Top 10 Power Generation Technologies Market Triggered by Modernization of Existing Power Generation Systems

Top 10 Power Generation Technologies Market Latest update 2017


Seattle, United States -- (SBWIRE) -- 05/03/2017 -- 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.

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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. 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.

Market Ecosystem

The power generation technologies market starts with the manufacturing of equipment such as engines and turbines, among others. General Electric Company (U.S.), and Siemens AG (Germany), among others, are the leading equipment and service providers. The final stage covers application in end-use industries such as public and private operators of coal, biomass, nuclear, solar thermal, and geothermal power plants, among others.

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