Global electricity generation has increased significantly over the past three decades, rising from less than 12,000 terawatt-hours in 1990 to over 30,000 terawatt-hours in 2024. During this period, electricity generation worldwide only registered an annual decline twice: in 2009, following the global financial crisis, and in 2020, amid the coronavirus pandemic. Sources of electricity generation The share of global electricity generated from clean energy sources –including renewables and nuclear power- amounted to almost 40 percent in 2024, up from approximately 32 percent at the beginning of the decade. Despite this growth, fossil fuels are still the main source of electricity generation worldwide. In 2024, almost 60 percent of the electricity was produced by coal and natural gas-fired plants. Regional differences Water, wind, and sun contribute to making Latin America and the Caribbean the region with the largest share of renewable electricity generated in the world. By comparison, several European countries rely on nuclear energy. However, the main electricity sources in the United States and China, the leading economic powers of the world, are respectively natural gas and coal.

Coal has been the main source of electricity generation worldwide for the last three decades. In 2023, global coal power generation stood at almost 10,500 terawatt-hours. Overall, coal, natural gas, and other fossil fuels accounted for approximately 60 percent of the global electricity production that year. Renewable energy sources of electricity generation The production of renewable energy has been increasing steadily over the past decades, with solar and wind energy showing the largest year-over-year growth between 2022 and 2023. However, the contribution of renewables to the world’s electric power mix remains small when compared to fossil fuel sources. Electricity demand vs production The volume of electricity generated worldwide surpassed the global consumption of electricity by a small margin. This figure is directly affected by the fact that the number of people without access to electricity in the world has shrunk over the past decade and is continuously decreasing.

According to Cognitive Market Research, the global Electricity Generation market size will be USD 2154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 646.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 495.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 107.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 43.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Thermal Generation is the market leader in the Electricity Generation industry

Market Dynamics of Electricity Generation Market

Key Drivers for Electricity Generation Market

Rising need for cooling boosts the electricity generation market: The increased demand for cooling is projected to drive the electricity generating market in the future years. Cooling is the process of lowering the temperature of an object or environment, which is usually accomplished by transporting heat away from the intended location, typically utilizing air or a cooling medium. Power generation can be utilized to cool by running air conditioning (AC) and fans to keep indoor temperatures comfortable. For instance, According to the International Energy Agency, an autonomous intergovernmental body located in France, in July 2023, more than 90% of households in the United States and Japan had an air conditioner. Cooling accounts for around 10% of global electricity use. In warmer countries, this might result in a more than 50% increase in power demand during the summer months. As a result, increased demand for cooling is likely to drive expansion in the power generating industry.

Increasing applications of electricity in the transportation industry: The growing use of energy in the transportation industry is predicted to increase demand for electricity, hence pushing the power generation market. The electrification of railways in underdeveloped and developing countries, the establishment of public transportation networks such as rapid metro transit systems, and the growing use of electric vehicles in developed countries will all create significant market opportunities for power generation companies. For instance, in order to achieve net-zero carbon emissions, the Office of Rail and Road (ORR) predicts that 13,000 track kilometers - or roughly 450 km per year - of track in the UK will need to be electrified by 2050, with 179 km electrified between 2020 and 2021. According to the Edison Electric Institute (EEl), yearly electric car sales in the United States are estimated to exceed 1.2 million by 2025. Electric vehicles are projected to account for 9% of worldwide electricity demand by 2050.

Restraint Factor for the Electricity Generation Market

High initial capital investment for renewable projects: The high initial capital for renewable projects is indeed a limiting factor for the market growth of the electricity generation sector, as most such technologies, infrastructure, and installation depend on significant up-front funding. For instance, most renewable energy technologies are highly capital intensive-solar, and wind, in particular, scares investors away from taking action, especially if they are small or developing firms. There is thus an economic limitation that restricts competition and contributes toward slower development of cleaner energy solutions. Moreover, funding can be quite tricky and challenging-especially for a poor economic climate. The payback times attached to these investment options are long, leading to uncertainty and making stakeholders reluctant to commit. These financial constraints are, therefore, blighting the transition to renewable energy as well as, more broadly, the overall electricity generation market

Trends for the Ele...

