Global Natural Gas-Fired Electricity Generation Market is expected to reach US $55.26 Bn., thanks to growth in the Technology, and End-Use segment. The report analyzes market dynamics by region and end-user industries.
Global Natural Gas-Fired Electricity Generation Market Overview
A new market intelligence report published by Maximize Market Research, a global market intelligence firm, indicates the potential for significant growth in the Global Natural Gas-Fired Electricity Generation Market for suppliers during the forecast period through 2029. The report includes an analysis of the growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global Global Natural Gas-Fired Electricity Generation Market, as well as a list of key players and their business strategies.
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Global Natural Gas-Fired Electricity Generation Market Report Scope and Research Methodology
The Global Natural Gas-Fired Electricity Generation Market dynamics are thoroughly analyzed in the report, providing the reader with insights into emerging market trends, drivers, restraints, opportunities, and challenges at global and regional levels. Maximize Market Research collected the data through primary research surveys with product dealers, suppliers, international market supplies, and dealers, as well as a dedicated team of subject matter experts who meticulously track and analyze the Global Natural Gas-Fired Electricity Generation Market industry. The bottom-up approach was employed to estimate the Global Natural Gas-Fired Electricity Generation Market size. The report also includes a list of several ongoing development projects from various industries, followed by information on key projects that are in the development stage and may have a positive or negative impact on the global Global Natural Gas-Fired Electricity Generation Market.
Global Natural Gas-Fired Electricity Generation Market Dynamics
As environmental concerns about the high carbon emissions from coal-fired electricity generation plants have grown natural gas-fired power stations have become a cleaner option for baseload electricity generation. Some of the world’s major countries in the Asia Pacific, Europe, and North America expect to be able to replace coal with natural gas as the primary source of electricity generation.
Global Natural Gas-Fired Electricity Generation Market Regional Insights
The report includes a region-wise detailed analysis of the Global Natural Gas-Fired Electricity Generation Market including market dynamics, regional market structure and key players in each region. The regions are North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.
Global Natural Gas-Fired Electricity Generation Market Segmentation
In 2019, the Combined Cycle segment was dominant and held 78.2% of the overall market share. Natural gas-fired combined cycle power generation is now the cleanest possible source of power from hydrocarbon fuels, and this technology is becoming more actively used as natural gas becomes more affordable. This technology has gained popularity as a result of its capacity to improve a plant’s overall efficiency. In addition, compared to open cycle technology, combined cycle technology uses less fuel to produce the same amount of electricity.
In 2019, the Power & Utility segment was dominant and held 85.8% of the overall market share in terms of revenue because of the need for large-scale power stations to meet the rising baseload power demand. Also, the increased demand for electricity from the residential, commercial, industrial sectors, as well as the decommissioning of outdated coal-fired power plants, is expected to drive the development of natural gas-fired electricity generation plants. These factors are also expected to contribute to the power and utility segment’s growth over the forecast period.
Global Natural Gas-Fired Electricity Generation Market Key Players
• General Electric
• Siemens AG
• Mitsubishi Hitachi Power Systems Ltd.
• Kawasaki Heavy Industries Ltd.
• Ansaldo Energia S.P.A.
• Power Grid Corporation
• National Thermal Power Corporation
• Damodar Valley Corporation
• Royal Dutch Shell
• BP PLC
• Novatek
• Albama Power
• Decatur Utilities
• Arizona Public Service
• Public Service Company of Colorado
• Direct Energy
• Georgia Power
• Solar Turbines Inc.
• Centrax Gas Turbines
• Opra Turbines
Key Questions answered in the Global Natural Gas-Fired Electricity Generation Market Report are:
- What is Global Natural Gas-Fired Electricity Generation Market?
- What is the expected Global Natural Gas-Fired Electricity Generation Market size in 2029?
- How the major segments of the global Global Natural Gas-Fired Electricity Generation Market are expected to develop during the forecast period?
- Who are the top suppliers and producers in the Global Natural Gas-Fired Electricity Generation Market industry?
- What is the expected Global Natural Gas-Fired Electricity Generation Market size by the end of the forecast period?
- Which region held the largest Global Natural Gas-Fired Electricity Generation Market share in 2022?
- Who are the key players in the Global Natural Gas-Fired Electricity Generation Market industry?
- Which Global Natural Gas-Fired Electricity Generation Market segment is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Application, Technology, Type, End-User, and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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