0

Natural Gas-Fired Power Generation Market by Type and Geography - Global Forecast and Analysis 2019-2023

  • Published: Jun 2019
  • Pages: 131
  • SKU: IRTNTR31457
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The global natural gas-fired power generation market size will grow by 249.76 GW during 2019-2023. The natural gas-fired power generation industry research report provides a detailed analysis of the market based on type (CCGT and OCGT) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market's competitive landscape and offers information on several natural gas-fired power generation companies including Chubu Electric Power Co. Inc., RWE AG, Southern Co., Tokyo Electric Power Company Holdings Inc., and Uniper SE.

The global natural gas-fired power generation market is expected to witness a CAGR of 2.79% during the forecast period. Certain factors that are driving the market growth include rising global energy demand, rising government support, and growth in natural gas production.

Key Insights on Natural Gas-fired Power Generation Market – Global Forecast 2019-2023

Natural Gas-Fired Power Generation Market

Browse ToC and LoE with selected illustrations and example pages Natural Gas-fired Power Generation Market

Request a FREE sample now!

The rapid growth in global energy demand is due to robust economic growth. The growth in the global energy demand was propelled by countries such as China and the US, which accounted for more than 70% of the growth in global energy demand. Further, there is a rapid growth in global electricity demand which is propelled by emerging economies such as China and India. The electrification of global energy systems is propelled by various factors such as the electrification of heat and transportation sector, the growth in the number of electronically connected devices, and digitalization of modern economies. Hence, with the increase in energy demand, the global natural gas-fired power generation market is expected to grow during the forecast period.

Natural Gas-Fired Power Generation Industry Overview

  • The government support to the adoption of clean energy technologies will be one of the primary drivers of the natural gas-fired power generation market. With the high demand for energy and growing focus on reducing carbon emissions, the need for less-carbon-intensive technologies like natural gas-fired power generation is also growing.
  • Use of coal-fired power generation has decreased across the world and further boosting the demand for natural gas-fired power generation.
  • Development of battery storage-augmented gas turbines will be one of the critical natural gas-fired power generation market trends. Battery storage-augmented gas turbines are highly productive when compared to traditional gas turbines.
  • Battery energy storage systems (BESS) reduce GHG emissions, enhance primary frequency response and voltage support, and ensures smooth transient response with lesser turbine thermal stress.
  • The development of technologically advanced gas turbines will enhance the efficiency of natural gas-fired power plants and consequently fuel the growth of the natural gas-fired power generation market at a CAGR of nearly 3% during the forecast period.

Natural Gas-Fired Power Generation Market Report Offers:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Top Companies in Natural Gas-Fired Power Generation Market

The global natural gas-fired power generation market is fairly fragmented. To help clients improve their revenue share, the natural gas-fired power generation market research report provides an analysis of the market's competitive landscape and offers information on the products offered by various companies. Key insights provided by the natural gas-fired power generation market analysis report will enable companies to make informed business decisions.

The report offers a detailed analysis of several leading natural gas-fired power generation companies, including:

  • Chubu Electric Power Co. Inc.
  • RWE AG
  • Southern Co.
  • Tokyo Electric Power Company Holdings Inc.
  • Uniper SE

Market Segmentation

Natural Gas-Fired Power Generation Market Forecast by Type

  • The combined cycle gas turbine (CCGT) segment held the largest natural gas-fired power generation market share in 2018 because of its environmental and economic benefits.
  • However, the market share of the CCGT segment will decrease, and the open cycle gas turbine (OCGT) segment will emerge as the market leader by the end of the next five years.

Natural Gas-Fired Power Generation Market Analysis by Region

  • North America accounted for the largest natural gas-fired power generation market share in 2018 because of the increasing production of natural gas and the development of highly efficient natural gas technology.
  • North America's contribution to the growth of the natural gas-fired power generation market size will decrease, but it will dominate the market throughout the forecast period.

Major Highlights of the Natural Gas-Fired Power Generation Market – Global Forecast 2019-2023

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the natural gas-fired power generation market during the next five years
  • Precise estimation of the global natural gas-fired power generation market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the natural gas-fired power generation industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on several vendors
  • Comprehensive details on factors that will challenge the growth of natural gas-fired power generation companies

Reasons for Purchase

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the natural gas-fired power generation market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.

We can help! Our analysts can customize the natural gas-fired power generation market research report to meet your requirements. Get in touch

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • CCGT - Market size and forecast 2018-2023
  • OCGT - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing investments in gas-fired power generation
  • Development of the global LNG market
  • Battery storage-augmented gas turbines

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Chubu Electric Power Co. Inc.
  • RWE AG
  • Southern Co.
  • Tokyo Electric Power Company Holdings Inc.
  • Uniper SE

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted
Technavio

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Technavio
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>