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Global Fossil Fuel Energy Market to reach USD 9,467.84 billion by the end of 2029.

Global Fossil Fuel Energy Market Size study & Forecast, by Type (Coal, Oil, Natural Gas), by End User (Residential, Commercial, Industrial) and Regional Analysis, 2022-2029

Product Code: EPBF F-28814173
Publish Date: 15-05-2023
Page: 200

Global Fossil Fuel Energy Market is valued at approximately USD 6,263.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2022-2029. Fossil fuel refers to hydrocarbon-containing material which includes coal, oil, and natural gas. Fossil fuels are formed from the decomposing of plants and animals and are mainly used to generate electricity. The rising demand for fossil fuels in various sectors and industries such as manufacturing, transportation, and energy production are factors responsible for the growth of the Fossil Fuel Energy Market over the forecast period of 2022-2029.

The primary key factor anticipated to accelerate the growth of the Fossil Fuel Energy Market is the higher demand in the transportation and energy production sector. According to Statista, in 2021, the transportation sector consumed over 25 quadrillion British thermal units of fossil fuel energy. According to the International Energy Agency, Global energy demand is predicted to grow by 2.11 percent each year until 2040. Also, an increase in funding for research and development by the government will accelerate market growth. Moreover, the development of new technological advancements to increase efficiency and i
Increasing demand in the End-user industry are anticipated to create a positive outlook for the market. However, the development of renewable energy sources stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Fossil Fuel Energy Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific dominated the market in terms of the largest share due to the production of a substantial amount of coal, oil, and natural gas. China is the world’s largest producer of coal and is also a major producer of oil and natural gas. Europe is the fastest growing region with the highest CAGR during the forecast period, owing to increased usage in the commercial and residential sector.

Major market player included in this report are:
Iberdrola SA
Huaneng Power International Inc.
GDF Suez S.A.
Enel SpA
State Power Investment Corporation Limited
AGL Energy Limited
Origin Energy Limited
Energy Australia Holdings Limited
Stanwell Corporation Limited
American Electric Power

Recent Developments in the Market:
⮚ In Aug 2021, Public Service Enterprise Group (PSEG) has entered into an agreement to sell its 6,750-megawatt fossil generating portfolio to newly formed subsidiaries of ArcLight Energy Partners LLC a fund controlled by ArcLight Capital Partners, LLC for aggregate consideration of approximately $1.92 billion, subject to customary adjustments, and is expected to be completed late in the fourth quarter of 2021 or the first quarter of 2022.

Global Fossil Fuel Energy Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Coal
Oil
Natural gas

By End User:
Residential
Commercial
Industrial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Fossil Fuel Energy Market, by Region, 2019-2029 (USD Billion)
1.2.2. Fossil Fuel Energy Market, by Type, 2019-2029 (USD Billion)
1.2.3. Fossil Fuel Energy Market, by End User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fossil Fuel Energy Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fossil Fuel Energy Market Dynamics
3.1. Fossil Fuel Energy Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing demand in transportation sector
3.1.1.2. Increase in funding for research and development
3.1.2. Market Challenges
3.1.2.1. Development of renewable energy sources
3.1.3. Market Opportunities
3.1.3.1. Rising demand in the End-User industry
3.1.3.2. Modern technologies advancement
Chapter 4. Global Fossil Fuel Energy Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Fossil Fuel Energy Market, by Type
1.1. Market Snapshot
1.2. Global Fossil Fuel Energy Market by Type, Performance – Potential Analysis
1.3. Global Fossil Fuel Energy Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
1.4. Fossil Fuel Energy Market, Sub Segment Analysis
1.4.1. Coal
1.4.2. Oil
1.4.3. Natural gas
Chapter 2. Global Fossil Fuel Energy Market, by End User
2.1. Market Snapshot
2.2. Global Fossil Fuel Energy Market by End User, Performance – Potential Analysis
2.3. Global Fossil Fuel Energy Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
2.4. Fossil Fuel Energy Market, Sub Segment Analysis
2.4.1. Residential
2.4.2. Commercial
2.4.3. Industrial
Chapter 3. Global Fossil Fuel Energy Market, Regional Analysis
3.1. Fossil Fuel Energy Market, Regional Market Snapshot
3.2. North America Fossil Fuel Energy Market
3.2.1. U.S. Fossil Fuel Energy Market
3.2.1.1. Type breakdown estimates & forecasts, 2019-2029
3.2.1.2. End User breakdown estimates & forecasts, 2019-2029
3.2.2. Canada Fossil Fuel Energy Market
3.3. Europe Fossil Fuel Energy Market Snapshot
3.3.1. U.K. Fossil Fuel Energy Market
3.3.2. Germany Fossil Fuel Energy Market
3.3.3. France Fossil Fuel Energy Market
3.3.4. Spain Fossil Fuel Energy Market
3.3.5. Italy Fossil Fuel Energy Market
3.3.6. Rest of Europe Fossil Fuel Energy Market
3.4. Asia-Pacific Fossil Fuel Energy Market Snapshot
3.4.1. China Fossil Fuel Energy Market
3.4.2. India Fossil Fuel Energy Market
3.4.3. Japan Fossil Fuel Energy Market
3.4.4. Australia Fossil Fuel Energy Market
3.4.5. South Korea Fossil Fuel Energy Market
3.4.6. Rest of Asia Pacific Fossil Fuel Energy Market
3.5. Latin America Fossil Fuel Energy Market Snapshot
3.5.1. Brazil Fossil Fuel Energy Market
3.5.2. Mexico Fossil Fuel Energy Market
3.6. Rest of The World Fossil Fuel Energy Market

Chapter 4. Competitive Intelligence
4.1. Top Market Strategies
4.2. Company Profiles
4.2.1 Iberdrola SA
4.2.1.1. Key Information
4.2.1.2. Overview
4.2.1.3. Financial (Subject to Data Availability)
4.2.1.4. Type Summary
4.2.1.5. Recent Developments
4.2.2. Huaneng Power International Inc.
4.2.3. GDF Suez S.A.
4.2.4. Enel SpA
4.2.5. State Power Investment Corporation Limited
4.2.6. AGL Energy Limited
4.2.7. Origin Energy Limited
4.2.8. Energy Australia Holdings Limited
4.2.9. Stanwell Corporation Limited
4.2.10. American Electric Power
Chapter 5. Research Process
5.1. Research Process
5.1.1. Data Mining
5.1.2. Analysis
5.1.3. Market Estimation
5.1.4. Validation
5.1.5. Publishing
5.2. Research Attributes
5.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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