According to Cognitive Market Research, the global Electricity Generation market size was USD 2154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 646.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 495.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 107.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 43.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Thermal Generation is the market leader in the Electricity Generation industry

Market Dynamics of Electricity Generation Market

Key Drivers for Electricity Generation Market

Rising need for cooling boosts the electricity generation market: The increased demand for cooling is projected to drive the electricity generating market in the future years. Cooling is the process of lowering the temperature of an object or environment, which is usually accomplished by transporting heat away from the intended location, typically utilizing air or a cooling medium. Power generation can be utilized to cool by running air conditioning (AC) and fans to keep indoor temperatures comfortable. For instance, According to the International Energy Agency, an autonomous intergovernmental body located in France, in July 2023, more than 90% of households in the United States and Japan had an air conditioner. Cooling accounts for around 10% of global electricity use. In warmer countries, this might result in a more than 50% increase in power demand during the summer months. As a result, increased demand for cooling is likely to drive expansion in the power generating industry.

Increasing applications of electricity in the transportation industry: The growing use of energy in the transportation industry is predicted to increase demand for electricity, hence pushing the power generation market. The electrification of railways in underdeveloped and developing countries, the establishment of public transportation networks such as rapid metro transit systems, and the growing use of electric vehicles in developed countries will all create significant market opportunities for power generation companies. For instance, in order to achieve net-zero carbon emissions, the Office of Rail and Road (ORR) predicts that 13,000 track kilometers - or roughly 450 km per year - of track in the UK will need to be electrified by 2050, with 179 km electrified between 2020 and 2021. According to the Edison Electric Institute (EEl), yearly electric car sales in the United States are estimated to exceed 1.2 million by 2025. Electric vehicles are projected to account for 9% of worldwide electricity demand by 2050.

Restraint Factor for the Electricity Generation Market

High initial capital investment for renewable projects: The high initial capital for renewable projects is indeed a limiting factor for the market growth of the electricity generation sector, as most such technologies, infrastructure, and installation depend on significant up-front funding. For instance, most renewable energy technologies are highly capital intensive-solar, and wind, in particular, scares investors away from taking action, especially if they are small or developing firms. There is thus an economic limitation that restricts competition and contributes toward slower development of cleaner energy solutions. Moreover, funding can be quite tricky and challenging-especially for a poor economic climate. The payback times attached to these investment options are long, leading to uncertainty and making stakeholders reluctant to commit. These financial constraints are, therefore, blighting the transition to renewable energy as well as, more broadly, the overall electricity generation market

Trends for the Electri...

The North American Distributed Power Generation Market is Segmented by Technology (Solar PV, Wind, Combined Heat and Power (CHP), and Other Technologies) and Geography (United States, Canada, and Rest of North America). The report offers the installed capacity and forecasts for the market in gigawatts (GW) for the above segments.

The Solar Tracker for Power Generation Market is estimated to be valued at USD 8.3 billion in 2025 and is projected to reach USD 16.6 billion by 2035, registering a compound annual growth rate (CAGR) of 7.2% over the forecast period.

Dataset Description Title: Electricity Market Dataset for Long-Term Forecasting (2018–2024)

Overview: This dataset provides a comprehensive collection of electricity market data, focusing on long-term forecasting and strategic planning in the energy sector. The data is derived from real-world electricity market records and policy reports from Germany, specifically the Frankfurt region, a major European energy hub. It includes hourly observations spanning from January 1, 2018, to December 31, 2024, covering key economic, environmental, and operational factors that influence electricity market dynamics. This dataset is ideal for predictive modeling tasks such as electricity price forecasting, renewable energy integration planning, and market risk assessment.

