Systems, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Power Generation Technologies companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Power Generation Technologies Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Power Generation Technologies Market Segment Percentages, by Type, 2021 (%)
Fossil Fuel Power Generation
Hydro Power Generation
Wind Power Generation
Solar Power Generation
Nuclear Power Generation
Biomass Power Generation
Geothermal
Others
Global Power Generation Technologies Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Power Generation Technologies Market Segment Percentages, by Application, 2021 (%)
Industrial
Commercial
Residential
Global Power Generation Technologies Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Power Generation Technologies Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Power Generation Technologies revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Power Generation Technologies revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Siemens AG
Mitsubishi Heavy Industries, Ltd
Alstom S.A.
Ansaldo Energia S.p.A
Caterpillar, Inc.
Cummins, Inc.
Yanmar Co., Ltd.
General Electric Company
Mitsubishi Hitachi Power Systems
Shanghai Electric Group Co., Ltd
Dongfang Electric Corporation Ltd
Harbin Electric International Company
Abengoa Solar
Capstone Turbine Corporation
Northern Power Systems
Wind Energy Solutions
BDR Thermea Group
Viessmann Group