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 2024, global coal power generation stood at over 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 for electricity generation The production of renewable energy has been increasing steadily over the past decades, with a year-over-year growth of around six percent 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.

It is projected that electricity generated worldwide will increase by nearly ** percent in the coming three decades, to reach some ** thousand terawatt-hours by 2050. That year, renewables are expected to be the largest source of global electricity, accounting for some ** percent of electric power produced. The boom of renewables Electricity generation from renewable sources is expected to experience the largest growth in the displayed period, almost tripling between 2022 and 2050. The past decade saw the beginning of a boom in global installed renewable capacity, which recently surpassed ***** terawatts. In 2021, Asia was the region with the largest renewable electricity production, at *** petawatt-hours. Electricity from fossil fuels Conventional sources like coal are increasingly being replaced. After peaking at more than ** percent in 2007, the fossil fuel share in the global power generation has decreased steadily ever since. However, in 2022, coal was still the largest source of electricity generation worldwide, with a share of ** percent.

This dataset provides values for ELECTRICITY PRODUCTION reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about Indonesia Electricity Production

• Electricity Production in Indonesia reached 343,892 GWh in Dec 2024, compared with 323,321 GWh in the previous year.
• Electricity Production data of Indonesia is updated yearly averaging at 156,797 GWh from Dec 1994 to Dec 2024.
• The data reached an all-time high of 343,892 GWh in Dec 2024 and a record low of 51,478 GWh in Dec 1994.

Electricity Generation covers state company production plus purchased from other producers.

China increased 4.7% of Electricity Generation in 2019, compared to a year earlier.

According to Cognitive Market Research, the global Electricity Generation market size was 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 Electri...

Key information about Japan Electricity Production

• Electricity Production in Japan reached 62,523 GWh in Nov 2024, compared with 64,434 GWh in the previous month.
• Electricity Production data of Japan is updated monthly averaging at 72,836 GWh from Feb 2006 to Nov 2024.
• The data reached an all-time high of 96,844 GWh in Aug 2007 and a record low of 56,264 GWh in May 2020.

Agency for Natural Resources and Energy provides monthly Electricity Generation.

Key information about Italy Electricity Production

• Electricity Production in Italy reached 22,346 GWh in Jan 2025, compared with 21,516 GWh in the previous month.
• Electricity Production data of Italy is updated monthly averaging at 23,129 GWh from Jan 2000 to Jan 2025.
• The data reached an all-time high of 28,669 GWh in Jul 2008 and a record low of 18,768 GWh in Apr 2023.

[COVID-19-IMPACT]

United States US: Electricity Production From Coal Sources: % of Total data was reported at 34.233 % in 2015. This records a decrease from the previous number of 39.651 % for 2014. United States US: Electricity Production From Coal Sources: % of Total data is updated yearly, averaging 51.846 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 57.679 % in 1988 and a record low of 34.233 % in 2015. United States US: Electricity Production From Coal Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Coal refers to all coal and brown coal, both primary (including hard coal and lignite-brown coal) and derived fuels (including patent fuel, coke oven coke, gas coke, coke oven gas, and blast furnace gas). Peat is also included in this category.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

Key information about European Union Electricity Production

• Electricity Production in European Union reached 240,934 GWh in Dec 2024, compared with 224,888 GWh in the previous month.
• Electricity Production data of EU is updated monthly averaging at 220,184 GWh from Oct 2008 to Dec 2024.
• The data reached an all-time high of 277,685 GWh in Jan 2011 and a record low of 189,835 GWh in Apr 2020.

CEIC extends history for monthly Electricity Generation. Eurostat provides Electricity Generation of EU 27 excluding UK. Electricity Generation prior to January 2013 is calculated as the sum of Electricity Generation of EU 27 and Croatia minus United Kingdom. Net Electricity Generation is used.

Key information about Germany Electricity Production

• Electricity Production in Germany reached 20,350 GWh in May 2021, compared with 24,479 GWh in the previous month.
• Electricity Production data of Germany is updated monthly averaging at 39,435 GWh from Jan 2002 to May 2021.
• The data reached an all-time high of 53,768 GWh in Jan 2006 and a record low of 17,390 GWh in Apr 2020.

Electricity Generation covers electricity generation plants for general supply with an electric bottleneck capacity (gross) of 1 megawatt or more.

The share of global electricity produced from biomass energy was **** percent in 2023. This figure increased steadily over the past two decades, when it was less than one percent. Bioenergy is considered a renewable source of energy and can be used to generate electricity, as well as heat and transportation fuels.

Global Electricity Generation by Country, 2023 Discover more data with ReportLinker!

Electricity generation worldwide is forecast to almost triple in the next three decades when compared to 2023. With a growth rate of approximately ****** terawatt-hours per decade between 2030 and 2050, this figure will reach ****** terawatt-hours by 2050. Electrification and decarbonization The growth in worldwide power generation will largely be driven by decarbonization efforts, including the electrification of the transportation and building sectors. For instance, the global sales of electric vehicles have grown********** between 2018 and 2022.In the building sector, efforts to decarbonize heating systems also rely on clean electricity. The share of renewable energy used to power heat pumps worldwide is increasing, although it was below ** percent in 2022. Global electricity trends Since 1990, global power generation has increased every year except in 2009, following the global financial crisis, and in 2020, in the midst of the COVID-19 pandemic. Increasing power demand is the result of various factors, including economic development and increasing access to electricity throughout the world.

Key information about South Korea Electricity Production

• Electricity Production in South Korea reached 45,790 GWh in Nov 2024, compared with 46,176 GWh in the previous month.
• Electricity Production data of South Korea is updated monthly averaging at 11,642 GWh from Jul 1961 to Nov 2024.
• The data reached an all-time high of 58,759 GWh in Aug 2024 and a record low of 94 GWh in Aug 1961.

Korea Electric Power Corporation provides monthly Electricity Generation.

Key information about Taiwan Electricity Production

• Electricity Production in Taiwan reached 22,547 GWh in Dec 2024, compared with 22,563 GWh in the previous month.
• Electricity Production data of Taiwan is updated monthly averaging at 17,031 GWh from Jan 1982 to Dec 2024.
• The data reached an all-time high of 28,130 GWh in Jul 2022 and a record low of 2,861 GWh in Feb 1983.

The Energy Administration, Ministry of Economic Affairs provides monthly Electricity Generation.

The average for 2022 based on 189 countries was 44.94 million kilowatts. The highest value was in China: 2586.46 million kilowatts and the lowest value was in Kiribati: 0.01 million kilowatts. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

The average for 2022 based on 43 countries was 40.84 million kilowatts. The highest value was in Russia: 303.02 million kilowatts and the lowest value was in Gibraltar: 0.05 million kilowatts. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

Global Power Generation market size is expected to reach $2633.56 billion by 2029 at 5.6%, segmented as by type, hydroelectricity, fossil fuel electricity, nuclear electricity, solar electricity, wind electricity, geothermal electricity