Top 10 Power Generation Technologies Market by Generation - Global Forecast to 2021

  • ID: 4091279
  • Report
  • Region: Global
  • 195 Pages
  • Markets and Markets
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The Power Generation Technologies Market is Expected to Grow from an Estimated USD 64.15 Billion in 2016 to USD 85.40 Billion by 2021

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  • Abengoa Solar, S.A.
  • Areva Sa
  • Caterpillar Inc.
  • Flexenergy, Inc
  • Northern Power Systems
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"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"

The small wind market is expected to reach USD 954.7 million by 2021

The small wind market is expected to grow from an estimated USD 405.0 million in 2016 to USD 954.7 million by 2021. Energy consumption is increasing rapidly worldwide and factors such as rising population and economic growth in emerging countries can create a demand-and-supply gap in the energy sector over a period of time. The market for small wind is majorly driven by encouragement to environmental policies to use renewable sources, increased standardization of technology to help manufacturing companies attain economies of scale, and reduction in the cost of wind energy generation.

The micro CHP market would grow at a faster pace during the forecast period

The market for micro CHP is expected to grow at a significant pace during the forecast period, second only to the small wind market. The two North American countries where the sector is gradually developing are the U.S. and Canada. The main factors driving the U.S.’s micro CHP market are government support and increased consumer awareness. The North American market could be a game-changer in the future as it not only has the potential for huge sales volumes, but, it also has high per capita energy consumption. Factors such as electricity generation at reduced cost would impart growth in the micro CHP market.

Asia-Pacific is the largest market for most of the power generation technologies market

Asia-Pacific is the largest market for most of the power generation technologies market. The largest economies in Asia-Pacific, such as China and India, have the most potential for the power generation technologies market, with both countries projected to account major share of global power generation technologies over the next five years.

Breakdown of Primaries

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitate information, as well as, assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 25%, Tier 2- 25%, and Tier 3- 50%
  • By Designation: C-Level- 37%, Director Level- 25%, and Engineer Level- 38%
  • By Region: Asia-Pacific- 38%, EMEA 37%, and Americas 25%

Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 => USD 10 billion, Tier 2 = From USD 1 billion to USD 10 billion, and Tier 3 =

The industry’s leading players have been profiled with their recent developments and other strategic activities. These include Siemens AG (Germany), Mitsubishi Heavy Industries, Ltd. (Japan), General Electric Company (U.S.), Ansaldo Energia S.p.A (Italy), Caterpillar, Inc. (U.S.), Cummins, Inc. (U.S.), Yanmar Co., Ltd. (Japan), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Shanghai Electric Group Co., Ltd. (China), Harbin Electric International Company Limited (China), Abengoa Solar, S.A. (Spain), Capstone Turbine Corporation (U.S.), Northern Power Systems (U.S.), Wind Energy Solutions (The Netherlands), BDR Thermea Group (The Netherlands), Viessmann Group (Germany), among others.

Research Coverage:

The power generation technologies covered in this study include steam turbines, micro turbines, gas turbines, gas engines, micro CHP, nuclear power reactors, small wind, diesel and gas generators, and concentrating solar power. The study aims at estimating the market size and future growth potential of this market across different regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, business overviews, and recent developments.

Why buy this report?

1. The report identifies and addresses key markets for power generation technologies, which is useful to suppliers and OEMs to review production and distribution plans.
2. The report includes analysis of key markets of power generation technologies. It also analyzes historical trends and forecasts till 2021, assisting in strategic decision making.
3. It presents a competitive landscape by analyzing recent market developments such as key contracts, new product launches, expansions, and mergers & acquisitions by the key global market players. It helps understand competitive strategies and plan respective initiatives.

