Market Size of Japan Power Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 324.21 gigawatt |
| Market Volume (2029) | 345.42 gigawatt |
| CAGR (2024 - 2029) | 1.27 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Power Market Analysis
The Japan Power Market size is estimated at 324.21 gigawatt in 2024, and is expected to reach 345.42 gigawatt by 2029, growing at a CAGR of 1.27% during the forecast period (2024-2029).
- Over the medium period, the declining price and installation cost of solar PV systems, advancements in renewable energy technologies, and supportive government initiatives are expected to drive the Japanese power market.
- On the other hand, the rising LNG costs and high reliance on imports impact natural gas power generation and are expected to hinder market growth during the forecast period.
- Nevertheless, the progress in Japan’s offshore wind power sector is likely to create several opportunities for the Japanese power market in the future.
