Thermal Power Plant Market Size, Share, Trends, Growth and Forecast 2034
Thermal Power Plant Market By Fuel Type (Coal, Natural Gas, Oil, and Others), By Installation Type (New Installation and Retrofit), By Technology (Combined Cycle Gas Turbine, Simple Cycle Gas Turbine, Steam Turbine, and Others), By Capacity (Up to 100 MW, 100-500 MW, 500-1000 MW, and Above 1000 MW) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034
Category: Energy & Mining Report Format : PDF
Pages: 215 Report Code: ZMR-9532
Published Date: Jun-2025 Status : Published
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 1,541.23 Million | USD 2,132.41 Million | 3.30% | 2024 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Thermal Power Plant Market, (2025 - 2034) (USD Million )
- 2.2 Global Thermal Power Plant Market : snapshot
- Chapter 3. Global Thermal Power Plant Market - Industry Analysis
- 3.1 Thermal Power Plant Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Electricity demand growth and grid stability requirements
- 3.3 Market Restraints
- 3.3.1. Environmental regulations and decarbonization policies
- 3.4 Market Opportunities
- 3.4.1. Efficiency retrofits and clean technology integration
- 3.5 Market Challenges
- 3.5.1. Cost competitiveness and supply chain disruptions
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Fuel Type
- 3.7.2 Market attractiveness analysis By Installation Type
- 3.7.3 Market attractiveness analysis By Technology
- 3.7.4 Market attractiveness analysis By Capacity
- Chapter 4. Global Thermal Power Plant Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Thermal Power Plant Market: company market share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Thermal Power Plant Market - Fuel Type Analysis
- 5.1 Global Thermal Power Plant Market overview: By Fuel Type
- 5.1.1 Global Thermal Power Plant Market share, By Fuel Type, 2024 and 2034
- 5.2 Coal
- 5.2.1 Global Thermal Power Plant Market by Coal, 2025 - 2034 (USD Million )
- 5.3 Natural Gas
- 5.3.1 Global Thermal Power Plant Market by Natural Gas, 2025 - 2034 (USD Million )
- 5.4 Oil
- 5.4.1 Global Thermal Power Plant Market by Oil, 2025 - 2034 (USD Million )
- 5.5 Others
- 5.5.1 Global Thermal Power Plant Market by Others, 2025 - 2034 (USD Million )
- 5.1 Global Thermal Power Plant Market overview: By Fuel Type
- Chapter 6. Global Thermal Power Plant Market - Installation Type Analysis
- 6.1 Global Thermal Power Plant Market overview: By Installation Type
- 6.1.1 Global Thermal Power Plant Market share, By Installation Type, 2024 and 2034
- 6.2 New Installation
- 6.2.1 Global Thermal Power Plant Market by New Installation, 2025 - 2034 (USD Million )
- 6.3 Retrofit
- 6.3.1 Global Thermal Power Plant Market by Retrofit, 2025 - 2034 (USD Million )
- 6.1 Global Thermal Power Plant Market overview: By Installation Type
- Chapter 7. Global Thermal Power Plant Market - Technology Analysis
- 7.1 Global Thermal Power Plant Market overview: By Technology
- 7.1.1 Global Thermal Power Plant Market share, By Technology, 2024 and 2034
- 7.2 Combined Cycle Gas Turbine
- 7.2.1 Global Thermal Power Plant Market by Combined Cycle Gas Turbine, 2025 - 2034 (USD Million )
- 7.3 Simple Cycle Gas Turbine
- 7.3.1 Global Thermal Power Plant Market by Simple Cycle Gas Turbine, 2025 - 2034 (USD Million )
- 7.4 Steam Turbine
- 7.4.1 Global Thermal Power Plant Market by Steam Turbine, 2025 - 2034 (USD Million )
- 7.5 Others
- 7.5.1 Global Thermal Power Plant Market by Others, 2025 - 2034 (USD Million )
- 7.1 Global Thermal Power Plant Market overview: By Technology
- Chapter 8. Global Thermal Power Plant Market - Capacity Analysis
