Global Power Generation Equipment Market Size, Share & Trends Analysis Report By Type (Turbine & Engines, Generators, and Others), By Application (Utility, Industrial, Commercial, and Residential), By Regional Outlook and Forecast, 2024 - 2031

The Global Power Generation Equipment Market size is expected to reach $157.7 billion by 2031, rising at a market growth of 4.6% CAGR during the forecast period.

The increasing population and urbanization in the Asia Pacific region drive the demand for electricity to support residential, commercial, and industrial activities, leading to a corresponding need for this equipment. Consequently, the Asia Pacific region would acquire nearly 32% market share by 2030. The Asia Pacific region is home to a significant portion of the world’s population, with rapidly growing urban centers and expanding industrial hubs.

The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, in November, 2023, Mitsubishi Heavy Industries Ltd. came into partnership with Institut Teknologi Bandung, a national research university. Under this partnership, Mitsubishi would reinforce the development of cleaner fuel firing, based on research on ammonia-fired power generation using gas turbines. Additionally, Mitsubishi would move towards the addition of proven technologies in its H-25 gas turbine and ease the awareness of ammonia co-firing in Indonesia. Moreover, in July, 2023, Bharat Heavy Electricals Ltd. partnered with GE, an American multinational conglomerate. Under this partnership, BHEL would procure access and rights for existing, upgraded, and new Gas Turbine models. Additionally, BHEL would also provide gas turbines with fuel blends like hydrogen, methanol, syngas, and more.

KBV Cardinal Matrix - Market Competition Analysis

Based on the Analysis presented in the KBV Cardinal matrix; Caterpillar, Inc. and General Electric Company are the forerunners in the Market. Companies such as Mitsubishi Heavy Industries Ltd., ABB Ltd., Schneider Electric SE are some of the key innovators in the Market. In March 2024, Schneider Electric SE partnered with Mainspring, an Innovative power generation technology company. Under this partnership, Schneider would integrate the power generation technology of Mainspring Energy with its microgrid solution to serve power, energy, and fuel flexibility for commercial and industrial customers. Additionally, Schneider would also help businesses, like data centers and healthcare facilities, to proficiently generate electricity on-site and control in parallel to the power grid.

Market Growth Factors

Urbanization and industrialization lead to a surge in energy demand as more people move to urban areas and industries expand. Moreover, in addition to new infrastructure, urbanization and industrialization drive the need to upgrade and modernize existing infrastructure. Hence, the rapid increase in urbanization and industrialization is driving the market’s growth.

Digitalization enables real-time equipment to be monitored, controlled, and optimized through advanced data analytics and artificial intelligence (AI) algorithms. Furthermore, digitalization enables utilities and grid operators to implement demand response programs and optimize energy management. Therefore, growing digitalization and smart technologies are propelling the market’s growth.

Market Restraining Factors

Power generation equipment, such as generators, turbines, transformers, and control systems, often require substantial upfront investment. In addition, fluctuations in energy prices and regulatory uncertainty can increase the perceived risk associated with investing in this equipment. Hence, high initial investment costs are hampering the growth of the market.

By Application Analysis

On the basis of application, the market is segmented into utility, industrial, commercial, and residential. In 2023, the industrial segment attained a 28% revenue share in the market. The expansion of manufacturing facilities and industrial plants leads to higher electricity consumption and increased demand for this equipment. Industrial companies often invest in new power generation capacity to support their growing production needs and ensure reliable electricity supply.

By Type Analysis

Based on type, the market is divided into turbines & engines, generators, and others. The generators segment attained a 30% revenue share in the market in 2023. Many regions around the world are facing challenges with aging power generation infrastructure. As existing power plants and grid systems reach the end of their operational lifespan, they need to be replaced or upgraded. Generators are essential for modernizing power generation facilities and ensuring continued electricity supply.

Free Valuable Insights: Global Power Generation Equipment Market size to reach USD 157.7 Billion by 2031

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated 35% revenue share in the market. North America is transitioning towards cleaner energy sources and reducing reliance on fossil fuels. This shift is driven by environmental concerns, climate change mitigation efforts, and regulatory requirements to reduce greenhouse gas emissions. As a result, there is increasing demand for this equipment that utilizes renewable energy sources such as solar, wind, and hydroelectric power.

