Russia Natural Gas Fired Electricity Generation Market Size & Outlook

The natural gas fired electricity generation market in Russia is expected to reach a projected revenue of US$ 2,043.3 million by 2027. A compound annual growth rate of 5.8% is expected of Russia natural gas fired electricity generation market from 2020 to 2027.
Revenue, 2019 (US$M)
$1,305.0
Forecast, 2027 (US$M)
$2,043.3
CAGR, 2020 - 2027
5.8%
Report Coverage
Russia

Russia natural gas fired electricity generation market highlights

  • The Russia natural gas fired electricity generation market generated a revenue of USD 1,305.0 million in 2019 and is expected to reach USD 2,043.3 million by 2027.
  • The Russia market is expected to grow at a CAGR of 5.8% from 2020 to 2027.
  • In terms of segment, combined cycle was the largest revenue generating technology in 2019.
  • Open Cycle is the most lucrative technology segment registering the fastest growth during the forecast period.


Natural gas fired electricity generation market data book summary

Market revenue in 2019USD 1,305.0 million
Market revenue in 2027USD 2,043.3 million
Growth rate5.8% (CAGR from 2019 to 2027)
Largest segmentCombined cycle
Fastest growing segmentOpen Cycle
Historical data2016 - 2018
Base year2019
Forecast period2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationOpen Cycle, Combined Cycle
Key market players worldwidePortland General Electric Co, Siemens AG, Mitsubishi Heavy Industries Ltd, Kawasaki Heavy Industries Ltd, Ansaldo Energia


Other key industry trends

  • In terms of revenue, Russia accounted for 3.5% of the global natural gas fired electricity generation market in 2019.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
  • In Europe, Russia natural gas fired electricity generation market is projected to lead the regional market in terms of revenue in 2027.
  • Russia is the fastest growing regional market in Europe and is projected to reach USD 2,043.3 million by 2027.

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Natural Gas Fired Electricity Generation Market Scope

Natural Gas Fired Electricity Generation Market Companies

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Russia 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 76.31% in 2019. Horizon Databook has segmented the Russia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Russia natural gas fired electricity generation market , including forecasts for subscribers. This country databook contains high-level insights into Russia natural gas fired electricity generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Russia natural gas fired electricity generation market size, by technology, 2016-2027 (US$M)

Russia Natural Gas Fired Electricity Generation Market Outlook Share, 2019 & 2027 (US$M)

Russia natural gas fired electricity generation market size, by technology, 2016-2027 (US$M)

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