- 8.1 Global Thermal Power Plant Market overview: By Capacity
- 8.1.1 Global Thermal Power Plant Market share, By Capacity, 2024 and 2034
- 8.2 Up to 100 MW
- 8.2.1 Global Thermal Power Plant Market by Up to 100 MW, 2025 - 2034 (USD Million )
- 8.3 100-500 MW
- 8.3.1 Global Thermal Power Plant Market by 100-500 MW, 2025 - 2034 (USD Million )
- 8.4 500-1000 MW
- 8.4.1 Global Thermal Power Plant Market by 500-1000 MW, 2025 - 2034 (USD Million )
- 8.5 Above 1000 MW
- 8.5.1 Global Thermal Power Plant Market by Above 1000 MW, 2025 - 2034 (USD Million )
- 8.1 Global Thermal Power Plant Market overview: By Capacity
- Chapter 9. Thermal Power Plant Market - Regional Analysis
- 9.1 Global Thermal Power Plant Market Regional Overview
- 9.2 Global Thermal Power Plant Market Share, by Region, 2024 & 2034 (USD Million )
- 9.3. North America
- 9.3.1 North America Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 9.3.1.1 North America Thermal Power Plant Market, by Country, 2025 - 2034 (USD Million )
- 9.3.1 North America Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 9.4 North America Thermal Power Plant Market, by Fuel Type, 2025 - 2034
- 9.4.1 North America Thermal Power Plant Market, by Fuel Type, 2025 - 2034 (USD Million )
- 9.5 North America Thermal Power Plant Market, by Installation Type, 2025 - 2034
- 9.5.1 North America Thermal Power Plant Market, by Installation Type, 2025 - 2034 (USD Million )
- 9.6 North America Thermal Power Plant Market, by Technology, 2025 - 2034
- 9.6.1 North America Thermal Power Plant Market, by Technology, 2025 - 2034 (USD Million )
- 9.7 North America Thermal Power Plant Market, by Capacity, 2025 - 2034
- 9.7.1 North America Thermal Power Plant Market, by Capacity, 2025 - 2034 (USD Million )
- 9.4. Europe
- 9.4.2 Europe Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 9.4.2.1 Europe Thermal Power Plant Market, by Country, 2025 - 2034 (USD Million )
- 9.4.2 Europe Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 9.4 Europe Thermal Power Plant Market, by Fuel Type, 2025 - 2034
- 9.4.1 Europe Thermal Power Plant Market, by Fuel Type, 2025 - 2034 (USD Million )
- 9.5 Europe Thermal Power Plant Market, by Installation Type, 2025 - 2034
- 9.5.1 Europe Thermal Power Plant Market, by Installation Type, 2025 - 2034 (USD Million )
- 9.6 Europe Thermal Power Plant Market, by Technology, 2025 - 2034
- 9.6.1 Europe Thermal Power Plant Market, by Technology, 2025 - 2034 (USD Million )
- 9.7 Europe Thermal Power Plant Market, by Capacity, 2025 - 2034
- 9.7.1 Europe Thermal Power Plant Market, by Capacity, 2025 - 2034 (USD Million )
- 9.5. Asia Pacific
- 9.5.3 Asia Pacific Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 9.5.3.1 Asia Pacific Thermal Power Plant Market, by Country, 2025 - 2034 (USD Million )
- 9.5.3 Asia Pacific Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 9.4 Asia Pacific Thermal Power Plant Market, by Fuel Type, 2025 - 2034
- 9.4.1 Asia Pacific Thermal Power Plant Market, by Fuel Type, 2025 - 2034 (USD Million )
- 9.5 Asia Pacific Thermal Power Plant Market, by Installation Type, 2025 - 2034
- 9.5.1 Asia Pacific Thermal Power Plant Market, by Installation Type, 2025 - 2034 (USD Million )
- 9.6 Asia Pacific Thermal Power Plant Market, by Technology, 2025 - 2034
- 9.6.1 Asia Pacific Thermal Power Plant Market, by Technology, 2025 - 2034 (USD Million )
- 9.7 Asia Pacific Thermal Power Plant Market, by Capacity, 2025 - 2034
- 9.7.1 Asia Pacific Thermal Power Plant Market, by Capacity, 2025 - 2034 (USD Million )
- 9.6. Latin America
- 9.6.4 Latin America Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 9.6.4.1 Latin America Thermal Power Plant Market, by Country, 2025 - 2034 (USD Million )
