Power Generation Market Growth Fueled by Renewable Energy Expansion 2030

Power Generation Market size was valued at USD 1012.46 Bn. in 2023 and the total Power revenue is expected to grow by 7.9 % from 2024 to 2030, reaching nearly USD 1723.97 Bn.

Comprehensive Market Overview

The latest report on the Power Generation Market delivers a deep and strategic insight essential for industry stakeholders to make informed business decisions and achieve sustainable growth. Regardless of cost structure or production methodologies, this comprehensive study unpacks the competitive landscape, emerging trends, and cutting-edge strategies shaping the Power Generation industry.

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Scope of the Report & Research Methodology

This report presents a thorough analysis of the key players' strategic approaches in the Power Generation market, combined with a detailed breakdown of various market segments and regional performance. It outlines the critical market forces—including key drivers, emerging opportunities, industry-specific challenges, and potential restraints—on both regional and segment-specific levels.

Data used in the formulation of this report were collected through an integrated research process involving both primary and secondary research techniques. Industry experts, senior executives, marketing strategists, and entrepreneurs within the Power Generation sector participated in surveys, structured interviews, and questionnaires to ensure credibility and depth. A bottom-up approach was used to estimate the global and regional market size, while SWOT analysis was applied to assess the internal strengths and weaknesses of major players operating in the industry.

Regional Analysis and Insights

The Power Generation Market report offers an in-depth regional evaluation, categorizing the market into key geographical areas including North America, South America, Europe, Asia Pacific, the Middle East, and Africa. Each regional market is analyzed independently to identify localized trends, regulatory impacts, and future growth opportunities.

Segmentation Overview

The report provides a granular analysis of the Power Generation Market by segmenting it into relevant categories and sub-categories, reflecting the diverse nature and dynamics of the industry. This structured segmentation helps stakeholders understand the niche areas with high potential and the target audience for each product or service offering.

by Type

Hydroelectricity
Fossil Fuel Electricity
Nuclear Electricity
Solar Electricity
Wind Electricity
Geothermal Electricity
Biomass Electricity
Other Electricity

by Energy Source

Non-Renewable
Renewable

by End User

Residential Sector
Commercial Sector
Industrial Sector

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Leading Market Participants

This study identifies and profiles the most influential players in the Power Generation Market, presenting their business portfolios, product innovations, financial performance, and strategic initiatives. It also includes an assessment of the competitive landscape, offering a comparison of top and emerging vendors across regions.

1. ABB Ltd.
2. China Energy Investment Corporation Limited
3. Dominion Energy, Inc.
4. Duke Energy Corporation
5. E.ON SE
6. Electricite de France S.A.
7. Enel SpA
8. Engie SA
9. Exelon Corporation
10. General Electric Company
11. Iberdrola S.A.
12. Iberdrola, S.A.
13. National Grid plc
14. NextEra Energy, Inc.
15. NTPC Ltd
16. Ørsted A/S
17. Siemens AG
18. State Grid Corporation of China
19. Tokyo Electric Power Company Holding Inc

Report Highlights:

• In-depth Market Overview

• Revenue-Based Market Share, Size & Forecast (2025–2032)

• Market Dynamics: Growth Drivers, Challenges, Investment Trends, and Key Opportunities

• Segment-Wise Detailed Analysis

• Country-Level and Regional Insights

• Competitive Landscape Featuring Top and Emerging Players

About Maximize Market Research:

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We deliver actionable insights through data-driven market estimations, technical trend analysis, strategic guidance, competitive intelligence, and impact assessments. Our mission is to empower businesses with accurate, customized research that enables confident decision-making.

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