Market Overview:
The global gas fired power plant market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electricity and rising concerns about climate change. The gas fired power plant market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into small scale (up to 30 MW), medium scale (30 MW-400 MW), and high scale (above 400 MW). The small-scale segment is expected to grow at a CAGR of 6% during the forecast period from 2018 to 2030, while the medium-scale and high-scale segments are expected to grow at a CAGR of 4% and 7%, respectively. On the basis of application, residential accounted for majority share in 2017; however, commercial is projected to be fastest growing application with a CAGR of 6%.
Product Definition:
A gas-fired power plant is a facility that burns natural gas to generate electricity. These plants are important sources of energy because they are relatively clean and efficient, and they can be used to meet peak demand.
Small Scale (Up to 30 MW):
Small scale (up to 30 MW) is the most preferred type of power plant in gas-fired plants market. It is also used as a generic term for all types of power plants which are less than or equal to 30 MW in size. Small scale thermal power plants find its major application in distributed generation, i.e.
Medium Scale (30 MW to 400 MW):
Medium scale power plants are used for the production of electricity in commercial and industrial sectors. The primary function of medium scale power plant is to provide base load electricity supply to the industry and commercial sector. It is also used as a backup source of generation in case of emergency such as grid failure or electrical outages.
Application Insights:
The commercial segment dominated the global gas fired power plant market, accounting for a share of 59.4% in 2017. The growing demand for electricity from hospitals, data centers and IT companies is expected to drive the product demand in this application segment over the forecast period.
The residential sector is projected to witness significant growth over the forecast period owing to increasing government support for promoting housing as an investment option and favorable regulations regarding installation of solar panels on homes. This will lead to increased adoption of GGPFTPs in this sector as they are cost-effective compared with other sources of energy such as coal or oil based plants.
Regional Analysis:
Asia Pacific accounted for the largest market share of more than 40% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for electricity from developing economies, such as China and India. In addition, growing industrialization coupled with rapid urbanization in countries like Indonesia and Vietnam is anticipated to drive regional growth over the next eight years.
Europe was another major contributor in terms of both volume and revenue. Countries including Germany, U.K., Spain, Italy are among some of the leading consumers of gas-fired power plants globally on account of high energy consumption per capita along with a large number nuclear reactors operating at a given time (low carbon footprint).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the development of gas-fired power plants
- Rising prices of oil and natural gas, which makes gas-fired power plants more economical than other types of power plants
- Advances in technology that make gas-fired power plants more efficient and environmentally friendly
- Growing demand for renewable energy sources, which could create opportunities for co-firing with biomass or waste
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Fired Power Plant Market Research Report
By Type
Small Scale (Up to 30 MW), Medium Scale (30 MW to 400 MW), High Scale (Above 400 MW)
By Application
Residential, Commercial
By Companies
GE Power, Idemitsu Kosan (Showa Shell), Todd Corporation, ENKA İnşaat ve Sanayi A.Ş., SASAC (State Grid), China Huadian, CLP Group, Shenhua Group, Wärtsilä, Mitsubishi Heavy Industries, IHI Corporation, Siemens AG, Sulzer
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Gas Fired Power Plant Market Report Segments:
The global Gas Fired Power Plant market is segmented on the basis of:
Types
Small Scale (Up to 30 MW), Medium Scale (30 MW to 400 MW), High Scale (Above 400 MW)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Power
- Idemitsu Kosan (Showa Shell)
- Todd Corporation
- ENKA İnşaat ve Sanayi A.Ş.
- SASAC (State Grid)
- China Huadian
- CLP Group
- Shenhua Group
- Wärtsilä
- Mitsubishi Heavy Industries
- IHI Corporation
- Siemens AG
- Sulzer
Highlights of The Gas Fired Power Plant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small Scale (Up to 30 MW)
- Medium Scale (30 MW to 400 MW)
- High Scale (Above 400 MW)
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gas Fired Power Plant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A gas fired power plant is a type of power plant that uses natural gas as its primary fuel.
Some of the major players in the gas fired power plant market are GE Power, Idemitsu Kosan (Showa Shell), Todd Corporation, ENKA Ä°nÅŸaat ve Sanayi A.Åž., SASAC (State Grid), China Huadian, CLP Group, Shenhua Group, W¤rtsil¤, Mitsubishi Heavy Industries, IHI Corporation, Siemens AG, Sulzer.
The gas fired power plant market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas Fired Power Plant Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gas Fired Power Plant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas Fired Power Plant Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gas Fired Power Plant Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gas Fired Power Plant Market Size & Forecast, 2018-2028
4.5.1 Gas Fired Power Plant Market Size and Y-o-Y Growth
4.5.2 Gas Fired Power Plant Market Absolute $ Opportunity
Chapter 5 Global Gas Fired Power Plant Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Gas Fired Power Plant Market Size Forecast by Type
5.2.1 Small Scale (Up to 30 MW)
5.2.2 Medium Scale (30 MW to 400 MW)
5.2.3 High Scale (Above 400 MW)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gas Fired Power Plant Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Gas Fired Power Plant Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas Fired Power Plant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gas Fired Power Plant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Gas Fired Power Plant Analysis and Forecast
9.1 Introduction
9.2 North America Gas Fired Power Plant Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Gas Fired Power Plant Market Size Forecast by Type
9.6.1 Small Scale (Up to 30 MW)
9.6.2 Medium Scale (30 MW to 400 MW)
9.6.3 High Scale (Above 400 MW)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Gas Fired Power Plant Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Gas Fired Power Plant Analysis and Forecast
10.1 Introduction
10.2 Europe Gas Fired Power Plant Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Gas Fired Power Plant Market Size Forecast by Type
10.6.1 Small Scale (Up to 30 MW)
10.6.2 Medium Scale (30 MW to 400 MW)
10.6.3 High Scale (Above 400 MW)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Gas Fired Power Plant Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Gas Fired Power Plant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gas Fired Power Plant Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Gas Fired Power Plant Market Size Forecast by Type
11.6.1 Small Scale (Up to 30 MW)
11.6.2 Medium Scale (30 MW to 400 MW)
11.6.3 High Scale (Above 400 MW)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Gas Fired Power Plant Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Gas Fired Power Plant Analysis and Forecast
12.1 Introduction
12.2 Latin America Gas Fired Power Plant Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Gas Fired Power Plant Market Size Forecast by Type
12.6.1 Small Scale (Up to 30 MW)
12.6.2 Medium Scale (30 MW to 400 MW)
12.6.3 High Scale (Above 400 MW)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Gas Fired Power Plant Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Gas Fired Power Plant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gas Fired Power Plant Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Gas Fired Power Plant Market Size Forecast by Type
13.6.1 Small Scale (Up to 30 MW)
13.6.2 Medium Scale (30 MW to 400 MW)
13.6.3 High Scale (Above 400 MW)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Gas Fired Power Plant Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gas Fired Power Plant Market: Competitive Dashboard
14.2 Global Gas Fired Power Plant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Power
14.3.2 Idemitsu Kosan (Showa Shell)
14.3.3 Todd Corporation
14.3.4 ENKA İnşaat ve Sanayi A.Ş.
14.3.5 SASAC (State Grid)
14.3.6 China Huadian
14.3.7 CLP Group
14.3.8 Shenhua Group
14.3.9 Wärtsilä
14.3.10 Mitsubishi Heavy Industries
14.3.11 IHI Corporation
14.3.12 Siemens AG
14.3.13 Sulzer
