Global Fossil Fuel Energy Market is valued at approximately USD 6,263.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2022-2029. Fossil fuel refers to hydrocarbon-containing material which includes coal, oil, and natural gas. Fossil fuels are formed from the decomposing of plants and animals and are mainly used to generate electricity. The rising demand for fossil fuels in various sectors and industries such as manufacturing, transportation, and energy production are factors responsible for the growth of the Fossil Fuel Energy Market over the forecast period of 2022-2029.
The primary key factor anticipated to accelerate the growth of the Fossil Fuel Energy Market is the higher demand in the transportation and energy production sector. According to Statista, in 2021, the transportation sector consumed over 25 quadrillion British thermal units of fossil fuel energy. According to the International Energy Agency, Global energy demand is predicted to grow by 2.11 percent each year until 2040. Also, an increase in funding for research and development by the government will accelerate market growth. Moreover, the development of new technological advancements to increase efficiency and i
Increasing demand in the End-user industry are anticipated to create a positive outlook for the market. However, the development of renewable energy sources stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Fossil Fuel Energy Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific dominated the market in terms of the largest share due to the production of a substantial amount of coal, oil, and natural gas. China is the world's largest producer of coal and is also a major producer of oil and natural gas. Europe is the fastest growing region with the highest CAGR during the forecast period, owing to increased usage in the commercial and residential sector.
Major market players included in this report are:
- Iberdrola SA
- Huaneng Power International Inc.
- GDF Suez S.A.
- Enel SpA
- State Power Investment Corporation Limited
- AGL Energy Limited
- Origin Energy Limited
- Energy Australia Holdings Limited
- Stanwell Corporation Limited
- American Electric Power
Recent Developments in the Market:
- In Aug 2021, Public Service Enterprise Group (PSEG) has entered into an agreement to sell its 6,750-megawatt fossil generating portfolio to newly formed subsidiaries of ArcLight Energy Partners LLC a fund controlled by ArcLight Capital Partners, LLC for aggregate consideration of approximately $1.92 billion, subject to customary adjustments, and is expected to be completed late in the fourth quarter of 2021 or the first quarter of 2022.
Global Fossil Fuel Energy Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, End User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
By End User:
- Residential
- Commercial
- Industrial
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Fossil Fuel Energy Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Fossil Fuel Energy Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Fossil Fuel Energy Market, by End User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Fossil Fuel Energy Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Fossil Fuel Energy Market Dynamics
- 3.1. Fossil Fuel Energy Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand in transportation sector
- 3.1.1.2. Increase in funding for research and development
- 3.1.2. Market Challenges
- 3.1.2.1. Development of renewable energy sources
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising demand in the End-User industry
- 3.1.3.2. Modern technologies advancement
Chapter 4. Global Fossil Fuel Energy Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Fossil Fuel Energy Market, by Type
- 1.1. Market Snapshot
- 1.2. Global Fossil Fuel Energy Market by Type, Performance - Potential Analysis
- 1.3. Global Fossil Fuel Energy Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 1.4. Fossil Fuel Energy Market, Sub Segment Analysis
- 1.4.1. Coal
- 1.4.2. Oil
- 1.4.3. Natural gas
Chapter 2. Global Fossil Fuel Energy Market, by End User
- 2.1. Market Snapshot
- 2.2. Global Fossil Fuel Energy Market by End User, Performance - Potential Analysis
- 2.3. Global Fossil Fuel Energy Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
- 2.4. Fossil Fuel Energy Market, Sub Segment Analysis
- 2.4.1. Residential
- 2.4.2. Commercial
- 2.4.3. Industrial
Chapter 3. Global Fossil Fuel Energy Market, Regional Analysis
- 3.1. Fossil Fuel Energy Market, Regional Market Snapshot
- 3.2. North America Fossil Fuel Energy Market
- 3.2.1. U.S. Fossil Fuel Energy Market
- 3.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 3.2.1.2. End User breakdown estimates & forecasts, 2019-2029
- 3.2.2. Canada Fossil Fuel Energy Market
- 3.3. Europe Fossil Fuel Energy Market Snapshot
- 3.3.1. U.K. Fossil Fuel Energy Market
- 3.3.2. Germany Fossil Fuel Energy Market
- 3.3.3. France Fossil Fuel Energy Market
- 3.3.4. Spain Fossil Fuel Energy Market
- 3.3.5. Italy Fossil Fuel Energy Market
- 3.3.6. Rest of Europe Fossil Fuel Energy Market
- 3.4. Asia-Pacific Fossil Fuel Energy Market Snapshot
- 3.4.1. China Fossil Fuel Energy Market
- 3.4.2. India Fossil Fuel Energy Market
- 3.4.3. Japan Fossil Fuel Energy Market
- 3.4.4. Australia Fossil Fuel Energy Market
- 3.4.5. South Korea Fossil Fuel Energy Market
- 3.4.6. Rest of Asia Pacific Fossil Fuel Energy Market
- 3.5. Latin America Fossil Fuel Energy Market Snapshot
- 3.5.1. Brazil Fossil Fuel Energy Market
- 3.5.2. Mexico Fossil Fuel Energy Market
- 3.6. Rest of The World Fossil Fuel Energy Market
Chapter 4. Competitive Intelligence
- 4.1. Top Market Strategies
- 4.2. Company Profiles
4.2.1 Iberdrola SA
- 4.2.1.1. Key Information
- 4.2.1.2. Overview
- 4.2.1.3. Financial (Subject to Data Availability)
- 4.2.1.4. Type Summary
- 4.2.1.5. Recent Developments
- 4.2.2. Huaneng Power International Inc.
- 4.2.3. GDF Suez S.A.
- 4.2.4. Enel SpA
- 4.2.5. State Power Investment Corporation Limited
- 4.2.6. AGL Energy Limited
- 4.2.7. Origin Energy Limited
- 4.2.8. Energy Australia Holdings Limited
- 4.2.9. Stanwell Corporation Limited
- 4.2.10. American Electric Power
Chapter 5. Research Process
- 5.1. Research Process
- 5.1.1. Data Mining
- 5.1.2. Analysis
- 5.1.3. Market Estimation
- 5.1.4. Validation
- 5.1.5. Publishing
- 5.2. Research Attributes
- 5.3. Research Assumption