Market Competition and Attributes

The Market is fiercely competitive, driven by innovations in renewable energy, smart grid technologies, and sustainable power solutions. Key players like Siemens, GE Power, and ABB vie for market share, focusing on efficiency, reliability, and environmental sustainability to meet the growing global demand for electricity.

Power Generation Equipment Market Report Coverage

Report Attribute	Details
Market size value in 2023	USD 111.4 Billion
Market size forecast in 2031	USD 157.7 Billion
Base Year	2023
Historical Period	2020 to 2022
Forecast Period	2024 to 2031
Revenue Growth Rate	CAGR of 4.6% from 2024 to 2031
Number of Pages	207
Number of Tables	274
Report coverage	Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered	Type, Application, Region
Country scope	North America (US, Canada, Mexico, and Rest of North America) Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe) Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific) LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included	Mitsubishi Heavy Industries Ltd., Wartsila Corporation, ABB Ltd., Siemens Energy AG, General Electric Company, Caterpillar, Inc., Bharat Heavy Electricals Ltd., Schneider Electric SE, Cummins, Inc. and Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)

Recent Strategies Deployed in the Market

• Feb-2024: Cummins, Inc. launched C1750D6E and C2000D6E generator sets to extend its portfolio. With the launch of these products, the company would offer reliable power at minimum emissions without affecting performance. Additionally, the new products would provide higher power efficiency at the 1,750-to 2,000-kW 60Hz nodes in a small footprint.
• Feb-2024: Schneider Electric SE unveiled EcoStruxure, a service designed to help extend the life of oil transformers. With the launch of EcoStruxure, the company would serve additional real-time understanding of factors such as heat, oil temperature, water presence, noise, and vibrations.
• Jul-2023: Mitsubishi Heavy Industries Ltd. took over Concentric, LLC, a Material handling equipment supplier in Carrollton, Texas. Under this acquisition, Mitsubishi would include Concentric in its growing portfolio of Smart Infrastructure Solutions. Additionally, Mitsubishi would also get the platform to serve the globe by merging its technology capabilities with the experienced national service provider.
• Nov-2022: Cummins Inc. partnered with Exergy Energy, LLC, a provider of energy management and energy brokerage services. Under this partnership, Cummins would install its power system solutions such as energy storage systems, generator sets, and switching equipment at the location of the customer to power the full operation during grid outages.
• Oct-2020: Mitsubishi Heavy Industries Ltd. partnered with Vestas Wind Systems, a global leader in sustainable energy solutions. Under this partnership, Mitsubishi would form a joint venture for sales of onshore and offshore wind power turbines.

List of Key Companies Profiled

• Mitsubishi Heavy Industries Ltd.
• Wartsila Corporation
• ABB Ltd.
• Siemens Energy AG
• General Electric Company
• Caterpillar, Inc.
• Bharat Heavy Electricals Ltd.
• Schneider Electric SE
• Cummins, Inc.
• Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)

Power Generation Equipment Market Report Segmentation

By Type

• Turbine & Engines
• Generators
• Others

By Application

• Utility
• Industrial
• Commercial
• Residential

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Power Generation Equipment Market, by Type
1.4.2 Global Power Generation Equipment Market, by Application
1.4.3 Global Power Generation Equipment Market, by Geography
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical expansion
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov – 2020, Mar) Leading Players
4.4 Porter’s Five Forces Analysis

Chapter 5. Global Power Generation Equipment Market, by Type
5.1 Global Turbine & Engines Market, by Region
5.2 Global Generators Market, by Region
5.3 Global Others Market, by Region

Chapter 6. Global Power Generation Equipment Market, by Application
6.1 Global Utility Market, by Region
6.2 Global Industrial Market, by Region
6.3 Global Commercial Market, by Region
6.4 Global Residential Market, by Region

