Power Generation Market Size

Power Generation Market size was valued at USD 2.16 trillion in 2024 and is likely to cross USD 6.86 trillion by 2037, registering more than 9.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of power generation is assessed at USD 2.32 trillion.

The burgeoning population globally and the growing power consumption is expected to drive market growth in the upcoming years.

The global energy sector's transition from fossil-based systems of energy to clean sources of energy and the increasing government initiatives all over the world for creating new energy infrastructure are facilitating rapid growth and advancement in power generation.

Moreover, as the ability to create energy from renewable resources such as wind, solar, and hydro has been made possible by technological advancements, the market is further anticipated to rise to further eliminate the utilization of conventional fossil fuels.