Electricity generated from fossil fuels will account for the largest market value between 2021 and 2031. The market value of renewable electricity generation is expected to remain significantly lower. Nonetheless, solar power is projected to exhibit the highest compound annual growth rate among electricity sources, at 11.6 percent between 2024 and 2031.
More information on the global electricity generation market value can be found here.
Market value of electricity generation worldwide from 2021 to 2023, with a forecast until 2031, by power source
(in billion U.S. dollars)
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Extrapolate. (March 13, 2024). Market value of electricity generation worldwide from 2021 to 2023, with a forecast until 2031, by power source (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 20, 2024, from https://www.statista.com/statistics/1457030/electricity-generation-market-value-by-source-forecast/
Extrapolate. "Market value of electricity generation worldwide from 2021 to 2023, with a forecast until 2031, by power source (in billion U.S. dollars)." Chart. March 13, 2024. Statista. Accessed November 20, 2024. https://www.statista.com/statistics/1457030/electricity-generation-market-value-by-source-forecast/
Extrapolate. (2024). Market value of electricity generation worldwide from 2021 to 2023, with a forecast until 2031, by power source (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 20, 2024. https://www.statista.com/statistics/1457030/electricity-generation-market-value-by-source-forecast/
Extrapolate. "Market Value of Electricity Generation Worldwide from 2021 to 2023, with a Forecast until 2031, by Power Source (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Mar 2024, https://www.statista.com/statistics/1457030/electricity-generation-market-value-by-source-forecast/
Extrapolate, Market value of electricity generation worldwide from 2021 to 2023, with a forecast until 2031, by power source (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1457030/electricity-generation-market-value-by-source-forecast/ (last visited November 20, 2024)
Market value of electricity generation worldwide from 2021 to 2023, with a forecast until 2031, by power source (in billion U.S. dollars) [Graph], Extrapolate, March 13, 2024. [Online]. Available: https://www.statista.com/statistics/1457030/electricity-generation-market-value-by-source-forecast/
