Europe Power Generation Equipment Market Size study, by Type (Turbine and Engines, Generators, Others) by Application (Utility, Industrial, Commercial, Residential) and Country Forecasts 2022-2032
Europe Power Generation Equipment Market is valued approximately at USD 2.47 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.12% over the forecast period 2024-2032. Power Generation Equipment includes various technologies and components used to convert different forms of energy into electricity. Common examples are generators, turbines, transformers, boilers, solar panels, wind turbines, hydroelectric plants, and nuclear reactors. These technologies utilize energy sources like fossil fuels (coal, natural gas, oil), renewables (solar, wind, hydro), and nuclear reactions to generate electricity. Power generation equipment is essential for meeting the energy needs of industries, businesses, homes, and infrastructure, thereby supporting the functioning of modern societies and economies. Europe continues to lead the global transition towards renewable energy sources such as wind, solar, and hydroelectric power. Favorable government policies, ambitious renewable energy targets, and declining costs are driving significant investments in renewable energy generation equipment would lead the market growth.
Europe is undergoing a significant transition towards renewable energy sources such as wind, solar, and hydroelectric power. Ambitious renewable energy targets, supported by government incentives and policies, are driving investments in wind farms, solar parks, and other renewable energy projects, leading to increased demand for power generation equipment in these sectors. Moreover, the focus on improving energy efficiency and reducing energy waste is driving investments in efficient power generation equipment and cogeneration systems. Combined cycle gas turbines (CCGT), cogeneration plants, and district heating systems are gaining popularity due to their high efficiency and ability to utilize waste heat for heating and cooling applications. Furthermore, Europe Power Generation Equipment Market is driven by continuous innovation and technological advancement in power generation equipment and Investment in grid modernization and smart grid technologies. However, aging infrastructure and retrofitting costs on the other hand, will stifle market growth between 2022 and 2032.
The key countries considered for the Europe Power Generation Equipment market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, Germany was the dominating market in terms of revenue. In its long-term strategy, Germany has been at the forefront of the energy transition, known as the "Energiewende," which aims to shift the country towards a low-carbon, renewable energy-based economy. This initiative has spurred significant investments in renewable energy technologies such as wind, solar and biomass, leading to a growing demand for power generation equipment such as wind turbines, solar panels, and biomass boilers. Germany is home to several major power generation equipment manufacturers, including Siemens Energy, one of the world's leading suppliers of gas turbines, steam turbines, generators, and renewable energy solutions. Siemens Energy's expertise and innovation in power generation technologies have positioned Germany as a hub for advanced and sustainable energy solutions. The market in UK, on the other hand, is expected to grow at the fastest rate over the forecast period.
Major market player included in this report are:
Siemens Energy
Andritz AG
Voith Group
MAN Energy Solutions
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10
The detailed segments and sub-segment of the market are explained below:
By Type
Turbine and Engines
Generators
Others
By Application
Utility
Industrial
Commercial
Residential?
By Region:
Europe
UK
Germany
France
Spain
Italy
ROE
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
Europe is undergoing a significant transition towards renewable energy sources such as wind, solar, and hydroelectric power. Ambitious renewable energy targets, supported by government incentives and policies, are driving investments in wind farms, solar parks, and other renewable energy projects, leading to increased demand for power generation equipment in these sectors. Moreover, the focus on improving energy efficiency and reducing energy waste is driving investments in efficient power generation equipment and cogeneration systems. Combined cycle gas turbines (CCGT), cogeneration plants, and district heating systems are gaining popularity due to their high efficiency and ability to utilize waste heat for heating and cooling applications. Furthermore, Europe Power Generation Equipment Market is driven by continuous innovation and technological advancement in power generation equipment and Investment in grid modernization and smart grid technologies. However, aging infrastructure and retrofitting costs on the other hand, will stifle market growth between 2022 and 2032.
The key countries considered for the Europe Power Generation Equipment market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, Germany was the dominating market in terms of revenue. In its long-term strategy, Germany has been at the forefront of the energy transition, known as the "Energiewende," which aims to shift the country towards a low-carbon, renewable energy-based economy. This initiative has spurred significant investments in renewable energy technologies such as wind, solar and biomass, leading to a growing demand for power generation equipment such as wind turbines, solar panels, and biomass boilers. Germany is home to several major power generation equipment manufacturers, including Siemens Energy, one of the world's leading suppliers of gas turbines, steam turbines, generators, and renewable energy solutions. Siemens Energy's expertise and innovation in power generation technologies have positioned Germany as a hub for advanced and sustainable energy solutions. The market in UK, on the other hand, is expected to grow at the fastest rate over the forecast period.