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FEATURED COMPANIES

  • Abengoa Solar, S.A.
  • Areva Sa
  • Caterpillar Inc.
  • Flexenergy, Inc
  • Northern Power Systems
  • Viessmann Group
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Steam Turbine
1.2.2 Micro Turbine
1.2.3 Gas Turbine
1.2.4 Gas Engine
1.2.5 Micro CHP
1.2.6 Nuclear Power Reactor
1.2.7 Small Wind
1.2.8 Diesel Generators
1.2.9 Gas Generators
1.2.10 Concentrating Solar Power
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Market Breakdown & Data Triangulation
2.3 Research Assumptions
2.3.1 Assumptions

3 Executive Summary & Premium Insights
3.1 Introduction
3.2 Current Scenario
3.3 Future Outlook
3.4 Conclusion

4 Power Generation Technologies Market
4.1 Introduction
4.2 Steam Turbine
4.2.1 Market Dynamics
4.2.1.1 Drivers
4.2.1.1.1 Increasing Electricity Consumption
4.2.1.1.2 Rising Thermal Power Capacity Additions
4.2.1.1.3 Increase in Combined Cycle and Cogeneration Operations
4.2.1.2 Restraints
4.2.1.2.1 Regulatory Policy Restrictions on Fossil Fuel-Fired Power Plants
4.2.1.3 Opportunity
4.2.1.3.1 Replacement/Upgradation of Aged Power Generation Infrastructure
4.2.1.4 Challenges
4.2.1.4.1 Boiler Efficiency and Steam Quality
4.2.2 Steam Turbine Market
4.2.2.1 Asia-Pacific
4.2.2.2 Europe
4.2.2.3 The Americas
4.2.2.4 Middle East & Africa
4.3 Micro Turbine
4.3.1 Market Dynamics
4.3.1.1 Drivers
4.3.1.1.1 Increase in Energy Demand
4.3.1.1.2 High Reliability
4.3.1.1.3 Focus on Generating Clean Energy
4.3.1.1.4 Easy Availability of Fuel
4.3.1.2 Restraints
4.3.1.2.1 Low Electrical Efficiency
4.3.1.3 Opportunities
4.3.1.3.1 Fluctuating Weather Conditions
4.3.1.3.2 Unreliable Grid Conditions
4.3.1.3.3 Urbanization and Industrialization
4.3.1.4 Challenges
4.3.1.4.1 Electrical Grid Modernization and Network Upgradation
4.3.1.4.2 Competition From Existing Distributed Generation Technologies
4.3.2 Micro Turbine Market
4.3.2.1 North America
4.3.2.2 Europe
4.3.2.3 Asia-Pacific
4.3.2.4 The Rest of the World
4.4 Gas Turbines
4.4.1 Market Dynamics
4.4.1.1 Drivers
4.4.1.1.1 Lower Carbon Dioxide Emissions
4.4.1.2 Restraints
4.4.1.2.1 Supply Security and Infrastructure Concerns
4.4.1.3 Opportunities
4.4.1.3.1 Growing Trend of Distributed Power Generation
4.4.1.4 Challenges
4.4.1.4.1 Limited Natural Gas Reserves
4.4.2 Gas Turbines Market
4.4.2.1 Asia-Pacific
4.4.2.2 Europe
4.4.2.3 North America
4.4.2.4 Middle East & Africa
4.4.2.5 Latin America
4.5 Gas Engines
4.5.1 Market Dynamics
4.5.1.1 Drivers
4.5.1.1.1 Drop in Natural Gas Prices
4.5.1.1.2 Clean and Efficient Power Generation Technology
4.5.1.1.3 Rising Environmental Concerns
4.5.1.2 Restraints
4.5.1.2.1 Price Disparity Across Regional Markets
4.5.1.2.2 Supply Security and Infrastructure Concerns
4.5.1.3 Opportunities
4.5.1.3.1 Shifting Towards Gas-Fired Power Plants
4.5.1.3.2 Growing Trend of Distributed Power Generation
4.5.1.4 Challenges
4.5.1.4.1 Limited Natural Gas Reserves
4.5.2 Gas Engines Market
4.5.2.1 Europe
4.5.2.2 North America
4.5.2.3 Asia-Pacific
4.5.2.4 Middle East & Africa
4.5.2.5 South America
