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Power Generation Market by Power Type, by Source and Geographic: Analysis, Size, Growth, Trends, and Forecast, 2024-2028

Power Generation Market by Power Type, by Source and Geographic: Analysis, Size, Growth, Trends, and Forecast, 2024-2028

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Market size

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The global power generation market is a vital sector encompassing a variety of technologies and energy sources aimed at meeting the growing global demand for electricity. The market includes conventional sources such as coal, natural gas, and nuclear, as well as renewable sources like solar, wind, hydro, and biomass. The world is currently witnessing an increasing emphasis on renewable energy sources due to environmental concerns and policy support.

Market report highlights

Power Type
  • Fossil Fuel
  • Hydroelectricity
  • Solar
  • Other Electricity
Source
  • Renewable
  • Non-renewable
Regional Landscape
  • North America
  • Europe
  • APAC
  • South America
  • The Middle East and Africa
Key Companies Profiled
  • AGL Energy
  • BioTherm Energy
  • Centrica
  • Enel SpA
  • Tata Power

Market report insights

Technavio’s in-depth industry report offers historical data as well as a comprehensive market forecast. It analyzes the current state of the power generation market and provides detailed predictions on its performance over the coming years. It examines key factors such as market drivers, challenges, and key emerging trends, as well as the global competitive landscape. Also included is a breakdown of the types of products available on the market, along with their market shares and future prospects.

Market segmentation

The power generation market is segmented according to power type, source, and region. Technavio’s industry report provides actionable market insights on each segment, including market share and growth forecasts. While fossil fuels remain the leading type of power generation, renewable energy sources have been growing rapidly in recent years and are expected to see continued growth during the forecast period. Advancements in technology that improve efficiency and reduce costs are helping drive demand for renewable power generation, as are high investments and initiatives from governments and other sources.

Power Type Segmentation

  • Biomass
  • Fossil Fuel
  • Geothermal
  • Hydroelectricity
  • Nuclear
  • Solar
  • Wind
  • Other Electricity

Source Segmentation

  • Renewable
  • Non-renewable

Regional analysis

Different parts of the world will have different demands, supply chain logistics, legal nuances, and other factors to take into consideration when entering a new market. Technavio’s power generation market research helps facilitate strategic business decisions by providing a historical and focused look at regional markets, including market trends, drivers, and challenges as well as predictions for regional market sizes and growth.

Geographical Segmentation:

  • North America
    • Segmentation by power type
    • Segmentation by source
  • Europe
    • Segmentation by power type
    • Segmentation by source
  • APAC
    • Segmentation by power type
    • Segmentation by source
  • South America
    • Segmentation by power type
    • Segmentation by source
  • The Middle East and Africa
    • Segmentation by power type
    • Segmentation by source

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Competitive landscape

This report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies in order to help clients improve their market positions. It also provides a detailed analysis of the upcoming power generation market trends and challenges and how they will influence market growth, designed to help companies create effective strategies to make the most of the global market.

Companies leading the global power generation market include:

  • Adani Power
  • AGL Energy
  • BioTherm Energy
  • Centrica
  • Enel SpA
  • Tata Power

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Market Dynamics

In order to make informed business decisions and strategies, it’s important to be informed of the many factors impacting the market. What is driving growth in the market and how does that influence new product releases? What challenges are increasing risk for a specific course of action or in a specific market? What will the key trends be over the next several years and what is the best way to take advantage of them? The answers to these questions help companies to evaluate business approaches and develop growth strategies.

There is a significant global shift towards renewable energy sources such as solar, wind, hydro, and biomass. This transition is driven by environmental concerns, government policies promoting clean energy, and advancements in renewable technology that have improved efficiency and reduced costs.

The power generation sector is witnessing rapid technological advancements. Innovations in energy storage solutions, smart grid technologies, and digitalization are enhancing grid flexibility, reliability, and efficiency. These technologies are crucial for integrating intermittent renewable sources into the grid and managing energy demand more effectively.

The development of energy storage technologies, including batteries and pumped hydro storage, is becoming increasingly important. Energy storage helps in balancing supply and demand, stabilizing the grid, and supporting the integration of renewable energy sources that are inherently variable.

There is a growing trend towards decentralized power generation and distributed energy resources (DERs) such as rooftop solar panels and microgrids. This trend allows for more resilient and localized energy systems, reducing dependency on centralized power plants and enhancing energy security.

