Market Overview:
The global thermal power generation system 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 and rising concerns about climate change. The solar thermal power generation segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing demand for renewable energy sources and government initiatives promoting their use. In terms of application, industrial processing is expected to account for the largest share of the global thermal power generation system market in 2018.
Product Definition:
Thermal power generation system is a system used for generating electric power by burning fuels such as coal, natural gas, or oil. Thermal power generation systems are important because they are the primary way that electric power is generated in many countries.
Geothermal Power Generation:
Geothermal power generation is the process of generating electricity using heat generated from geothermal fluids. Geothermal power plants use groundwater from boreholes and fissures, as well as steam and hot water extracted from the earth's surface. The steam produced can be used for producing energy in a turbine, which ultimately generates electricity.
Solar Thermal Power Generation:
Solar thermal power generation is the process of converting solar energy into heat and using it for power generation. It is one of the cleanest sources of electricity with no harmful emissions in its production phase. The system works on basic thermodynamics principle, where concentrated sunlight is used to generate steam which drives a conventional turbine-based power plant producing electricity.
Application Insights:
The market is segmented by application into industrial processing, civil heating, medical, agriculture and aquaculture. The industrial processing segment dominated the global thermal power generation system market in 2017 owing to the rising demand for electricity from industries including oil & gas and chemical. Growing urbanization along with increasing disposable income has led to an increase in demand for electricity across various developing countries including China India and Brazil which is expected to drive growth over the forecast period.
Civil heating was estimated as the second-largest segment owing to growing population coupled with rapid urbanization that requires a large amount of energy for space heating or cooling purposes.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid economic growth, which has led to an increased demand for power generation systems across industries. China accounts for a major share of thermal power generation capacity globally owing to various factors such as low cost of electricity production and high industrial output from numerous industries located within the country.
The Middle East & Africa is anticipated to be one of the fastest-growing regions over the forecast period owing to increasing focus on alternative sources of energy production in countries such as Saudi Arabia, UAE, Egypt & Jordan. In addition, rising awareness regarding carbon emission reduction initiatives undertaken by governments are expected favorably impact industry growth over coming years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of thermal power generation systems
- Rising prices of traditional fuels such as coal, oil, and natural gas, which are used to generate electricity
- Advances in technology that have led to the development of more efficient thermal power generation systems
- The increasing use of renewable energy sources such as solar and wind energy, which helps to reduce greenhouse gas emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Power Generation System Market Research Report
By Type
Geothermal Power Generation, Solar Thermal Power Generation, Other
By Application
Industrial Processing, Civil Heating, Medical, Agriculture, Aquaculture
By Companies
ABB, Siemens, Hitachi, Fuji Electric, Korea Electric Power Corporation, TOSHIBA, GE, TEPCO, AES Corporation, American Electric Power Company, ABB, Dynegy Inc, Endesa SA, Vattenfall AB, Aartech Solonics Limited
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Power Generation System Market Report Segments:
The global Thermal Power Generation System market is segmented on the basis of:
Types
Geothermal Power Generation, Solar Thermal Power Generation, Other
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
Industrial Processing, Civil Heating, Medical, Agriculture, Aquaculture
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:
- ABB
- Siemens
- Hitachi
- Fuji Electric
- Korea Electric Power Corporation
- TOSHIBA
- GE
- TEPCO
- AES Corporation
- American Electric Power Company
- ABB
- Dynegy Inc
- Endesa SA
- Vattenfall AB
- Aartech Solonics Limited
Highlights of The Thermal Power Generation System 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:
- Geothermal Power Generation
- Solar Thermal Power Generation
- Other
- By Application:
- Industrial Processing
- Civil Heating
- Medical
- Agriculture
- Aquaculture
- 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 Thermal Power Generation System 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?
A thermal power generation system (TPGS) is a large, complex machine used to produce electricity from heat. It consists of many different parts, including boilers, turbines, generators and cooling systems. TPGSs are used to generate electricity from sources like coal or oil.