4.6 Micro-CHP
4.6.1 Market Dynamics
4.6.1.1 Drivers
4.6.1.1.1 Autonomous Heat and Electricity Generation
4.6.1.1.2 Progressive Government Support
4.6.1.1.3 Reduction in Carbon Footprint
4.6.1.2 Restraints
4.6.1.2.1 High Price of Micro-CHP Units
4.6.1.2.2 Consumer Utility and Assistance
4.6.1.2.3 Infrastructural Hurdles
4.6.1.3 Opportunities
4.6.1.3.1 Absolute Substitute of Heating Boilers
4.6.1.3.2 Residential/Commercial Construction Market
4.6.1.4 Challenges
4.6.1.4.1 Low Price of Natural Gas in Europe and Other Regions
4.6.2 Micro CHP Market
4.6.2.1 Asia-Pacific
4.6.2.2 Europe
4.6.2.3 North America
4.7 Nuclear Power Reactors
4.7.1 Market Dynamics
4.7.1.1 Drivers
4.7.1.1.1 Cleaner Generation of Electricity
4.7.1.1.2 Increasing Energy Demand
4.7.1.1.3 Security of Supply
4.7.1.2 Restraints
4.7.1.2.1 Costlier Nuclear Power Plants
4.7.1.2.2 Environmental Concerns and Efficiency of the Nuclear Power Plants
4.7.2 Nuclear Power Reactor Market
4.7.2.1 The Americas
4.7.2.2 Asia-Pacific
4.7.2.3 Europe
4.7.2.4 The Rest of World
4.8 Small Wind
4.8.1 Market Dynamics
4.8.1.1 Drivers
4.8.1.1.1 Encouraging Environmental Policies
4.8.1.1.2 Plummeting Cost of Wind Energy Generation
4.8.1.1.3 Increasing Standardization
4.8.1.2 Restraints
4.8.1.2.1 Localized Regulatory Hurdles
4.8.1.2.2 High Capital Investment
4.8.2 Small Wind Market
4.8.2.1 The Americas
4.8.2.2 Europe
4.8.2.3 Asia-Pacific
4.9 Diesel and Gas Generators
4.9.1 Market Dynamics
4.9.1.1 Drivers
4.9.1.1.1 Growing Demand for Uninterrupted and Reliable Power Supply
4.9.1.1.2 Growth of Healthcare Infrastructure
4.9.1.1.3 Rising Demand for Data Centres and It Facilities
4.9.1.1.4 Rapid Urbanization in Developing Countries
4.9.1.2 Restraints
4.9.1.2.1 Limited Power Generation Capacity
4.9.1.2.2 High Maintenance and Operating Costs
4.9.1.2.3 Rise in T&D Expenditure
4.9.1.3 Opportunities
4.9.1.3.1 Rural and Remote Area Electrification in Developing Countries
4.9.1.3.2 Bi-Fuel Generators and Inverter Generators
4.9.1.4 Challenges
4.9.1.4.1 Rise in Captive Power Plants
4.9.1.4.2 Stringent Government Regulations
4.9.2 Diesel and Gas Generator Market
4.9.2.1 Asia-Pacific
4.9.2.2 North America
4.9.2.3 Europe
4.9.2.4 Middle East & Africa
4.9.2.5 South America
4.10 Concentrating Solar Power
4.10.1 Market Dynamics
4.10.1.1 Drivers
4.10.1.1.1 Growing Environmental Concerns Over Carbon Emissions and Efforts to Reduce Air Pollution
4.10.1.1.2 Policy Support From Governments to Enable Adoption of Renewable Technologies
4.10.1.1.3 Ability to Supply Dispatchable Power
4.10.1.2 Restraints
4.10.1.2.1 Higher Cost of Generation Compared to Other Renewable Technologies
4.10.1.3 Opportunities
4.10.1.3.1 Application in Hybrid Power Plants
4.10.1.3.2 Mining Industry Investing in Renewables
4.10.1.3.3 Applications in Desalination and Enhanced Oil Recovery
4.10.1.4 Challenges
4.10.1.4.1 Land and Water Requirements
4.10.1.4.2 Technical Challenges
4.10.2 Concentrating Solar Power Market
4.10.2.1 North America
4.10.2.2 Latin America
4.10.2.3 Europe
4.10.2.4 Asia-Pacific
4.10.2.5 Middle East & Africa