Chapter 7. Global Power Generation Equipment Market, by Region
7.1 North America Power Generation Equipment Market
7.1.1 North America Power Generation Equipment Market, by Type
7.1.1.1 North America Turbine & Engines Market, by Country
7.1.1.2 North America Generators Market, by Country
7.1.1.3 North America Others Market, by Country
7.1.2 North America Power Generation Equipment Market, by Application
7.1.2.1 North America Utility Market, by Country
7.1.2.2 North America Industrial Market, by Country
7.1.2.3 North America Commercial Market, by Country
7.1.2.4 North America Residential Market, by Country
7.1.3 North America Power Generation Equipment Market, by Country
7.1.3.1 US Power Generation Equipment Market
7.1.3.1.1 US Power Generation Equipment Market, by Type
7.1.3.1.2 US Power Generation Equipment Market, by Application
7.1.3.2 Canada Power Generation Equipment Market
7.1.3.2.1 Canada Power Generation Equipment Market, by Type
7.1.3.2.2 Canada Power Generation Equipment Market, by Application
7.1.3.3 Mexico Power Generation Equipment Market
7.1.3.3.1 Mexico Power Generation Equipment Market, by Type
7.1.3.3.2 Mexico Power Generation Equipment Market, by Application
7.1.3.4 Rest of North America Power Generation Equipment Market
7.1.3.4.1 Rest of North America Power Generation Equipment Market, by Type
7.1.3.4.2 Rest of North America Power Generation Equipment Market, by Application
7.2 Europe Power Generation Equipment Market
7.2.1 Europe Power Generation Equipment Market, by Type
7.2.1.1 Europe Turbine & Engines Market, by Country
7.2.1.2 Europe Generators Market, by Country
7.2.1.3 Europe Others Market, by Country
7.2.2 Europe Power Generation Equipment Market, by Application
7.2.2.1 Europe Utility Market, by Country
7.2.2.2 Europe Industrial Market, by Country
7.2.2.3 Europe Commercial Market, by Country
7.2.2.4 Europe Residential Market, by Country
7.2.3 Europe Power Generation Equipment Market, by Country
7.2.3.1 Germany Power Generation Equipment Market
7.2.3.1.1 Germany Power Generation Equipment Market, by Type
7.2.3.1.2 Germany Power Generation Equipment Market, by Application
7.2.3.2 UK Power Generation Equipment Market
7.2.3.2.1 UK Power Generation Equipment Market, by Type
7.2.3.2.2 UK Power Generation Equipment Market, by Application
7.2.3.3 France Power Generation Equipment Market
7.2.3.3.1 France Power Generation Equipment Market, by Type
7.2.3.3.2 France Power Generation Equipment Market, by Application
7.2.3.4 Russia Power Generation Equipment Market
7.2.3.4.1 Russia Power Generation Equipment Market, by Type
7.2.3.4.2 Russia Power Generation Equipment Market, by Application
7.2.3.5 Spain Power Generation Equipment Market
7.2.3.5.1 Spain Power Generation Equipment Market, by Type
7.2.3.5.2 Spain Power Generation Equipment Market, by Application
7.2.3.6 Italy Power Generation Equipment Market
7.2.3.6.1 Italy Power Generation Equipment Market, by Type
7.2.3.6.2 Italy Power Generation Equipment Market, by Application
7.2.3.7 Rest of Europe Power Generation Equipment Market
7.2.3.7.1 Rest of Europe Power Generation Equipment Market, by Type
7.2.3.7.2 Rest of Europe Power Generation Equipment Market, by Application
7.3 Asia Pacific Power Generation Equipment Market
7.3.1 Asia Pacific Power Generation Equipment Market, by Type
7.3.1.1 Asia Pacific Turbine & Engines Market, by Country
7.3.1.2 Asia Pacific Generators Market, by Country
7.3.1.3 Asia Pacific Others Market, by Country
