Natural Gas Fired Electricity Generation Market Demand Is Expected To Reach 70,500.0 MW By 2027 “The volume of the global natural gas fired electricity generation market is estimated to touch 70,500.0 MW by 2027. The market is estimated to register 4.71% CAGR over the forecast years.”
Global Natural Gas Fired Electricity Generation Market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of Natural gas fired electricity generation industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, Natural gas fired electricity generation barriers, and feasibility study are the vital aspects evaluated in this report. The volume of the global natural gas fired electricity generation market is estimated to touch 70,500.0 MW by 2027. The market is estimated to register 4.71% CAGR over the forecast years. Factors such as increasing energy demand across the globe, rise in the production of natural gas and favorable government initiatives are propelling the market growth. Power consumption across the world has increased significantly owing to the rapid economic growth and urbanization. Countries such as the United States, Japan, India and China are witnessing a considerable rise in energy consumption. These countries are increasingly opting for natural gas-based power generation owing to growing emission by coalbased power generation. Market players are partnering with governments to modernize and renovate their existing energy infrastructure. In addition, strategic initiatives such as merger & acquisition, geographical expansion and joint ventures are being adopted by market players to strengthen their position in the market.
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