Yahoo Finance Global natural gas fired electricity generation industry size to exhibit 4.7% CAGR through 2027
The research report on ‘global natural gas fired electricity generation market’ provides a detailed analysis of this business space in terms of its growth stimulants, restraining factors, and other revenue generating opportunities.
Pune, India, Oct. 19, 2021 (GLOBE NEWSWIRE) -- According to reliable predictions, global natural gas fired electricity generation market size is expected to register a y-o-y growth rate of 4.7% during 2021-2027. Factors such as favorable government initiatives that promote using natural gas in energy production, rising environmental concerns, and increasing carbon emission levels.
In addition, the study also highlights the several market segmentations, further emphasizing on the major revenue generators in this marketplace. It not only talks about the regional scope but also mentions the competitive landscape of the industry, elaborating on the business-centric strategies deployed by the market majors.
Strategic investments and initiatives by key participants is also stimulating the overall industry outlook. In April 2020 for instance, Atura Power acquired 3 natural gas-fired plants from TC Energy, through an investment worth USD 2 billion.
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Despite the various growth stimulants, growing demand for renewable sources of energy for generating electricity coupled with lack of adequate natural gas infrastructure could hamper the overall industry remuneration in the forthcoming years.
A summary of the geographical landscape
Global natural gas fired electricity generation industry, from the regional terrain, is bifurcated on the basis of Europe, Latin America, North America, Asia-Pacific, and the rest of the world. The country-level analysis involves Germany, France, Spain, United Kingdom, Italy, Brazil, Mexico, Canada, United States, Japan, China, India, Australia, and South Korea among others.
Meanwhile, analysts cite that North America currently accounts for the largest market share and is likely to showcase continuous growth throughout the analysis timeframe. This can be credited to increasing production of shale gas across the region.
Asia-Pacific is also deemed to emerge as a major revenue generator for the industry contenders, owing to favorable regulatory outlook towards reducing carbon emissions. Focus towards using natural gas over coal in power generation sector will also add traction to the overall market size in Asia-Pacific.
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Global Natural Gas Fired Electricity Generation Market by Technology (Revenue, USD Billion, 2018-2027)
Combined Cycle
Open Cycle
Global Natural Gas Fired Electricity Generation Market End-user Analysis (Revenue, USD Billion, 2018-2027)
Industrial
Power & Utility
Global Natural Gas Fired Electricity Generation Market by Regional Forecast (Revenue, USD Billion, 2018-2027)
North America
United States
Canada
Europe
United Kingdom
Germany
Spain
Italy
France
Rest of Europe
Asia-Pacific
India
Japan
South Korea
China
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of the World
Global Natural Gas Fired Electricity Generation Market Competitive Landscape (Revenue, USD Billion, 2018-2027)
Bharat Heavy Electricals Limited
Solar Turbines Incorporated
OPRA Turbines B.V.
Centrax Gas Turbines
Ansaldo Energia S.p.A.
Kawasaki Heavy Industries Ltd.
Mitsubishi Hitachi Power Systems Ltd.
Siemens AG
General Electric Company
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Natural Gas Fired Electricity Generation Market, by Region, 2019-2027 (USD Billion)
1.2.2. Natural Gas Fired Electricity Generation Market, by Technology, 2019-2027 (USD Billion)
1.2.3. Natural Gas Fired Electricity Generation Market, by End-use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Natural Gas Fired Electricity Generation Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Natural Gas Fired Electricity Generation Market Dynamics
3.1. Natural Gas Fired Electricity Generation Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Supportive government initiatives
3.1.1.2. Rising determination of natural gas reserves
3.1.2. Market Restraint
3.1.2.1. Rising share of renewable sources
3.1.2.2. Lack of natural gas infrastructure in some countries
3.1.3. Market Opportunities
3.1.3.1. Strategic initiatives
3.1.3.2. Technological advancements
Chapter 4. Global Natural Gas Fired Electricity Generation Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Natural Gas Fired Electricity Generation Market, by Technology
5.1. Market Snapshot
5.2. Global Natural Gas Fired Electricity Generation Market by Technology , Performance - Potential Analysis
5.3. Global Natural Gas Fired Electricity Generation Market Estimates & Forecasts by Technology 2018-2027 (USD Billion)
5.4. Natural Gas Fired Electricity Generation Market, Sub Segment Analysis
5.4.1. Open Cycle
5.4.2. Combined Cycle
Chapter 6. Global Natural Gas Fired Electricity Generation Market, by End-use
a. Market Snapshot
6.1. Global Natural Gas Fired Electricity Generation Market by End-use, Performance - Potential Analysis
6.2. Global Natural Gas Fired Electricity Generation Market Estimates & Forecasts by End-use 2018-2027 (USD Billion)
6.3. Natural Gas Fired Electricity Generation Market, Sub Segment Analysis
6.3.1. Power & Utility
6.3.2. Industrial
Chapter 7. Global Natural Gas Fired Electricity Generation Market, Regional Analysis
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