7.3.2 Asia Pacific Power Generation Equipment Market, by Application
7.3.2.1 Asia Pacific Utility Market, by Country
7.3.2.2 Asia Pacific Industrial Market, by Country
7.3.2.3 Asia Pacific Commercial Market, by Country
7.3.2.4 Asia Pacific Residential Market, by Country
7.3.3 Asia Pacific Power Generation Equipment Market, by Country
7.3.3.1 China Power Generation Equipment Market
7.3.3.1.1 China Power Generation Equipment Market, by Type
7.3.3.1.2 China Power Generation Equipment Market, by Application
7.3.3.2 Japan Power Generation Equipment Market
7.3.3.2.1 Japan Power Generation Equipment Market, by Type
7.3.3.2.2 Japan Power Generation Equipment Market, by Application
7.3.3.3 India Power Generation Equipment Market
7.3.3.3.1 India Power Generation Equipment Market, by Type
7.3.3.3.2 India Power Generation Equipment Market, by Application
7.3.3.4 South Korea Power Generation Equipment Market
7.3.3.4.1 South Korea Power Generation Equipment Market, by Type
7.3.3.4.2 South Korea Power Generation Equipment Market, by Application
7.3.3.5 Singapore Power Generation Equipment Market
7.3.3.5.1 Singapore Power Generation Equipment Market, by Type
7.3.3.5.2 Singapore Power Generation Equipment Market, by Application
7.3.3.6 Malaysia Power Generation Equipment Market
7.3.3.6.1 Malaysia Power Generation Equipment Market, by Type
7.3.3.6.2 Malaysia Power Generation Equipment Market, by Application
7.3.3.7 Rest of Asia Pacific Power Generation Equipment Market
7.3.3.7.1 Rest of Asia Pacific Power Generation Equipment Market, by Type
7.3.3.7.2 Rest of Asia Pacific Power Generation Equipment Market, by Application
7.4 LAMEA Power Generation Equipment Market
7.4.1 LAMEA Power Generation Equipment Market, by Type
7.4.1.1 LAMEA Turbine & Engines Market, by Country
7.4.1.2 LAMEA Generators Market, by Country
7.4.1.3 LAMEA Others Market, by Country
7.4.2 LAMEA Power Generation Equipment Market, by Application
7.4.2.1 LAMEA Utility Market, by Country
7.4.2.2 LAMEA Industrial Market, by Country
7.4.2.3 LAMEA Commercial Market, by Country
7.4.2.4 LAMEA Residential Market, by Country
7.4.3 LAMEA Power Generation Equipment Market, by Country
7.4.3.1 Brazil Power Generation Equipment Market
7.4.3.1.1 Brazil Power Generation Equipment Market, by Type
7.4.3.1.2 Brazil Power Generation Equipment Market, by Application
7.4.3.2 Argentina Power Generation Equipment Market
7.4.3.2.1 Argentina Power Generation Equipment Market, by Type
7.4.3.2.2 Argentina Power Generation Equipment Market, by Application
7.4.3.3 UAE Power Generation Equipment Market
7.4.3.3.1 UAE Power Generation Equipment Market, by Type
7.4.3.3.2 UAE Power Generation Equipment Market, by Application
7.4.3.4 Saudi Arabia Power Generation Equipment Market
7.4.3.4.1 Saudi Arabia Power Generation Equipment Market, by Type
7.4.3.4.2 Saudi Arabia Power Generation Equipment Market, by Application
7.4.3.5 South Africa Power Generation Equipment Market
7.4.3.5.1 South Africa Power Generation Equipment Market, by Type
7.4.3.5.2 South Africa Power Generation Equipment Market, by Application
7.4.3.6 Nigeria Power Generation Equipment Market
7.4.3.6.1 Nigeria Power Generation Equipment Market, by Type
7.4.3.6.2 Nigeria Power Generation Equipment Market, by Application
7.4.3.7 Rest of LAMEA Power Generation Equipment Market
7.4.3.7.1 Rest of LAMEA Power Generation Equipment Market, by Type
7.4.3.7.2 Rest of LAMEA Power Generation Equipment Market, by Application

