Global Markets for Natural Gas-Fired Electricity Generation

June 01, 2012

Wellesley, Mass. – According to a new technical market research report, GLOBAL MARKETS FOR NATURAL GAS-FIRED ELECTRICITY GENERATION (EGY096A) from BCC Research (www.bccresearch.com), the global market for natural gas-fired electricity generation is projected to reach nearly $34 billion in 2012 and should reach $41.2 billion in 2017, a compound annual growth rate (CAGR) of 3.9% over the five-year period.

The natural gas-fired electricity generation market can be broken down into six regions: Asia-Pacific, Europe and Eurasia, North America, Middle East, Africa, and South and Central America.

The Asia-Pacific region is projected to account for $15.7 billion in 2012 and should reach nearly $20.7 billion in 2017, a CAGR of 5.7%.

Europe and Eurasia are expected to account for more than $7 billion in 2012 and $7.5 billion in 2017, a CAGR of 1.3%.

North America, projected to be worth $6.5 billion in 2012, should reach $7 billion in 2017, increasing at a CAGR of 1.5%.

The Middle East has the highest projected CAGR of the six regions, an expected 5.9% from 2012 to 2017. Despite smaller total values, Africa, and South and Central America are expected to experience moderate CAGRs of 3.7% and 4.1%, respectively, from 2012 to 2017.

The electricity generation industry is one of the largest in the world and one of the driving forces behind the global economy. Electricity generation is essential for the global manufacturing, information technology (IT), resource extraction, and services industries. 

Natural gas accounts for approximately 23% of total electricity generation output. Gas-fired plants have generally been the preferred option for new electricity capacity. Not only is the technology well known and the fuel readily available at low cost, but natural gas plants can be expanded easily, are more environmentally friendly than coal plants, and have a smaller minimum efficient size than coal-fired plants.

This report is an invaluable tool for business planners, acquisitions specialists, licensing strategists, product managers, market research analysts, investors, investor consultants, and anyone interested in the global electricity generation market, the industry’s structure, and industry participants across the globe.

In addition to EGY096A, BCC also has published EGY100A, EGY101A, EGY102A, EGY103A, and EGY104A. These reports cover natural gas-fired electricity generation markets with focuses, respectively, on the North America, Europe and Eurasia, Asia-Pacific, the Middle East and Africa, and South and Central America. 

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Global Markets for Natural Gas-Fired Electricity Generation( EGY096A )
Publish Date: May 2012    

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