US Thermal Power Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the US Thermal Power Market, providing an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges. This detailed report sheds light on the market structure and growth potential over the forecast period.

Key Insights:

US Thermal Power Market Size (2024E): US$213.4 Mn
Projected Market Value (2031F): US$251.9 Mn
Global Market Growth Rate (CAGR 2024 to 2031): 2.4%

US Thermal Power Market - Report Scope:

Thermal power remains a crucial component of the US energy landscape, supplying consistent and reliable energy to industrial, commercial, and residential sectors. Despite increased adoption of renewable energy, thermal power still plays a significant role due to its capacity to meet peak demand and provide grid stability.

Market Growth Drivers:

Several key factors are driving the growth of the US Thermal Power Market. The rising energy demand across the US, driven by industrial expansion and urbanization, ensures sustained reliance on thermal power sources. Advances in technology, including carbon capture and storage (CCS) and hybrid energy systems, are enhancing efficiency and reducing emissions in the thermal power sector. Additionally, supportive government policies and investments in energy infrastructure further bolster the market.

Market Restraints:

The market faces several challenges, including environmental regulations and increasing pressure to decarbonize the energy sector. The rising operational complexity due to regulatory compliance and technological advancements in cleaner power generation solutions increases costs. Supply chain disruptions, particularly in key materials, also pose significant challenges for market growth.

Market Opportunities:

Substantial growth opportunities exist with the adoption of hybrid energy systems that integrate thermal power with renewable energy sources like solar and wind. Technological advancements, particularly in CCS, present opportunities to reduce emissions from thermal power plants, positioning them as sustainable energy solutions. Furthermore, investments in grid modernization and digital technologies open up new growth avenues for the US Thermal Power Market.

Key Questions Answered in the Report:

What are the primary factors driving the US Thermal Power Market?
Which regions are witnessing the highest demand for thermal power, and what trends are influencing this growth?
How are technological advancements impacting the competitive landscape?
Who are the leading players in the US Thermal Power Market, and what strategies are they implementing to maintain their market positions?
What are the emerging trends and future prospects in the US Thermal Power Market?

Competitive Intelligence and Business Strategy:

Key players in the US Thermal Power Market, such as Dominion Energy, NextEra Energy, and Duke Energy, are focused on innovation and strategic partnerships to strengthen their market positions. These companies are investing heavily in infrastructure modernization, carbon reduction technologies, and hybrid energy systems to enhance efficiency and sustainability. Collaborations with technology firms and engineering, procurement, and construction (EPC) companies are crucial for advancing the thermal power sector.

Key Companies Profiled:

Dominion Energy
NextEra Energy
Duke Energy
Southern Company
American Electric
Exelon
Xcel Energy
Consolidated Edison
Public Service Enterprise Group
WEC Energy Group Inc.
The AES Corp
PPL Corp
NRG Energy Inc.

US Thermal Power Market Segmentation:

Fuel Type:

Natural Gas
Coal
Oil
Others

End-Use:

Residential
Commercial
Industrial

Region:

Northeast
Southwest
Midwest

Product Code: PMRREP34557

1. Executive Summary

1.1. U.S. Thermal Power Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Thermal PowerMarket: Value Chain
- 2.3.1. List of Raw Material Supplier
- 2.3.2. List of Manufacturers
- 2.3.3. List of Distributors
- 2.3.4. List of Applications
- 2.3.5. Profitability Analysis
2.4. Forecast Factors - Relevance and Impact
2.5. Covid-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter Five Force's Analysis
2.8. Geopolitical Tensions: Market Impact
2.9. Regulatory and Technology Landscape

3. Macro-Economic Factors

3.1. U.S. Sectorial Outlook
3.2. U.S. GDP Growth Outlook
3.3. U.S. Parent Market Overview
3.4. Other Macro Economic Factors

4. Price Trend Analysis, 2019-2031

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Prices By Fuel Type/End Use/Application
4.4. Regional Prices and Product Preferences

5. U.S. Thermal Power Market Outlook: Historical (2019-2023 ) and Forecast (2024-2031)

5.1. Key Highlights
- 5.1.1. Market Size and Y-o-Y Growth
- 5.1.2. Absolute $ Opportunity
5.2. Market Size (US$ Mn) Analysis and Forecast
- 5.2.1. Historical Market Size Analysis, 2019-2023
- 5.2.2. Current Market Size Forecast, 2024-2031
5.3. U.S. Thermal Power Market Outlook: Fuel Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Mn) Analysis By Fuel Type, 2019-2023
- 5.3.3. Current Market Size (US$ Mn)Forecast By Fuel Type, 2024-2031
  - 5.3.3.1. Coal
  - 5.3.3.2. Natural Gas
  - 5.3.3.3. Oil
  - 5.3.3.4. Others
5.4. Market Attractiveness Analysis: Type
5.5. U.S. Thermal Power Market Outlook: End Use
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Mn) Analysis By End Use, 2019-2023
- 5.5.3. Current Market Size (US$ Mn)Forecast By End Use, 2024-2031
  - 5.5.3.1. Residential
  - 5.5.3.2. Commercial
  - 5.5.3.3. Industrial
5.6. Market Attractiveness Analysis: End Use

