Market Size of Asia-Pacific Thermal Power Plant Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 2.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Asia-Pacific Thermal Power Plant Market Analysis
The Asia-Pacific thermal power plant market is expected to register a CAGR of more than 2.5% during the forecast period.
- Over the medium term, factors such as the increase in industrial operations and energy demand in the developing countries in the region are likely to drive the Asia-Pacific thermal power plant market.
- On the other hand, the increasing share of renewable energy in total energy generation is expected to restrain the Asia-Pacific thermal power plant market.
- Nevertheless, new and efficient technologies like supercritical and ultra-supercritical coal power plants, which reduce the amount of pollution per KW, are expected to replace the aging power plants and are likely going to create several opportunities for the Asia-Pacific thermal power plant market in the future.
Due to its increasing number of projects involving thermal power plants, China is expected to be the largest market for the Asia-Pacific thermal power plant.
