Global Flexible Power Plants Powered by Medium Speed Generators Market to Reach 9.1 Thousand Megawatts by 2030
The global market for Flexible Power Plants Powered by Medium Speed Generators estimated at 7 Thousand Megawatts in the year 2023, is expected to reach 9.1 Thousand Megawatts by 2030, growing at a CAGR of 3.7% over the period 2023-2030. Heavy Diesel-Powered Generators, one of the segments analyzed in the report, is expected to record 2.8% CAGR and reach 2.2 Thousand Megawatts by the end of the analysis period. Growth in the Other Generator Fuel Types segment is estimated at 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at 2.1 Thousand Megawatts, While China is Forecast to Grow at 3.5% CAGR
The Flexible Power Plants Powered by Medium Speed Generators market in the U.S. is estimated at 2.1 Thousand Megawatts in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 1.6 Thousand Megawatts by the year 2030 trailing a CAGR of 3.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
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