Market Size of North America Thermal Power Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 655.91 gigawatt |
| Market Volume (2029) | 686.19 gigawatt |
| CAGR (2024 - 2029) | 0.91 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Thermal Power Market Analysis
The North America Thermal Power Market size in terms of installed base is expected to grow from 655.91 gigawatt in 2024 to 686.19 gigawatt by 2029, at a CAGR of 0.91% during the forecast period (2024-2029).
- Over the medium term, factors such as increasing investments in thermal power plants are likely to drive the market.
- On the other hand, an increase in renewable energy share in the total power generation mix and as an economically viable cleaner alternative is expected to restrain the growth of the market.
- Nevertheless, the technological advancements in efficiency and reduction in harmful emissions from thermal power projects are expected to create ample opportunity for market players.
