Market Overview:
The global natural gas-fired power generation market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for electricity and rising concerns about climate change. The CCGT segment is expected to account for the largest share of the global natural gas-fired power generation market in 2018. This segment is projected to grow at a CAGR of X.X% from 2018 to 2030. The OCGT segment is projected to grow at a CAGR of X.X% from 2018to 2030. In terms of application, the enterprise segment is expected to account for the largest share of the global natural gas-fired power generation market in2018 .
Product Definition:
Natural gas-fired power generation is the use of natural gas to generate electricity. Natural gas is a fossil fuel that burns cleanly and produces less pollution than other fossil fuels, such as coal. This makes it an attractive option for generating electricity, particularly in areas with tight air quality regulations.
CCGT:
The CCGT, or Combined Cycle Gas Turbine is a power generation device that burns natural gas for fuel and uses the hot exhaust gases to drive an internal turbine. The overall process of CCGT utilizes heat and pressure transfer from the combustion engine to the generator thereby creating electricity.
OCGT:
The overall process of oil and gas GTT is referred to as Oil Country Tubular Goods (OCTG) or tubular goods transportation. OCTG consists of two main components, namely the pipe and the fittings. The pipe is made from high-grade steel with a minimum wall thickness of 0.75 inches (19 mm). Fittings are manufactured from various materials including brass, copper, alloy metals such as stainless steel and nickel alloys among others.
Application Insights:
The application segment includes enterprise and personal. Enterprise applications include industrial, commercial, and public infrastructure such as healthcare facilities, data centers, educational institutions and transportation. The personal application segment consists of vehicles (such as cars/trucks) using natural gas as a fuel in their engines. Growing use of natural gas in the automotive industry is expected to drive the global market over the forecast period.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for power generation in China and India. In 2016, China accounted for a share of more than 20% in terms of global natural gas-fired power capacity additions. Asia Pacific is projected to account for nearly half of total industry volume by 2030, with China being its largest contributor throughout the forecast period.
Europe was estimated at USD X billion in 2017 and is anticipated to witness moderate growth over the next eight years owing to stringent environmental regulations regarding carbon emissions from coal plants that have led generators toward natural gas-fired plants as an alternative solution space available for investment opportunities across various countries including Russia, Germany, Spain, Italy and U.K., among others).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of natural gas as a fuel for power generation
- Availability of low-cost natural gas from unconventional sources such as shale gas reserves
- Technological advancements that have led to the development of more efficient and environmentally friendly natural gas-fired power plants
- Growing demand for renewable energy sources such as solar and wind power, which can be complementary to natural gas-fired generation
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Gas-Fired Power Generation Market Research Report
By Type
CCGT, OCGT
By Application
Enterprise, Personal
By Companies
Chubu Electric Power Co. Inc., RWE AG, Southern Co., Tokyo Electric Power Company Holdings Inc., Uniper SE
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Natural Gas-Fired Power Generation Market Report Segments:
The global Natural Gas-Fired Power Generation market is segmented on the basis of:
Types
CCGT, OCGT
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
Enterprise, Personal
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:
- Chubu Electric Power Co. Inc.
- RWE AG
- Southern Co.
- Tokyo Electric Power Company Holdings Inc.
- Uniper SE
Highlights of The Natural Gas-Fired Power Generation 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:
- CCGT
- OCGT
- By Application:
- Enterprise
- Personal
- 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 Natural Gas-Fired Power Generation 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Natural gas-fired power generation is the use of natural gas to produce electricity.
Some of the major players in the natural gas-fired power generation market are Chubu Electric Power Co. Inc., RWE AG, Southern Co., Tokyo Electric Power Company Holdings Inc., Uniper SE.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Natural Gas-Fired Power Generation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Natural Gas-Fired Power Generation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Natural Gas-Fired Power Generation Market - Supply Chain
4.5. Global Natural Gas-Fired Power Generation Market Forecast
4.5.1. Natural Gas-Fired Power Generation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Natural Gas-Fired Power Generation Market Size (000 Units) and Y-o-Y Growth
4.5.3. Natural Gas-Fired Power Generation Market Absolute $ Opportunity
5. Global Natural Gas-Fired Power Generation Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Natural Gas-Fired Power Generation Market Size and Volume Forecast by Type
5.3.1. CCGT
5.3.2. OCGT
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Natural Gas-Fired Power Generation Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Natural Gas-Fired Power Generation Market Size and Volume Forecast by Application
6.3.1. Enterprise
6.3.2. Personal
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Natural Gas-Fired Power Generation Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Natural Gas-Fired Power Generation Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Natural Gas-Fired Power Generation Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Natural Gas-Fired Power Generation Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Natural Gas-Fired Power Generation Demand Share Forecast, 2019-2026
9. North America Natural Gas-Fired Power Generation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Natural Gas-Fired Power Generation Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Natural Gas-Fired Power Generation Market Size and Volume Forecast by Application
9.4.1. Enterprise
9.4.2. Personal
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Natural Gas-Fired Power Generation Market Size and Volume Forecast by Type
9.7.1. CCGT
9.7.2. OCGT
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Natural Gas-Fired Power Generation Demand Share Forecast, 2019-2026
10. Latin America Natural Gas-Fired Power Generation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Natural Gas-Fired Power Generation Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Natural Gas-Fired Power Generation Market Size and Volume Forecast by Application
10.4.1. Enterprise
10.4.2. Personal
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Natural Gas-Fired Power Generation Market Size and Volume Forecast by Type
10.7.1. CCGT
10.7.2. OCGT
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Natural Gas-Fired Power Generation Demand Share Forecast, 2019-2026
11. Europe Natural Gas-Fired Power Generation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Natural Gas-Fired Power Generation Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Natural Gas-Fired Power Generation Market Size and Volume Forecast by Application
11.4.1. Enterprise
11.4.2. Personal
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Natural Gas-Fired Power Generation Market Size and Volume Forecast by Type
11.7.1. CCGT
11.7.2. OCGT
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Natural Gas-Fired Power Generation Demand Share, 2019-2026
12. Asia Pacific Natural Gas-Fired Power Generation Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Natural Gas-Fired Power Generation Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Natural Gas-Fired Power Generation Market Size and Volume Forecast by Application
12.4.1. Enterprise
12.4.2. Personal
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Natural Gas-Fired Power Generation Market Size and Volume Forecast by Type
12.7.1. CCGT
12.7.2. OCGT
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Natural Gas-Fired Power Generation Demand Share, 2019-2026
13. Middle East & Africa Natural Gas-Fired Power Generation Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Natural Gas-Fired Power Generation Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Natural Gas-Fired Power Generation Market Size and Volume Forecast by Application
13.4.1. Enterprise
13.4.2. Personal
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Natural Gas-Fired Power Generation Market Size and Volume Forecast by Type
13.7.1. CCGT
13.7.2. OCGT
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Natural Gas-Fired Power Generation Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Natural Gas-Fired Power Generation Market: Market Share Analysis
14.2. Natural Gas-Fired Power Generation Distributors and Customers
14.3. Natural Gas-Fired Power Generation Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chubu Electric Power Co. Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. RWE AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Southern Co.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tokyo Electric Power Company Holdings Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Uniper SE
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
