The fossil fuel electric power generation industry's gross output in the U.S. is forecasted to grow from $97.26 billion in 2024 to $100.2 billion in 2028. This indicates a steady year-on-year growth, with the annual increase hovering around 1% over the forecasted period. The compound annual growth rate (CAGR) from 2024 to 2028 reflects a modest yet positive trajectory for the industry.

Future trends to watch for include:

The impact of regulatory changes aimed at reducing carbon emissions.
Technological advancements in renewable energy that may replace or supplement fossil fuel consumption.
Market dynamics such as fuel price volatility and its influence on electric power costs.