Northern India Herald

Natural Gas Fired Electricity Generation Market To Beat 70,500.0 MW By 2027 Due To Rising Production of Natural Gas And Increasing Energy Demand Globally | Million Insights

 Breaking News
  • No posts were found

Natural Gas Fired Electricity Generation Market To Beat 70,500.0 MW By 2027 Due To Rising Production of Natural Gas And Increasing Energy Demand Globally | Million Insights

September 21
08:26 2021
Natural Gas Fired Electricity Generation Market To Beat 70,500.0 MW By 2027 Due To Rising Production of Natural Gas And Increasing Energy Demand Globally | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global natural gas-fired electricity generation industry research report offers thorough insights on technology, end-use, regional demand and key players. It also offers ready, data-driven answers to several industry-level questions.

The volume of the global natural gas fired electricity generation market is estimated to touch 70,500.0 MW by 2027, as per a new report by Million Insights. The market is estimated to register 4.71% CAGR over the forecast years. Factors such as increasing energy demand across the globe, rise in the production of natural gas and favorable government initiatives are propelling the market growth.

Power consumption across the world has increased significantly owing to the rapid economic growth and urbanization. Countries such as the United States, Japan, India and China are witnessing a considerable rise in energy consumption. These countries are increasingly opting for natural gas-based power generation owing to growing emission by coal-based power generation.

To download the sample PDF of “Natural Gas Fired Electricity Generation Market” Report please click here: https://www.millioninsights.com/industry-reports/global-natural-gas-fired-electricity-generation-market/request-sample 

 

Market players are partnering with governments to modernize and renovate their existing energy infrastructure. In addition, strategic initiatives such as merger & acquisition, geographical expansion and joint ventures are being adopted by market players to strengthen their position in the market. 

However, natural gas production is limited to a few countries. Geopolitical tension may result in disruption of gas supply, which in turn, is estimated to restrain the market growth. In addition, increasing penetration of renewable energy sources such as solar and wind is estimated to hamper the natural gas-fired electricity generationmarket growth over the forecast duration. 

The Asia Pacific accounted for 35.0% share in the market in 2019. Additionally, the region is projected to register the maximum growth over the forecast duration. Countries such as Japan and China are contributing to the maximum growth of the region. 

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-natural-gas-fired-electricity-generation-market 

 

Further key findings from the report suggest:

• In 2019, combined cycle accounted for the highest share in the market and anticipated to dominatefrom 2020 to 2027.

• Power & utility held the largest share in the market in 2019 owing to the increasing adoption of natural gas to fulfill the demand for global energy need.

• APAC is estimated to register the highest growth over the forecast duration. Countries such as Japan, Thailand and China are the major contributors to the market in the region.

• In 2019, North America held a considerable share in the market due to increasing production of natural gas in the region.

Million Insights has segmented the global natural gas fired electricity generation market on the basis of technology, end-use and region:

Natural Gas Fired Electricity Generation Technology Outlook (Volume, MW; Revenue, USD Million, 2016 – 2027)

    • Open Cycle

    • Combined Cycle 

Natural Gas Fired Electricity Generation End-use Outlook (Volume, MW; Revenue, USD Million, 2016 – 2027)

    • Power & Utility

    • Industrial 

Natural Gas Fired Electricity Generation Regional Outlook (Volume, MW; Revenue, USD Million, 2016 – 2027)

    • North America

        • The U.S.

    • Europe

        • Russia

    • Asia Pacific

        • China

        • Japan

        • Thailand

    • Middle East & Africa

        • Saudi Arabia

    • Central & South America

        • Iraq 

List of Key Players of Natural Gas Fired Electricity Generation Market

    • General Electric

    • Siemens AG

    • Mitsubishi Hitachi Power Systems, Ltd.

    • Kawasaki Heavy Industries, Ltd.

    • AnsaldoEnergia S.P.A.

Browse latest market research reports available with Million Insights:

• Intravenous Solutions Market: The global intravenous solutions market was prized by USD 10.7 billion in 2020. It is estimated to witness a 7.9% CAGR from 2021 to 2028.

• Intelligent Virtual Assistant Market: With reference to the report published, the global intelligent virtual assistant market was prized by USD 5.82 billion in 2020. It is estimated to witness a 28.5% CAGR from 2021 to 2028.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-natural-gas-fired-electricity-generation-market

Related Articles