Europe Power Generation Equipment Market Size, Share & Trends Analysis Report By Type (Turbine & Engines, Generators, and Others), By Application (Utility, Industrial, Commercial, and Residential), By Country and Growth Forecast, 2024 - 2031

The Europe Power Generation Equipment Market would witness market growth of 4.2% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Power Generation Equipment Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,767.5 Million by 2031. The UK market is exhibiting a CAGR of 3.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 5% during (2024 - 2031).

This equipment applications span various sectors and industries, serving critical needs for electricity generation, backup power supply, grid support, and energy resilience. For example, this equipment is extensively used in utility-scale power plants to generate electricity for large-scale distribution to residential, commercial, and industrial consumers. These power plants employ diverse technologies such as coal, natural gas, nuclear, hydroelectric, wind, solar, and biomass to produce electricity on a massive scale.

Industries rely on this equipment to meet their electricity needs for manufacturing processes, machinery operation, and facility infrastructure. Power-intensive industries such as manufacturing, mining, oil and gas, chemicals, and petrochemicals utilize boilers, turbines, generators, and combined heat and power (CHP) systems to power their operations.

Europe’s electricity grid infrastructure may need upgrades and expansions to accommodate the increased demand for EV charging stations. This equipment manufacturers could benefit from contracts to supply generators, transformers, and other components necessary for grid modernization projects. Also, with a greater focus on reducing carbon emissions, there could be a shift towards cleaner energy sources to power EV charging stations in Europe. This could result in higher funding for renewable energy generation technologies, including hydroelectric, solar, and wind power, creating opportunities for producers of renewable energy equipment. Therefore, the market is increasing due to the growing number of EV sales in the region.

Free Valuable Insights: The Global Power Generation Equipment Market will Hit USD 157.7 Billion by 2031, at a CAGR of 4.6%

Based on Type, the market is segmented into Turbine & Engines, Generators, and Others. Based on Application, the market is segmented into Utility, Industrial, Commercial, and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Mitsubishi Heavy Industries Ltd.
• Wartsila Corporation
• ABB Ltd.
• Siemens Energy AG
• General Electric Company
• Caterpillar, Inc.
• Bharat Heavy Electricals Ltd.
• Schneider Electric SE
• Cummins, Inc.
• Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)

Europe Power Generation Equipment Market Report Segmentation

By Type

• Turbine & Engines
• Generators
• Others

By Application

• Utility
• Industrial
• Commercial
• Residential

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Power Generation Equipment Market, by Type
1.4.2 Europe Power Generation Equipment Market, by Application
1.4.3 Europe Power Generation Equipment Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical expansion
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov – 2020, Mar) Leading Players
4.4 Porter’s Five Forces Analysis

Chapter 5. Europe Power Generation Equipment Market, by Type
5.1 Europe Turbine & Engines Market, by Country
5.2 Europe Generators Market, by Country
5.3 Europe Others Market, by Country

Chapter 6. Europe Power Generation Equipment Market, by Application
6.1 Europe Utility Market, by Country
6.2 Europe Industrial Market, by Country
6.3 Europe Commercial Market, by Country
6.4 Europe Residential Market, by Country

Chapter 7. Europe Power Generation Equipment Market, by Country
7.1 Germany Power Generation Equipment Market
7.1.1 Germany Power Generation Equipment Market, by Type
7.1.2 Germany Power Generation Equipment Market, by Application
7.2 UK Power Generation Equipment Market
7.2.1 UK Power Generation Equipment Market, by Type
7.2.2 UK Power Generation Equipment Market, by Application
7.3 France Power Generation Equipment Market
7.3.1 France Power Generation Equipment Market, by Type
7.3.2 France Power Generation Equipment Market, by Application
7.4 Russia Power Generation Equipment Market
7.4.1 Russia Power Generation Equipment Market, by Type
7.4.2 Russia Power Generation Equipment Market, by Application
7.5 Spain Power Generation Equipment Market
7.5.1 Spain Power Generation Equipment Market, by Type
7.5.2 Spain Power Generation Equipment Market, by Application
7.6 Italy Power Generation Equipment Market
7.6.1 Italy Power Generation Equipment Market, by Type
7.6.2 Italy Power Generation Equipment Market, by Application
7.7 Rest of Europe Power Generation Equipment Market
7.7.1 Rest of Europe Power Generation Equipment Market, by Type
7.7.2 Rest of Europe Power Generation Equipment Market, by Application

Chapter 8. Company Profiles
8.1 Mitsubishi Heavy Industries Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Wartsila Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 ABB Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Siemens Energy AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Geographical Expansions:
8.4.6 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Caterpillar, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Bharat Heavy Electricals Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Schneider Electric SE
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Cummins, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research and Development Expense

