started · updated
Global Energy Market Forecasts Predict Growth for Coal and Green Power Sectors
Market research projects the global coal‑fired power generation market to reach US$1.65 trillion by 2035, up from US$1.27 trillion in 2024, with a CAGR of 2.4 % over the 2025‑2035 period. Leading players include China Shenhua Energy, Adani Power, NTPC, Southern Company, Duke Energy, KEPCO, RWE, Engie, EDF and Mitsubishi.
The green power market is expected to expand more rapidly, rising from US$54.5 billion in 2024 to US$219.5 billion by 2035, a CAGR of 13.5 %. Major firms cited are NextEra Energy, Enel, Ørsted, Siemens Gamesa, Vestas, Iberdrola, Brookfield Renewable, Canadian Solar, First Solar and EDP Renewables. Both reports highlight digital transformation, AI and IoT integration, and opportunities in carbon‑capture and energy‑storage technologies as drivers of future growth.