North America Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers North American Power Market Analysis and it is segmented by Generation (Conventional Thermal, Hydro, Nuclear, and Non-Hydro Renewable), Transmission and Distribution, and Geography (United States, Canada, and Rest of North America). The market size and forecasts are provided in terms of revenue (USD Billion) for all the above segments.

North America Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Power Market Size

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North America Power Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 2.00 %

Major Players

North America Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Power Market Analysis

The North America Power Market is expected to register a CAGR of less than 2% during the forecast period.

The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.

  • Increasing industrialization and urbanization in countries, such as Mexico, are expected to drive the North American power market.
  • However, the upgradation of these power plants is difficult, owing to political disturbances and cost-related issues. These factors are expected to have a negative impact on the North American power market.
  • The guidelines for decreasing carbon footprint by countries, such as the United States and Canada, boosted the installation of renewable plants in North America. This factor is expected to create several opportunities for the North American power market in the future.
  • The United States, due to its increasing energy consumption, is expected to dominate the market during the forecast period.

North America Power Industry Overview

The North American power market is moderately consolidated. Some of the key players in this market ( not in a particular order ) include General Electric Company, Oersted AS, Toshiba Corp., Bechtel Corporation, and Techint Group.

North America Power Market Leaders

  1. General Electric Company

  2. Oersted A/S

  3. Toshiba Corp

  4. Bechtel Corporation -

  5. *Disclaimer: Major Players sorted in no particular order
North America Power Market Concentration
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North America Power Market News

  • In August 2022, The U.S. Department of Energy's Water Power Technologies Office has given GE Research, the technological development division of General Electric Company, a 30-month, USD 4.3 million projects to increase the operating capacity and flexibility of hydropower assets.
  • In October 2022, Belltown Power U.S. sold a 6 GW portfolio of solar, coupled, and stand-alone battery storage development projects to ENGIE North America (ENGIE). 33 projects totaling approximately 2.7 GW of solar energy, 0.7 GW of paired storage, and 2.6 GW of standalone battery storage are included in the transaction. Acquisition of 33 early to late-stage projects will accelerate renewables development across multiple states in North America.
  • In November 2022, EE North America joined up with Elio Energy to build a 2GW solar power pipeline and energy storage assets in Arizona and neighboring states in the United States. The company intends to build 10GW of renewable energy capacity in the country by 2026 in order to assist state and local governments across the United States in meeting their net-zero emissions targets.

North America Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 North America Power Generating Capacity Forecast, in Megawatt (MW), till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGEMENTATION

  • 5.1 Generation
    • 5.1.1 Conventional Thermal
    • 5.1.2 Hydro
    • 5.1.3 Nuclear
    • 5.1.4 Non-hydro Renewable
  • 5.2 Transmission and Distribution
  • 5.3 Geography
    • 5.3.1 United States
    • 5.3.2 Canada
    • 5.3.3 Rest of North America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
  • 6.2 Strategies Adopted by Key Players
  • 6.3 Company Profiles
    • 6.3.1 General Electric Company
    • 6.3.2 Novi Energy LLC
    • 6.3.3 Abengoa SA
    • 6.3.4 Techint Group
    • 6.3.5 Toshiba Corp.
    • 6.3.6 Oersted AS
    • 6.3.7 Allete Inc.
    • 6.3.8 Bechtel Corporation
    • 6.3.9 NuScale Power LLC
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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North America Power Industry Segmentation

Power generation is the production of electricity from sources such as fossil fuels, nuclear power plants, hydroelectric dams (except those with pumped storage), geothermal energy, solar energy, biofuels, wind energy, etc. It comprises the electricity generated in combined heat and power and electricity-only facilities.

 The market is segmented by generation, transmission and distribution, and geography. By generation, the market is segmented into conventional thermal, hydro, nuclear, and non-hydro renewable. The report also covers the market size and forecasts for the north America power market across the major countries. For each segment, the market sizing and forecasts have been done on the revenue (USD Billion).

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North America Power Market Research FAQs

What is the current North America Power Market size?

The North America Power Market is projected to register a CAGR of less than 2% during the forecast period (2025-2030)

Who are the key players in North America Power Market?

General Electric Company, Oersted A/S, Toshiba Corp and Bechtel Corporation - are the major companies operating in the North America Power Market.

What years does this North America Power Market cover?

The report covers the North America Power Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the North America Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Power in North America Industry Report

Statistics for the 2025 North America Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Power analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Power Market in North America Report Snapshots