Fossil Fuel Electricity Market 2023: Size, Share, Segmentation, Growth, Trends, Changes, And Forecast
As per the fossil fuel electricity market report by The Business Research Company, the growing demand for electricity is expected to be a key driver of the fossil fuel electricity market in the forecast period. This can be attributed to growing economies and a rising population, especially in developing countries such as China, India, Brazil, and some African countries.
The global fossil fuel electricity market size will grow from $988.95 billion in 2022 to $1,050.29 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fossil fuel electricity market size is expected to grow to $1,313.7 billion in 2027 at a CAGR of 5.8%.
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Major competitors in the fossil fuel electricity market include 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 Energy, Southern Company, China Energy, China Power, NTPC, SSE, and Tokyo Electric Power Company.
The fossil fuel electricity market is segmented -
• By Fuel Type: Coal, Oil, Natural Gas
• By End-User: Residential, Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the fossil fuel electricity market in 2022.
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Fossil fuel electricity refers to electricity generated from establishments 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 Table Of Content For The Fossil Fuel Electricity Market Include:
1. Executive Summary
2. Fossil Fuel Electricity Market Characteristics
3. Fossil Fuel Electricity Market Trends And Strategies
4. Fossil Fuel Electricity Market - Macro Economic Scenario
5. Fossil Fuel Electricity Market Size And Growth
6. Fossil Fuel Electricity Market Segmentation
26. Africa Fossil Fuel Electricity Market
27. Fossil Fuel Electricity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fossil Fuel Electricity Market
29. Fossil Fuel Electricity Market Future Outlook And Potential Analysis
The "Global Fossil Fuel Electricity Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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