Global electricity generation market value 2031 | Statista (2024)

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    Published by Statista Research Department, Jun 28, 2024

    The electricity generation market was valued at approximately 1.6 trillion U.S. dollars in 2023. The market is forecast to grow at a compound annual growth rate of 4.8 percent between 2024 and 2031, and surpass 2.16 trillion U.S. dollars by 2030.

    The Asia-Pacific region leads the way, accounting for more than half of the global electricity generation market's worth during the analyzed time period.

    More information on the global electricity generation market value can be found here.

    Market value of electricity generation worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars)

    CharacteristicMarket value in billion U.S. dollars
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    Extrapolate

    Release date

    March 2024

    More information

    Region

    Worldwide

    Survey time period

    2021 to 2023

    Special properties

    *Figures are forecast from this year onward

    Citation formats

    Other statistics on the topic

    +EnergyGlobal electricity mix 2023, by energy sourceEnergyLevelized capital costs of electricity generation in the U.S. 2028, by source+EnergyGlobal power production 2023, by leading country+EnergyNet power production in the U.S. 1950-2023

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    Statistics on " Electricity generation in the U.S. "

    The most important statistics

    • Global electricity production 1990-2023
    • Global electricity mix 2023, by energy source
    • Global power production 2023, by leading country
    • Global renewable electricity generation 2022, by region
    • Electricity generation and distribution revenue in the U.S. 2010-2021

    The most important statistics

    • U.S. electricity generating capacity addition share 2010-2022, by technology
    • U.S. electricity generation capacity share 2023, by region
    • Net power production in the U.S. 1950-2023
    • Monthly electricity production in the United States 2021-2024
    • Share of electricity generation in the U.S. 2007-2023, by fuel
    • Independent power producers' electricity generation in the U.S. 2005-2023

    The most important statistics

    • Petroleum consumption for power generation in the U.S. 1990-2022
    • Natural gas power generation in the U.S. 2000-2022
    • U.S. coal electricity generation 2008-2022
    • Nuclear electricity generation in the U.S. 1975-2023

    The most important statistics

    • Renewable power generation in the United States 2007-2023
    • Renewables share of electricity generation in the U.S. 2000-2022
    • Wind power generation in the U.S. 2000-2023
    • Hydroelectric power generation in the U.S. 2023
    • Solar power generation in the U.S. 2000-2023
    • Geothermal power generation in the U.S. 2005-2023

    The most important statistics

    • Base overnight costs of new power plants in the U.S. 2023, by technology
    • Cost of electricity production from natural gas in the United States Q1 2022-Q3 2023
    • Cost of power production from coal in the United States Q1 2022-Q3 2023
    • U.S. shareholder-owned electric utilities operating expenses 2010-2023
    • U.S. shareholder-owned electric utilities expenses 2023, by category
    • Power plant operating expenses in the U.S. 1998-2022, by type

    The most important statistics

    • Electric power capacity outlook in the U.S. 2022-2050
    • Renewable electricity capacity and generation in the U.S. 2022-2050
    • Levelized capital costs of electricity generation in the U.S. 2028, by source

    Other statistics that may interest you Electricity generation in the U.S.

    Overview

    5

    • Basic Statistic Global electricity production 1990-2023
    • Premium Statistic Global electricity mix 2023, by energy source
    • Premium Statistic Global power production 2023, by leading country
    • Premium Statistic Global renewable electricity generation 2022, by region
    • Basic Statistic Electricity generation and distribution revenue in the U.S. 2010-2021

    Key figures

    6

    • Premium Statistic U.S. electricity generating capacity addition share 2010-2022, by technology
    • Basic Statistic U.S. electricity generation capacity share 2023, by region
    • Premium Statistic Net power production in the U.S. 1950-2023
    • Premium Statistic Monthly electricity production in the United States 2021-2024
    • Basic Statistic Share of electricity generation in the U.S. 2007-2023, by fuel
    • Basic Statistic Independent power producers' electricity generation in the U.S. 2005-2023

    Conventional electricity

    4

    • Basic Statistic Petroleum consumption for power generation in the U.S. 1990-2022
    • Basic Statistic Natural gas power generation in the U.S. 2000-2022
    • Basic Statistic U.S. coal electricity generation 2008-2022
    • Premium Statistic Nuclear electricity generation in the U.S. 1975-2023

    Renewables

    6

    • Premium Statistic Renewable power generation in the United States 2007-2023
    • Premium Statistic Renewables share of electricity generation in the U.S. 2000-2022
    • Basic Statistic Wind power generation in the U.S. 2000-2023
    • Premium Statistic Hydroelectric power generation in the U.S. 2023
    • Basic Statistic Solar power generation in the U.S. 2000-2023
    • Premium Statistic Geothermal power generation in the U.S. 2005-2023

    Costs

    6

    • Basic Statistic Base overnight costs of new power plants in the U.S. 2023, by technology
    • Premium Statistic Cost of electricity production from natural gas in the United States Q1 2022-Q3 2023
    • Premium Statistic Cost of power production from coal in the United States Q1 2022-Q3 2023
    • Basic Statistic U.S. shareholder-owned electric utilities operating expenses 2010-2023
    • Basic Statistic U.S. shareholder-owned electric utilities expenses 2023, by category
    • Basic Statistic Power plant operating expenses in the U.S. 1998-2022, by type

    Outlook

    3

    • Basic Statistic Electric power capacity outlook in the U.S. 2022-2050
    • Premium Statistic Renewable electricity capacity and generation in the U.S. 2022-2050
    • Basic Statistic Levelized capital costs of electricity generation in the U.S. 2028, by source

    Further Content: You might find this interesting as well

    Topics

    Electricity market in SingaporeElectricity in IndiaElectricity in IndonesiaEnergy sector in SingaporeElectricity market in Japan

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    Global electricity generation market value 2031 | Statista (2024)
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