Fossil Fuel Power Generation Industry Profile

Companies in this industry operate electric power generation facilities that produce electrical energy from fossil fuels. Major companies include American Electric Power, Duke Energy, and Southern Company (all based in the US), along with China Energy, China Power, NTPC (India), SSE (UK), and Tokyo Electric Power Company (Japan).

Fossil fuels still supply more than 80% of the world's energy, according to KPMG. Leading countries that generate electricity are China, the US, India, Russia, and Japan, according to Statista. The number of people around the world who lived without electricity is expected to reach about 775 million, according to the International Energy Agency (IEA).

The US fossil fuel-powered electricity generation industry consists of about 1,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $75 billion.

Government entities and cooperatives that own generating plants are not included in US statistics for the industry. Companies that transmit and distribute electricity are covered in the Electric Power Transmission, Distribution & Marketing industry profile. Companies that generate electricity from both renewables and fossil fuels are covered in the Electric Power Generation profile. Companies that generate electricity only from wind are covered in the Wind Power Generation profile. Companies that generate electricity only from the sun are covered in the Solar Power Generation profile.

COMPETITIVE LANDSCAPE

Demand is driven by commercial, government, and residential needs for electrical power, which depend mainly on ...