5 Competitive Landscape
5.1 Overview
5.2 Market Ranking, 2015
5.3 Competitive Situation & Trends
5.4 Contracts & Agreements
5.5 New Product Launches
5.6 Expansions
5.7 Mergers & Acquisitions
5.8 Others (Joint Ventures, Partnerships, Collaborations, and Strategic Alliances)

6 Company Profiles
6.1 Introduction
6.2 Siemens AG
6.2.1 Business Overview
6.2.2 Products Offered
6.2.3 Developments, 2011-2017
6.4 Mitsubishi Heavy Industries, Ltd
6.4.1 Business Overview
6.4.2 Products Offered
6.4.3 Developments, 2007-2016
6.5 Alstom S.A.
6.5.1 Business Overview
6.5.2 Products Offered
6.5.3 Developments, 2012-2015
6.6 Ansaldo Energia S.P.A.
6.6.1 Business Overview
6.6.2 Products Offered
6.6.3 Developments, 2013-2016
6.7 Caterpillar Inc.
6.7.1 Business Overview
6.7.2 Products Offered
6.7.3 Developments, 2011-2016
6.8 Cummins Inc.
6.8.1 Business Overview
6.8.2 Products Offered
6.8.3 Developments, 2012-2016
6.9 Yanmar Co., Ltd.
6.9.1 Business Overview
6.9.2 Products Offered
6.9.3 Developments, 2013-2016
6.10 General Electric Company
6.10.1 Business Overview
6.10.2 Products Offered
6.10.3 Developments, 2012-2017
6.11 Mitsubishi Hitachi Power Systems, Ltd
6.11.1 Business Overview
6.11.2 Products Offered
6.11.3 Developments, 2013-2016
6.12 Shanghai Electric Group Co. Ltd
6.12.1 Business Overview
6.12.2 Products Offered
6.12.3 Developments, 2013
6.13 Dongfang Electric Corporation Limited
6.13.1 Business Overview
6.13.2 Products Offered
6.13.3 Developments, 2013-2015
6.14 Harbin Electric International Company Limited
6.14.1 Business Overview
6.14.2 Products Offered
6.14.3 Developments, 2012-2016
6.15 Abengoa Solar, S.A.
6.15.1 Business Overview
6.15.2 Products Offered
6.15.3 Developments, 2014-2016
6.16 Capstone Turbine Corporation
6.16.1 Business Overview
6.16.2 Products Offered
6.16.3 Developments, 2015-2016
6.17 Northern Power Systems
6.17.1 Business Overview
6.17.2 Products Offered
6.17.3 Developments, 2010-2014
6.18 Wind Energy Solutions
6.18.1 Business Overview
6.18.2 Products Offered
6.18.3 Developments, 2014
6.19 Bdr Thermea Group
6.19.1 Business Overview
6.19.2 Products Offered
6.19.3 Developments, 2010-2014
6.20 Viessmann Group
6.20.1 Business Overview
6.20.2 Products Offered
6.20.3 Developments, 2012-2015
6.21 Flexenergy, Inc
6.21.1 Business Overview
6.22 Kingspan Group
6.22.1 Business Overview
6.23 Xzeres Wind Corporation
6.23.1 Business Overview
6.24 Bergey Windpower
6.24.1 Business Overview
6.25 Brightsource Energy, Inc
6.25.1 Business Overview
6.26 Acwa Power
6.26.1 Business Overview
6.27 Esolar Inc
6.27.1 Business Overview
6.28 Solarreserve, LLC
6.28.1 Business Overview
6.29 Honda Motor Co. Ltd
6.29.1 Business Overview
6.30 Vaillant Group
6.30.1 Business Overview
6.31 Ceres Power Holdings PLC
6.31.1 Business Overview
6.32 Doosan Heavy Industries & Construction
6.32.1 Business Overview
6.33 Micro Turbine Technology Bv
6.33.1 Business Overview
6.34 Wilson Solarpower Corporation
6.34.1 Business Overview
6.35 Areva Sa
6.35.1 Business Overview

