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

PUBLISHED: April 5, 2024

PAGES: 106 Pages

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The Europe Power Generation Equipment Market would witness market growth of 4.2% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Power Generation Equipment Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,767.5 Million by 2031. The UK market is exhibiting a CAGR of 3.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 5% during (2024 - 2031).

This equipment applications span various sectors and industries, serving critical needs for electricity generation, backup power supply, grid support, and energy resilience. For example, this equipment is extensively used in utility-scale power plants to generate electricity for large-scale distribution to residential, commercial, and industrial consumers. These power plants employ diverse technologies such as coal, natural gas, nuclear, hydroelectric, wind, solar, and biomass to produce electricity on a massive scale.

Industries rely on this equipment to meet their electricity needs for manufacturing processes, machinery operation, and facility infrastructure. Power-intensive industries such as manufacturing, mining, oil and gas, chemicals, and petrochemicals utilize boilers, turbines, generators, and combined heat and power (CHP) systems to power their operations.

Europe's electricity grid infrastructure may need upgrades and expansions to accommodate the increased demand for EV charging stations. This equipment manufacturers could benefit from contracts to supply generators, transformers, and other components necessary for grid modernization projects. Also, with a greater focus on reducing carbon emissions, there could be a shift towards cleaner energy sources to power EV charging stations in Europe. This could result in higher funding for renewable energy generation technologies, including hydroelectric, solar, and wind power, creating opportunities for producers of renewable energy equipment. Therefore, the market is increasing due to the growing number of EV sales in the region.

Based on Type, the market is segmented into Turbine & Engines, Generators, and Others. Based on Application, the market is segmented into Utility, Industrial, Commercial, and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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)

Europe Power Generation Equipment Market Report Segmentation

By Type

Turbine & Engines
Generators
Others

By Application

Utility
Industrial
Commercial
Residential

By Country

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Europe Power Generation Equipment Market, by Type
- 1.4.2Europe Power Generation Equipment Market, by Application
- 1.4.3Europe Power Generation Equipment Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

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

Chapter 4.Competition Analysis - Global

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

Chapter 5.Europe Power Generation Equipment Market, by Type

5.1Europe Turbine & Engines Market, by Country
5.2Europe Generators Market, by Country
5.3Europe Others Market, by Country

Chapter 6.Europe Power Generation Equipment Market, by Application

6.1Europe Utility Market, by Country
6.2Europe Industrial Market, by Country
6.3Europe Commercial Market, by Country
6.4Europe Residential Market, by Country

Chapter 7.Europe Power Generation Equipment Market, by Country

7.1Germany Power Generation Equipment Market
- 7.1.1Germany Power Generation Equipment Market, by Type
- 7.1.2Germany Power Generation Equipment Market, by Application
7.2UK Power Generation Equipment Market
- 7.2.1UK Power Generation Equipment Market, by Type
- 7.2.2UK Power Generation Equipment Market, by Application
7.3France Power Generation Equipment Market
- 7.3.1France Power Generation Equipment Market, by Type
- 7.3.2France Power Generation Equipment Market, by Application
7.4Russia Power Generation Equipment Market
- 7.4.1Russia Power Generation Equipment Market, by Type
- 7.4.2Russia Power Generation Equipment Market, by Application
7.5Spain Power Generation Equipment Market
- 7.5.1Spain Power Generation Equipment Market, by Type
- 7.5.2Spain Power Generation Equipment Market, by Application
7.6Italy Power Generation Equipment Market
- 7.6.1Italy Power Generation Equipment Market, by Type
- 7.6.2Italy Power Generation Equipment Market, by Application
7.7Rest of Europe Power Generation Equipment Market
- 7.7.1Rest of Europe Power Generation Equipment Market, by Type
- 7.7.2Rest of Europe Power Generation Equipment Market, by Application

Chapter 8.Company Profiles

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

LIST OF TABLES

TABLE 1Europe Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 2Europe Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 3Partnerships, Collaborations and Agreements- Power Generation Equipment Market
TABLE 4Product Launches And Product Expansions- Power Generation Equipment Market
TABLE 5Acquisition and Mergers- Power Generation Equipment Market
TABLE 6Geographical expansion - Power Generation Equipment Market
TABLE 7Europe Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 8Europe Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 9Europe Turbine & Engines Market, by Country, 2020 - 2023, USD Million
TABLE 10Europe Turbine & Engines Market, by Country, 2024 - 2031, USD Million
TABLE 11Europe Generators Market, by Country, 2020 - 2023, USD Million
TABLE 12Europe Generators Market, by Country, 2024 - 2031, USD Million
TABLE 13Europe Others Market, by Country, 2020 - 2023, USD Million
TABLE 14Europe Others Market, by Country, 2024 - 2031, USD Million
TABLE 15Europe Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 16Europe Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 17Europe Utility Market, by Country, 2020 - 2023, USD Million
TABLE 18Europe Utility Market, by Country, 2024 - 2031, USD Million
TABLE 19Europe Industrial Market, by Country, 2020 - 2023, USD Million
TABLE 20Europe Industrial Market, by Country, 2024 - 2031, USD Million
TABLE 21Europe Commercial Market, by Country, 2020 - 2023, USD Million
TABLE 22Europe Commercial Market, by Country, 2024 - 2031, USD Million
TABLE 23Europe Residential Market, by Country, 2020 - 2023, USD Million
TABLE 24Europe Residential Market, by Country, 2024 - 2031, USD Million
TABLE 25Europe Power Generation Equipment Market, by Country, 2020 - 2023, USD Million
TABLE 26Europe Power Generation Equipment Market, by Country, 2024 - 2031, USD Million
TABLE 27Germany Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 28Germany Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 29Germany Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 30Germany Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 31Germany Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 32Germany Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 33UK Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 34UK Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 35UK Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 36UK Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 37UK Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 38UK Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 39France Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 40France Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 41France Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 42France Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 43France Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 44France Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 45Russia Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 46Russia Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 47Russia Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 48Russia Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 49Russia Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 50Russia Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 51Spain Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 52Spain Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 53Spain Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 54Spain Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 55Spain Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 56Spain Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 57Italy Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 58Italy Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 59Italy Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 60Italy Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 61Italy Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 62Italy Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 63Rest of Europe Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 64Rest of Europe Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 65Rest of Europe Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 66Rest of Europe Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 67Rest of Europe Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 68Rest of Europe Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 69Key Information - Mitsubishi Heavy Industries Ltd.
TABLE 70Key Information - Wartsila Corporation
TABLE 71Key Information - ABB Ltd.
TABLE 72Key Information - Siemens Energy AG
TABLE 73Key Information - General Electric Company
TABLE 74key information - Caterpillar, Inc.
TABLE 75Key information - Bharat Heavy Electricals Ltd.
TABLE 76Key Information - Schneider Electric SE
TABLE 77Key information - Cummins, Inc.
TABLE 78Key Information - Toshiba Energy Systems & Solutions Corporation