The Power Generation market is undergoing a major transformation, driven by global electrification and the shift to clean energy. Valued at USD 2.39 Trillion in 2023, it’s projected to grow to USD 4.3 Trillion by 2030, at a CAGR of 9.1% from 2024 to 2030. This growth is fueled by rising energy demand, decarbonization goals, and advancements in smart grid technology.
The increasing Power Generation Market Size reflects investments in renewable sources like solar, wind, and hydro, along with energy storage and digital infrastructure. Nations are modernizing their grids to support distributed energy and improve reliability.
Current Power Generation Market Trends show a clear move toward decentralization, green hydrogen, AI-powered monitoring, and hybrid power systems. Regions like Asia-Pacific and Europe are leading this change, while emerging markets invest in rural electrification.
With innovation at its core, the power generation sector is no longer just about electricity — it's about powering a sustainable future.
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