Modernizing aging infrastructure and implementing smart grid technologies are priorities for many countries. Smart grids improve the efficiency of electricity delivery, enable demand response programs, and support the integration of distributed generation and electric vehicles into the grid.

Faq

How do renewable energy sources impact the power generation market?

Renewables, like solar and wind, are growing rapidly due to environmental concerns and technological advancements. They contribute to diversifying energy sources but can pose challenges related to intermittency and storage.

What are some challenges in the power generation market?

Challenges include balancing supply and demand, integrating renewable energy sources into the grid, managing aging infrastructure, addressing environmental concerns (such as emissions and waste disposal), and ensuring grid resilience against natural disasters and cyber threats.

What role does regulation play in the power generation market?

Regulation governs aspects such as safety standards, emissions limits, grid reliability, and market competition. Regulatory policies can significantly impact investment decisions and market dynamics.

What is the future outlook for the power generation market?

The future is likely to involve a continued shift towards cleaner energy sources, increased use of digital technologies for grid management, advancements in energy storage solutions, and policy shifts towards decarbonization and sustainability goals.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
  • 3.4 Market outlook: Forecast for 2023-2028
    • Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
    • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

4 Historic Market Size

  • 4.1 Dietary supplements market in North America 2018 - 2022
    • Exhibit 18: Historic Market Size – Data Table on dietary supplements market in north America 2018 - 2022 ($ billion)
  • 4.2 Distribution Channel Segment Analysis 2018 - 2022
    • Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)
  • 4.3 Product Segment Analysis 2018 - 2022
    • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
  • 4.4 Geography Segment Analysis 2018 - 2022
    • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
  • 5.2 Bargaining power of buyers
    • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
  • 5.3 Bargaining power of suppliers
    • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
  • 5.4 Threat of new entrants
    • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
  • 5.5 Threat of substitutes
    • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
  • 5.6 Threat of rivalry
    • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
  • 5.7 Market condition
    • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

  • 6.1 Market segments
    • Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
    • Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)
  • 6.2 Comparison by Distribution Channel
    • Exhibit 31: Chart on Comparison by Distribution Channel
    • Exhibit 32: Data Table on Comparison by Distribution Channel
  • 6.3 Offline - Market size and forecast 2023-2028
    • Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
    • Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)
  • 6.4 Online - Market size and forecast 2023-2028
    • Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
    • Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)
  • 6.5 Market opportunity by Distribution Channel
    • Exhibit 41: Market opportunity by Distribution Channel ($ billion)
    • Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

  • 7.1 Market segments
    • Exhibit 43: Chart on Product - Market share 2023-2028 (%)
    • Exhibit 44: Data Table on Product - Market share 2023-2028 (%)
  • 7.2 Comparison by Product
    • Exhibit 45: Chart on Comparison by Product
    • Exhibit 46: Data Table on Comparison by Product
  • 7.7 Others - Market size and forecast 2023-2028
    • Exhibit 63: Chart on Others - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 64: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
    • Exhibit 65: Chart on Others - Year-over-year growth 2023-2028 (%)
    • Exhibit 66: Data Table on Others - Year-over-year growth 2023-2028 (%)
  • 7.8 Market opportunity by Product
    • Exhibit 67: Market opportunity by Product ($ billion)
    • Exhibit 68: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview
    • Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation
    • Exhibit 70: Chart on Market share by geography - 2023-2028 (%)
    • Exhibit 71: Data Table on Market share by geography - 2023-2028 (%)
  • 9.2 Geographic comparison
    • Exhibit 72: Chart on Geographic comparison
    • Exhibit 73: Data Table on Geographic comparison
  • 9.6 Market opportunity by geography
    • Exhibit 74: Market opportunity by geography ($ billion)
    • Exhibit 75: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges
    • Exhibit 76: Impact of drivers and challenges in 2023 and 2028
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 77: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 78: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 79: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 80: Vendors covered
  • 12.2 Market positioning of vendors
    • Exhibit 81: Matrix on vendor position and classification
  • 13 Appendix
  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist
    • Exhibit 82: Inclusions checklist
    • Exhibit 83: Exclusions checklist
  • 13.3 Currency conversion rates for US$
    • Exhibit 84: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 85: Research methodology
    • Exhibit 86: Validation techniques employed for market sizing
    • Exhibit 87: Information sources
  • 13.5 List of abbreviations
    • Exhibit 88: List of abbreviations