7 Appendix
7.1 Insights of Industry Experts

List of Tables

Table 1 Steam Turbine Market Size, By Region, 2014-2021 (USD Million)
Table 2 Asia-Pacific: Steam Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 3 Europe: Steam Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 4 The Americas: Steam Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 5 Middle East & Africa: Steam Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 6 Micro Turbine Market Size, By Region, 2014-2021 (USD Million)
Table 7 Micro Turbine Market Size, By Application, 2014-2021 (USD Million)
Table 8 Micro Turbine Market Size, By End-User, 2014-2021 (USD Million)
Table 9 Micro Turbine Market Size, By Power Rating, 2014-2021 (USD Million)
Table 10 North America: Micro Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 11 Europe: Micro Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 12 Asia-Pacific: Micro Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 13 The Rest of the World: Micro Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 14 Gas Turbine Market Size, By Region, 2014-2021 (USD Million)
Table 15 Asia-Pacific: Gas Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 16 Europe: Gas Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 17 North America: Gas Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 18 Middle East & Africa: Gas Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 19 Latin America: Gas Turbine Market Size, By Country, 2014-2021 (USD Million)
Table 20 Gas Engine Market Size, By Region, 2014-2021 (USD Million)
Table 21 Gas Engine Market Size, By Fuel, 2014-2021 (USD Million)
Table 22 Europe: Gas Engine Market Size, By Country, 2014-2021 (USD Million)
Table 23 North America: Gas Engine Market Size, By Country, 2014-2021 (USD Million)
Table 24 Asia-Pacific: Gas Engine Market Size, By Country, 2014-2021 (USD Million)
Table 25 Middle East & Africa: Gas Engine Market Size, By Country, 2014-2021 (USD Million)
Table 26 South America: Gas Engine Market Size, By Country, 2014-2021 (USD Million)
Table 27 Micro CHP Market Size, By Region, 2014-2021 (Units)
Table 28 Micro CHP Market Size, By Region, 2014-2021 (USD Million)
Table 29 Asia-Pacific: Micro CHP Market Size, By Country, 2014-2021 (Units)
Table 30 Asia-Pacific: Micro CHP Market Size, By Country, 2014-2021 (USD Million)
Table 31 Europe: Micro CHP Market Size, By Country, 2014-2021 (Units)
Table 32 Europe: Micro CHP Market Size, By Country, 2014-2021 (USD Million)
Table 33 North America: Micro CHP Market Size, By Country, 2014-2021 (Units)
Table 34 North America: Micro CHP Market Size, By Country, 2014-2021 (USD Million)
Table 35 Nuclear Power Reactor Market Size, By Region, 2014-2021 (USD Million)
Table 36 The Americas: Nuclear Power Reactor Market Size, By Type, 2014-2021 (USD Million)
Table 37 Asia-Pacific: Nuclear Power Reactor Market Size, By Country, 2014-2021 (USD Million)
Table 38 Europe: Nuclear Power Reactor Market Size, By Country, 2014-2021 (USD Million)
Table 39 The Rest of the World: Nuclear Power Reactor Market Size, By Country, 2014-2021 (USD Million)
Table 40 Small Wind Market Size, By Region, 2014-2021 (USD Million)
Table 41 North America: Small Wind Market Size, By Country, 2014-2021 (USD Million)
Table 42 Europe: Small Wind Market Size, By Country, 2014-2021 (USD Million)
Table 43 Asia-Pacific: Small Wind Market Size, By Country, 2014-2021 (USD Million)
Table 44 Generator Sales Market Size, By Region, 2014-2021 (USD Million)
Table 45 Asia-Pacific: Diesel Generator Market Size, By Country, 2014-2021 (USD Million)
Table 46 Asia-Pacific: Gas Generator Market Size, By Country, 2014-2021 (USD Million)
Table 47 North America: Diesel Generator Market Size, By Country, 2014-2021 (USD Million)
Table 48 North America: Gas Generator Market Size, By Country, 2014-2021 (USD Million)
Table 49 Europe: Diesel Generator Market Size, By Country, 2014-2021 (USD Million)
Table 50 Europe: Gas Generator Market Size, By Country, 2014-2021 (USD Million)
Table 51 Middle East & Africa: Diesel Generator Market Size, By Country, 2014-2021 (USD Million)
Table 52 Middle East & Africa: Gas Generator Market Size, By Country, 2014-2021 (USD Million)
Table 53 South America: Diesel Generator Market Size, By Country, 2014-2021 (USD Million)
Table 54 South America: Gas Generator Market Size, By Country, 2014-2021 (USD Million)
Table 55 Concentrating Solar Power Market Size, By Region, 2014-2021 (USD Million)
Table 56 North America: Concentrating Solar Power Market Size, By Country, 2014-2021 (USD Million)
Table 57 Latin America: Concentrating Solar Power Market Size, By Country, 2014-2021 (USD Million)
Table 58 Europe: Concentrating Solar Power Market Size, By Country, 2014-2021 (USD Million)
Table 59 Asia-Pacific: Concentrating Solar Power Market Size, By Country, 2014-2021 (USD Million)
Table 60 Middle East & Africa: Concentrating Solar Power Market Size, By Country, 2014-2021 (USD Million)
Table 61 Technologies Adopted Contracts & Agreements as the Key Growth Strategy
Table 62 Contracts & Agreements
Table 63 New Product Launches
Table 64 Expansions
Table 65 Mergers & Acquisitions
Table 66 Others (Joint Ventures, Partnerships, Collaborations, and Strategic Alliances)

