PUNE, India, March 8, 2017 /PRNewswire/ --
The report "Top 10 Power Generation Technologies Market by Generation (Steam Turbine, Micro Turbine, Gas Turbine, Gas Engine, Micro CHP, Nuclear Power Reactor, Small Wind, Diesel Generator and Gas Generator, and Concentrating Solar Power) - Global Forecast to 2021", published by MarketsandMarkets, the market is expected to grow from an estimated USD 64.15 Billion in 2016 to USD 85.40 Billion by 2021.
Browse 66 market data Tables and 41 Figures spread through 193 Pages and in-depth TOC on "Top 10 Power Generation Technologies Market"
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Factors such as increase in electricity consumption and subsequent investment in power generation capacity and modernization of existing power generation systems are driving the market globally.
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The diesel and gas generator sales market is the largest segment in the power generation technologies category
In terms of the market, by power generation technology, the diesel and gas generator sales market held the largest market size in 2015. Factors such as rapid urbanization in developing countries, growing demand for data centers and IT facilities, growth of healthcare infrastructure, and growing demand for uninterrupted and reliable power supply are positively influencing the diesel and gas generator sales market.
The gas turbine market is the second largest segment in the power generation technologies category
In terms of the market, by technology, the gas turbine market held the second largest market size in 2015. Factors such as lower carbon dioxide emissions, efficient generation technology, boom in gas production, and increasing electricity consumption and consequent investments in generation capacity, would necessitate the growth of the market for gas turbines.
The Asia-Pacific market is the dominant market for most power generation technologies.
Asia-Pacific is the largest market for most of the products in the Power Generation Technologies Market. Within the Asia-Pacific region, the growth of the Power Generation Technologies Market can be attributed to factors such as increase in electricity consumption and subsequent investment in power generation capacity, especially in developing economies such as China and India. China has established itself as an industry dominating country with the industrial sector contributing more than 50% of its GDP. The growth of the industrial sector has tremendously increased power production and consumption in China. These factors have made China one of the most lucrative markets for the power industry.
To provide an in-depth understanding of the competitive landscape, the report includes the profiles of companies, namely, Siemens AG (Germany), Mitsubishi Heavy Industries, Ltd. (Japan), Alstom S.A. (France), Ansaldo Energia S.p.A (Italy), Caterpillar, Inc. (U.S.), Cummins, Inc. (U.S) , Yanmar Co., Ltd. (Japan), General Electric Company (U.S.), Mitsubishi Hitachi Power Systems (Japan), Shanghai Electric Group Co., Ltd. (China), Dongfang Electric Corporation Ltd. (China), Harbin Electric International Company (China), Abengoa Solar (Spain), Capstone Turbine Corporation (U.S.), Northern Power Systems (U.S.), Wind Energy Solutions (Netherlands), BDR Thermea Group (Netherlands), and Viessmann Group (Germany).
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