TABLE 1 Europe Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 2 Europe Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Power Generation Equipment Market
TABLE 4 Product Launches And Product Expansions– Power Generation Equipment Market
TABLE 5 Acquisition and Mergers– Power Generation Equipment Market
TABLE 6 Geographical expansion – Power Generation Equipment Market
TABLE 7 Europe Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 8 Europe Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 9 Europe Turbine & Engines Market, by Country, 2020 - 2023, USD Million
TABLE 10 Europe Turbine & Engines Market, by Country, 2024 - 2031, USD Million
TABLE 11 Europe Generators Market, by Country, 2020 - 2023, USD Million
TABLE 12 Europe Generators Market, by Country, 2024 - 2031, USD Million
TABLE 13 Europe Others Market, by Country, 2020 - 2023, USD Million
TABLE 14 Europe Others Market, by Country, 2024 - 2031, USD Million
TABLE 15 Europe Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 16 Europe Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 17 Europe Utility Market, by Country, 2020 - 2023, USD Million
TABLE 18 Europe Utility Market, by Country, 2024 - 2031, USD Million
TABLE 19 Europe Industrial Market, by Country, 2020 - 2023, USD Million
TABLE 20 Europe Industrial Market, by Country, 2024 - 2031, USD Million
TABLE 21 Europe Commercial Market, by Country, 2020 - 2023, USD Million
TABLE 22 Europe Commercial Market, by Country, 2024 - 2031, USD Million
TABLE 23 Europe Residential Market, by Country, 2020 - 2023, USD Million
TABLE 24 Europe Residential Market, by Country, 2024 - 2031, USD Million
TABLE 25 Europe Power Generation Equipment Market, by Country, 2020 - 2023, USD Million
TABLE 26 Europe Power Generation Equipment Market, by Country, 2024 - 2031, USD Million
TABLE 27 Germany Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 28 Germany Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 29 Germany Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 30 Germany Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 31 Germany Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 32 Germany Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 33 UK Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 34 UK Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 35 UK Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 36 UK Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 37 UK Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 38 UK Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 39 France Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 40 France Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 41 France Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 42 France Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 43 France Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 44 France Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 45 Russia Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 46 Russia Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 47 Russia Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 48 Russia Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 49 Russia Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 50 Russia Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 51 Spain Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 52 Spain Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 53 Spain Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 54 Spain Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 55 Spain Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 56 Spain Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 57 Italy Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 58 Italy Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 59 Italy Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 60 Italy Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 61 Italy Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 62 Italy Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 63 Rest of Europe Power Generation Equipment Market, 2020 - 2023, USD Million
TABLE 64 Rest of Europe Power Generation Equipment Market, 2024 - 2031, USD Million
TABLE 65 Rest of Europe Power Generation Equipment Market, by Type, 2020 - 2023, USD Million
TABLE 66 Rest of Europe Power Generation Equipment Market, by Type, 2024 - 2031, USD Million
TABLE 67 Rest of Europe Power Generation Equipment Market, by Application, 2020 - 2023, USD Million
TABLE 68 Rest of Europe Power Generation Equipment Market, by Application, 2024 - 2031, USD Million
TABLE 69 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 70 Key Information – Wartsila Corporation
TABLE 71 Key Information – ABB Ltd.
TABLE 72 Key Information – Siemens Energy AG
TABLE 73 Key Information – General Electric Company
TABLE 74 key information – Caterpillar, Inc.
TABLE 75 Key information – Bharat Heavy Electricals Ltd.
TABLE 76 Key Information – Schneider Electric SE
TABLE 77 Key information – Cummins, Inc.
TABLE 78 Key Information – Toshiba Energy Systems & Solutions Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Power Generation Equipment Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Power Generation Equipment Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov – 2020, Mar) Leading Players
FIG 7 Porter’s Five Forces Analysis – Power Generation Equipment Market
FIG 8 Europe Power Generation Equipment Market share, by Type, 2023
FIG 9 Europe Power Generation Equipment Market share, by Type, 2031
FIG 10 Europe Power Generation Equipment Market, by Type, 2020 - 2031, USD Million
FIG 11 Europe Power Generation Equipment Market share, by Application, 2023
FIG 12 Europe Power Generation Equipment Market share, by Application, 2031
FIG 13 Europe Power Generation Equipment Market, by Application, 2020 - 2031, USD Million
FIG 14 Europe Power Generation Equipment Market share, by Country, 2023
FIG 15 Europe Power Generation Equipment Market share, by Country, 2031
FIG 16 Europe Power Generation Equipment Market, by Country, 2020 - 2031, USD Million
FIG 17 Recent strategies and developments: Mitsubishi Heavy Industries Ltd.
FIG 18 Swot Analysis: Mitsubishi Heavy Industries Ltd.
FIG 19 SWOT Analysis: Wartsila Corporation
FIG 20 SWOT Analysis: ABB ltd.
FIG 21 SWOT Analysis: Siemens Energy AG
FIG 22 SWOT Analysis: General Electric Company
FIG 23 SWOT Analysis: Caterpillar, Inc.
FIG 24 SWOT Analysis: Bharat Heavy Electricals Ltd.
FIG 25 SWOT Analysis: Schneider Electric SE
FIG 26 Recent strategies and developments: Cummins, Inc.
FIG 27 SWOT Analysis: Cummins, Inc.