Top 10 Power Generation Technologies Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Top 10 Power Generation Technologies Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2021 | Energy & Mining

Report Digest


Global Top 10 Power Generation Technologies: Overview 

Some of the power generation technologies popular in today’s market are gas engines, steam turbines, micro turbines, gas turbines, micro CHP, diesel and gas generators, nuclear power reactors, small wind, and concentrating solar power. Steam turbines, for example, generate electricity via thermal energy from fuel to raise steam. The thermal energy of the steam is transformed into kinetic energy in the turbine which is then converted into electrical energy. 

Similarly a gas turbine is a combustion engine that transforms natural gas or other liquid fuels to mechanical energy that is then converted into electrical energy. 

Global Top 10 Power Generation Technologies Market: Key Trends 

The top 10 power generation technologies are witnessing a massive uptick in demand on account of a burgeoning world population and the rapid pace of urbanization and industrialization which have driven up the need for electricity significantly. This has stoked increasing investment in different power generation technologies. Other factors such as modernization of the current power generation infrastructure is also powering the global market. 

A few of the restraining factors hobbling the take-up of the top 10 power generation technologies are supply security, infrastructural worries, and price disparity across regional markets. 

Global Top 10 Power Generation Technologies Market: Market Potential 

Among the top 10 power generation technologies, the small wind market is slated to outpace all others in terms of growth rate in the foreseeable future. The U.S. and Canada present high growth opportunities to the small wind market on account of policy support, tanking cost of wind energy generation, and growing standardization.

The micro CHP market is predicted to trail the small wind market in terms of growth rate. Again the U.S. and Canada offer high growth opportunities to the micro CHP market because of their efforts to reduce carbon footprints, favorable policies framed by the government, and autonomous heat and electricity generation at a lower cost.

The micro turbine technologies are also anticipated to grow at a healthy clip along with the solar power technologies owing to environmental concerns primarily. At present, North America is the leading market for micro turbine with over half the share in it. Further, gas generators too are expected to see soaring demand on account of the pressing need for seamless and reliable power supply, strengthening healthcare infrastructure, rising demand for data centers and IT facilities, and rapid urbanization in emerging economies. 

Global Top 10 Power Generation Technologies Market: Regional Outlook 

From a geographical standpoint, Asia-Pacific is the primary market for most of the top 10 power generation technologies. This is mainly because of the spike in electricity consumption resulting in greater investment in power generation capacity, particularly in the fast-expanding populous and developing economies of India and China. Among the two countries, China is a major market driver on account of its industrial sector contributing more than 50% of its GDP. This has made China the most attractive market. 

Global Top 10 Power Generation Technologies Market: Competitive Analysis 

To assess the competition prevailing in market for top 10 power generation technologies, the report profiles prominent names such as Siemens AG, Mitsubishi Heavy Industries, Ltd., Alstom S.A., Ansaldo Energia S.p.A, Caterpillar, Inc., and Cummins, Inc. Some of the common strategies adopted by astute players operating in the market are contracts and agreements, mergers and acquisitions, expansions, and product development.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?