Power Generation Equipment Market Size, Share & Industry Analysis, By Equipment Type (Turbines, (Steam Turbines, Gas Turbines, Hydro Turbines, and Wind Turbines), Generators, Boilers, Transformers, and Balance of Plant (BOP) Equipment), By Power Source (Thermal Power, Renewable Power, and Nuclear Power), By Application (Utility Power Generation, Industrial Power Generation, and Distributed Power Generation), and Regional Forecast, 2026 – 2034

Last Updated: May 06, 2026 | Format: PDF | Report ID: FBI116070

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ATTRIBUTE	DETAILS
Study Period	2021-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2021-2024
Growth Rate	CAGR of 6.1% from 2026 to 2034
Unit	Value (USD Billion)
Segmentation	By Equipment Type, Power Source, Application, and Region
By Equipment Type	Turbines Steam Turbines Gas Turbines Hydro Turbines Wind Turbines Generators Boilers Transformers Balance of Plant (BOP) Equipment
By Power Source	Thermal Power Renewable Power Nuclear Power
By Application	Utility Power Generation Industrial Power Generation Distributed Power Generation
By Region	North America (By Equipment Type, By Power Source, By Application, and Country) U.S. (By Equipment Type) Canada (By Equipment Type) Mexico (By Equipment Type) Europe (By Equipment Type, By Power Source, By Application, and Country/Sub-region) Germany (By Equipment Type) U.K. (By Equipment Type) France (By Equipment Type) Spain (By Equipment Type) Italy (By Equipment Type) BENELUX (By Equipment Type) Nordics (By Equipment Type) Russia (By Equipment Type) Rest of Europe Asia Pacific (By Equipment Type, By Power Source, By Application, and Country/Sub-region) China (By Equipment Type) Japan (By Equipment Type) India (By Equipment Type) South Korea (By Equipment Type) ASEAN (By Equipment Type) Oceania (By Equipment Type) Rest of Asia Pacific South America (By Equipment Type, By Power Source, By Application, and Country/Sub-region) Brazil (By Equipment Type) Argentina (By Equipment Type) Rest of South America Middle East & Africa (By Equipment Type, By Power Source, By Application, and Country/Sub-region) GCC Countries (By Equipment Type) South Africa (By Equipment Type) North Africa (By Equipment Type) Israel (By Equipment Type) Rest of Middle East & Africa