Press release
Fossil Fuel Electricity Market 2021 Global Outlook - Iberdrola, SA; Huaneng Power International, Inc; Engie SA; Enel SpA; State Power Investment Corporation Limited
Global Fossil Fuel Electricity Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Fossil Fuel Electricity data that enhances the understanding, scope, and application of this report.The study includes market share analysis and profiles of players such as Iberdrola, SA; Huaneng Power International, Inc; Engie SA; Enel SpA; State Power Investment Corporation Limited.; AGL Energy Limited; Origin Energy Limited; EnergyAustralia Holdings Limited; Stanwell Corporation Limited; American Electric Power; Duke Ener.
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The global fossil fuel electricity market is expected to grow from $799.94 in billion 2020 to $833.71 billion in 2021 at a compound annual growth rate (CAGR) of 4.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1058.07 billion in 2025 at a CAGR of 6%.
Market Overview:
The fossil fuel electric power generation market consists of sales of fossil fuel electric power and related services that convert fossil fuels into electrical energy and operate electric power generation facilities. The fossil fuel electric power generation industry includes establishments that produce electricity through the use of fossil fuels such as coal, oil and natural gas as energy sources. Fossil fuels are buried combustible geologic deposits of organic materials, formed from decayed plants and animals that have been converted to crude oil, coal, natural gas, or heavy oils by exposure to heat and pressure in the earth's crust.
The growing demand for electricity is expected to be a key driver of the fossil fuel electric power generation market in the forecast period. This can be attributed to growing economies, rising population, especially in developing countries such as China, India, Brazil, and some African countries. According to the International Energy Agency (2019), global electricity demand rises at 2.1% per year to 2040, twice the rate of primary energy demand. This raises electricity’s share in total final power consumption from 19% in 2018 to 24% in 2040. China and India will account for a major portion of this growth. According to the government data, India's energy consumption increased 13.38 percent to 110.94 billion units (BU) in October 2020, mainly driven by buoyancy in industrial and commercial activities. Furthermore, the global household appliances market is expected to grow from $283.8 billion in 2018 to $396.2 billion in 2022 at a CAGR of 8.7%, supporting the demand for electricity and driving the fossil fuel electric power generation market going forward.
Industry News:
In September 2018, JERA Co., Inc., through its subsidiary JERA Energy America LLC, acquired three natural gas-fired thermal power generation plants (the Compass Portfolio), in the USA for an undisclosed amount from Starwood Energy Group Global, LLC, a private investment firm based in the USA that specialized in energy infrastructure investments. JERA Americas, headquartered in the USA, is a power generation and energy infrastructure development company, focused on merchant gas-fired and renewable energy generating facilities. The Compass Portfolio includes the Marcus Hook Energy Center, the Dighton and Milford Energy.
Market Scope:
1) By Fuel Type: Coal; Oil; Natural Gas
2) By End-User: Residential; Commercial; Industrial
Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/08313208245/fossil-fuel-electricity-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-fuel-type-coal-oil-natural-gas-2-by-end-user-residential-commercial-industrial-covering-iberdrola-sa-huaneng-power-international-inc-engie-sa-enel-spa-state-power-investment-corporation-limited?Mode=A28
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.
Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil
The study objectives of this report are:
To study and analyze the global Fossil Fuel Electricity size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Fossil Fuel Electricity by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Fossil Fuel Electricity manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Fossil Fuel Electricity with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Fossil Fuel Electricity submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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