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Fossil Fuel New Energy Generation Market Size

Report ID: GMI10806
Published Date: Aug 2024
Report Format: PDF

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Fossil Fuel New Energy Generation Market Size

Fossil Fuel New Energy Generation Market was valued at over USD 340.5 billion in 2023 and is anticipated to grow a CAGR of 12% from 2024 to 2032. Rising energy demand across various sectors along with strategic partnerships and increased investments for energy generation are shaping the industry dynamics.

Fossil Fuel New Energy Generation Market

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Accelerating collaborations by technology firms, to accelerate low-carbon technology development and stringent environmental norms toward emission reduction will complement the industry landscape. For instance, In April 2024, the U.S. Environmental Protection Agency unveiled regulations targeting pollution from fossil fuel-fired power plants, impacting both existing coal plants and newly established natural gas facilities.

Fossil Fuel New Energy Generation Market Report Attributes
Report Attribute	Details
Base Year:	2023
Fossil Fuel New Energy Generation Market Size in 2023:	USD 340.5 Billion
Forecast Period:	2024-2032
Forecast Period 2024-2032 CAGR:	12%
2032 Value Projection:	USD 711.4 Billion
Historical Data for:	2021-2023
No. of Pages:	134
Tables, Charts & Figures:	26
Segments covered:	Source and Region
Growth Drivers:	Rapidly increasing energy demand Increasing production of hydrocarbons from conventional & unconventional reserves
Pitfalls & Challenges:	Positive outlook towards renewable power generation

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of fossil fuel new energy generation was worth about USD 340.5 billion in 2023 and is anticipated to register 12% CAGR between 2024 and 2032, due to rising energy demand across various sectors.

The coal segment in the fossil fuel new energy generation market is set to reach USD 510 billion by 2032, on account of abundant availability of coal reserves across several regions and rising energy demands.

Asia Pacific fossil fuel new energy generation market is likely to exceed USD 550 billion by 2032, driven by rising energy demand across several industrial processes and robust industrial investments.

ArcelorMittal, AtkinsRéalis, ?EZ, a. s., China Datang Corporation, China Huadian Corporation LTD, Engie, Eskom Holdings SOC Ltd, Iberdrola, S.A., IPJSC EN+ GROUP, Pampa Energía S.A., and RWE, among others.