市场调查报告书
商品编码
1389871
全球化石燃料能源市场:按燃料类型(煤炭、石油、天然气)、最终用户(住宅、商业、工业、其他)和地区划分的评估、机会和预测(2016-2030)Fossil Fuel Energy Market Assessment, By Fuel Type [Coal, Oil, Natural Gas], By End-user [Residential, Commercial, Industrial, Others], By Region, Opportunities and Forecast, 2016-2030F |
2022年,全球化石燃料能源市场规模为15,560亿美元,在预测期内(2023-2030年)复合年增长率为5.64%,到2030年将达到2万亿美元。预计将达到4134.4亿美元。 有几个因素正在推动市场发展,包括渗透率的提高、高能量密度、广泛的可用性和成熟的基础设施。 化石燃料提供可靠且具成本效益的能源,并对全球经济成长做出重大贡献。 地缘政治影响和某些地区丰富的化石燃料储量也刺激了其扩张。 此外,化石燃料能源产业正在越来越多地采用旨在简化采矿流程和降低相关成本的尖端技术,预计这将在预测期内为市场提供重大成长机会。
由于现有基础设施、能源密度和经济效益,化石燃料的采用不断增加。 成熟的供应系统和实惠的价格使化石燃料成为可靠的选择。 此外,地缘政治因素和部分地区丰富的储量也支撑着持续成长。
例如,根据环境与能源研究所 (EESI) 的数据,一个多世纪以来,煤炭、石油和天然气为全球经济提供了动力,目前满足了全球约 80% 的能源需求。马苏。 儘管煤炭是碳强度最高的化石燃料,但其发电量几乎占世界发电量的三分之一。
本报告分析了全球化石燃料能源市场,提供了产品概述、市场基本结构、总体市场规模展望、按细分市场和地区划分的详细趋势以及市场背景情况。我们调查主要影响因素、主要企业概况及市占率等。
为涵盖的所有地区/国家提供每个细分市场的资讯。
上面列出的公司并非按市场份额排序,并且可能会根据研究工作中获得的资讯进行更改。
Global Fossil Fuel Energy market size was valued at USD 1556 billion in 2022, expected to reach USD 2413.44 billion in 2030, with a CAGR of 5.64% for the forecast period between 2023 and 2030. Several factors, including a rising adoption rate, high energy density, widespread availability, and a well-established infrastructure drive the market. Fossil fuels provide reliable and cost-effective energy and have a major contribution towards overall economic growth across the globe. Moreover, geopolitical influences and the abundance of fossil fuel reserves in certain regions also fuel their expansion. Furthermore, the increasing adoption of cutting-edge technologies in the fossil fuel energy industry to improve the efficiency of the extraction process and reduce the associated costs is expected to create huge growth opportunities for the market over the forecasted period.
Fossil fuel adoption continues to rise due to existing infrastructure, energy density, and economic interests. Their well-established delivery systems and affordability make them a reliable choice. Additionally, geopolitical factors and abundant reserves in some regions augment their continued growth.
For example, according to the Environmental and Energy Study Institute (EESI), coal, oil, and natural gas have been the driving force behind the global economy for more than a century, and currently, they provide approximately 80% of the world's energy needs. Despite being the most carbon-intensive fossil fuel, coal is used for nearly one-third of global electricity generation.
The growing appetite for methane gas is propelling the fossil fuel energy market forward. Methane, a crucial element of natural gas, is one of the most efficient natural gases for power generation, heating, and various industrial applications. This heightened demand plays a significant role in the expansion of the fossil fuel sector as the global community seeks cleaner energy alternatives to address environmental concerns and confront the challenges of climate change.
For example, in 2022, the global energy industry alone was responsible for approximately 135 million metric tons of methane emissions. This sector constitutes nearly 40% of the total methane emissions attributed to human activities, securing its position as the second-largest contributor in terms of emission magnitude, with agriculture being the sole sector ahead.
The fossil fuel market is experiencing substantial growth due to the widespread use of fossil fuels in various industrial applications. Fossil fuels remain a crucial energy source for numerous sectors, with their versatile applications contributing to sustained market growth. However, it's essential to consider the various environmental implications and explore cleaner, sustainable alternatives to mitigate the environmental impact of fossil fuel consumption.
For example, as per Energy Information Administration (EIA), in 2022, the United States generated approximately 4.23 trillion kilowatt-hours (kWh) of electricity at utility-scale facilities, with nearly 60% of this electricity derived from fossil fuels. Furthermore, the country consumed an average of 8.78 million barrels per day (369 million gallons per day) of finished motor gasoline, representing around 43% of total United States petroleum consumption.
