What is Power - Market?
Power is the amount of energy transferred or converted per unit of time. Increasing demand for Microgrids and EV Charging Stations and driving a turbine that produces electrical energy are the factors driving the global power market growth. Technological advancement in parallel research activities to substantially increase efficiency and is expected to drive market growth during the forecast period.
|Unit||Value (USD Million)|
|Key Companies Profiled||ENGIE (France), Acbel Polytech Inc. (Taiwan), Kansai Electric Power Company (Japan), GE Energy (United States), Iberdrola (Spain), Chubu Electric Power (Japan), Électricité de France (France), China Yangtze Power (China), Vestas (Denmark), Siemens Gamesa (Spain) and Iberdrola (Spain)|
The market study is being classified by Type (Thermal Power, Hydropower and Wind Power), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up.
ENGIE (France), Acbel Polytech Inc. (Taiwan), Kansai Electric Power Company (Japan), GE Energy (United States), Iberdrola (Spain), Chubu Electric Power (Japan), Électricité de France (France), China Yangtze Power (China), Vestas (Denmark), Siemens Gamesa (Spain) and Iberdrola (Spain) are some of the key players profiled in the study.
Global Power is a fragmented market due to the presence of various players. The players are focusing on investing more in the advancement of power generation plants. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Analyst at AMA have segmented the market study of Global Power - market by Type, Application and Region.
On the basis of geography, the market of Power - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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.
- Increasing Usage of Coal Resources
- Heavy Dependence on Thermal Fuel Sources for Power Generation, as Major Power-Generating Countries including China, the US, India
- Rapid Development of Power Distribution System
- High Manufacturing and Maintenance Costs
- Energy Demand has continued to Rise, Global Warming has become an even more Crucial Topic of Discussion
- Lack of Financial Infrastructure in Developing Economies
Market Leaders and some development strategies
11th November 2021, ENGIE and Crédit Agricole Assurances are pleased to announce that they have reached an agreement to acquire from Canadian institutional investment manager, Alberta Investment Management Corporation, a 97.33% stake of Eolia Renovables, one of the largest renewable power producers in Spain. This acquisition will allow ENGIE to boost its presence in the fast-growing Spanish renewables market and enable the Group to accelerate its growth in the sector and reach its target of 50 GW of renewable capacity by 2025.
Key Target AudiencePower Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Power - Market?
"Increasing Usage of Coal Resources
" is seen as one of major growth factors of Power - Market in years to come.
2. Can we have customized study for Power - 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 - Market?
will lead Power - Market in coming years.