List of Figures

Figure 1 Markets Covered: Top 10 Power Generation Market
Figure 2 Top 10 Power Generation Market: Research Design
Figure 3 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Estimation Approach & Data Triangulation Methodology
Figure 5 Market Size for Power Generation , 2015 (USD Million)
Figure 6 Attractive Market Opportunities in the Generator Sales Market
Figure 7 Attractive Market Opportunities in the Concentrating Solar Power Market
Figure 8 Attractive Market Opportunities in the Gas Engine Market
Figure 9 Attractive Market Opportunities in the Micro Turbine Market
Figure 10 Attractive Market Opportunities in the Steam Turbine Market
Figure 11 Attractive Market Opportunities in the Gas Turbine Market
Figure 12 Attractive Market Opportunities in the Micro CHP Market
Figure 13 Attractive Market Opportunities in the Small Wind Market
Figure 14 Attractive Market Opportunities in the Nuclear Power Reactor Market
Figure 15 Power Generation Market By Region, 2015 (USD Million)
Figure 16 Top Market Developments (2012-2016)
Figure 17 Power Generation Technologies Market Share By Region, 2015
Figure 18 Market Dynamics: Steam Turbines
Figure 19 Market Dynamics: Micro Turbines
Figure 20 Market Dynamics: Gas Turbines
Figure 21 Market Dynamics: Gas Engines
Figure 22 Market Dynamics: Micro-CHP
Figure 23 Market Dynamics: Nuclear Power Reactors
Figure 24 Market Dynamics: Small Wind
Figure 25 Market Dynamics: Diesel and Gas Generators
Figure 26 Market Dynamics: Concentrating Solar Power
Figure 27 Market Evaluation Framework, 2012-2016
Figure 28 Battle for Market Share: Contracts & Agreements Was the Key Strategy, 2012-2016
Figure 29 Siemens AG: Company Snapshot
Figure 30 Mitsubishi Heavy Industries, Ltd.: Company Snapshot
Figure 31 Alstom Sa : Company Snapshot
Figure 32 Ansaldo Energia: Company Snapshot
Figure 33 Caterpillar Inc: Company Snapshot
Figure 34 Cummins Inc: Company Snapshot
Figure 35 Yanmar Co : Company Snapshot
Figure 36 General Electric: Company Snapshot
Figure 37 Shanghai Electric Group Co. Ltd : Company Snapshot
Figure 38 Dongfang Electric Corporation Limited: Company Snapshot
Figure 39 Abengoa Solar, S.A : Company Snapshot
Figure 40 Capstone Turbine Corporation : Company Snapshot
Figure 41 Northern Power Systems : Company Snapshot
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FEATURED COMPANIES