Chapter 8. Company Profiles
8.1 Mitsubishi Heavy Industries Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Wartsila Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 ABB Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Siemens Energy AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Geographical Expansions:
8.4.6 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Caterpillar, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Bharat Heavy Electricals Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Schneider Electric SE
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Cummins, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research and Development Expense

Chapter 9. Winning Imperatives of Power Generation Equipment Market

TABLE 1 Global Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 2 Global Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Power Generation Equipment Market
TABLE 4 Product Launches And Product Expansions– Power Generation Equipment Market
TABLE 5 Acquisition and Mergers– Power Generation Equipment Market
TABLE 6 Geographical expansion – Power Generation Equipment Market
TABLE 7 Global Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 8 Global Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 9 Global Turbine & Engines Market, by Region, 2020 - 2023, USD Million
TABLE 10 Global Turbine & Engines Market, by Region, 2024 - 2031, USD Million
TABLE 11 Global Generators Market, by Region, 2020 - 2023, USD Million
TABLE 12 Global Generators Market, by Region, 2024 - 2031, USD Million
TABLE 13 Global Others Market, by Region, 2020 - 2023, USD Million
TABLE 14 Global Others Market, by Region, 2024 - 2031, USD Million
TABLE 15 Global Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 16 Global Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 17 Global Utility Market, by Region, 2020 - 2023, USD Million
TABLE 18 Global Utility Market, by Region, 2024 - 2031, USD Million
TABLE 19 Global Industrial Market, by Region, 2020 - 2023, USD Million
TABLE 20 Global Industrial Market, by Region, 2024 - 2031, USD Million
TABLE 21 Global Commercial Market, by Region, 2020 - 2023, USD Million
TABLE 22 Global Commercial Market, by Region, 2024 - 2031, USD Million
TABLE 23 Global Residential Market, by Region, 2020 - 2023, USD Million
TABLE 24 Global Residential Market, by Region, 2024 - 2031, USD Million
TABLE 25 Global Power Generation Equipment Market, by Region, 2020 - 2023, USD Million
TABLE 26 Global Power Generation Equipment Market, by Region, 2024 - 2031, USD Million
TABLE 27 North America Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 28 North America Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 29 North America Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 30 North America Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 31 North America Turbine & Engines Market, by Country, 2020 - 2023, USD Million
TABLE 32 North America Turbine & Engines Market, by Country, 2024 - 2031, USD Million
TABLE 33 North America Generators Market, by Country, 2020 - 2023, USD Million
TABLE 34 North America Generators Market, by Country, 2024 - 2031, USD Million
TABLE 35 North America Others Market, by Country, 2020 - 2023, USD Million
TABLE 36 North America Others Market, by Country, 2024 - 2031, USD Million
TABLE 37 North America Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 38 North America Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 39 North America Utility Market, by Country, 2020 - 2023, USD Million
TABLE 40 North America Utility Market, by Country, 2024 - 2031, USD Million
TABLE 41 North America Industrial Market, by Country, 2020 - 2023, USD Million
TABLE 42 North America Industrial Market, by Country, 2024 - 2031, USD Million
TABLE 43 North America Commercial Market, by Country, 2020 - 2023, USD Million
TABLE 44 North America Commercial Market, by Country, 2024 - 2031, USD Million
TABLE 45 North America Residential Market, by Country, 2020 - 2023, USD Million
TABLE 46 North America Residential Market, by Country, 2024 - 2031, USD Million
TABLE 47 North America Power Generation Equipment Market, by Country, 2020 - 2023, USD Million
TABLE 48 North America Power Generation Equipment Market, by Country, 2024 - 2031, USD Million
TABLE 49 US Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 50 US Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 51 US Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 52 US Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 53 US Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 54 US Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 55 Canada Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 56 Canada Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 57 Canada Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 58 Canada Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 59 Canada Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 60 Canada Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 61 Mexico Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 62 Mexico Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 63 Mexico Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 64 Mexico Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 65 Mexico Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 66 Mexico Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 67 Rest of North America Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 68 Rest of North America Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 69 Rest of North America Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 70 Rest of North America Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 71 Rest of North America Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 72 Rest of North America Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 73 Europe Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 74 Europe Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 75 Europe Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 76 Europe Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 77 Europe Turbine & Engines Market, by Country, 2020 - 2023, USD Million
TABLE 78 Europe Turbine & Engines Market, by Country, 2024 - 2031, USD Million
TABLE 79 Europe Generators Market, by Country, 2020 - 2023, USD Million
TABLE 80 Europe Generators Market, by Country, 2024 - 2031, USD Million
TABLE 81 Europe Others Market, by Country, 2020 - 2023, USD Million
TABLE 82 Europe Others Market, by Country, 2024 - 2031, USD Million
TABLE 83 Europe Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 84 Europe Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 85 Europe Utility Market, by Country, 2020 - 2023, USD Million
TABLE 86 Europe Utility Market, by Country, 2024 - 2031, USD Million
TABLE 87 Europe Industrial Market, by Country, 2020 - 2023, USD Million
TABLE 88 Europe Industrial Market, by Country, 2024 - 2031, USD Million
TABLE 89 Europe Commercial Market, by Country, 2020 - 2023, USD Million
