Power Generation Market Size
Market Size in USD Tn
CAGR8.3%
| Study Period | 2025-2032 |
| Base Year of Estimation | 2024 |
| CAGR | 8.3% |
| Market Concentration | High |
| Major Players | General Electric (GE), Siemens AG, Mitsubishi Heavy Industries, Ltd., Hitachi Energy Ltd., Caterpillar Inc. and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Power Generation Market Analysis
The power generation market is estimated to be valued at USD 2.27 Tn in 2025 and is expected to reach USD 3.97 Tn by 2032. It is projected to grow at a compound annual growth rate (CAGR) of 8.3% from 2025 to 2032. The power generation market is expected to see a definite shift towards more renewable sources of energy like solar and wind over the coming decade.