The power generation market consists of sales of electric power by entities (organizations, sole traders and partnerships) that operate electric power generation facilities. These facilities generate electric power using various forms of energy, such as fossil fuels, nuclear, solar, wind and water.
The global power generation market reached a value of nearly $1,341.6 billion in 2018, having grown at a compound annual growth rate (CAGR) of 2.4% since 2014, and is expected to grow at a CAGR of 3.5% to nearly $1,537.5 billion by 2022.
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During the historic period, governments in both developed and developing countries were focusing on building and maintaining a robust energy infrastructure. This drove the demand for power generation systems. According to the International Energy Agency (IEA), in 2017, the global electricity industry attracted capital investments of $700 billion. As of 2017, Asia-Pacific was the leading region with $1.67 trillion worth of investments in pipeline power generation construction projects, followed by the Middle East and Africa with $1.16 trillion each. Pipeline power generation projects in Europe and the Americas were valued at $921 billion and $931 billion, respectively.
Installing solar power production panels on large areas of land has been the general trend for solar power generation. This can lead to utilizing farmland or disturbing a healthy ecosystem. In land-scarce countries, particularly Southeast Asian countries such as Singapore, the widespread use of solar power generation systems is hindered by space constraints and limited roof space. Densely populated countries such as Japan, China and Southeast Asian nations are facing land scarcity for solar panel installations, and so are adopting floating solar models.
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The power generation market is segmented by type of energy source, by end-user and by geography. Asia-Pacific was the largest market for power generation, accounting for 49.7% of the global market in 2018. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the power generation market will be Asia-Pacific and the Middle East, where growth will be at CAGRs of 4.9% and 4.8% respectively. These will be followed by Africa and Eastern Europe, where the markets are expected to grow at CAGRs of 4.7% and 2.0% respectively.
Table Of Content:
1. Power Generation Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
7. Power Generation Market Characteristics
8. Market Segmentation By End-User
9. Power Generation Market, Supply Chain Analysis
10. Power Generation Market Customer Information
11. Power Generation Market Trends and Strategies
12. Power Generation Market Opportunity Assessment, PESTEL Analysis
13. Power Generation Global Market Size And Growth
14. Power Generation Market Regional Analysis
15. Global Power Generation Market Segmentation
16. Power Generation Market Metrics
17. Power Generation, Pricing Analysis
18. Power Generation, Transmission And Distribution Losses
19. Asia-Pacific Power Generation Market
20. Western Europe Power Generation Market
21. Eastern Europe Power Generation Market
22. North America Power Generation Market
23. South America Power Generation Market
24. Middle East Power Generation Market
25. Africa Power Generation Market
26. Global Power Generation Market Competitive Landscape
27. Power Generation Market, Key Mergers And Acquisitions
28. Market Background: Electric Power Generation, Transmission, And Distribution Market
29. Global Power Generation Market, Opportunities And Strategies
30. Power Generation Market Conclusions And Recommendations
31. Appendix
32. Market Data Sources
33. NAICS Definitions Of Industry Covered In This Report
34. Research Methodology
35. Currencies
36. Research Inquiries
37. The Business Research Company
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