Power Generation Market 2025-2029
The power generation market is forecasted to grow by USD 462.8 bn during 2024-2029, accelerating at a CAGR of 4.7% during the forecast period. The report on the power generation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing energy consumption, transition to renewable energy, and carbon neutrality goals.
Technavio's power generation market is segmented as below:
By Type
- Fossil fuel
- Renewable energy
- Nuclear power
By End-user
- Industrial
- Residential
- Commercial
- Utilities
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the strategic alliances and partnerships as one of the prime reasons driving the power generation market growth during the next few years. Also, rising mergers and acquisitions and focus on decentralized and distributed energy production will lead to sizable demand in the market.
The report on the power generation market covers the following areas:
- Power Generation Market sizing
- Power Generation Market forecast
- Power Generation Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power generation market vendors that include Acwa Power Co., American Electric Power Co. Inc., CHN ENERGY Investment Group Co. LTD., Constellation Energy Corp., Duke Energy Corp., E.ON SE, Enel Spa, ENGIE SA, Fortum Oyj, Hitachi Ltd., Iberdrola SA, National Grid plc, Nextera Energy Inc., PG and E Corp., RWE AG, Schneider Electric SE, Siemens, Southern Co., and Toshiba Corp.. Also, the power generation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.