- 9.6.4 Latin America Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 9.4 Latin America Thermal Power Plant Market, by Fuel Type, 2025 - 2034
- 9.4.1 Latin America Thermal Power Plant Market, by Fuel Type, 2025 - 2034 (USD Million )
- 9.5 Latin America Thermal Power Plant Market, by Installation Type, 2025 - 2034
- 9.5.1 Latin America Thermal Power Plant Market, by Installation Type, 2025 - 2034 (USD Million )
- 9.6 Latin America Thermal Power Plant Market, by Technology, 2025 - 2034
- 9.6.1 Latin America Thermal Power Plant Market, by Technology, 2025 - 2034 (USD Million )
- 9.7 Latin America Thermal Power Plant Market, by Capacity, 2025 - 2034
- 9.7.1 Latin America Thermal Power Plant Market, by Capacity, 2025 - 2034 (USD Million )
- 9.7. The Middle-East and Africa
- 9.7.5 The Middle-East and Africa Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 9.7.5.1 The Middle-East and Africa Thermal Power Plant Market, by Country, 2025 - 2034 (USD Million )
- 9.7.5 The Middle-East and Africa Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 9.4 The Middle-East and Africa Thermal Power Plant Market, by Fuel Type, 2025 - 2034
- 9.4.1 The Middle-East and Africa Thermal Power Plant Market, by Fuel Type, 2025 - 2034 (USD Million )
- 9.5 The Middle-East and Africa Thermal Power Plant Market, by Installation Type, 2025 - 2034
- 9.5.1 The Middle-East and Africa Thermal Power Plant Market, by Installation Type, 2025 - 2034 (USD Million )
- 9.6 The Middle-East and Africa Thermal Power Plant Market, by Technology, 2025 - 2034
- 9.6.1 The Middle-East and Africa Thermal Power Plant Market, by Technology, 2025 - 2034 (USD Million )
- 9.7 The Middle-East and Africa Thermal Power Plant Market, by Capacity, 2025 - 2034
- 9.7.1 The Middle-East and Africa Thermal Power Plant Market, by Capacity, 2025 - 2034 (USD Million )
- Chapter 10. Company Profiles
- 10.1 General Electric
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Siemens Energy
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Mitsubishi Power Ltd.
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Doosan Heavy Industries & Construction
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Bharat Heavy Electricals Limited (BHEL)
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Shanghai Electric Group Company Limited
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Toshiba Energy Systems & Solutions Corporation
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Ansaldo Energia
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Harbin Electric Corporation
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 ANDRITZ AG
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Dongfang Electric Corporation Limited
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Larsen & Toubro Limited
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Kawasaki Heavy Industries Ltd.
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 MAN Energy Solutions
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Babcock & Wilcox Enterprises
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Sumitomo Heavy Industries Ltd.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.17 Thermax Limited
- 10.17.1 Overview
- 10.17.2 Financials
- 10.17.3 Product Portfolio
- 10.17.4 Business Strategy
- 10.17.5 Recent Developments
- 10.18 IHI Corporation
- 10.18.1 Overview
- 10.18.2 Financials
- 10.18.3 Product Portfolio
- 10.18.4 Business Strategy
- 10.18.5 Recent Developments
- 10.19 Wood Group
- 10.19.1 Overview
- 10.19.2 Financials
- 10.19.3 Product Portfolio
- 10.19.4 Business Strategy
- 10.19.5 Recent Developments
- 10.20 Mitsubishi Heavy Industries Ltd.
