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Growing Number of Thermal Power Plants with Enhanced Operational Efficiencies and Reduced Emissions Drive Market Growth

Published: June 2017


  • Code: MCP-1076
  • Pages: 562
  • Tables: 146
  • Companies: 125


The global market for Thermal Power is projected to exceed 23 Trillion Kilowatt-hours (kWh) by 2024, driven by spiraling electricity demand, growing prominence of pollution free power generation and the resulting need to install thermal power plants with enhanced operational efficiencies and reduced emissions. Asia-Pacific represents the largest and the fastest growing market worldwide with a projected CAGR of 6.4% over the analysis period. China and India are at the forefront of this growth. Despite significant slowdown in the pace of new additions of coal-fired power capacity in China, coal nevertheless continues to command a lionís share of the energy mix, while India continues to depend on coal for over 65% of its energy needs. Availability of vast coal resources, increasing public and private investments in infrastructure projects, continuous industrial development, improving living standards, steady economic growth, rapid industrialization and urbanization and expanding population, represent other important growth drivers in the region. 

    Summary of Findings

  • Need for Attaining Energy Security, Stability, and Independence While Minimizing Carbon Footprint Spurs Market Adoption of Clean Coal Technologies
  • Initiatives to Modernize Older Thermal Power Plants Spurs Demand for Turbine Gearbox
  • Growing Need for NOx Reduction Drives Natural Gas-Based Thermal Power Generation
  • Benefits such as Fuel Flexibility, NOx Reduction and Low Maintenance Drive Demand for Circulating Fluidized Bed Boilers
  • Emphasis on Green Technologies in Coal-Fired Power Plants Boosts Demand for Steam Turbines

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia, China, India, Indonesia, South Korea, Taiwan, and Rest of Asia-Pacific), Middle East & Africa (South Africa, Saudi Arabia, Iran, Israel, Egypt, Kuwait, and Rest of Middle East & Africa), and Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)

    Market Segmentation & Classification

  • Fuel Types:
    • Gas, Oil, and Coal


  • AES Corporation
  • American Electric Power Company, Inc.
  • Beijing Jingneng Power Co., Ltd.
  • China Huaneng Group
  • China Huadian Corporation
  • Dominion Energy, Inc.


  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable

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