What is Power Generation Market?
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.
The market study is being classified by Type (Thermal power generation, Nuclear power generation, Hydro-electric power generation and Others), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up.
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 profiled in the study.
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.
Segment Analysis
Analyst at AMA have segmented the market study of Global Power Generation market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Electricity in The World
Market Trend
- The rise in Adoption of Renewable Electricity Generation Technology
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
Challenges
- High Maintenance Cost Hindering the Power Generation Market
Market Leaders and some 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
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Power Generation Market?
"Growing Demand for Electricity in The World" is seen as one of major growth factors of Power Generation Market in years to come.
2. Can we have customized study for Power Generation Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Power Generation Market?
will lead Power Generation Market in coming years.