Major market player included in this report are:
Siemens Energy
Andritz AG
Voith Group
MAN Energy Solutions
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10
The detailed segments and sub-segment of the market are explained below:
By Type
Turbine and Engines
Generators
Others
By Application
Utility
Industrial
Commercial
Residential?
By Region:
Europe
UK
Germany
France
Spain
Italy
ROE
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. EUROPE POWER GENERATION EQUIPMENT MARKET DEFINITION AND RESEARCH ASSUMPTIONS
1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
1.3.1. Inclusion & Exclusion
1.3.2. Limitations
1.3.3. Supply Side Analysis
1.3.3.1. Availability
1.3.3.2. Infrastructure
1.3.3.3. Regulatory Environment
1.3.3.4. Market Competition
1.3.3.5. Economic Viability (Consumer’s Perspective)
1.3.4. Demand Side Analysis
1.3.4.1. Regulatory frameworks
1.3.4.2. Technological Advancements
1.3.4.3. Environmental Considerations
1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Europe Power Generation Equipment Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
2.3.1. By Type
2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion
CHAPTER 3. EUROPE POWER GENERATION EQUIPMENT MARKET DYNAMICS
3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities
CHAPTER 4. EUROPE POWER GENERATION EQUIPMENT MARKET: INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
CHAPTER 5. EUROPE POWER GENERATION EQUIPMENT MARKET SIZE & FORECASTS BY TYPE 2022-2032
5.1. Turbine and Engines
5.2. Generators
5.3. Others
CHAPTER 6. EUROPE POWER GENERATION EQUIPMENT MARKET SIZE & FORECASTS BY APPLICATION 2022-2032
6.1. Utility
6.2. Industrial
6.3. Commercial
6.4. Residential
CHAPTER 7. EUROPE POWER GENERATION EQUIPMENT MARKET SIZE & FORECASTS BY COUNTRY 2022-2032
7.1. U.K. Power Generation Equipment Market
7.1.1. Type breakdown size & forecasts, 2022-2032
7.1.2. Application breakdown size & forecasts, 2022-2032
7.2. Germany Power Generation Equipment Market
7.3. France Power Generation Equipment Market
7.4. Spain Power Generation Equipment Market
7.5. Italy Power Generation Equipment Market
7.6. Rest of Europe Power Generation Equipment Market
CHAPTER 8. COMPETITIVE INTELLIGENCE
8.1. Key Company SWOT Analysis
8.1.1. Company
8.1.2. Company
8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Siemens Energy
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Market Strategies
8.3.2. Andritz AG
8.3.3. Voith Group
8.3.4. MAN Energy Solutions
8.3.5. Company
8.3.6. Company
8.3.7. Company
8.3.8. Company
8.3.9. Company
8.3.10. Company
CHAPTER 9. RESEARCH PROCESS
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
1.3.1. Inclusion & Exclusion
1.3.2. Limitations
1.3.3. Supply Side Analysis
1.3.3.1. Availability
1.3.3.2. Infrastructure
1.3.3.3. Regulatory Environment
1.3.3.4. Market Competition
1.3.3.5. Economic Viability (Consumer’s Perspective)
1.3.4. Demand Side Analysis
1.3.4.1. Regulatory frameworks
1.3.4.2. Technological Advancements
1.3.4.3. Environmental Considerations
1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Europe Power Generation Equipment Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
2.3.1. By Type
2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion
CHAPTER 3. EUROPE POWER GENERATION EQUIPMENT MARKET DYNAMICS
3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities
CHAPTER 4. EUROPE POWER GENERATION EQUIPMENT MARKET: INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
CHAPTER 5. EUROPE POWER GENERATION EQUIPMENT MARKET SIZE & FORECASTS BY TYPE 2022-2032
5.1. Turbine and Engines
5.2. Generators
5.3. Others
CHAPTER 6. EUROPE POWER GENERATION EQUIPMENT MARKET SIZE & FORECASTS BY APPLICATION 2022-2032
6.1. Utility
6.2. Industrial
6.3. Commercial
6.4. Residential
CHAPTER 7. EUROPE POWER GENERATION EQUIPMENT MARKET SIZE & FORECASTS BY COUNTRY 2022-2032
7.1. U.K. Power Generation Equipment Market
7.1.1. Type breakdown size & forecasts, 2022-2032
7.1.2. Application breakdown size & forecasts, 2022-2032
7.2. Germany Power Generation Equipment Market
7.3. France Power Generation Equipment Market
7.4. Spain Power Generation Equipment Market
7.5. Italy Power Generation Equipment Market
7.6. Rest of Europe Power Generation Equipment Market
CHAPTER 8. COMPETITIVE INTELLIGENCE
8.1. Key Company SWOT Analysis
8.1.1. Company
8.1.2. Company
8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Siemens Energy
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Market Strategies
8.3.2. Andritz AG
8.3.3. Voith Group
8.3.4. MAN Energy Solutions
8.3.5. Company
8.3.6. Company
8.3.7. Company
8.3.8. Company
8.3.9. Company
8.3.10. Company
CHAPTER 9. RESEARCH PROCESS
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
LIST OF TABLES
TABLE 1. Europe Power Generation Equipment market, report scope
TABLE 2. Europe Power Generation Equipment market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Europe Power Generation Equipment market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Europe Power Generation Equipment market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Europe Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Europe Power Generation Equipment market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Europe Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Europe Power Generation Equipment market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Europe Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Europe Power Generation Equipment market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Europe Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Europe Power Generation Equipment market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Europe Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion) Europe Power Generation Equipment market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. UK Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. UK Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 