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Natural Gas Fired Electricity Generation Market Size, Share & Trends Analysis Report By Technology (Open Cycle, Combined Cycle), By End Use (Power & Utility, Industrial), By Region, And Segment Forecasts, 2020 - 2027

September 2020 | 130 pages | ID: NA0102774812EN
Grand View Research, Inc.

US$ 5,950.00

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Natural Gas Fired Electricity Generation Market Growth & Trends
The global natural gas fired electricity generation market demand is expected to reach 70,500.0 MW by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.71% from 2020 to 2027. Rising government support, growing energy demand across the world, and a rise in natural gas production are various factors boosting industry growth.

Worldwide power demand is rapidly growing owing to strong economic growth in some of the major countries globally. Furthermore, the growth was powered by countries, such as the U.S., China, Japan, and India, which account for a dominating share in the world’s energy demand. Countries are looking to opt for natural gas as a power generation source over coal owing to fewer carbon emissions being emitted by natural gas.

Industry participants are entering into various strategic collaborations with the governments of some of the countries to aid them to renovate and modernize the power sector of the respective countries. Furthermore, vendors are utilizing joint ventures and mergers and acquisitions in order to develop advanced technologies and expand their foothold across various regional markets.

However, the production of natural gas is concentrated in a few countries, which results in the risk of gas supply disruptions owing to geopolitical tensions, eventually affecting trade and supply of natural gas. Furthermore, the rise in adoption of renewable energy technologies is estimated to hamper the growth of the market in the forecast period.

Natural Gas Fired Electricity Generation Market Report Highlights
  • Combined cycle technology emerged as the dominating segment in 2019 and is expected to maintain its lead over the forecast period owing to its higher overall efficiency and lower fuel requirement as compared to open cycle technology
  • Power and utility emerged as the largest end-use segment in 2019 owing to a number of natural gas fired electricity generation power plants under pipeline to fulfill the growing demand from power in their region of operation
  • North America held a significant revenue share in the market in 2019 owing to the rise in production and availability of natural gas in the region
  • The Asia Pacific is expected to expand at the fastest growth rate over the forecast period. China, Japan, and Thailand are expected to contribute significantly to the growth of the market in the region
  • The Middle East and Africa is expected to witness significant growth in the forecast period owing to a number of natural gas fired electricity generation power projects under the development stage in countries, such as Saudi Arabia, Iraq, and UAE.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market segmentation & scope
1.2. Information procurement
  1.2.1. Purchased database
  1.2.2. GVR’s internal database
  1.2.3. Secondary sources & third-party perspectives
  1.2.4. Primary research
1.3. Information analysis
  1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing

CHAPTER 2. EXECUTIVE SUMMARY

CHAPTER 3. NATURAL GAS FIRED ELECTRICITY GENERATION MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Lineage Outlook
  3.1.1. Global Power Generation Market Overview
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Fuel Availability Overview
3.4. Technology Overview
  3.4.1. Technology Trends
3.5. Regulatory Framework
  3.5.1. Policies and Plans by Major Countries
  3.5.2. Standards & Compliances
3.6. Market Dynamics
  3.6.1. Market Driver Analysis
  3.6.2. Market Restraint Analysis
3.7. Business Environment Analysis Tools
  3.7.1. Industry Analysis - Porter’s
  3.7.2. PESTEL Analysis
3.8. Impact of Corona Virus on Natural Gas Fired Electricity Generation Market

CHAPTER 4. NATURAL GAS FIRED ELECTRICITY GENERATION MARKET TECHNOLOGY OUTLOOK

4.1. Technology Movement Analysis & Market Share, 2019 & 2027
4.2. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Volume, MW, Revenue, USD Million)
4.3. Open Cycle
  4.3.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, MW, Revenue, USD Million)
4.4. Combined Cycle
  4.4.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, MW, Revenue, USD Million)

CHAPTER 5. NATURAL GAS FIRED ELECTRICITY GENERATION MARKET END-USE OUTLOOK

5.1. End-use Movement Analysis & Market Share, 2019 & 2027
5.2. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Volume, MW, Revenue, USD Million)
5.3. Power & Utility
  5.3.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, MW, Revenue, USD Million)
5.4. Industrial
  5.4.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, MW, Revenue, USD Million)

CHAPTER 6. NATURAL GAS FIRED ELECTRICITY GENERATION REGIONAL OUTLOOK

6.1. Regional Movement Analysis & Market Share, 2019 & 2027
6.2. North America
  6.2.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.2.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.2.3. The U.S.
    6.2.3.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
    6.2.3.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
6.3. Europe
  6.3.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.3.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.3.3. Russia
    6.3.3.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
    6.3.3.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
6.4. Asia Pacific
  6.4.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.4.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.4.3. China
    6.4.3.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
    6.4.3.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.4.4. Japan
    6.4.4.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
    6.4.4.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.4.5. Thailand
    6.4.5.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
    6.4.5.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
6.5. Middle East and Africa
  6.5.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.5.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.5.3. Saudi Arabia
    6.5.3.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
    6.5.3.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
  6.5.4. Iraq
    6.5.4.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
    6.5.4.2. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
6.6. Central and South America
  6.6.1. Market estimates and forecasts by technology, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)
    6.6.1.1. Market estimates and forecasts by end use, 2016 - 2027 (Volume, MW, Revenue, USD Million, 2016 - 2027)