The United States generated ***** terawatt-hours of electricity in 2024, one of the largest figures recorded in the indicated period. In comparison to the previous year, power generation decreased by *** terawatt-hours. U.S. electricity market and the role of renewables Unlike the use of fossil fuels, U.S. renewable electricity generation has increased in recent years, amounting to more than *** terawatt-hours in 2023. Wind power has become the main renewable source of electricity generation in the North American country, having surpassed conventional hydroelectric power in 2019. Who are the main consumers of electricity? The residential sector was ranked as the largest consumer of electricity in the United States in 2023. Electricity retail sales to residential users have grown by almost *** terawatt-hours since the beginning of the century.

1. Contents of the information: Present the statistical data of the installed capacity of power generation equipment such as pumped storage hydropower, thermal power (coal, oil, gas), nuclear power, and renewable energy (conventional hydropower, geothermal, solar photovoltaic, wind power, biomass energy, waste) in the power supply of the country, Taiwan Power Company, privately-owned power plants, and self-use power generation equipment in the past 21 years.2. Purpose of collection: As the basis for the planning and management of our country's energy-related policies.3. Collection methods:(1) Present the statistical data on the installed capacity of power generation equipment and self-use power generation equipment as specified in the "Electricity Act".(2) National installed capacity of power generation: Record the total installed capacity of various types of power generation equipment in our country, from the total installed capacity of various types of power generation equipment declared by the power generation industry and self-use power generation equipment.(3) Installed capacity of power generation equipment of Taiwan Power Company: Record the total installed capacity of various types of power generation equipment of Taiwan Power Company, from the total installed capacity of various types of power generation equipment declared by Taiwan Power Company.(4) Installed capacity of power generation equipment of privately-owned power plants: Record the total installed capacity of various types of power generation equipment of the power generation industry (excluding Taiwan Power Company), from the total installed capacity of various types of power generation equipment declared by the power generation industry (excluding Taiwan Power Company).(5) Installed capacity of power generation equipment for self-use power generation equipment: Record the total installed capacity of various types of self-use power generation equipment, from the total installed capacity of various power generation equipment declared by self-use power generation equipment and electricity sales industry (purchased third-type renewable energy generation equipment).

1. Data content: Presenting the statistics of gross electricity generation produced by various power generation techniques in Taiwan over the past 21 years, including pumped storage hydro, thermal (coal, oil, gas), nuclear, and renewable energy (conventional hydro, geothermal, solar photovoltaic, wind, biomass, waste) from national, state-owned, privately-owned power plants, and self-generating facilities.2. Collection purpose: To serve as the basis for energy-related policy planning and management in Taiwan.3. Collection methods:(1) Presenting the statistics of gross electricity generation from power generation and self-generating facilities as defined in the Electricity Act.(2) Electricity generation (national): Recording the gross electricity generation of various power generation techniques in Taiwan, including the total electricity generation reported by power generation, self-generating facilities, and electricity sales (third-party renewable energy power generation facilities).(3) Electricity generation (Taiwan Power Company): Recording the gross electricity generation of various power generation techniques by Taiwan Power Company, including the total electricity generation reported by the company.(4) Electricity generation (privately-owned power plants): Recording the gross electricity generation of various power generation techniques by privately-owned power plants (excluding Taiwan Power Company), including the total electricity generation reported by these entities.(5) Electricity generation (self-generating facilities): Recording the gross electricity generation of various power generation techniques by self-generating facilities, including the total electricity generation reported by these facilities and electricity sales (third-party renewable energy power generation facilities).

The sector for generating electricity, heating and cooling from renewable energy sources has grown significantly over the past ten years in terms of turnover, the number of industry players and the amount of energy generated. This growth has been driven by the energy transition and the goal of climate neutrality by 2035. In order to achieve this goal, the industry receives extensive subsidies, the distribution of which is regulated by the German Renewable Energy Sources Act (EEG). In the period from 2019 to 2024, industry turnover increased by an average of 3.8% per year. In the current year, industry turnover is expected to increase by 4.8% to 84.2 billion euros.In addition to the amount of energy generated from wind, water, solar radiation, biomass and geothermal energy and the level of general electricity consumption, environmental awareness in politics and society as well as competition from fossil fuels and nuclear power are important factors influencing the development of industry sales. Since 2019, public awareness of the importance of environmental and climate protection has grown continuously, which has had a positive impact on the demand for green electricity and on companies' investments in the use of renewable energies. Emissions trading and CO2 pricing have made energy generation from fossil fuels more expensive in recent years, while the cost of generating electricity from renewable energies has fallen. The nuclear phase-out in April 2023 and the coal phase-out by 2038 will further weaken the competition facing the industry. At the same time, there is increasing pressure to accelerate the expansion of renewable energy plants so that Germany's entire energy requirements can be covered by renewables in just a few years' time.As technological progress will lead to further cost reductions and efficiency increases in the industry's systems in the coming years and the expansion target for renewable energies has been significantly increased by the German Renewable Energy Sources Act (EEG) 2023, IBISWorld is forecasting average annual sales growth of 7.2% for the period from 2024 to 2029. Accordingly, industry turnover is expected to amount to 119.1 billion euros in 2029. The number of industry players and employees in this sector is also expected to increase further.

