Albany, NY -- (SBWIRE) -- 02/23/2019 -- The fossil fuel electric power generation market growth outlook is stable with significant growth potential for coal power generation. There is mounting pressure to reduce costs, improve power supply and improve power plant safety. At the same time, factors such as emerging market growth and rapid urbanization and industrialization are contributing to the growth of the market.
The fossil fuel electric power generation market reached a value of nearly REDACTED in 2018 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED to nearly REDACTED by 2023.
The market for fossil fuel electric power generation is relatively fragmented but has a few large players. Major players in the market are Engie S.A., Enel SpA, Iberdrola, S.A., Huaneng Power International, Inc. and State Power Investment Corporation Limited.
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The coal segment accounted for the largest share of the fossil fuel electric power generation market in 2018 at $865.9 billion. The highest growth is projected to come from coal segment, which is forecasted to grow at a CAGR of 8.2%. Major factors included greater access to coal and comparatively stable coal prices in many countries.
Asia-Pacific is the largest fossil fuel electric power generation market, accounting for REDACTED of the global market. It was followed by North America and Western Europe region. Going forward, Asia-Pacific isexpected to witness the fastest growth in the fossil fuel electric power generation market, estimated atgrow at a CAGR of REDACTED, followed by the Middle East which is expected to grow at a CAGR of REDACTED.
China is the largest market in terms of value in the fossil fuel electric power generation market. China and India are forecasted to have the fastest growth, growing at a CAGR of REDACTED and REDACTED, respectively.
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The market is challenged by restraints such as high investment costs, environmental regulations and increasing debts."
"Report Scope
This research report categorizes the fossil fuel electric power generation market by type. Product types include coal, oil and natural gas.
Report Includes:
- 97 tables
- An overview of the global market for fossil fuel electric power generation
- Analyses of global market trends, with data from 2014-2018, and projections of compound annual growth rates (CAGRs) through 2023
- Detailed analyses of the market's drivers, restraints, opportunities, and future developments to help develop strategies
- Breakdowns of the market by region and country, including the size of the market by region, and their historic and forecasted market growth
- Comprehensive profiles of leading companies in the industry, including State Power Investment Corp. Ltd., Iberdrola, SA, Huaneng Power International, Inc., Engie SA and Enel SpA"
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