The fossil fuel electricity market was valued at nearly 890 billion U.S. dollars in 2023. Until 2031, the sector is expected to continue growing by around four percent each year, bringing it to a value of more than one trillion U.S. dollars from 2028 onward.
More information on the global electricity generation market can be found here.
Market value of fossil fuel electricity generation worldwide from 2021 to 2023, with a forecast until 2031
(in billion U.S. dollars)
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Extrapolate. (March 13, 2024). Market value of fossil fuel electricity generation worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1457200/fossil-fuel-electricity-market-value/
Extrapolate. "Market value of fossil fuel electricity generation worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars)." Chart. March 13, 2024. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1457200/fossil-fuel-electricity-market-value/
Extrapolate. (2024). Market value of fossil fuel electricity generation worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1457200/fossil-fuel-electricity-market-value/
Extrapolate. "Market Value of Fossil Fuel Electricity Generation Worldwide from 2021 to 2023, with a Forecast until 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Mar 2024, https://www.statista.com/statistics/1457200/fossil-fuel-electricity-market-value/
Extrapolate, Market value of fossil fuel electricity generation worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1457200/fossil-fuel-electricity-market-value/ (last visited January 08, 2025)
Market value of fossil fuel electricity generation worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph], Extrapolate, March 13, 2024. [Online]. Available: https://www.statista.com/statistics/1457200/fossil-fuel-electricity-market-value/
