Market Size of Russia Thermal Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Russia Thermal Power Market Analysis
The Russia thermal power market is expected to register a CAGR of over 2% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market is expected to reach pre-pandemic levels.
- Over the medium term, factors such as the vast reserves of natural gas and upcoming coal power plants will likely drive the Russia thermal power market during the forecast period.
- On the other hand, international sanctions and various companies are terminating their business in Russia due to the Russia-Ukraine war. It is expected to hinder the growth of the Russia thermal power market.
- Nevertheless, Clean coal technology and upcoming natural gas-fired power plants are expected to create significant opportunities in Russia's thermal power market in the future.
