About Thermal Power Plant
The thermal power plant converts heat energy into electric power, where water is heated and steam is generated which helps rotate the turbine blades. Fuel like coal, oil and natural gases are used in electric power generation. Equipment such as the furnace, boiler, and turbines are used in this process. The growing need for efficient power generation in emerging economies will help to boost the global thermal power plant market in the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that Japanese Manufacturers will contribute the maximum growth to Global Thermal Power Plant market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Électricité de France (France), SUEZ Group (France), Tokyo Electric Power Company (Japan), Enel (Italy), Endesa (Spain), National Grid plc (United Kingdom), Korea Electric Power Corporation (South Korea), Kansai Electric Power Company (Japan), Exelon Corporation (United States) and Southern Company (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Chubu Electric Power (Japan), EnBW Energie Baden-Württemberg AG (Germany) and The Chugoku Electric Power Company, Inc. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Thermal Power Plant market by Type (Biomass Or Co-Fired Power Station, Combined Cycle Power Plant, Combined Heat and Power and Fossil-Fuel Power Plant) and Region.
On the basis of geography, the market of Thermal Power Plant has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Heat Source, the sub-segment i.e. Fossil Fuel will boost the Thermal Power Plant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Loosening of Regulation for Electric Utility and Initiation of new Environment taxes is fueling the Market
Market Growth Drivers:
Growing Urbanisation and Industrial in Developing Economies is Generating more Demand Electricity
Challenges:
Harmful Effects from Smoke and Fumes Emission might Stagnate the Business Growth
Restraints:
High Operating and Maintenance Cost of Thermal Power Plant and Less availability of Highly Skilled labors for Operating and Maintaining the Thermal Power Plant
Opportunities:
Advancement in Technology associated with Thermal Power Plant and Increasing Awareness from an underdeveloped region
Key Target Audience
Thermal Power Plant Manufacturers, Thermal Power Plant Distributor and Suppliers, Power Generation Industry Associations, Research and Development, Financial Investors and Venture Capital and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.