TechNavio recognizes the following companies as the key players in the Global Power Generation Market: E.ON SE, Huaneng Power International Inc., Southern Co. and Electricite de France S.A.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said: ”Energy demand across the globe is projected to increase by 44 percent by 2030. However, the of traditional power generation methods to meet this growing demand for power will inevitably lead to increased carbon and other GHG emissions. Therefore, governments across the world are not just focusing on traditional power generation techniques such as fossil fuel-based energy generation; they are also implementing various renewable energy generation techniques. This usage of traditional and modern energy generation techniques to meet the growing demand for energy is increasing the power generation capacity of market vendors. Thus, the increasing demand for energy is a positive trend that is expected to propel the growth of the Global Power Generation market during the forecast period.”
According to the report, one of the main drivers in this market is the increasing adoption of renewable power generation technologies. With the increasing focus on reducing GHG emissions from fossil fuel-based power generation plants and the depletion of energy resources, power utilities across the world are embracing renewable energy generation technologies. The various renewable energy technologies adopted in the Global Power Generation market include solar power, wind power, tidal power, biomass power, and WTE technologies.
Further, the report states that one of the major challenges in the market is the scarcity of energy resources such as crude oil that are used in power generation. The world is facing an acute shortage of fossil fuels because they are being used for power generation and to fuel automobiles.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are America Electric Power, AES Corp., AES Gener S.A., BC Hydro, CEZ a.s., China Resources Power Holdings Co. Ltd., China Yangtze Power Co. Ltd., Constellation Energy Group Inc., Datang International Power Generation Co. Ltd., Centrais Eletricas Brasileiras S.A., Dominion Resources Inc., Electric Power Development Co. Ltd., Endesa S.A., Enel S.p.A., Energie Baden-Wurttemberg AG, Enersis S.A., Eskom Holdings SOC Ltd., Exelon Corp., FirstEnergy Corp., Huadian Power International Corp. Ltd., Hydro One Inc., Hydro-Quebec International Inc., Iberdrola S.A., International Power plc, MidAmerican Energy Holdings Co., NextEra Energy Inc., NRG Energy Inc., National Thermal Power Corp. Ltd., Ontario Power Generation Inc., RWE AG, State Grid Corp. of China, and The Kansai Electric Power Co. Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-power-generation-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/clean-technology
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Power Generation Market 2012-2016