TABLE 90 Europe Commercial Market, by Country, 2024 - 2031, USD Million
TABLE 91 Europe Residential Market, by Country, 2020 - 2023, USD Million
TABLE 92 Europe Residential Market, by Country, 2024 - 2031, USD Million
TABLE 93 Europe Power Generation Equipment Market, by Country, 2020 - 2023, USD Million
TABLE 94 Europe Power Generation Equipment Market, by Country, 2024 - 2031, USD Million
TABLE 95 Germany Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 96 Germany Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 97 Germany Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 98 Germany Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 99 Germany Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 100 Germany Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 101 UK Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 102 UK Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 103 UK Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 104 UK Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 105 UK Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 106 UK Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 107 France Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 108 France Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 109 France Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 110 France Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 111 France Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 112 France Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 113 Russia Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 114 Russia Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 115 Russia Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 116 Russia Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 117 Russia Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 118 Russia Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 119 Spain Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 120 Spain Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 121 Spain Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 122 Spain Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 123 Spain Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 124 Spain Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 125 Italy Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 126 Italy Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 127 Italy Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 128 Italy Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 129 Italy Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 130 Italy Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 131 Rest of Europe Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 132 Rest of Europe Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 133 Rest of Europe Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 134 Rest of Europe Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 135 Rest of Europe Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 136 Rest of Europe Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 137 Asia Pacific Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 138 Asia Pacific Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 139 Asia Pacific Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 140 Asia Pacific Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 141 Asia Pacific Turbine & Engines Market, by Country, 2020 - 2023, USD Million
TABLE 142 Asia Pacific Turbine & Engines Market, by Country, 2024 - 2031, USD Million
TABLE 143 Asia Pacific Generators Market, by Country, 2020 - 2023, USD Million
TABLE 144 Asia Pacific Generators Market, by Country, 2024 - 2031, USD Million
TABLE 145 Asia Pacific Others Market, by Country, 2020 - 2023, USD Million
TABLE 146 Asia Pacific Others Market, by Country, 2024 - 2031, USD Million
TABLE 147 Asia Pacific Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 148 Asia Pacific Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 149 Asia Pacific Utility Market, by Country, 2020 - 2023, USD Million
TABLE 150 Asia Pacific Utility Market, by Country, 2024 - 2031, USD Million
TABLE 151 Asia Pacific Industrial Market, by Country, 2020 - 2023, USD Million
TABLE 152 Asia Pacific Industrial Market, by Country, 2024 - 2031, USD Million
TABLE 153 Asia Pacific Commercial Market, by Country, 2020 - 2023, USD Million
TABLE 154 Asia Pacific Commercial Market, by Country, 2024 - 2031, USD Million
TABLE 155 Asia Pacific Residential Market, by Country, 2020 - 2023, USD Million
TABLE 156 Asia Pacific Residential Market, by Country, 2024 - 2031, USD Million
TABLE 157 Asia Pacific Power Generation Equipment Market, by Country, 2020 - 2023, USD Million
TABLE 158 Asia Pacific Power Generation Equipment Market, by Country, 2024 - 2031, USD Million
TABLE 159 China Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 160 China Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 161 China Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 162 China Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 163 China Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 164 China Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 165 Japan Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 166 Japan Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 167 Japan Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 168 Japan Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 169 Japan Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 170 Japan Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 171 India Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 172 India Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 173 India Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 174 India Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 175 India Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 176 India Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 177 South Korea Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 178 South Korea Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 179 South Korea Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 180 South Korea Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 181 South Korea Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 182 South Korea Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 183 Singapore Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 184 Singapore Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 185 Singapore Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 186 Singapore Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 187 Singapore Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 188 Singapore Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 189 Malaysia Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 190 Malaysia Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 191 Malaysia Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 192 Malaysia Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 193 Malaysia Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 194 Malaysia Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 195 Rest of Asia Pacific Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 196 Rest of Asia Pacific Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 197 Rest of Asia Pacific Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 198 Rest of Asia Pacific Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 199 Rest of Asia Pacific Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 200 Rest of Asia Pacific Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 201 LAMEA Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 202 LAMEA Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 203 LAMEA Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 204 LAMEA Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 205 LAMEA Turbine & Engines Market, by Country, 2020 - 2023, USD Million
