The Natural Gas Power Generation Market is expected to reach USD 122.49 billion by 2030, growing at a CAGR of 4.8%. Factors driving growth include increasing electricity demand, transition to lower-carbon energy sources, and advancements in technology. The open cycle segment is projected to have the highest growth rate due to its quick start-up capabilities. The 201–500 MW power output segment is also expected to grow significantly, offering a balance between scale and flexibility. Asia Pacific is anticipated to be the fastest-growing region, driven by factors such as surging electricity demand and policy shifts towards cleaner energy sources.

Read more at Globe Newswire: Natural Gas Power Generation Market Size to Grow $122.49