About Electricity Generation
Electricity generated from renewable sources, nuclear power plants, hydro power plants (excluding pumped storage), geothermal systems, solar panels, biofuels, wind, as well as other sources is referred to as electricity generation. It encompasses electricity generated in both electricity-only and combined heat and power plants. Where data is available, respectively main activity producer and auto producer plants would be included. As their primary activity, primary activity producers generate electricity for selling to third parties. Auto producers create power entirely or partially toward their own using it as a secondary activity to their primary activity. Plants of either type can be privately or publicly owned. This metric is expressed in gigawatt hours and as a percentage of total energy generation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electricity Generation market throughout the forecasted period. 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.
NEXTERA ENERGY (United States), TOTALENERGIES SE (France), ANALOG DEVICES (United States), ENBRIDGE (Canada), DUKE ENERGY CORPORATION (United States), ENEL (Italy), THE SOUTHERN COMPANY (United States), EATON CORPORATION (Ireland), DOMINION ENERGY (United States) and Centrica (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are INFINEON TECHNOLOGIES AG (Germany) and Amu Power Company (Kenya).
Segmentation Overview
AMA Research has segmented the market of Global Electricity Generation market by Type (Hydroelectric Power Generation, Fossil Fuel Electric Power Generation, Nuclear Electric Power Generation, Solar Electric Power Generation, Wind Electric Power Generation, Geothermal Electric Power Generation, Biomass Electric Power Generation and Others), Application (Industrial, Commercial and Residential) and Region.
On the basis of geography, the market of Electricity 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 Electricity , the sub-segment i.e. Static Electricity will boost the Electricity Generation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology , the sub-segment i.e. Gas Turbines will boost the Electricity Generation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sources, the sub-segment i.e. Fossil Fuels (Coal, Natural Gas, And Petroleum) will boost the Electricity 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:
Increase In Demand For Electricity Has Increased The Power Generation Activities Across The Globe
Challenges:
High Maintenance Cost Hindering The Electricity Generation Market
Restraints:
High Initial Cost And Time Required For Installing Electricity Plants May Restraints The Electricity Generation Market
Opportunities:
The Rapid Increase In Population Is The Rising The Demand For Electricity Generation Market and Rise In Urbanization In Developing Nations Has Caused Rise In Demand For Electricity
Market Leaders and their expansionary development strategies
In October 2021, Enbridge Inc. announced the closing of the acquisition of Moda Midstream Operating from Encap Flatrock Midstream. The acquisition significantly advances the Company's U.S. Gulf Coast export strategy and connectivity to low-cost and long-lived reserves in the Permian and Eagle Ford basins. and On 5 January 2022, Power management company Eaton announced it has completed the acquisition of Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components used in electric vehicle, energy management, industrial and mobility markets
In February 2023, NextEra Energy, Inc. and NextEra Energy Partners, LP announced that members of the senior management team will participate in various investor meetings at the end of February and throughout March. They plan to discuss, among other things, long-term growth rate expectations for NextEra Energy and NextEra Energy Partners.
Key Target Audience
Electricity Generation, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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.