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Global Power Generation Equipment Market Size study, by Type (Turbine and Engines, Generators, Others) by Application (Utility, Industrial, Commercial, Residential) and Regional Forecasts 2022-2032

June 2024 | 200 pages | ID: GD13FAE3CBEBEN
Bizwit Research & Consulting LLP

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Global Power Generation Equipment Market is valued approximately at USD 10.74 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.63% over the forecast period 2024-2032. Power Generation Equipment refers to a diverse array of technologies and components designed to convert various forms of energy into electricity. This equipment includes generators, turbines, transformers, boilers, solar panels, wind turbines, hydroelectric plants, and nuclear reactors. By harnessing energy sources such as fossil fuels (coal, natural gas, oil), renewable resources (solar, wind, hydro), and nuclear reactions, these technologies produce the electricity needed to power industries, commercial establishments, residential areas, and infrastructure. Power generation equipment plays a crucial role in meeting the energy demands of industries, commercial establishments, residential areas, and infrastructure, thereby contributing to the functioning of modern societies and economies. The rise of distributed energy resources (DERs) and microgrids is changing the landscape of power generation. These systems offer greater resilience, efficiency, and flexibility by allowing localized generation and consumption of electricity.

As the world's population increases and economies expand, there is a corresponding surge in the need for electricity to power homes, businesses, industries, and infrastructure. This escalating demand is particularly evident in emerging markets experiencing rapid urbanization and industrialization. To meet this escalating demand, significant investments are required in power generation infrastructure. Governments and energy companies are compelled to build new power plants and expand existing ones, leading to increased procurement of power generation equipment such as turbines, generators, transformers, and control systems. Furthermore, the market is driven by rising Grid Modernization Initiatives and growing adoption of electric vehicles (EVs) and the electrification of transportation industry. However, high initial investment costs and intermittency and grid instability, on the other hand, is expected to stifle market growth between 2022 and 2032.

The key regions considered for the global Power Generation Equipment market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific was the dominating regional market. Technological progress and innovation are pivotal drivers of market growth in power generation equipment. Across the Asia-Pacific region, there's a notable surge in advancements in power generation technologies. These include cutting-edge gas turbines, combined cycle power plants, ultra-supercritical coal-fired power plants, and energy storage systems. The focus of these innovations is on boosting energy efficiency, curbing emissions, and bolstering grid stability, aligning with the region's shifting energy needs. The market in Europe, on the other hand, is expected to grow at the fastest rate over the forecast period.

Major market player included in this report are:
ABB Ltd
Bharat Heavy Electricals Limited (BHEL)
Caterpillar Inc
Cummins Inc.
General Electric company
Mitsubishi Heavy Industries, Ltd.
Schneider Electric SE
Siemens Energy AG
Toshiba Energy Systems & Solutions Corporation
Wдrtsilд Corporation

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:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

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 regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
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. GLOBAL 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. Global 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. GLOBAL POWER GENERATION EQUIPMENT MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. GLOBAL 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. GLOBAL POWER GENERATION EQUIPMENT MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Turbine and Engines
5.2. Generators
5.3. Others

CHAPTER 6. GLOBAL POWER GENERATION EQUIPMENT MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Utility
6.2. Industrial
6.3. Commercial
6.4. Residential

