Business Research Company Power Generation Market 2022 – Opportunities and Strategies – Global Forecast to 2031
LONDON, GREATER LONDON, UK, July 22, 2022 /EINPresswire.com/ — Digital technologies are becoming increasingly important power generation industry. Power generation market trends include digital technologies such as smart grids, sensors, and smart meters that provide businesses and customers with more accurate, real-time accounts of energy consumption. These technologies help improve the productivity, efficiency, safety, compliance, and reliability of power generation, resulting in better asset management, better planning, better execution, and better service levels. faster with higher customer satisfaction, which is expected to shape the outlook for the power generation market. . For example, some major power generation companies that have embraced digital technologies include Duke Energy, Engie, National Grid and NextEra.
According to the analysis of the power generation industry, the increasing applications of electricity in the transportation industry are expected to increase the demand for electricity, thereby driving the demand for power generation services. The rise of electric vehicles in developing countries will create significant opportunities for power generation companies in the market. Additionally, according to Bloomberg New Energy Finance (BNEF), electric vehicles will reach 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040.
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The size of the global power generation market is expected to grow from $1.61 trillion in 2021 to $2.46 trillion in 2026 at a rate of 8.8%. The global power generation market share is then projected to grow at a CAGR of 10.1% from 2026 and reach $3.98 trillion in 2031.
Key Players Covered in Global Power Generation Industry are Enel SpA, Electricité De France SA, State Power Investment Corporation, E.ON SE, Engie.
TBRC Power Generation Market report is segmented by Type into Hydropower, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity, by End User in industrial, commercial, residential, transport, by energy source to conventional/non-renewable source, renewable source, by type of grid to off-grid, on-grid.
Power Generation Market 2022 – By type (hydroelectricity, fossil electricity, nuclear electricity, solar electricity, wind electricity, geothermal electricity, biomass electricity, other electricity), by end user (industrial, commercial, residential, transport), by energy source (conventional/ Non-renewable source, renewable source), by type of grid (off-grid, on-grid), and by region, opportunities and strategies – The global forecast to 2031 is part of a series of new reports from The Business Research Company that Provides Power Generation Market Overview, Power Generation Market Size and Growth Forecast for Overall Market, Power Generation Market Segments, Geographies, Trends Power Generation Market Analysis, Power Generation Market Drivers, Key Competitor Restraints, Revenues, Profiles and Market Shares.
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