About Power Generation
Power Generation is a process of producing electric energy or the amount of electric energy produced by transforming other forms of energy into electrical energy. It can be produced by using energy sources such as renewable and non-renewable. The electricity produced by renewable sources like hydro and solar energy is cleaner, greener, and does not pollute the environment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global power generation market is fragmented due to the presence of several players at the global and regional levels. The level of competition among the companies in the power generation market is intense. Companies investing in the launch of new power plants and new power generation technologies. The player is also participating in strategic activities like mergers and acquisitions to enhance their market. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
State Grid Corporation of China (China), Enel (Italy), Tokyo Electric Power Company Holdings, Inc. (Japan), Korea Electric Power Corporation (South Korea), ENGIE (France), Iberdrola, S.A. (Spain), E.ON SE (Germany), EDF Group (France), General Electric (United States), Siemens (Germany), Exelon Corporation (United States), The Kansai Electric Power Co (Japan), Reliance Power. (India) and Torrent Power Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Power Generation market by Type (Thermal power generation, Nuclear power generation, Hydro-electric power generation and Others), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Power Generation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Source of Energy, the sub-segment i.e. Renewable Energy {Solar Energy will boost the Power Generation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The rise in Adoption of Renewable Electricity Generation Technology
Market Growth Drivers:
Growing Demand for Electricity in The World
Challenges:
High Maintenance Cost Hindering the Power Generation Market
Restraints:
High Initial Cost and Time Required for Installing Power Plants May restraints the Power Generation Market
Opportunities:
Increasing Industrialisation in The Developing Countries Creating Opportunities for Power Generation Market
Market Leaders and their expansionary development strategies
On February 10, 2022, Torrent Power Limited, the integrated power utility of the diversified Torrent Group, has entered into a share purchase agreement (SPA) with Blue Diamond Properties Private Limited and Balrampur Chini Mills Limited, the sellers, to acquire 100 percent equity share capital of Visual Percept Solar Projects Private Limited, the SPV, for Rs 163 crore.
On March 4, 2021, Reliance Power Limited and JERA Co. Inc., through their joint venture project company, are developing a new gas-fired power generation project in Bangladesh. The project company has achieved financial closure for the project with a group of lenders that includes Japan Bank for International Cooperation & Asian Development Bank and all requisite conditions for availing drawdown under the loan agreements have been satisfied.
Key Target Audience
Power Generation Manufacturers, Power Generation International Traders, Power Generation Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.