16. UK Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. Germany Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. Germany Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Germany Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. France Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 21. France Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. France Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. Italy Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 24. Italy Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Italy Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Spain Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 27. Spain Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. Spain Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. RoE Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 30. RoE Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. RoE Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. List of secondary sources, used in the study of Europe Power Generation Equipment Market.
TABLE 33. List of primary sources, used in the study of Europe Power Generation Equipment Market.
TABLE 34. Years considered for the study.
TABLE 35. Exchange rates considered.
TABLE 1. Europe Power Generation Equipment market, report scope
TABLE 2. Europe Power Generation Equipment market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Europe Power Generation Equipment market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Europe Power Generation Equipment market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Europe Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Europe Power Generation Equipment market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Europe Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Europe Power Generation Equipment market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Europe Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Europe Power Generation Equipment market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Europe Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Europe Power Generation Equipment market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Europe Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion) Europe Power Generation Equipment market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. UK Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. UK Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 16. UK Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. Germany Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. Germany Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Germany Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. France Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 21. France Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. France Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. Italy Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 24. Italy Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Italy Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Spain Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 27. Spain Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. Spain Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. RoE Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 30. RoE Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. RoE Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. List of secondary sources, used in the study of Europe Power Generation Equipment Market.
TABLE 33. List of primary sources, used in the study of Europe Power Generation Equipment Market.
TABLE 34. Years considered for the study.
TABLE 35. Exchange rates considered.
LIST OF FIGURES
FIG 1. Europe Power Generation Equipment market, research methodology
FIG 2. Europe Power Generation Equipment market, market estimation techniques
FIG 3. Europe market size estimates & forecast methods.
FIG 4. Europe Power Generation Equipment market, key trends 2023
FIG 5. Europe Power Generation Equipment market, growth prospects 2022-2032
FIG 6. Europe Power Generation Equipment market, porters 5 force model
FIG 7. Europe Power Generation Equipment market, pestel analysis
FIG 8. Europe Power Generation Equipment market, value chain analysis
FIG 9. Europe Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 10. Europe Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 11. Europe Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 12. Europe Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 13. Europe Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 14. Europe Power Generation Equipment market, Country snapshot 2022 & 2032
FIG 15. Europe Power Generation Equipment market 2022 & 2032 (USD Billion)
FIG 16. Europe Power Generation Equipment market, company market share analysis (2023)
FIG 1. Europe Power Generation Equipment market, research methodology
FIG 2. Europe Power Generation Equipment market, market estimation techniques
FIG 3. Europe market size estimates & forecast methods.
FIG 4. Europe Power Generation Equipment market, key trends 2023
FIG 5. Europe Power Generation Equipment market, growth prospects 2022-2032
FIG 6. Europe Power Generation Equipment market, porters 5 force model
FIG 7. Europe Power Generation Equipment market, pestel analysis
FIG 8. Europe Power Generation Equipment market, value chain analysis
FIG 9. Europe Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 10. Europe Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 11. Europe Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 12. Europe Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 13. Europe Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 14. Europe Power Generation Equipment market, Country snapshot 2022 & 2032
FIG 15. Europe Power Generation Equipment market 2022 & 2032 (USD Billion)
FIG 16. Europe Power Generation Equipment market, company market share analysis (2023)