TABLE 206 LAMEA Turbine & Engines Market, by Country, 2024 - 2031, USD Million
TABLE 207 LAMEA Generators Market, by Country, 2020 - 2023, USD Million
TABLE 208 LAMEA Generators Market, by Country, 2024 - 2031, USD Million
TABLE 209 LAMEA Others Market, by Country, 2020 - 2023, USD Million
TABLE 210 LAMEA Others Market, by Country, 2024 - 2031, USD Million
TABLE 211 LAMEA Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 212 LAMEA Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 213 LAMEA Utility Market, by Country, 2020 - 2023, USD Million
TABLE 214 LAMEA Utility Market, by Country, 2024 - 2031, USD Million
TABLE 215 LAMEA Industrial Market, by Country, 2020 - 2023, USD Million
TABLE 216 LAMEA Industrial Market, by Country, 2024 - 2031, USD Million
TABLE 217 LAMEA Commercial Market, by Country, 2020 - 2023, USD Million
TABLE 218 LAMEA Commercial Market, by Country, 2024 - 2031, USD Million
TABLE 219 LAMEA Residential Market, by Country, 2020 - 2023, USD Million
TABLE 220 LAMEA Residential Market, by Country, 2024 - 2031, USD Million
TABLE 221 LAMEA Power Generation Equipment Market, by Country, 2020 - 2023, USD Million
TABLE 222 LAMEA Power Generation Equipment Market, by Country, 2024 - 2031, USD Million
TABLE 223 Brazil Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 224 Brazil Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 225 Brazil Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 226 Brazil Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 227 Brazil Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 228 Brazil Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 229 Argentina Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 230 Argentina Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 231 Argentina Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 232 Argentina Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 233 Argentina Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 234 Argentina Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 235 UAE Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 236 UAE Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 237 UAE Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 238 UAE Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 239 UAE Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 240 UAE Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 241 Saudi Arabia Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 242 Saudi Arabia Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 243 Saudi Arabia Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 244 Saudi Arabia Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 245 Saudi Arabia Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 246 Saudi Arabia Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 247 South Africa Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 248 South Africa Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 249 South Africa Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 250 South Africa Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 251 South Africa Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 252 South Africa Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 253 Nigeria Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 254 Nigeria Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 255 Nigeria Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 256 Nigeria Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 257 Nigeria Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 258 Nigeria Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 259 Rest of LAMEA Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 260 Rest of LAMEA Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 261 Rest of LAMEA Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 262 Rest of LAMEA Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 263 Rest of LAMEA Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 264 Rest of LAMEA Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 265 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 266 Key Information – Wartsila Corporation
TABLE 267 Key Information – ABB Ltd.
TABLE 268 Key Information – Siemens Energy AG
TABLE 269 Key Information – General Electric Company
TABLE 270 key information – Caterpillar, Inc.
TABLE 271 Key information – Bharat Heavy Electricals Ltd.
TABLE 272 Key Information – Schneider Electric SE
TABLE 273 Key information – Cummins, Inc.
TABLE 274 Key Information – Toshiba Energy Systems & Solutions Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 Global Power Generation Equipment Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Power Generation Equipment Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov – 2020, Mar) Leading Players
FIG 7 Porter’s Five Forces Analysis – Power Generation Equipment Market
FIG 8 Global Power Generation Equipment Market share, by Type, 2023
FIG 9 Global Power Generation Equipment Market share, by Type, 2031
FIG 10 Global Power Generation Equipment Market, by Type, 2020 - 2031, USD Million
FIG 11 Global Power Generation Equipment Market share, by Application, 2023
FIG 12 Global Power Generation Equipment Market share, by Application, 2031
FIG 13 Global Power Generation Equipment Market, by Application, 2020 - 2031, USD Million
FIG 14 Global Power Generation Equipment Market share, by Region, 2023
FIG 15 Global Power Generation Equipment Market share, by Region, 2031
FIG 16 Global Power Generation Equipment Market, by Region, 2020 - 2031, USD Million
FIG 17 Recent strategies and developments: Mitsubishi Heavy Industries Ltd.
FIG 18 Swot Analysis: Mitsubishi Heavy Industries Ltd.
FIG 19 SWOT Analysis: Wartsila Corporation
FIG 20 SWOT Analysis: ABB ltd.
FIG 21 SWOT Analysis: Siemens Energy AG
FIG 22 SWOT Analysis: General Electric Company
FIG 23 SWOT Analysis: Caterpillar, Inc.
FIG 24 SWOT Analysis: Bharat Heavy Electricals Ltd.
FIG 25 SWOT Analysis: Schneider Electric SE
FIG 26 Recent strategies and developments: Cummins, Inc.
FIG 27 SWOT Analysis: Cummins, Inc.