Europe Power Generation Equipment Market Size, Share & Trends Analysis Report By Type (Turbine & Engines, Generators, and Others), By Application (Utility, Industrial, Commercial, and Residential), By Country and Growth Forecast, 2024 - 2031

Europe Power Generation Equipment Market Size, Share & Trends Analysis Report By Type (Turbine & Engines, Generators, and Others), By Application (Utility, Industrial, Commercial, and Residential), By Country and Growth Forecast, 2024 - 2031


The Europe Power Generation Equipment Market would witness market growth of 4.2% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Power Generation Equipment Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,767.5 Million by 2031. The UK market is exhibiting a CAGR of 3.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 5% during (2024 - 2031).

This equipment applications span various sectors and industries, serving critical needs for electricity generation, backup power supply, grid support, and energy resilience. For example, this equipment is extensively used in utility-scale power plants to generate electricity for large-scale distribution to residential, commercial, and industrial consumers. These power plants employ diverse technologies such as coal, natural gas, nuclear, hydroelectric, wind, solar, and biomass to produce electricity on a massive scale.

Industries rely on this equipment to meet their electricity needs for manufacturing processes, machinery operation, and facility infrastructure. Power-intensive industries such as manufacturing, mining, oil and gas, chemicals, and petrochemicals utilize boilers, turbines, generators, and combined heat and power (CHP) systems to power their operations.

Europe’s electricity grid infrastructure may need upgrades and expansions to accommodate the increased demand for EV charging stations. This equipment manufacturers could benefit from contracts to supply generators, transformers, and other components necessary for grid modernization projects. Also, with a greater focus on reducing carbon emissions, there could be a shift towards cleaner energy sources to power EV charging stations in Europe. This could result in higher funding for renewable energy generation technologies, including hydroelectric, solar, and wind power, creating opportunities for producers of renewable energy equipment. Therefore, the market is increasing due to the growing number of EV sales in the region.

Based on Type, the market is segmented into Turbine & Engines, Generators, and Others. Based on Application, the market is segmented into Utility, Industrial, Commercial, and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • Mitsubishi Heavy Industries Ltd.
  • Wartsila Corporation
  • ABB Ltd.
  • Siemens Energy AG
  • General Electric Company
  • Caterpillar, Inc.
  • Bharat Heavy Electricals Ltd.
  • Schneider Electric SE
  • Cummins, Inc.
  • Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)
Europe Power Generation Equipment Market Report Segmentation

By Type
  • Turbine & Engines
  • Generators
  • Others
By Application
  • Utility
  • Industrial
  • Commercial
  • Residential
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Power Generation Equipment Market, by Type
1.4.2 Europe Power Generation Equipment Market, by Application
1.4.3 Europe Power Generation Equipment Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical expansion
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov – 2020, Mar) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Europe Power Generation Equipment Market, by Type
5.1 Europe Turbine & Engines Market, by Country
5.2 Europe Generators Market, by Country
5.3 Europe Others Market, by Country
Chapter 6. Europe Power Generation Equipment Market, by Application
6.1 Europe Utility Market, by Country
6.2 Europe Industrial Market, by Country
6.3 Europe Commercial Market, by Country
6.4 Europe Residential Market, by Country
Chapter 7. Europe Power Generation Equipment Market, by Country
7.1 Germany Power Generation Equipment Market
7.1.1 Germany Power Generation Equipment Market, by Type
7.1.2 Germany Power Generation Equipment Market, by Application
7.2 UK Power Generation Equipment Market
7.2.1 UK Power Generation Equipment Market, by Type
7.2.2 UK Power Generation Equipment Market, by Application
7.3 France Power Generation Equipment Market
7.3.1 France Power Generation Equipment Market, by Type
7.3.2 France Power Generation Equipment Market, by Application
7.4 Russia Power Generation Equipment Market
7.4.1 Russia Power Generation Equipment Market, by Type
7.4.2 Russia Power Generation Equipment Market, by Application
7.5 Spain Power Generation Equipment Market
7.5.1 Spain Power Generation Equipment Market, by Type
7.5.2 Spain Power Generation Equipment Market, by Application
7.6 Italy Power Generation Equipment Market
7.6.1 Italy Power Generation Equipment Market, by Type
7.6.2 Italy Power Generation Equipment Market, by Application
7.7 Rest of Europe Power Generation Equipment Market
7.7.1 Rest of Europe Power Generation Equipment Market, by Type
7.7.2 Rest of Europe Power Generation Equipment Market, by Application
Chapter 8. Company Profiles
8.1 Mitsubishi Heavy Industries Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Wartsila Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 ABB Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Siemens Energy AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Geographical Expansions:
8.4.6 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Caterpillar, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Bharat Heavy Electricals Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Schneider Electric SE
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Cummins, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research and Development Expense

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