Global Power Generation Market | 2022 Trends And Market Analysis By TBRC

Global Power Generation Market | 2022 Trends And Market Analysis By TBRC

“Power Generation Market By Type (Hydroelectric Power Generation, Fossil Fuel Electric Power Generation, Nuclear Electric Power Generation, Solar Electric Power Generation, Wind Electric Power Generation, Geothermal Electric Power Generation, Biomass Elect”
EDF Group Was The Largest Company In The Power Generation Market, According To TBRC’s Report (Companies: EDF Group, Enel SpA, Engie S.A., E.ON SE, Uniper SE, TEPCO, Exelon Corporation, RWE AG, State Power Investment Corporation (SPIC), And Duke Energy Corporation)

The global market for power generation reached a value of nearly $1.3 trillion in 2018. Asia Pacific is the largest market for power generation companies, accounting for about 49% of the global market. China is the largest country in terms of value in the power generation market.

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 convert other forms of energy, such as water power (i.e., hydroelectric), fossil fuels, nuclear power, and solar power, into electrical energy.

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Power Generation Market Size
The power generation market is expected to grow at a growth rate of around 3% to nearly $1.5 trillion by 2022.Growth in the historic period resulted from increased consumption of electricity in residential segment, government initiatives and economic growth in emerging economies. Going forward, increasing use of electricity in transportation, economic growth and automation in manufacturing will drive growth. Factors that negatively affected growth in the historic period were high transmission and distribution losses, and stringent environment regulations on power generation.

The power generation market is fairly fragmented, with large number of small players. ome of the players in the market are EDF Group, Enel SpA, Engie S.A., E.ON SE, Uniper SE, TEPCO, Exelon Corporation, RWE AG, State Power Investment Corporation (SPIC), and Duke Energy Corporation.

EDF Group was the largest competitor in the electricity generation market in 2017, with around 4% share of market. EDF is an electric utility company that produces, markets and distributes electricity. The company was founded in 1946 and is headquartered in Paris, France. The company has approximately 152,033 employees working globally.

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Growth in the historic period resulted from increased consumption of electricity in residential segment, government initiatives and economic growth in emerging economies. Going forward, increasing use of electricity in transportation, economic growth and automation in manufacturing will drive growth. Factors that negatively affected growth in the historic period were high transmission and distribution losses, and stringent environment regulations on power generation.  Factors that could hinder the growth of this market in the future are expected rise in interest rates, aging power generation infrastructure and environment regulations.

With the increased consumption of electricity in residential segment, government initiatives and economic growth in emerging economies, the potential and scope for the global power generation market is expected to increase.

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