Market Overview:
The global fossil fuel electric power generation market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity across the globe and rising investments in renewable energy sources. In terms of type, the coal segment is expected to dominate the market during the forecast period, owing to its low cost and high efficiency as compared to other fossil fuels. However, oil-based power generation is projected to grow at a higher CAGR during 2018-2030 due mainly due its growing demand from developing countries such as China and India.
Product Definition:
Fossil fuel electric power generation is the process of generating electricity from the burning of fossil fuels such as coal, natural gas, and oil. These fuels are burned to create heat, which is then used to generate steam that powers turbines that produce electricity. Fossil fuel electric power generation is important because it accounts for most of the world's electricity production and it is a major source of carbon emissions.
Coal:
Coal is a readily available, widely used and easily accessible fossil fuel. It is formed from the remains of plant-bearing beds or coal beds and can be classified as lignite, sub-bituminous, bituminous and anthracite. Its usage has been increasing at an alarming rate in power generation plants across the globe owing to its properties such as low cost & easy accessibility & handling along with abundant availability worldwide.
Oil:
The oil is a black liquid that is extracted from the ground. It can be used for various purposes such as transportation, industrial, and electric power generation. Fossil fuel electric power generation uses oil in its solid form known as coal or lignite which can be derived from natural gas or petroleum. The usage of fossil fuels in the electric power industry has been prevalent since 1882 when Thomas Edison introduced his system based on fossil fuels to generate electricity using a generator.
Application Insights:
The global fossil fuel electric power generation market is segmented by application into residential, commercial and industrial. The commercial application segment dominated the overall industry in 2017 owing to growing demand for electricity from emerging economies such as China, India and Brazil. Rapid urbanization coupled with rising disposable income has led to an increase in the number of power stations that supply electricity to the grid. This trend is expected to continue over the forecast period due these countries becoming net importers of coal, oil and gas respectively.
Industrial applications are projected witness a CAGR of XX% from 2018 to 2030 on account of increasing use in manufacturing facilities across various regions including Asia Pacific, Middle East & Africa and North America. In addition, rapid industrialization along with technological advancements leading towards increased efficiency is anticipated further drive growth over this period particularly in developing nations such as India where electric utility companies are planning large scale investments for expanding their generating capacity over next eight years i.e.
Regional Analysis:
Asia Pacific accounted for the largest market share of fossil fuel electric power generation in 2016 and is projected to grow at the highest CAGR over the forecast period. China, India, Japan, South Korea, Indonesia and Pakistan are some of the major countries that contribute to Asia Pacific’s growth. The region has witnessed a significant rise in coal power capacity addition from 2014 to 2018 as can be seen in Table 1.
Coal remains dominant owing to its low cost advantage over other fuels such as gas and oil especially when compared with carbon pricing policies which are expected to increase its price by 2020s across various regions including North America and Europe (Liu et al., 2017). In 2016, Asia Pacific had 438 operational coal-based units with an average capacity factor of 31.1%. This rate is likely to decline gradually over next eight years due high auction prices for CO2 emissions which have been increasing steadily since 2013 (Khan & Lipton 2015).
Growth Factors:
- Increasing demand for electricity from developing countries
- Government policies and regulations supporting the use of fossil fuels for power generation
- Rising prices of alternative energy sources such as solar and wind power
- Technological advancements that make the use of fossil fuels more efficient and environmentally friendly
- Growing population and increasing per capita consumption of electricity
Scope Of The Report
Report Attributes
Report Details
Report Title
Fossil Fuel Electric Power Generation Market Research Report
By Type
Coal, Oil, Natural Gas
By Application
Residential, Commercial, Industrial
By Companies
Iberdrola, Huaneng Power International, Engie SA, Enel Group, State Power Investment Corporation, AGL Energy, Origin Energy, EnergyAustralia Holdings, Stanwell Corporation, American Electric Power
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Fossil Fuel Electric Power Generation Market Report Segments:
The global Fossil Fuel Electric Power Generation market is segmented on the basis of:
Types
Coal, Oil, Natural Gas
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Iberdrola
- Huaneng Power International
- Engie SA
- Enel Group
- State Power Investment Corporation
- AGL Energy
- Origin Energy
- EnergyAustralia Holdings
- Stanwell Corporation
- American Electric Power
Highlights of The Fossil Fuel Electric Power Generation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Coal
- Oil
- Natural Gas
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fossil Fuel Electric Power Generation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fossil fuel electric power generation is the process of converting fossil fuels into electricity. Fossil fuels can be burned to create heat, which is then used to turn a generator that creates electricity.