Investments in fossil fuel infrastructure persist, presenting significant market opportunities. Despite a global shift toward renewable energy, fossil fuels remain essential for meeting energy demands. These investments contribute to maintaining and expanding the necessary infrastructure for extracting, processing, and distributing fossil fuels, ensuring a reliable energy supply. Capitalizing on these opportunities supports economic growth in regions abundant in fossil fuel resources, even amid increasing calls for cleaner energy alternatives. As highlighted by the International Energy Agency (IEA), investments in new fossil fuel supply are projected to increase by 6%, reaching nearly USD 950 billion in 2023. This underscores the ongoing significance of fossil fuel investments in the global energy landscape, despite the growing momentum towards sustainable alternatives.
Government policies and incentives are crucial for the transition to a more sustainable and secure energy future. First, to ensure energy security by diversifying energy sources and reducing dependence on finite fossil fuels. Second, to address environmental concerns and combat climate change by promoting cleaner technologies and reducing emissions. Third, to stimulate innovation and job creation in the growing renewable energy sector. Finally, to strengthen energy resilience, especially during global crises, and to align with international sustainability commitments.
For example, the European Union Emissions Trading Scheme directs carbon payments from power plants and industrial sources, with 2022 prices approaching the target-aligned carbon price. Parallely, India, Morocco, Saudi Arabia, and Ukraine have phased out direct subsidies and, in certain instances, imposed taxes. Additionally, more than 160 countries globally have implemented taxation on-road transportation usage. These actions reflect a global drive to address climate change, promote sustainability, and reduce carbon emissions.
The Asia-Pacific is leading the market growth due to several key factors. It is home to rapidly industrializing nations with growing energy demands. Abundant coal and natural gas reserves, coupled with significant investments in infrastructure, have fueled the expansion. Furthermore, policies and economic incentives have encouraged fossil fuel consumption. However, this growth has raised environmental concerns, highlighting the need for a transition to cleaner energy sources in order to mitigate pollution and address the various challenges associated with climate change.
For example, in November 2023, NTPC disclosed that it had generated around 19.117 million tonnes (MT) of coal from its captive mines in the April-October duration of the current fiscal year, marking an 86% increase compared to the 10.282 MT produced in the corresponding nine-month period of the previous 2022-23 financial year.
The COVID-19 pandemic has entirely reshaped the market infrastructure globally. Pre-COVID, fossil fuels were the dominant energy source. However, the pandemic triggered a seismic shift. Lockdowns and travel restrictions led to a sharp reduction in energy demand, causing an oversupply of oil, coal, and natural gas, and consequent price collapses. Moreover, fossil fuel industries faced a lot of financial challenges. Post-COVID, the crisis catalyzed discussions on environmental sustainability and energy resilience. Furthermore, governments and industries are heavily investing in renewable energy, and carbon reduction measures, reflecting a growing urge to reduce fossil fuel dependency and adapt to a changing world thereby emphasizing environmental concerns and energy security.
The Russia-Ukraine war had a significant impact on the market. Geopolitical tensions stemming from the conflict have led to a plethora of uncertainties and risks. Russia's role as a key natural gas supplier to Europe, with Ukraine as a crucial transit country, has rose concerns about energy security in the region. Moreover, disputes and disruptions in gas supplies have triggered fluctuations in gas prices, affecting both consumers and industries. Furthermore, the war has contributed to volatility in oil prices due to sanctions on Russia and potential disruptions in oil supply routes. This geopolitical instability has highlighted the importance of diversifying energy sources and accelerating the transition to renewable energy. Further, investors are highly cautious about long-term investments in fossil fuels due to the uncertain geopolitical landscape and the potential for future supply disruptions. Thus, the conflict has amplified concerns about global energy security, prompting a reassessment of energy strategies and a push for more resilient and sustainable energy solutions.
The fossil fuel sector is undergoing substantial expansion as major global firms are making substantial investments in fossil fuel energy production. Their goal is to expand their market reach and revenue sources. Additionally, these companies are actively pursuing collaboration, acquisitions, and partnerships, which are reshaping the industry's operational landscape and expediting overall market growth within the estimated time period.
In September 2023, Chevron Corporation intended to increase Venezuelan oil production by 65,000 barrels per day (bpd) by the end of 2024. This expansion will result from its primary drilling initiative in Venezuela since the United States permitted the restoration of production, which had been earlier restricted by sanctions. This endeavor has the potential to support Venezuela in boosting crude output and expedite Chevron's objective of recovering USD 3 billion in unpaid dividends and debt related to its ventures in the country.
In July 2023, ABB Ltd. offered an automation solution for the upcoming Wakayama Gobo biomass power plant, a joint project involving Enewill, Osaka Gas, and SMFL MIRAI Partners. This greenfield facility, once operational, is set to provide 50 MW of renewable energy, sufficient to meet the annual power needs of approximately 110,000 households. Moreover, this initiative signifies ABB's ninth automation agreement with TOYO Engineering Corporation, as they collaborate on the expansion of biomass power generation facilities throughout Japan.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.