  • Abengoa Solar, S.A.
  • Areva Sa
  • Caterpillar Inc.
  • Flexenergy, Inc
  • Northern Power Systems
  • Viessmann Group
  • MORE

The power generation technologies market is expected to grow from an estimated USD 64.15 Billion in 2016 to USD 85.40 Billion by 2021. Factors such as increase in electricity consumption and subsequent investment in power generation capacity, and modernization of existing power generation infrastructure are driving the market worldwide.

The report segments the power generation technologies into steam turbines, micro turbines, gas turbines, gas engines, micro CHP, nuclear power reactors, small wind, diesel and gas generators, and concentrating solar power.

In terms of the market, by technology, the small wind market is expected to grow at the fastest pace during the forecast period. Developing countries such as the U.S. and Canada offer high growth opportunities to the small wind market. Factors such as encouraging environment policies, plummeting cost of wind energy generation, and increasing standardization would impart growth in the small wind market.

Following the small wind market, the micro CHP market is expected to grow at the second fastest pace during the forecast period. Developing countries such as the U.S. and Canada offer high growth opportunities to the micro CHP market. Factors such as reduction in carbon footprint, progressive government support, and autonomous heat and electricity generation at a reduced cost would lead to growth in the micro CHP market.

The micro turbine market is expected to grow at a decent pace during the forecast period owing to factors such as increase in energy demand, high reliability, focus on generating clean energy, and easy availability of fuel. The North American micro turbine market is projected to dominate with a share of around 50% in 2016.

The concentrating solar power market is expected to grow at a good pace during the forecast period. Factors such as growing environmental concerns over carbon emissions and efforts to reduce air pollution, policy support from governments to enable adoption of renewable technologies, and the ability to supply dispatchable power would necessitate market growth.

The gas generator sales market is expected to grow at a good pace during the forecast period. Factors such as growing demand for uninterrupted and reliable power supply, growth healthcare infrastructure, rising demand for data centers and IT facilities, and rapid urbanization in developing countries would spur the demand for gas generators.

The power generation technologies market can be directly linked to the ever-growing demand for reliable electric power. However, factors such as supply security, infrastructure concerns, and price disparity across regional markets could restrain market growth. On the other hand, rising urban population, industrialization, and a growing trend of distributed power generation represent promising growth opportunities for the market.

Some of the leading players in the power generation technologies market include 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.) , among others. Contracts & agreements was the most common strategy adopted by the top players in the market, constituting more than fifty% of the total development share. This was followed by new product launches, mergers & acquisitions, and expansions.

Note: Product cover images may vary from those shown
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  • Abengoa Solar, S.A.
  • Acwa Power
  • Alstom S.A.
  • Ansaldo Energia S.P.A.
  • Areva Sa
  • Bdr Thermea Group
  • Bergey Windpower
  • Brightsource Energy, Inc
  • Capstone Turbine Corporation
  • Caterpillar Inc.
  • Ceres Power Holdings PLC
  • Cummins Inc.
  • Dongfang Electric Corporation Limited
  • Doosan Heavy Industries & Construction
  • Esolar Inc
  • Flexenergy, Inc
  • General Electric Company
  • Harbin Electric International Company Limited
  • Honda Motor Co. Ltd
  • Kingspan Group
  • Micro Turbine Technology Bv
  • Mitsubishi Heavy Industries, Ltd
  • Mitsubishi Hitachi Power Systems, Ltd
  • Northern Power Systems
  • Shanghai Electric Group Co. Ltd
  • Siemens AG
  • Solarreserve, LLC
  • Vaillant Group
  • Viessmann Group
  • Wilson Solarpower Corporation
  • Wind Energy Solutions
  • Xzeres Wind Corporation
  • Yanmar Co., Ltd.
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6 of 5
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