US Power Generation Equipment Market Size study, by Type (Turbine and Engines, Generators, Others) by Application (Utility, Industrial, Commercial, Residential) Forecasts 2022-2032
US Power Generation Equipment Market is valued approximately at USD 2.14 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.72% over the forecast period 2024-2032. Power generation equipment is essential for converting various energy sources into usable electrical power and is a critical component of the infrastructure that provides electricity to homes, businesses, and industries. Common types of power generation equipment encompass generators, turbines, transformers, boilers, solar panels, wind turbines, hydroelectric plants, and nuclear reactors. These technologies utilize various energy sources, including fossil fuels (coal, natural gas, oil), renewable sources (solar, wind, hydro), and nuclear reactions, to generate electricity. Power generation equipment plays a crucial role in meeting the energy demands of industries, commercial establishments, residential areas, and infrastructure, thereby contributing to the functioning of modern societies and economies. The integration of energy storage solutions like batteries is gaining traction in the US power generation sector. Energy storage systems help improve grid flexibility, manage peak demand, and enhance the reliability of renewable energy sources by storing excess energy for use during periods of high demand or low generation
The abundance of domestic natural gas resources and the development of hydraulic fracturing (fracking) technology have led to a boom in natural gas production in the US. As a result, there's significant demand for gas-fired power generation equipment, including turbines and combined cycle power plants, to capitalize on the availability of low-cost natural gas. Furthermore, the US Power Generation Equipment Market is driven by Renewable Energy Expansion and adoption of smart grid technologies. However, Infrastructure and Grid Integration Challenges, on the other hand, will stifle market growth between 2022 and 2032.
Major market player included in this report are:
Caterpillar Inc.
Cummins Inc
Honeywell International Inc.
Emerson Electric Co
Baker Hughes Company
Solar Turbines Incorporated
Company 7
Company 8
Company 9
Company 10
The detailed segments and sub-segment of the market are explained below:
By Type
Turbine and Engines
Generators
Others
By Application
Utility
Industrial
Commercial
Residential
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
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- Chapter 1. US Power Generation Equipment Market Definition and Research Assumptions
- 1.1. Research Objective
- 1.2. Market Definition
- 1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
- 1.3.3.1. Availability
- 1.3.3.2. Infrastructure
- 1.3.3.3. Regulatory Environment
- 1.3.3.4. Market Competition
- 1.3.3.5. Economic Viability (Consumer’s Perspective)
- 1.3.4. Demand Side Analysis
- 1.3.4.1. Regulatory frameworks
- 1.3.4.2. Technological Advancements
- 1.3.4.3. Environmental Considerations
- 1.3.4.4. Consumer Awareness & Acceptance
- 1.4. Estimation Methodology
- 1.5. Years Considered for the Study
- 1.6. Currency Conversion Rates
- Chapter 2. Executive Summary
- 2.1. US Power Generation Equipment Market Size & Forecast (2022- 2032)
- 2.2. Segmental Summary
- 2.2.1. By Type
- 2.2.2. By Application
- 2.3. Key Trends
- 2.4. Recession Impact
- 2.5. Analyst Recommendation & Conclusion
- Chapter 3. US Power Generation Equipment Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
- Chapter 4. US Power Generation Equipment Market: Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Power Generation Equipment Market Size & Forecasts by Type 2022-2032
- 5.1. Turbine and Engines
- 5.2. Generators
- 5.3. Others
- Chapter 6. Global Power Generation Equipment Market Size & Forecasts by Application 2022-2032
- 6.1. Utility
- 6.2. Industrial
- 6.3. Commercial
- 6.4. Residential
- Chapter 7. Competitive Intelligence
- 7.1. Key Company SWOT Analysis
- 7.1.1. Company 1
- 7.1.2. Company 2
- 7.1.3. Company 3
- 7.2. Top Market Strategies
- 7.3. Company Profiles
- 7.3.1. Caterpillar Inc.
- 7.3.1.1. Key Information
- 7.3.1.2. Overview
- 7.3.1.3. Financial (Subject to Data Availability)
- 7.3.1.4. Product Summary
- 7.3.1.5. Market Strategies
- 7.3.2. Cummins Inc
- 7.3.3. Honeywell International Inc.
- 7.3.4. Emerson Electric Co
- 7.3.5. Baker Hughes Company
- 7.3.6. Solar Turbines Incorporated
- 7.3.7. Company 7
- 7.3.8. Company 8
- 7.3.9. Company 9
- 7.3.10. Company 10
- Chapter 8. Research Process
- 8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
- 8.2. Research Attributes
- List of Tables
- TABLE 1. US Power Generation Equipment market, report scope
- TABLE 2. US Power Generation Equipment market estimates & forecasts by Type 2022-2032 (USD Billion)
- TABLE 3. US Power Generation Equipment market estimates & forecasts by Application 2022-2032 (USD Billion)
- TABLE 4. US Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 5. US Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 6. US Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 7. US Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 8. US Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 9. U.S. Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 10. U.S. Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
- TABLE 11. U.S. Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
- TABLE 12. List of secondary sources, used in the study of US Power Generation Equipment Market.
- TABLE 13. List of primary sources, used in the study of US Power Generation Equipment Market.
- TABLE 14. Years considered for the study.
- TABLE 15. Exchange rates considered.
- List of figures
- FIGURE 1. US Power Generation Equipment market, research methodology
- FIGURE 2. US Power Generation Equipment market, market estimation techniques
- FIGURE 3. US market size estimates & forecast methods.
- FIGURE 4. US Power Generation Equipment market, key trends 2023
- FIGURE 5. US Power Generation Equipment market, growth prospects 2022-2032
- FIGURE 6. US Power Generation Equipment market, porters 5 force model
- FIGURE 7. US Power Generation Equipment market, pestel analysis
- FIGURE 8. US Power Generation Equipment market, value chain analysis
- FIGURE 9. US Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
- FIGURE 10. US Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
- FIGURE 11. US Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
- FIGURE 12. US Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
- FIGURE 13. US Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
- US Power Generation Equipment market, company market share analysis (2023)
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