Please Wait.....
Report
Europe Thermal Power - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 110 Pages I Mordor Intelligence
The Europe Thermal Power Market is expected to register a CAGR of greater than 5% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market reached pre-pandemic levels.
Key Highlights
- Over the medium term, increasing power demands and decommissioning coal power plants will likely increase demand for gas-powered power generation. It is expected to drive the Europe thermal power market during the forecast period.
- On the other hand, the increasing adaption of renewable energy sources like solar and wind energy is expected to hinder Europe's thermal power market growth.
- Nevertheless, clean coal technology and upcoming natural gas-fired power plants are expected to create significant opportunities in Europe's thermal power market in the future.
- Germany is expected to dominate the market during the forecasted period due to the increasing demand for energy and population.
Europe Thermal Power Market Trends
Natural Gas Based Thermal Power to Witness Significant Growth
- Natural gas is one of the cleanest fuels that can affordably supply electricity on a large scale. In the future decades, gas-fired power generation will likely displace coal capacity in the region. Furthermore, investments in renewables are predicted to skyrocket, and the flexibility provided by gas-fired power generation is expected to remain in high demand.
- Using natural gas thermal power plants as backup power for unreliable renewable sources such as wind and solar is one of the most significant factors driving their adoption. The ability of natural gas plants to initiate quickly makes them highly dependable, thus improving the reliability of the utility grid and promoting the market's expansion.
- In February 2022, the government of Ireland announced that they plan to build nine new gas-fired power plants by 2024 to meet rising electricity demand and avoid a power shortfall on the island. The proposed additional plants in Westmeath, Galway, and Dublin will be built due to a recent capacity auction undertaken jointly by the grid operator Eirgrid and its Northern Ireland equivalent, SONI.
- Moreover, Natural gas electricity generation is a significant part of the energy mix in Europe. In 2021 the total electricity generation through natural gas was recorded at 799.3 TWh, an increase of 4.7% compared to 2020. However, the natural gas supply was severely affected due to the Russia-Ukraine war. It is estimated to affect electricity generation through natural gas in Europe heavily.
- With advantages like low emissions compared to coal and fewer harms compared to nuclear, the market share of natural gas in power generation is likely to grow.
Germany to Dominate the Market
- Despite Germany's commitment to environmental goals, the country heavily relies on natural gas, particularly heating. However, the country also includes a significant capacity for natural gas-powered electricity production, which is anticipated to increase in the projected period. It is estimated that an additional 20-30 GW of gas-fired capacity will be necessary to satisfy domestic demand while meeting climate targets and transitioning away from coal and nuclear energy.
- As of 2022, there are approximately 27.2 GW of gas-powered projects in the pipeline, with an additional 2.4 GW expected to be installed between 2021 and 2022. Several plants, including VW's Wolfsburg CCGTs (400 MW), Uniper's Scholven unit (135 MW), and Steag's Herne 6 (625 MW), are scheduled to come online in 2023.
- Furthermore, according to BP's statistical review of world energy in 2021, the country's electricity generation through thermal energy sources increased by almost 9% between 2021 and 2020.
- Moreover, the irregular natural gas supply severely affected Germany due to the Russia-Ukraine war. The government reactivated the existing coal power plant facility in the country.
- For instance, in August 2022, the Heyden facility in Petershagen, near Hanover in northern Germany, was set to reopen on August 29 and remain operational until the end of April, according to operator Uniperannounced. Heyden, with a capacity of 875 MW, is one of Germany's most powerful coal-fired power stations.
- Therefore, due to the abovementioned facts, Germany is expected to dominate the thermal power segment during the forecasted period.
Europe Thermal Power Industry Overview
The Europe thermal power market is moderately fragmented. Some of the major players in the market (in no particular order) include Siemens AG, Enel S.p.A, Electricite de France SA, Engie SA, and Rosatom State Atomic Energy Corporation.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of Study
1.2 Market Definiton
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Installed Capacity and Forecast in GW, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Source
5.1.1 Coal
5.1.2 Natural Gas
5.1.3 Oil
5.1.4 Nuclear
5.2 Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
5.2.1 United Kingdom
5.2.2 France
5.2.3 Germany
5.2.4 Russia
5.2.5 Rest of Europe
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Engie SA
6.3.2 Enel S.p.A
6.3.3 Rosatom State Atomic Energy Corporation
6.3.4 Electricite de France SA
6.3.5 Siemens AG
6.3.6 Iberdrola SA
6.3.7 Endesa SA
6.3.8 Uniper SE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security