Burlingame, June 25, 2024 (GLOBE NEWSWIRE) — The global Thermal Power Plant Market size was valued at US$ 1,532.34 Billion in 2024 and is expected to reach US$ 1,949.57 Billion by 2031, growing at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Increasing demand creates opportunities for investments in capacity addition through new coal and gas-based thermal power plants. In addition, integration of technologies like supercritical and ultra-supercritical technologies is helping boost the efficiency and output of newer generation plants, thereby promoting their adoption.

(GlobeNewsWire)