Coal Power Generation Market Size, Share & Trends Analysis Report
The global coal power generation market was valued at 2,016.86 GW in 2022 and is projected to reach 2,285.69 GW by 2031, growing at a CAGR of 1.4% from 2023 to 2031. This growth is driven by low costs, abundant coal reserves, and rising energy demand in developing countries. Coal, primarily used for electricity generation, fuels coal-fired power stations, which are thermal power plants. There are over 2,400 coal-fired power plants worldwide, with a combined capacity exceeding 2,000 GW, producing about one-third of the world’s electricity. Coal remains the most widely used and affordable source for power generation globally.