Global Electric Power Generation Trends in 2024
Electric Power Generation is part of Electric Power and includes a number of sub-sectors such as Coal-Fired Power Generation, Cogeneration, Distributed Generation, Combined Cycle and Oil Fired Power Generation. You may also be interested in Electrical Grid, Electricity and Energy Storage.
Global electricity generation is projected to reach approximately 32,800 terawatt-hours by 2028, up from around 29,600 terawatt-hours in 2023. This marks an average annual growth rate of 1.6%. Historically, the global electricity supply has seen a steady increase, growing by 2.1% annually since 1990. In 2023, China led the world in electricity generation, producing roughly 9,300 terawatt-hours. Following China, the United States, India, and Russia ranked as the second, third, and fourth largest electricity producers, respectively. Notably, Turkmenistan experienced a significant annual growth of 7% in electricity generation. Conversely, Estonia saw a decline, with its electricity generation falling by 7.5% annually since 1990.
Top 10 countries
In 2024 major markets in the Electric Power Generation Industry were:
Electric Power Generation Market Data and Forecasts
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More in Electric Power Generation MarketGlobal Electric Power Generation Statistics
- Electricity Generation 176 countries (Europe, Southern Europe, Eastern Europe...)
- Gas Turbine Import 191 countries (Africa, Sub-Saharan Africa, Asia...)
- Electricity Capacity 52 countries (Europe, Southern Europe, Northern Europe...)
- Gas Turbine Export 176 countries (Asia, Africa, Sub-Saharan Africa...)
- Industrial Equipment Import 192 countries (Africa, Sub-Saharan Africa, Asia...)
- Industrial Equipment Export 189 countries (Asia, Africa, Latin America...)
- Vehicle Import 198 countries (Asia, Europe, Southeast Asia...)
- Number Of Enterprises 66 countries (Europe, Northern Europe, Southern Europe...)
- Vehicle Export 193 countries (Asia, Europe, Southeast Asia...)
- Labour Utilisation 97 countries (Europe, Northern Europe, Eastern Europe...)