CHAPTER 7. GLOBAL POWER GENERATION EQUIPMENT MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Power Generation Equipment Market
  7.1.1. U.S. Power Generation Equipment Market
    7.1.1.1. Type breakdown size & forecasts, 2022-2032
    7.1.1.2. Application breakdown size & forecasts, 2022-2032
  7.1.2. Canada Power Generation Equipment Market
7.2. Europe Power Generation Equipment Market
  7.2.1. U.K. Power Generation Equipment Market
  7.2.2. Germany Power Generation Equipment Market
  7.2.3. France Power Generation Equipment Market
  7.2.4. Spain Power Generation Equipment Market
  7.2.5. Italy Power Generation Equipment Market
  7.2.6. Rest of Europe Power Generation Equipment Market
7.3. Asia-Pacific Power Generation Equipment Market
  7.3.1. China Power Generation Equipment Market
  7.3.2. India Power Generation Equipment Market
  7.3.3. Japan Power Generation Equipment Market
  7.3.4. Australia Power Generation Equipment Market
  7.3.5. South Korea Power Generation Equipment Market
  7.3.6. Rest of Asia Pacific Power Generation Equipment Market
7.4. Latin America Power Generation Equipment Market
  7.4.1. Brazil Power Generation Equipment Market
  7.4.2. Mexico Power Generation Equipment Market
  7.4.3. Rest of Latin America Power Generation Equipment Market
7.5. Middle East & Africa Power Generation Equipment Market
  7.5.1. Saudi Arabia Power Generation Equipment Market
  7.5.2. South Africa Power Generation Equipment Market
  7.5.3. Rest of Middle East & Africa 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. ABB Ltd
    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. Bharat Heavy Electricals Limited (BHEL)
  8.3.3. Caterpillar Inc
  8.3.4. Cummins Inc.
  8.3.5. General Electric Company
  8.3.6. Mitsubishi Heavy Industries, Ltd.
  8.3.7. Schneider Electric SE
  8.3.8. Siemens Energy AG
  8.3.9. Toshiba Energy Systems & Solutions Corporation
  8.3.10. Wдrtsilд Organization
  8.3.11. Research Process
8.4. Research Process
  8.4.1. Data Mining
  8.4.2. Analysis
  8.4.3. Market Estimation
  8.4.4. Validation
  8.4.5. Publishing
8.5. Research Attributes

LIST OF TABLES

TABLE 1. Global Power Generation Equipment market, report scope
TABLE 2. Global Power Generation Equipment market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Power Generation Equipment market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Power Generation Equipment market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Power Generation Equipment market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Power Generation Equipment market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Power Generation Equipment market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Power Generation Equipment market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Power Generation Equipment market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Power Generation Equipment market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. UK Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. UK Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. UK Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Germany Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Germany Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Germany Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. France Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. France Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. France Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. Italy Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. Italy Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. Italy Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Spain Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 34. Spain Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. Spain Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. RoE Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 37. RoE Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. RoE Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. China Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 40. China Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. China Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. India Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 43. India Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. India Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. Japan Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 46. Japan Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. Japan Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Australia Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 49. Australia Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. Australia Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. South Korea Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 52. South Korea Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53. South Korea Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54.
TABLE 55. RoAPAC Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 56. RoAPAC Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57. RoAPAC Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. Brazil Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 59. Brazil Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. Brazil Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Mexico Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 62. Mexico Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. Mexico Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. RoLA Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 65. RoLA Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. RoLA Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. Saudi Arabia Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Power Generation Equipment market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. South Africa Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 71.
TABLE 72. South Africa Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 73. South Africa Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. RoMEA Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Power Generation Equipment market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. List of secondary sources, used in the study of Global Power Generation Equipment Market.
TABLE 78. List of primary sources, used in the study of Global Power Generation Equipment Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Power Generation Equipment market, research methodology
FIG 2. Global Power Generation Equipment market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Power Generation Equipment market, key trends 2023
FIG 5. Global Power Generation Equipment market, growth prospects 2022-2032
FIG 6. Global Power Generation Equipment market, porters 5 force model
FIG 7. Global Power Generation Equipment market, pestel analysis
FIG 8. Global Power Generation Equipment market, value chain analysis
FIG 9. Global Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Power Generation Equipment market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Power Generation Equipment market, regional snapshot 2022 & 2032
FIG 15. North America Power Generation Equipment market 2022 & 2032 (USD Billion)
FIG 16. Europe Power Generation Equipment market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Power Generation Equipment market 2022 & 2032 (USD Billion)
FIG 18. Latin America Power Generation Equipment market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Power Generation Equipment market 2022 & 2032 (USD Billion)
FIG 20. Global Power Generation Equipment market, company market share analysis (2023)


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