Features Description Feature Name Description Type Timestamp The timestamp for each hourly observation. Datetime Historical_Electricity_Prices Hourly historical electricity prices in the Frankfurt market. Continuous (Float) Projected_Electricity_Prices Forecasted electricity prices (short, medium, long term). Continuous (Float) Inflation_Rates Hourly inflation rate trends impacting energy markets. Continuous (Float) GDP_Growth_Rate Hourly GDP growth rate trends for Germany. Continuous (Float) Energy_Market_Demand Hourly electricity demand across all sectors. Continuous (Float) Renewable_Investment_Costs Investment costs (capital and operational) for renewable energy projects. Continuous (Float) Fossil_Fuel_Costs Costs for fossil fuels like coal, oil, and natural gas. Continuous (Float) Electricity_Export_Prices Prices for electricity exports from Germany to neighboring regions. Continuous (Float) Market_Elasticity Sensitivity of electricity demand to price changes. Continuous (Float) Energy_Production_By_Solar Hourly solar energy production. Continuous (Float) Energy_Production_By_Wind Hourly wind energy production. Continuous (Float) Energy_Production_By_Coal Hourly coal-based energy production. Continuous (Float) Energy_Storage_Capacity Available storage capacity (e.g., batteries, pumped hydro). Continuous (Float) GHG_Emissions Hourly greenhouse gas emissions from energy production. Continuous (Float) Renewable_Penetration_Rate Percentage of renewable energy in total energy production. Continuous (Float) Regulatory_Policies Categorical representation of regulatory impact on electricity markets (e.g., Low, Medium, High). Categorical Energy_Access_Data Categorization of energy accessibility (Urban or Rural). Categorical LCOE Levelized Cost of Energy by source. Continuous (Float) ROI Return on investment for energy projects. Continuous (Float) Net_Present_Value Net present value of proposed energy projects. Continuous (Float) Population_Growth Population growth rate trends impacting energy demand. Continuous (Float) Optimal_Energy_Mix Suggested optimal mix of renewable, non-renewable, and nuclear energy. Continuous (Float) Electricity_Price_Forecast Predicted electricity prices based on various factors. Continuous (Float) Project_Risk_Analysis Categorical analysis of project risks (Low, Medium, High). Categorical Investment_Feasibility Indicator of the feasibility of energy investments. Continuous (Float) Use Cases Electricity Price Forecasting: Utilize historical and projected price trends to predict future electricity prices. Project Risk Classification: Categorize projects into risk levels for better decision-making. Optimal Energy Mix Analysis: Analyze the balance between renewable, non-renewable, and nuclear energy sources. Policy Impact Assessment: Study the effect of regulatory and market policies on energy planning. Long-Term Strategic Planning: Provide insights into investment feasibility, GHG emission reduction, and energy market dynamics. Acknowledgment This dataset is based on publicly available records and market data specific to the Frankfurt region, Germany. The dataset is designed for research and educational purposes in energy informatics, computational intelligence, and long-term forecasting.

The global coal power generation market demand is estimated to reach 2,285.69 GW by 2031, growing at a CAGR of 1.4% and Asia Pacific region has the largest share of the coal power generation market.
Report Scope:

Discover the booming captive power generation market! This in-depth analysis reveals key trends, drivers, restraints, and regional growth projections (2025-2033). Explore market segmentation, leading companies (Wartsila, GE, etc.), and future opportunities in cogeneration, tri-generation, and more.

Coal Power Generation Market size was 2024.83 GW in 2022 and is expected to reach a value of 2335.78 GW in 2034, and register a revenue CAGR of 1.6% during the forecast period.

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The Power Generation Market size is expected to reach USD 2,891.7 billion in 2010 growing at a CAGR of 4.6. Comprehensive Power Generation Market report covering size, segmentation, competitive landscape, and revenue forecasts.

The Rental Power Generation Market size is expected to reach USD 21.4 billion in 2050 growing at a CAGR of 5.8. Rental Power Generation Market report providing segmentation, growth potential, demand analysis, and competitive landscape.

