North America Natural Gas Fired Electricity Generation Market Size & Outlook
North America natural gas fired electricity generation market, 2016-2027 (US$M)
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North America natural gas fired electricity generation market highlights
- The North America natural gas fired electricity generation market generated a revenue of USD 8,403.8 million in 2019.
- The market is expected to grow at a CAGR of 5.7% from 2020 to 2027.
- In terms of segment, combined cycle was the largest revenue generating technology in 2019.
- Combined Cycle is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 8,403.8 million |
| Market revenue in 2027 | USD 13,060.8 million |
| Growth rate | 5.7% (CAGR from 2019 to 2027) |
| Largest segment | Combined cycle |
| Fastest growing segment | Combined Cycle |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Open Cycle, Combined Cycle |
| Key market players worldwide | Portland General Electric Co, Siemens AG, Mitsubishi Heavy Industries Ltd, Kawasaki Heavy Industries Ltd, Ansaldo Energia |
Other key industry trends
- In terms of revenue, North America region accounted for 22.8% of the global natural gas fired electricity generation market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,533.5 million by 2027.
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Natural Gas Fired Electricity Generation Market Scope
Natural Gas Fired Electricity Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America natural gas fired electricity generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to natural gas fired electricity generation market will help companies and investors design strategic landscapes.
Combined cycle was the largest segment with a revenue share of 77.84% in 2019. Horizon Databook has segmented the North America natural gas fired electricity generation market based on open cycle, combined cycle covering the revenue growth of each sub-segment from 2016 to 2027.
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Our clientele includes a mix of natural gas fired electricity generation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America natural gas fired electricity generation market , including forecasts for subscribers. This continent databook contains high-level insights into North America natural gas fired electricity generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America natural gas fired electricity generation market size, by country, 2016-2027 (US$M)
North America Natural Gas Fired Electricity Generation Market Outlook Share, 2019 & 2027 (US$M)
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