In 2024, net solar power generation in the United States reached its highest point yet at 218.5 terawatt hours of solar thermal and photovoltaic (PV) power. Solar power generation has increased drastically over the past two decades, especially since 2011, when it hovered just below two terawatt hours. The U.S. solar industry In the United States, an exceptionally high number of solar-related jobs are based in California. With a boost from state legislation, California has long been a forerunner in solar technology. In the second quarter of 2024, it had a cumulative solar PV capacity of more than 48 gigawatts. Outside of California, Texas, Florida, and North Carolina were the states with the largest solar PV capacity. Clean energy in the U.S. In recent years, solar power generation has seen more rapid growth than wind power in the United States. However, among renewables used for electricity, wind has been a more common and substantial source for the past decade. Wind power surpassed conventional hydropower as the largest source of renewable electricity in 2019. While there are major environmental costs often associated with the construction and operation of large hydropower facilities, hydro remains a vital source of electricity generation for the United States.

In 2023, the Power Generation Market reached a value of USD 1667.57 billion, and it is projected to surge to USD 2895.19 billion by 2030.

According to Cognitive Market Research, the Power Generation Market Size will be USD XX Million in 2024 and is set to achieve a market size of USD XX Million by the end of 2033 growing at a CAGR of XX% from 2025 to 2033.

North America expected to generate revenue of XX%.

Europe expected to generate revenue of XX%

Asia pacific is projected to reach XX BY 2030 .

Latin America expected to generate revenue of XX%

Middle East africa expected to generate a revenue of XX%

South America expected to generate a revenue of XX%

Market Dynamics

Key Driver

Rapid urbanization and industrialization is creating the global demand of power generation market 

With growing urbanization and industrialization, the power requirement is increasing day by day depending upon usage pattern, End Requirement for instance Urban areas in India experience a significantly higher per capita electricity consumption compared to rural areas. This is due to factors like higher urbanization rates, more industrial activity, and a greater reliance on air conditioning and other power-intensive appliances. For instance, Per capita electricity consumption in India has surged to 1,395 kWh in 2023-24, marking a 45.8% increase (438 kWh) from 957 kWh in 2013-14.

Similarly with industrialization caused huge power consumption The manufacturing industry, particularly sectors like chemicals, metals, and paper, are the largest consumers of energy in India. According to British thermal unit chemical industry, Petroleum industry, Paper industry, Metal industry uses 16.9 quadrillion of power

Recent data shows that Global electricity consumption it grew faster than its historical trend (+2.2% in 2023), spurred by the BRICS (+5.1%), which accounted for 42% of the global energy consumption in 2023: energy consumption surged in China (+6.6%, twice its 2010-2019 average), India (+5.1%, slightly faster than the historical average), accelerated in Brazil (+3.3%, vs. +0.9% per year over 2010-2019), but it stagnated in Russia (+0.3%) and declined again in South Africa over supply issues (-1.2%). It also increased in the Middle East (+3.7%, with strong growth in Iran and the UAE), as well as in Algeria, Vietnam, and Indonesia.

