Product Code: 17424
The Global Power Generation Market will grow from USD 2.84 Trillion in 2025 to USD 4.14 Trillion by 2031 at a 6.48% CAGR. The Global Power Generation Market comprises the industrial conversion of primary energy sources, such as fossil fuels, nuclear material, and renewable resources, into electrical power for residential, commercial, and industrial application.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 2.84 Trillion |
| Market Size 2031 | USD 4.14 Trillion |
| CAGR 2026-2031 | 6.48% |
| Fastest Growing Segment | On Grid |
| Largest Market | Asia Pacific |
Key Market Drivers
The accelerated transition toward renewable energy sources is fundamentally reshaping the global power generation landscape as nations strive to meet climate goals and reduce reliance on volatile fossil fuel markets. This shift is characterized by the massive deployment of solar photovoltaic and wind energy systems, which are becoming increasingly cost-competitive against traditional thermal generation. Governments and utilities are prioritizing utility-scale renewable projects to secure long-term energy security and price stability.
Key Market Challenges
The inadequacy of aging transmission and distribution infrastructure serves as a formidable bottleneck impeding the Global Power Generation Market. As the industry transitions toward decentralized power sources, legacy grids designed for centralized fossil fuel generation lack the flexibility and capacity to manage high volumes of variable energy. This structural deficiency leads to severe grid congestion, preventing newly constructed generation assets from connecting to the network.
Key Market Trends
The rapid deployment of Battery Energy Storage Systems (BESS) is becoming a structural necessity within the market to manage the inherent variability of intermittent renewable assets. Unlike traditional thermal plants that provide on-demand baseload, solar and wind generation requires utility-scale storage solutions to time-shift energy delivery and ensure grid stability through frequency regulation. This technological proliferation allows operators to store excess production during peak generation hours and discharge electricity during high-demand periods, effectively decoupling generation capacity from immediate consumption needs.
Key Market Players
- China Huadian Corporation
- State Power Investment Corporation Limited
- China Southern Power Grid Ltd
- China Energy Engineering Corporation
- China National Nuclear Power Corporation
- China General Nuclear Power Group
- Electricite de France S.A.
- Enel S.p.A.
- RWE Power AG
- E.ON SE
Report Scope:
In this report, the Global Power Generation Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Power Generation Market, By Type:
- Hydroelectricity
- Fossil Fuel Electricity
- Nuclear Electricity
- Solar Electricity
- Wind Electricity
- Geothermal Electricity
- Biomass Electricity
- Others
Power Generation Market, By End-User:
- Industrial
- Commercial
- Residential
- Transportation
Power Generation Market, By Source:
- Non-Renewable Source
- Renewable Source
Power Generation Market, By Grid:
Power Generation Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Power Generation Market.
Available Customizations:
Global Power Generation Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Power Generation Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Hydroelectricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Others)
- 5.2.2. By End-User (Industrial, Commercial, Residential, Transportation)
- 5.2.3. By Source (Non-Renewable Source, Renewable Source)
- 5.2.4. By Grid (Off Grid, On Grid)
- 5.2.5. By Region
- 5.2.6. By Company (2025)
- 5.3. Market Map
6. North America Power Generation Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By End-User
- 6.2.3. By Source
- 6.2.4. By Grid
- 6.2.5. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Power Generation Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By End-User
- 6.3.1.2.3. By Source
- 6.3.1.2.4. By Grid
- 6.3.2. Canada Power Generation Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By End-User
- 6.3.2.2.3. By Source
- 6.3.2.2.4. By Grid
- 6.3.3. Mexico Power Generation Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By End-User
- 6.3.3.2.3. By Source
- 6.3.3.2.4. By Grid
7. Europe Power Generation Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By End-User
- 7.2.3. By Source
- 7.2.4. By Grid
- 7.2.5. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Power Generation Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By End-User
- 7.3.1.2.3. By Source
- 7.3.1.2.4. By Grid
- 7.3.2. France Power Generation Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By End-User
- 7.3.2.2.3. By Source
- 7.3.2.2.4. By Grid
- 7.3.3. United Kingdom Power Generation Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By End-User
- 7.3.3.2.3. By Source
- 7.3.3.2.4. By Grid
- 7.3.4. Italy Power Generation Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By End-User
- 7.3.4.2.3. By Source
- 7.3.4.2.4. By Grid
- 7.3.5. Spain Power Generation Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By End-User
- 7.3.5.2.3. By Source
- 7.3.5.2.4. By Grid
8. Asia Pacific Power Generation Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By End-User
- 8.2.3. By Source
- 8.2.4. By Grid
- 8.2.5. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Power Generation Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By End-User
- 8.3.1.2.3. By Source
- 8.3.1.2.4. By Grid
- 8.3.2. India Power Generation Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By End-User
- 8.3.2.2.3. By Source
- 8.3.2.2.4. By Grid
- 8.3.3. Japan Power Generation Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By End-User
- 8.3.3.2.3. By Source
- 8.3.3.2.4. By Grid
- 8.3.4. South Korea Power Generation Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By End-User
- 8.3.4.2.3. By Source
- 8.3.4.2.4. By Grid
- 8.3.5. Australia Power Generation Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By End-User
- 8.3.5.2.3. By Source
- 8.3.5.2.4. By Grid
9. Middle East & Africa Power Generation Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By End-User
- 9.2.3. By Source
- 9.2.4. By Grid
- 9.2.5. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Power Generation Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By End-User
- 9.3.1.2.3. By Source
- 9.3.1.2.4. By Grid
- 9.3.2. UAE Power Generation Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By End-User
- 9.3.2.2.3. By Source
- 9.3.2.2.4. By Grid
- 9.3.3. South Africa Power Generation Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By End-User
- 9.3.3.2.3. By Source
- 9.3.3.2.4. By Grid
10. South America Power Generation Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By End-User
- 10.2.3. By Source
- 10.2.4. By Grid
- 10.2.5. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Power Generation Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By End-User
- 10.3.1.2.3. By Source
- 10.3.1.2.4. By Grid
- 10.3.2. Colombia Power Generation Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By End-User
- 10.3.2.2.3. By Source
- 10.3.2.2.4. By Grid
- 10.3.3. Argentina Power Generation Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By End-User
- 10.3.3.2.3. By Source
- 10.3.3.2.4. By Grid
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Power Generation Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. China Huadian Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. State Power Investment Corporation Limited
- 15.3. China Southern Power Grid Ltd
- 15.4. China Energy Engineering Corporation
- 15.5. China National Nuclear Power Corporation
- 15.6. China General Nuclear Power Group
- 15.7. Electricite de France S.A.
- 15.8. Enel S.p.A.
- 15.9. RWE Power AG
- 15.10. E.ON SE
16. Strategic Recommendations
17. About Us & Disclaimer