6. Competition Landscape

6.1. Market Share Analysis, 2024
6.2. Market Structure
- 6.2.1. Competition Intensity Mapping By Market
- 6.2.2. Competition Dashboard
- 6.2.3. Apparent Production Capacity
6.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 6.3.1. Dominion Energy
  - 6.3.1.1. Overview
  - 6.3.1.2. Segments and Products
  - 6.3.1.3. Key Financials
  - 6.3.1.4. Market Developments
  - 6.3.1.5. Market Strategy
- 6.3.2. NextEra Energy
  - 6.3.2.1. Overview
  - 6.3.2.2. Segments and Products
  - 6.3.2.3. Key Financials
  - 6.3.2.4. Market Developments
  - 6.3.2.5. Market Strategy
- 6.3.3. Duke Energy
  - 6.3.3.1. Overview
  - 6.3.3.2. Segments and Products
  - 6.3.3.3. Key Financials
  - 6.3.3.4. Market Developments
  - 6.3.3.5. Market Strategy
- 6.3.4. Southern Company
  - 6.3.4.1. Overview
  - 6.3.4.2. Segments and Products
  - 6.3.4.3. Key Financials
  - 6.3.4.4. Market Developments
  - 6.3.4.5. Market Strategy
- 6.3.5. American Electric
  - 6.3.5.1. Overview
  - 6.3.5.2. Segments and Products
  - 6.3.5.3. Key Financials
  - 6.3.5.4. Market Developments
  - 6.3.5.5. Market Strategy
- 6.3.6. Exelon
  - 6.3.6.1. Overview
  - 6.3.6.2. Segments and Products
  - 6.3.6.3. Key Financials
  - 6.3.6.4. Market Developments
  - 6.3.6.5. Market Strategy
- 6.3.7. Xcel Energy
  - 6.3.7.1. Overview
  - 6.3.7.2. Segments and Products
  - 6.3.7.3. Key Financials
  - 6.3.7.4. Market Developments
  - 6.3.7.5. Market Strategy
- 6.3.8. Consolidated Edison
  - 6.3.8.1. Overview
  - 6.3.8.2. Segments and Products
  - 6.3.8.3. Key Financials
  - 6.3.8.4. Market Developments
  - 6.3.8.5. Market Strategy
- 6.3.9. Public Service Enterprise Group
  - 6.3.9.1. Overview
  - 6.3.9.2. Segments and Products
  - 6.3.9.3. Key Financials
  - 6.3.9.4. Market Developments
  - 6.3.9.5. Market Strategy
- 6.3.10. Comision Federal de Electricidad
  - 6.3.10.1. Overview
  - 6.3.10.2. Segments and Products
  - 6.3.10.3. Key Financials
  - 6.3.10.4. Market Developments
  - 6.3.10.5. Market Strategy
- 6.3.11. WEC Energy Group Inc
  - 6.3.11.1. Overview
  - 6.3.11.2. Segments and Products
  - 6.3.11.3. Key Financials
  - 6.3.11.4. Market Developments
  - 6.3.11.5. Market Strategy
- 6.3.12. The AES Corp
  - 6.3.12.1. Overview
  - 6.3.12.2. Segments and Products
  - 6.3.12.3. Key Financials
  - 6.3.12.4. Market Developments
  - 6.3.12.5. Market Strategy
- 6.3.13. PPL Corp
  - 6.3.13.1. Overview
  - 6.3.13.2. Segments and Products
  - 6.3.13.3. Key Financials
  - 6.3.13.4. Market Developments
  - 6.3.13.5. Market Strategy
- 6.3.14. PNM Resources Inc
  - 6.3.14.1. Overview
  - 6.3.14.2. Segments and Products
  - 6.3.14.3. Key Financials
  - 6.3.14.4. Market Developments
  - 6.3.14.5. Market Strategy
- 6.3.15. NRG Energy Inc
  - 6.3.15.1. Overview
  - 6.3.15.2. Segments and Products
  - 6.3.15.3. Key Financials
  - 6.3.15.4. Market Developments
  - 6.3.15.5. Market Strategy

Note: The list of companies is not exhaustive. It is subject to further augmentation during research

7. Appendix

7.1. Research Methodology
7.2. Research Assumptions
7.3. Acronyms and Abbreviations