CHAPTER 7. COMPETITIVE ANALYSIS

7.1. Key Global Players & Recent Developments & Their Impact On The Industry
7.2. Vendor Landscape
  7.2.1. List of Key Distributors and Channel Partners
  7.2.2. Company Market Position Analysis

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. General Electric
  8.1.1. Company Overview
  8.1.2. Financial performance
  8.1.3. Flywheel Type benchmarking
  8.1.4. Strategic Initiatives
8.2. Siemens AG
  8.2.1. Company Overview
  8.2.2. Financial Performance
  8.2.3. Product Benchmarking
  8.2.4. Strategic Initiatives
8.3. Mitsubishi Hitachi Power Systems, Ltd.
  8.3.1. Company Overview
  8.3.2. Financial Performance
  8.3.3. Product Benchmarking
  8.3.4. Strategic Initiatives
8.4. Kawasaki Heavy Industries, Ltd.
  8.4.1. Company Overview
  8.4.2. Financial Performance
  8.4.3. Product Benchmarking
  8.4.4. Strategic Initiatives
8.5. Bharat Heavy Electricals Limited
  8.5.1. Company Overview
  8.5.2. Financial Performance
  8.5.3. Product Benchmarking
  8.5.4. Strategic Initiatives
8.6. Ansaldo Energia S.P.A.
  8.6.1. Company Overview
  8.6.2. Financial Performance
  8.6.3. Product Benchmarking
  8.6.4. Strategic Initiatives
8.7. Solar Turbines Incorporated
  8.7.1. Company Overview
  8.7.2. Financial Performance
  8.7.3. Product Benchmarking
  8.7.4. Strategic Initiatives
8.8. Opra Turbines B.V.
  8.8.1. Company Overview
  8.8.2. Financial Performance
  8.8.3. Product Benchmarking
  8.8.4. Strategic Initiatives
8.9. Man Energy Solutions
  8.9.1. Company Overview
  8.9.2. Financial Performance
  8.9.3. Product Benchmarking
  8.9.4. Strategic Initiatives
8.10. Toshiba Energy Systems & Solutions Corporation
  8.10.1. Company Overview
  8.10.2. Financial Performance
  8.10.3. Product Benchmarking
  8.10.4. Strategic Initiatives

LIST OF TABLES

1. Global natural gas fired electricity generation market technology estimates and forecasts by open cycle, 2016 - 2027 (MW, USD Million)
2. Global natural gas fired electricity generation market technology estimates and forecasts by combined cycle, 2016 - 2027 (MW, USD Million)
3. Global natural gas fired electricity generation market end-use estimates and forecasts by power & utility, 2016 - 2027 (MW, USD Million)
4. Global natural gas fired electricity generation market end-use estimates and forecasts by industrial, 2016 - 2027 (MW, USD Million)
5. North America natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
6. North America natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
7. North America natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
8. North America natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
9. North America natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
10. U.S. natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
11. U.S. natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
12. U.S. natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
13. U.S. natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
14. U.S. natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
15. Europe natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
16. Europe natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
17. Europe natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
18. Europe natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
19. Europe natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
20. Russia natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
21. Russia natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
22. Russia natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
23. Russia natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
24. Russia natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
25. Asia Pacific natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
26. Asia Pacific natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
27. Asia Pacific natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
28. Asia Pacific natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
29. Asia Pacific natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
30. China natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
31. China natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
32. China natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
33. China natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
34. China natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
35. Japan natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
36. Japan natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
37. Japan natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
38. Japan natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
39. Japan natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
40. Thailand natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
41. Thailand natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
42. Thailand natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
43. Thailand natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
44. Thailand natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
45. The Middle East & Africa natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
46. The Middle East & Africa natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
47. The Middle East & Africa natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
48. The Middle East & Africa natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
49. The Middle East & Africa natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
50. Saudi Arabia natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
51. Saudi Arabia natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
52. Saudi Arabia natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
53. Saudi Arabia natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
54. Saudi Arabia natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
55. Iraq natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
56. Iraq natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
57. Iraq natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
58. Iraq natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
59. Iraq natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)
60. Central & South America natural gas fired electricity generation market estimates and forecast, 2016 - 2027 (MW) (USD Million)
61. Central & South America natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (MW)
62. Central & South America natural gas fired electricity generation market estimates and forecast, by Technology, 2016 - 2027 (USD Million)
63. Central & South America natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (MW)
64. Central & South America natural gas fired electricity generation market estimates and forecast, by End-use, 2016 - 2027 (USD Million)

LIST OF FIGURES

1. Market segmentation & scope
2. Natural gas fired electricity generation market penetration growth prospects mapping
3. Natural gas fired electricity generation market value chain analysis
4. Marker driver impact analysis
5. Market restraint impact analysis
6. PORTER’S analysis: Natural gas fired electricity generation market
7. PESTEL Analysis: Natural gas fired electricity generation market
8. Natural gas fired electricity generation market: Technology movement analysis, 2019 & 2027
9. Natural gas fired electricity generation market: End-use movement analysis, 2019 & 2027
10. Natural gas fired electricity generation market: Regional movement analysis, 2019 & 2027
11. Natural gas fired electricity generation market: Company market position analysis


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