Coal & Natural Gas Power in the US - Industry Market Research Report

Coal & Natural Gas Power in the US - Industry Market Research Report

  • February 2021 •
  • 55 pages •
  • Report ID: 499230 •
  • Format: PDF
Power down: Competition from renewables could cause demand for industry services to decline

Abstract

Coal & Natural Gas Power in the US
The Coal and Natural Gas Power industry has wavered over the past five years to 2018. Electric power consumption growth has been sluggish over the past five years, as a result of increased energy efficiency and depressed industrial production. Nevertheless, the industry has started to recover from major declines over the previous two years and is expected to grow in 2018. While coal-based power generation still dominates the power production realm, the industry has become increasingly focused on natural gas. While natural gas prices have traditionally been low, the excess in production as a result of the shale boom has pushed prices even lower, pressuring the shift toward this power source. Stronger economic growth is expected to stimulate greater demand for electricity. This, in combination with higher retail electricity prices, is expected to drive industry revenue growth over the five years to 2023.

This industry operates fossil fuel-powered power plants, which burn coal and natural gas to power steam turbines that generate electricity. Industry operators sell generated power to regulated transmission and distribution utilities and on wholesale electricity markets. This industry does not include government-owned and operated power plants.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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