Thermal Power Plant Market, By Fuel Type (Coal, Natural Gas, and Others), By Capacity (400 MW, 400-800 MW, and More than 800 MW), By Turbine Type (Simple Cycle, and Combined Cycle), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024

Code : CMI6731

Pages :144

Formats :

Excel and PDF

Industry : Energy

Market Concentration and Competitive Landscape

Thermal Power Plant Market Concentration By Players

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Rising focus on energy security

In the current globalized world which is heavily dependent on trade for meeting essential commodity needs, having strategic control over critical energy resources has become an important priority for nations. While liberalization of power markets has opened up opportunities for international partnerships and fuel imports, many countries are also exploring measures to enhance their self-sufficiency and reduce external vulnerabilities through domestic production and indigenization. Thermal power, being a tried and tested technology, provides an attractive option in this regard given indigenous reserves of coal exist in several countries or can be cost effectively imported from reliable partners. There is a growing focus amongst governments as well as private sector investors on establishing robust indigenous fuel supply chains, local manufacturing capacity for plant components and construction capabilities as a way to counter external supply disruptions and price fluctuations. New indigenous coal mining projects and LNG infrastructure are driving interest in setting up thermal plants alongside to promote energy security. Initiatives around integrated energy parks and dedicated power corridors also aim to decentralize risks and strengthen energy autonomy for nations over the long run.

Key Players Insights