Source - https://www.pib.gov.in/PressReleasePage.aspx?PRID=2089243

https://beeindia.gov.in/sites/default/files/BEE_India_Energy_Scenario_Report-2024_web_version-rev2.pdf

https://consumerenergysolutions.com/what-industries-consume-most-electricity/

https://yearbook.enerdata.net/total-energy/world-consumption-statistics.html

Sustainable Practices creating market opportunities for Power Generation 

Sustainable practices increase the demand for power generation by driving demand for renewable energy sources and creating new avenues for energy production. It involves extracting maximum renewable energy utilization. At the UNFCCC's COP28, 130 countries pledged to triple the world's renewable energy capacity and double the annual rate of energy efficiency improvements by 2030.The revised EU Renewable Energy Directive of 2023 sets a new target of 42.5% of renewable energy by 2030 and aims for 45%. Member States have since submitted their renewable energy targets for sub-sectors including transport, buildings and industry. Similarly in India policies like the Jawaharlal Nehru National Solar Mission (JNNSM). This was started in 2010 and the goal of this program is to transform India into a solar power hub by establishing a sound environment for the generation of solar energy. The mission was set at 20 GW of solar capacity by 2022, but due to the fast-growing solar industry, the mission has been adjusted to 100 GW. Also Big investors are coming and investing in this renewable energy market like recently Adani has signed an agreement for 400 MW of solar power in UP In India certain initiatives government have created in order to lead the country towards less carbon emissions and more towards green energy initiatives. Certain schemes devised by Government are as following PM Surya Ghar, Muft Bijli Yojana, National Green Hydrogen, Mission According to PM Surya Ghar yojana average monthly consumption of 150 units subsidy support of 30,000 to 60,000 provided by government Similarly for 150-300 units consumption subsidy amount is increased to 60,000 to 78,000. So, because of this it is driving the consumer behavior from nonr...

Vietnam Power Market size was valued at USD 17.97 Billion in 2023 and is projected to reach USD 26.76 Billion by 2031, growing at a CAGR of 5.1% from 2024 to 2031.

Key Market Drivers Rapid Economic Growth and Industrialization: Vietnam's rapid economic growth, with a GDP gain of 8.02% in 2022, ranking among the quickest in Southeast Asia, combined with a 9.6% increase in its industrial output index, is driving energy consumption. This expansion is fueled by increased industry, foreign investment, and a young workforce that fuels industrialization. These reasons highlight the importance of a stable and consistent energy supply, prompting Vietnam to expand its power infrastructure to maintain its economic momentum and fulfill expanding industrial and consumer electrical demands. Rising Electricity Demand: Vietnam's electrical consumption reached 236.5 billion kWh in 2022, up 6.6% year on year, with demand expected to rise 8-10% annually until 2030, according to the Ministry of Industry and Trade. This increased demand is being driven by fast urbanization, a growing industrial sector, and expanding residential energy consumption. As Vietnam's economy grows and urban habits change, the demand for reliable electricity increases, necessitating large-scale expenditures in power generation and infrastructure. Shift Towards Renewable Energy: Vietnam is actively transitioning to renewable energy, aiming for a 32% share of its power mix by 2030 and 43% by 2045. Solar power capacity epitomizes this expansion, rising to 16.5 GW in 2022 from 86 MW in 2018. This transformation is being driven by Vietnam's commitment to decreasing carbon emissions, combating climate change, and ensuring energy independence in the face of increased demand. Government subsidies and falling solar and wind technology costs are accelerating this transformation, establishing Vietnam as a regional leader in renewable energy development.

The global power generation market size was around USD 2.16 trillion in 2024 and is likely to expand at a CAGR of more than 9.6%, surpassing USD 7.11 trillion revenue by 2037. Steam Turbine segment is poised to achieve 40% share by 2037, driven by increasing electricity demand and the adoption of steam turbines for power generation in developing nations.

The domain of interest is Energy; however, the focus is to observe the trends between the different sources used for electricity generation among Canada and its provinces from 2005 to 2016, and to compare the trends for electricity generation to electricity consumption in Canada from 2005 to 2015. The main problem that will be investigated is how much of a particular source is used for electricity generation in Canada over these eleven years and what is the least and most used source of electricity generation over Canada. It will also be observed whether the proportion of electricity generated by each source in Canada during 2016, is consistent with the proportion of electricity generated by each source in every province. Additionally electricity consumption for the provinces will be studied to determine which province consumes the most and least amounts of electricity in Canada. The significance of this problem is to understand which sources are highly used to generate electric power in the provinces and in Canada. If a source is being used the most in Canada and in the provinces, it will lead us to find possible ways to generate electricity from the least used sources, so the country and its provinces do not depend on one source for electric power. It will also be observed if the electricity generation by each province has increased, decreased or remain constant from 2005-2016. From this data we can also infer which province generates the most and least amount of electric power and determine which abundant resources are available to each province for its electricity generation. Moreover, by comparing the trends for electricity consumption and electricity generation it will be observed if any province consumes more electricity than it generates. If so we can find ways to provide that province with more electrcity by importing it from other provinces.

