Asia Pacific Thermal Power Plant Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Asia-Pacific Thermal Power Plant Companies and the market is segmented by fuel type (coal, gas, nuclear, and other fuel types) and geography (China, India, Japan, and the Rest of Asia-Pacific). The market size and forecasts are provided in terms of capacity (MW) for all the above segments.

Asia Pacific Thermal Power Plant Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia-Pacific Thermal Power Plant Market Size

Asia-Pacific Thermal Power Plant Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 2.50 %
Market Concentration Low

Major Players

Asia-Pacific Thermal Power Plant Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Thermal Power Plant Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Asia-Pacific Thermal Power Plant Market Analysis

The Asia-Pacific Thermal Power Plant Market is expected to register a CAGR of greater than 2.5% during the forecast period.

  • Over the medium term, factors such as the increase in industrial operations and energy demand in the developing countries in the region are likely to drive the Asia-Pacific thermal power plant market.
  • On the other hand, the increasing share of renewable energy in total energy generation is expected to restrain the Asia-Pacific thermal power plant market.
  • Nevertheless, new and efficient technologies like supercritical and ultra-supercritical coal power plants, which reduce the amount of pollution per KW, are expected to replace the aging power plants and are likely going to create several opportunities for the Asia-Pacific thermal power plant market in the future.

Due to its increasing number of projects involving thermal power plants, China is expected to be the largest market for the Asia-Pacific thermal power plant.

Asia-Pacific Thermal Power Plant Industry Overview

The Asia-Pacific thermal power plant market is fragmented. Some of the key players in this market (in no particular order) include NTPC Limited, Datang International Power Generation Company Limited, China Energy Engineering Corporation (CEEC), Tokyo Electric Power Company Holdings, Inc., and Korea Electric Power Corporation, among others.

Asia-Pacific Thermal Power Plant Market Leaders

  1. NTPC Limited

  2. Datang International Power Generation Company Limited

  3. China Energy Engineering Corporation (CEEC)

  4. Tokyo Electric Power Company Holdings, Inc.

  5. Korea Electric Power Corporation.

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Thermal Power Plant Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Asia-Pacific Thermal Power Plant Market News

  • March 2022: Harbin Electric and GE Gas Power announced that Shenzhen Energy Group Corporation Co., Ltd., a government-owned power utility, has ordered power generation equipment for its Guangming combined-cycle power plant, located in the Shenzhen Guangming district of Guangdong province in China. The facility will be powered by three GE 9HA.01 gas turbines with a capacity of up to 2 gigawatts (GW).
  • January 2022: China National Nuclear Corporation (CNNC) announced that unit 6 at its Fuqing nuclear power plant, a 1161MWe Hualong One (HPR1000) reactor, has been connected to the grid.

Asia-Pacific Thermal Power Plant Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Asia-Pacific Thermal Power Plant Installed Capacity and Forecast, in Megawatts, till 2028
  • 4.3 Electricity Generation in TWh, Global, till 2022
  • 4.4 Electricity Consumption in TWh, Global, till 2022
  • 4.5 Key Projects Information (Existing, In Pipeline, and Upcoming).
  • 4.6 Recent Trends and Developments
  • 4.7 Government Policies and Regulations
  • 4.8 Market Dynamics
    • 4.8.1 Drivers
    • 4.8.2 Restraints
  • 4.9 Supply Chain Analysis
  • 4.10 Porter's Five Forces Analysis
    • 4.10.1 Bargaining Power of Suppliers
    • 4.10.2 Bargaining Power of Consumers
    • 4.10.3 Threat of New Entrants
    • 4.10.4 Threat of Substitute Products and Services
    • 4.10.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Fuel Type
    • 5.1.1 Coal
    • 5.1.2 Gas
    • 5.1.3 Nuclear
    • 5.1.4 Other Fuel Types
  • 5.2 Geography
    • 5.2.1 China
    • 5.2.2 India
    • 5.2.3 Japan
    • 5.2.4 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
  • 6.2 Strategies Adopted by Key Players
  • 6.3 Company Profiles
    • 6.3.1 NTPC Limited
    • 6.3.2 Adani Group
    • 6.3.3 Tata Group
    • 6.3.4 Datang International Power Generation Company Limited
    • 6.3.5 China Energy Engineering Corporation (CEEC)
    • 6.3.6 China National Electric Engineering Co., Ltd.
    • 6.3.7 Tokyo Electric Power Company Holdings, Inc.
    • 6.3.8 Korea Electric Power Corporation
    • 6.3.9 Toshiba Corp
    • 6.3.10 Mitsubishi Heavy Industries, LTD.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Asia-Pacific Thermal Power Plant Industry Segmentation

A thermal power plant is a type of power station that converts heat energy into electric power. It works by burning fossil fuels such as coal, oil, or natural gas to heat water and produce steam, which drives a turbine to generate electricity. The steam is condensed back into water, and the cycle repeats.

The Asia-Pacific Thermal Power Plant is segmented by fuel type and geography. By fuel type, the market is segmented into coal, gas, nuclear, and others. The report also covers the market size and forecasts for the thermal power plant market across major countries in the region. For each segment, market sizing and forecasts have been done based on capacity (MW).

Fuel Type Coal
Gas
Nuclear
Other Fuel Types
Geography China
India
Japan
Rest of Asia-Pacific
Need A Different Region or Segment?
Customize Now

Asia-Pacific Thermal Power Plant Market Research FAQs

What is the current Asia-Pacific Thermal Power Plant Market size?

The Asia-Pacific Thermal Power Plant Market is projected to register a CAGR of greater than 2.5% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Thermal Power Plant Market?

NTPC Limited, Datang International Power Generation Company Limited, China Energy Engineering Corporation (CEEC), Tokyo Electric Power Company Holdings, Inc. and Korea Electric Power Corporation. are the major companies operating in the Asia-Pacific Thermal Power Plant Market.

What years does this Asia-Pacific Thermal Power Plant Market cover?

The report covers the Asia-Pacific Thermal Power Plant Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Thermal Power Plant Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

APAC Thermal Power Plant Industry Report

Statistics for the 2025 Asia-Pacific Thermal Power Plant market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Thermal Power Plant analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.