Some of the major players in the thermal power generation system market are ABB, Siemens, Hitachi, Fuji Electric, Korea Electric Power Corporation, TOSHIBA, GE, TEPCO, AES Corporation, American Electric Power Company, ABB, Dynegy Inc, Endesa SA, Vattenfall AB, Aartech Solonics Limited.
The thermal power generation system market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Power Generation System 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 Thermal Power Generation System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Power Generation System 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 Thermal Power Generation System 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 Thermal Power Generation System Market Size & Forecast, 2018-2028
4.5.1 Thermal Power Generation System Market Size and Y-o-Y Growth
4.5.2 Thermal Power Generation System Market Absolute $ Opportunity
Chapter 5 Global Thermal Power Generation System 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 Thermal Power Generation System Market Size Forecast by Type
5.2.1 Geothermal Power Generation
5.2.2 Solar Thermal Power Generation
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermal Power Generation System 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 Thermal Power Generation System Market Size Forecast by Applications
6.2.1 Industrial Processing
6.2.2 Civil Heating
6.2.3 Medical
6.2.4 Agriculture
6.2.5 Aquaculture
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Power Generation System 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 Thermal Power Generation System 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 Thermal Power Generation System Analysis and Forecast
9.1 Introduction
9.2 North America Thermal Power Generation System 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 Thermal Power Generation System Market Size Forecast by Type
9.6.1 Geothermal Power Generation
9.6.2 Solar Thermal Power Generation
9.6.3 Other
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 Thermal Power Generation System Market Size Forecast by Applications
9.10.1 Industrial Processing
9.10.2 Civil Heating
9.10.3 Medical
9.10.4 Agriculture
9.10.5 Aquaculture
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 Thermal Power Generation System Analysis and Forecast
10.1 Introduction
10.2 Europe Thermal Power Generation System 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 Thermal Power Generation System Market Size Forecast by Type
10.6.1 Geothermal Power Generation
10.6.2 Solar Thermal Power Generation
10.6.3 Other
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 Thermal Power Generation System Market Size Forecast by Applications
10.10.1 Industrial Processing
10.10.2 Civil Heating
10.10.3 Medical
10.10.4 Agriculture
10.10.5 Aquaculture
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 Thermal Power Generation System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermal Power Generation System 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 Thermal Power Generation System Market Size Forecast by Type
11.6.1 Geothermal Power Generation
11.6.2 Solar Thermal Power Generation
11.6.3 Other
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 Thermal Power Generation System Market Size Forecast by Applications
11.10.1 Industrial Processing
11.10.2 Civil Heating
11.10.3 Medical
11.10.4 Agriculture
11.10.5 Aquaculture
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 Thermal Power Generation System Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermal Power Generation System 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 Thermal Power Generation System Market Size Forecast by Type
12.6.1 Geothermal Power Generation
12.6.2 Solar Thermal Power Generation
12.6.3 Other
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 Thermal Power Generation System Market Size Forecast by Applications
12.10.1 Industrial Processing
12.10.2 Civil Heating
12.10.3 Medical
12.10.4 Agriculture
12.10.5 Aquaculture
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) Thermal Power Generation System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermal Power Generation System 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) Thermal Power Generation System Market Size Forecast by Type
13.6.1 Geothermal Power Generation
13.6.2 Solar Thermal Power Generation
13.6.3 Other
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) Thermal Power Generation System Market Size Forecast by Applications
13.10.1 Industrial Processing
13.10.2 Civil Heating
13.10.3 Medical
13.10.4 Agriculture
13.10.5 Aquaculture
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 Thermal Power Generation System Market: Competitive Dashboard
14.2 Global Thermal Power Generation System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Hitachi
14.3.4 Fuji Electric
14.3.5 Korea Electric Power Corporation
14.3.6 TOSHIBA
14.3.7 GE
14.3.8 TEPCO
14.3.9 AES Corporation
14.3.10 American Electric Power Company
14.3.11 ABB
14.3.12 Dynegy Inc
14.3.13 Endesa SA
14.3.14 Vattenfall AB
14.3.15 Aartech Solonics Limited