- 10.20.1 Overview
- 10.20.2 Financials
- 10.20.3 Product Portfolio
- 10.20.4 Business Strategy
- 10.20.5 Recent Developments
- 10.21 and others.
- 10.21.1 Overview
- 10.21.2 Financials
- 10.21.3 Product Portfolio
- 10.21.4 Business Strategy
- 10.21.5 Recent Developments
- 10.1 General Electric
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 4. Porter’s Five Forces Analysis
- 5. Global Thermal Power Plant Market attractiveness, By Fuel Type
- 6. Global Thermal Power Plant Market attractiveness, By Installation Type
- 7. Global Thermal Power Plant Market attractiveness, By Technology
- 8. Global Thermal Power Plant Market attractiveness, By Capacity
- 9. Global Thermal Power Plant Market share by Fuel Type, 2025 and 2034 (USD Million )
- 10. Global Thermal Power Plant Market by Coal, 2025 - 2034 (USD Million )
- 11. Global Thermal Power Plant Market by Natural Gas, 2025 - 2034 (USD Million )
- 12. Global Thermal Power Plant Market by Oil, 2025 - 2034 (USD Million )
- 13. Global Thermal Power Plant Market by Others, 2025 - 2034 (USD Million )
- 14. Global Thermal Power Plant Market share by Installation Type, 2025 and 2034 (USD Million )
- 15. Global Thermal Power Plant Market by New Installation, 2025 - 2034 (USD Million )
- 16. Global Thermal Power Plant Market by Retrofit, 2025 - 2034 (USD Million )
- 17. Global Thermal Power Plant Market share by Technology, 2025 and 2034 (USD Million )
- 18. Global Thermal Power Plant Market by Combined Cycle Gas Turbine, 2025 - 2034 (USD Million )
- 19. Global Thermal Power Plant Market by Simple Cycle Gas Turbine, 2025 - 2034 (USD Million )
- 20. Global Thermal Power Plant Market by Steam Turbine, 2025 - 2034 (USD Million )
- 21. Global Thermal Power Plant Market by Others, 2025 - 2034 (USD Million )
- 22. Global Thermal Power Plant Market share by Capacity, 2025 and 2034 (USD Million )
- 23. Global Thermal Power Plant Market by Up to 100 MW, 2025 - 2034 (USD Million )
- 24. Global Thermal Power Plant Market by 100-500 MW, 2025 - 2034 (USD Million )
- 25. Global Thermal Power Plant Market by 500-1000 MW, 2025 - 2034 (USD Million )
- 26. Global Thermal Power Plant Market by Above 1000 MW, 2025 - 2034 (USD Million )
- 27. Global Thermal Power Plant Market share, by Region, 2025 and 2034
- 28. North America Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 29. Europe Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 30. Asia Pacific Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 31. Latin America Thermal Power Plant Market, 2025 - 2034 (USD Million )
- 32. The Middle-East and Africa Thermal Power Plant Market, 2025 - 2034 (USD Million )
Table Of Tables
- 1. Global Thermal Power Plant Market: Snapshot
- 2. Drivers of the Thermal Power Plant Market: impact analysis
- 3. North America Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 4. North America Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 5. North America Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 6. North America Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 7. U.S. Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 8. U.S. Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 9. U.S. Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 10. U.S. Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 11. Canada Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 12. Canada Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 13. Canada Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 14. Canada Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 15. Europe Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 16. Europe Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 17. Europe Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 18. Europe Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 19. Germany Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 20. Germany Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 21. Germany Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 22. Germany Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 23. France Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 24. France Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 25. France Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 26. France Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 27. U.K. Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 28. U.K. Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 29. U.K. Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 30. U.K. Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 31. Italy Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 32. Italy Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 33. Italy Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 34. Italy Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 35. Spain Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 36. Spain Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 37. Spain Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 38. Spain Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 39. Rest of Europe Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 40. Rest of Europe Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 41. Rest of Europe Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 42. Rest of Europe Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 43. Asia Pacific Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 44. Asia Pacific Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 45. Asia Pacific Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 46. Asia Pacific Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 47. China Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 48. China Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 49. China Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 50. China Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 