Some of the major companies in the fossil fuel electric power generation market are Iberdrola, Huaneng Power International, Engie SA, Enel Group, State Power Investment Corporation, AGL Energy, Origin Energy, EnergyAustralia Holdings, Stanwell Corporation, American Electric Power.
The fossil fuel electric power generation market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fossil Fuel Electric Power Generation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fossil Fuel Electric Power Generation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fossil Fuel Electric Power Generation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fossil Fuel Electric Power Generation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fossil Fuel Electric Power Generation Market Size & Forecast, 2018-2028
4.5.1 Fossil Fuel Electric Power Generation Market Size and Y-o-Y Growth
4.5.2 Fossil Fuel Electric Power Generation Market Absolute $ Opportunity
Chapter 5 Global Fossil Fuel Electric Power Generation Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fossil Fuel Electric Power Generation Market Size Forecast by Type
5.2.1 Coal
5.2.2 Oil
5.2.3 Natural Gas
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fossil Fuel Electric Power Generation Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fossil Fuel Electric Power Generation Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fossil Fuel Electric Power Generation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fossil Fuel Electric Power Generation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fossil Fuel Electric Power Generation Analysis and Forecast
9.1 Introduction
9.2 North America Fossil Fuel Electric Power Generation Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fossil Fuel Electric Power Generation Market Size Forecast by Type
9.6.1 Coal
9.6.2 Oil
9.6.3 Natural Gas
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fossil Fuel Electric Power Generation Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fossil Fuel Electric Power Generation Analysis and Forecast
10.1 Introduction
10.2 Europe Fossil Fuel Electric Power Generation Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fossil Fuel Electric Power Generation Market Size Forecast by Type
10.6.1 Coal
10.6.2 Oil
10.6.3 Natural Gas
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fossil Fuel Electric Power Generation Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fossil Fuel Electric Power Generation Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fossil Fuel Electric Power Generation Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fossil Fuel Electric Power Generation Market Size Forecast by Type
11.6.1 Coal
11.6.2 Oil
11.6.3 Natural Gas
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fossil Fuel Electric Power Generation Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fossil Fuel Electric Power Generation Analysis and Forecast
12.1 Introduction
12.2 Latin America Fossil Fuel Electric Power Generation Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fossil Fuel Electric Power Generation Market Size Forecast by Type
12.6.1 Coal
12.6.2 Oil
12.6.3 Natural Gas
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fossil Fuel Electric Power Generation Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fossil Fuel Electric Power Generation Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fossil Fuel Electric Power Generation Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fossil Fuel Electric Power Generation Market Size Forecast by Type
13.6.1 Coal
13.6.2 Oil
13.6.3 Natural Gas
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fossil Fuel Electric Power Generation Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fossil Fuel Electric Power Generation Market: Competitive Dashboard
14.2 Global Fossil Fuel Electric Power Generation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Iberdrola
14.3.2 Huaneng Power International
14.3.3 Engie SA
14.3.4 Enel Group
14.3.5 State Power Investment Corporation
14.3.6 AGL Energy
14.3.7 Origin Energy
14.3.8 EnergyAustralia Holdings
14.3.9 Stanwell Corporation
14.3.10 American Electric Power