US Power Market size was valued to be USD 363.6 Billion in the year 2024 and it is expected to reach USD 517 Billion in 2031, at a CAGR of 4.5% over the forecast period of 2024 to 2031.

The U.S. power market is driven by several key factors: the increasing demand for electricity, propelled by the rapid expansion of data centers and the electrification of transportation, necessitates significant investments in transmission infrastructure to enhance grid capacity and reliability. The growing emphasis on renewable energy sources, such as wind and solar, is reshaping the energy mix, influenced by both economic factors and policy initiatives. Technological advancements, including the integration of artificial intelligence and the Internet of Things, are further transforming grid operations and energy management. Additionally, policy and regulatory frameworks, including government incentives and environmental regulations, play a crucial role in shaping market dynamics.

Data presented at the national and provincial levels, however not all combinations are available. Electric power generating capacity by class of electricity producer (public and private electric utilities, as well as industries) and type of electricity generation (Hydraulic turbine, Wind power turbine, Tidal power turbine, etc).

Electricity generation from wind power has seen fluctuations in sales over the past five years due to major upheavals on the electricity market with sharp changes in electricity prices. Overall, wind power has recently become the most important source of energy in Germany in terms of the amount of electricity fed into the grid. In addition to the expansion of onshore wind power, the installed capacity of offshore wind turbines in particular has increased since 2009. Since 2019, industry turnover has increased by an average of 1.4 % per year. In 2024, turnover from electricity generation from wind power in Germany is expected to increase by 7.6% to 17 billion euros.In the area of electricity generation, the energy transition, i.e. the switch to renewable energy sources, must make an important contribution to reducing greenhouse gas emissions. However, the construction of wind turbines is sometimes met with resistance from the local population. If their environmental awareness increases, as has been the case this year, acceptance of the expansion of wind power is likely to grow, which will have a positive impact on the industry. In addition, higher electricity consumption in Germany increases the incentive to expand renewable energy sources more quickly. The same applies to an increase in the number of electric vehicles on German roads, as these can only be operated in a climate-friendly manner when charged with green electricity. Extreme weather events in turn pose a risk for the industry. In extreme wind speeds, wind turbines often have to be switched off or run the risk of being damaged.The German government's increased expansion targets for wind power offer the industry great sales potential. From 2024 to 2029, industry turnover is therefore expected to increase by an average of 7.7% per year. This means that the turnover generated by electricity generation from wind power in Germany is expected to reach 24.7 billion euros in 2029. However, the rapid and strong expansion of wind power and the general expansion of renewable energies also brings with it problems. Fluctuating electricity production means that large capacities of energy storage solutions are required. The different expansion of wind power in northern and southern Germany also requires an expansion of the power lines between these regions.

Fuel consumed for electric power generation (28 items:Total solids;Total coal;Total bituminous coal;Canadian bituminous coal;etc.) Data presented at the national and provincial levels, however not all combinations are available.

[v2 update] weather data correction

The data describes an electrical energy community, containing photovoltaic (PV) production profiles and end-user consumption profiles, desegregated by individual appliances used.

A dataset of a residential community was constructed based on real data, where sample consumption and photovoltaic generation profiles were attributed to 50 residential households and a public building (municipal library), a total of 51 buildings. The data concerns a full year.

The overall power consumption of these houses was desegregated into the consumption of 10 commonly used appliances using real energy profiles.

This work has been published in Elsevier's Data in Brief journal: Calvin Goncalves, Ruben Barreto, Pedro Faria, Luis Gomes, Zita Vale, Dataset of an energy community's generation and consumption with appliance allocation, Data in Brief, Volume 45, 2022, 108590, ISSN 2352-3409, https://doi.org/10.1016/j.dib.2022.108590 (https://www.sciencedirect.com/science/article/pii/S2352340922007971)

We would be grateful if you could acknowledge the use of this dataset in your publications. Please use the Data in Brief publication to cite this work.

Reference data used to create this dataset:

Renewable energy production profiles: https://site.ieee.org/pes-iss/data-sets/

End-user profiles:

https://data.london.gov.uk/dataset/smartmeter-energy-use-data-in-london-households

https://archive.ics.uci.edu/ml/datasets/individual+household+electric+power+consumption

https://site.ieee.org/pes-iss/data-sets/