51. Japan Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 52. Japan Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 53. Japan Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 54. Japan Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 55. India Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 56. India Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 57. India Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 58. India Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 59. South Korea Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 60. South Korea Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 61. South Korea Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 62. South Korea Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 63. South-East Asia Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 64. South-East Asia Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 65. South-East Asia Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 66. South-East Asia Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 67. Rest of Asia Pacific Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 68. Rest of Asia Pacific Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 69. Rest of Asia Pacific Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 70. Rest of Asia Pacific Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 71. Latin America Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 72. Latin America Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 73. Latin America Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 74. Latin America Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 75. Brazil Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 76. Brazil Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 77. Brazil Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 78. Brazil Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 79. Mexico Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 80. Mexico Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 81. Mexico Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 82. Mexico Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 83. Rest of Latin America Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 84. Rest of Latin America Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 85. Rest of Latin America Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 86. Rest of Latin America Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 87. The Middle-East and Africa Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 88. The Middle-East and Africa Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 89. The Middle-East and Africa Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 90. The Middle-East and Africa Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 91. GCC Countries Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 92. GCC Countries Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 93. GCC Countries Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 94. GCC Countries Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 95. South Africa Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 96. South Africa Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 97. South Africa Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 98. South Africa Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
- 99. Rest of Middle-East Africa Thermal Power Plant Market revenue, By Fuel Type, 2025 - 2034 (USD Million )
- 100. Rest of Middle-East Africa Thermal Power Plant Market revenue, By Installation Type, 2025 - 2034 (USD Million )
- 101. Rest of Middle-East Africa Thermal Power Plant Market revenue, By Technology, 2025 - 2034 (USD Million )
- 102. Rest of Middle-East Africa Thermal Power Plant Market revenue, By Capacity, 2025 - 2034 (USD Million )
Methodology
FrequentlyAsked Questions
A thermal power plant is an electricity generation facility that converts heat energy from fuel combustion (such as coal, natural gas, or oil) into electrical energy through a thermodynamic cycle, typically utilizing steam turbines, gas turbines, or combined cycle systems to drive generators that produce electricity for distribution through power grids.
The thermal power plant market is expected to be driven by increasing electricity demand in developing economies, grid stability amid renewable integration, technological advancements in efficiency and emissions control, retrofitting opportunities in aging infrastructure, and continued reliance on dispatchable generation for energy security.
According to our study, the global thermal power plant market was worth around USD 1,541.23 million in 2024 and is predicted to grow to around USD 2,132.41 million by 2034.
The CAGR value of the thermal power plant market is expected to be around 3.30% during 2025-2034.
The global thermal power plant market will register the highest growth in Asia Pacific during the forecast period.
Key players in the thermal power plant market include General Electric, Siemens Energy, Mitsubishi Power, Ltd., Doosan Heavy Industries & Construction, Bharat Heavy Electricals Limited (BHEL), Shanghai Electric Group Company Limited, Toshiba Energy Systems & Solutions Corporation, Ansaldo Energia, Harbin Electric Corporation, ANDRITZ AG, Dongfang Electric Corporation Limited, Larsen & Toubro Limited, Kawasaki Heavy Industries, Ltd., MAN Energy Solutions, Babcock & Wilcox Enterprises, Sumitomo Heavy Industries, Ltd., Thermax Limited, IHI Corporation, Wood Group, and Mitsubishi Heavy Industries, Ltd.
The report comprehensively analyzes the thermal power plant market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, regulatory influences, and the evolving role of thermal generation in the global energy transition.
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