The market is segmented by Technology (Solar PV, Wind, Combined Heat and Power (CHP), and Other Technologies), and Geography (China, India, Japan and Rest of Asia-Pacific)

The size of the Digital Power Generation Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.80">> 5.80% during the forecast period. Recent developments include: In March 2021, ABB reached the cumulative 5-gigawatt (GW) mark in providing Programmable Logic Controller-based (PLC) solar plant automation solutions in India., In September 2021, Infosys Ltd and Microsoft Corp. signed a multi-year strategic deal with Ausgrid to accelerate the cloud transformation of the largest electricity distributor on Australia's east coast., In October 2021, SP Group partnered with the Energy Market Authority (EMA) and the Science and Technology Policy and Plans Office to develop the country's first digital twin for the national grid. The digital twin is expected to help improve the resilience and reliability of the Singapore grid through real-time monitoring of events.. Key drivers for this market are: 4., Supportive Government Policies and Incentives4.; Environmental Concerns. Potential restraints include: 4., Fossil Fuel Subsidies. Notable trends are: Power Generation Segment to Witness Significant Growth.

The global nuclear electric power generation market should reach $156.2 billion by 2023 from $129.8 billion in 2018 at a compound annual growth rate (CAGR) of 3.8% for the period of 2018-2023.

As of June 2024, Tuas Power Generation Pte Ltd held the largest market share in Singapore with approximately **** percent. The electricity generation capacity of Tuas Power Generaton Pte Ltd amounted to ****** megawatts.

The size of the Asia-Pacific Distributed Power Generation Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 10.00">> 10.00% during the forecast period. Key drivers for this market are: 4., Declining Solar Panel Costs4.; Supportive Government Policies. Potential restraints include: 4., High Upfront Cost. Notable trends are: Solar PV Based Distributed Power Generation to Witness Significant Growth.

Thermal Power Plant Market size was valued at USD 1486.9 Billion in 2024 and is projected to reach USD 1942.88 Billion by 2031, growing at a CAGR of 3.40% during the forecast period 2024-2031.

The market for thermal power plants is expanding significantly due to a number of important factors. First, the market is expanding because to the rising demand for power worldwide brought on by urbanization, industrialization, and population growth. Thermal power plants—which include those that run on coal, natural gas, and oil—continue to be vital producers of electricity, especially in areas with a plentiful supply of fossil fuels. Second, in order to fulfill the rising energy demand and maintain grid stability, investment in thermal power plants is being driven by the growing emphasis on energy security, grid dependability, and baseload power generation. Furthermore, technological developments are propelling market innovation and enabling reduced emissions and increased efficiency from thermal power plants. Examples of these developments include integrated gasification combined cycle (IGCC) systems, combined cycle plants, and supercritical and ultra-supercritical boilers. Furthermore, the Thermal Power Plant Market is expanding due to favorable government policies, incentives for clean coal technology, and expenditures in updating outdated power infrastructure.

The size of the Biomass Power Generation Market was valued at USD XX USD Billion in 2023 and is projected to reach USD XXX USD Billion by 2032, with an expected CAGR of 5.4% during the forecast period. Key drivers for this market are: Growing Focus on Safety and Organization to Fuel Market Growth. Potential restraints include: Inclination Towards Renewable Energy to Hamper Market Growth . Notable trends are: Solar Energy to Play a Significant Role in Achieving Green Energy Targets .

The size of the Oilfield Power Generation Market market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 1.50">> 1.50% during the forecast period. Key drivers for this market are: 4., Soaring Demand From Natural Gas Sector4.; Increasing Demand From The Refinery And Petrochemical Sector. Potential restraints include: 4., Higher Capital Cost Compared To Traditional Internal Combustion Engines. Notable trends are: Onshore Segment Expected to Dominate the Market.

The electricity generation market value in Europe is forecast to grow at a compound annual growth rate of approximately *** percent between 2024 and 2031. This figure will increase from ***** billion U.S. dollars in 2023 to ***** billion U.S. dollars by 2031. Europe's share of the global electricity generation market value is projected to decrease over the next decade. More information on the global electricity generation market value can be found here.