Europe Thermal Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Europe thermal power market is segmented by source (coal, natural gas, oil, and nuclear) and geography (United Kingdom, France, Germany, Russia, and the rest of Europe). The report offers the installed capacity and forecast capacity in gigawatts (GW) for all the above segments.

Europe Thermal Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Thermal Power Market Size

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Europe Thermal Power Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 5.00 %
Market Concentration Medium

Major Players

Europe Thermal Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe Thermal Power Market with other markets in Energy & Power Industry

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Europe Thermal Power Market Analysis

The Europe Thermal Power Market is expected to register a CAGR of greater than 5% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market reached pre-pandemic levels.

  • Over the medium term, increasing power demands and decommissioning coal power plants will likely increase demand for gas-powered power generation. It is expected to drive the Europe thermal power market during the forecast period.
  • On the other hand, the increasing adaption of renewable energy sources like solar and wind energy is expected to hinder Europe's thermal power market growth.
  • Nevertheless, clean coal technology and upcoming natural gas-fired power plants are expected to create significant opportunities in Europe's thermal power market in the future.
  • Germany is expected to dominate the market during the forecasted period due to the increasing demand for energy and population.

Europe Thermal Power Industry Overview

The Europe thermal power market is moderately fragmented. Some of the major players in the market (in no particular order) include Siemens AG, Enel S.p.A, Electricite de France SA, Engie SA, and Rosatom State Atomic Energy Corporation.

Europe Thermal Power Market Leaders

  1. Engie SA

  2. Enel S.p.A

  3. Rosatom State Atomic Energy Corporation

  4. Electricite de France SA

  5. Siemens AG

  6. *Disclaimer: Major Players sorted in no particular order
Europe Thermal Power Market Concentration
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Europe Thermal Power Market News

  • January 2023: The Polish 75% state-owned energy firm, Polska Grupa Energetyczna (PGE), announced the selection of a contractor to build an 882 MW gas and steam plant in the southern city of Rybnik. The facility is planned to be operational by 2027.
  • July 2022: Energa SA announced that it had placed an order with GE Gas Power for a GE 9HA.02 turnkey combined cycle power plant project for the Ostroleka C power station in northeast Poland. The Ostroleka C power station, with an installed capacity of 745 MW, will commence operations in 2025. It will be supplied with gas from the Poland-Lithuania Interconnector.
  • April 2022: The government of the United Kingdom announced the formation of a new entity named Great British Nuclear to boost the UK's nuclear capability to produce up to 24 GW of electricity from nuclear power by 2050 - 25% of expected electricity demand. The nuclear focus might result in up to eight additional reactors being built in existing locations. The government hopes to license a new reactor yearly until 2030 to make them operational by 2050.

Europe Thermal Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definiton
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity and Forecast in GW, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Source
    • 5.1.1 Coal
    • 5.1.2 Natural Gas
    • 5.1.3 Oil
    • 5.1.4 Nuclear
  • 5.2 Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
    • 5.2.1 United Kingdom
    • 5.2.2 France
    • 5.2.3 Germany
    • 5.2.4 Russia
    • 5.2.5 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Engie SA
    • 6.3.2 Enel S.p.A
    • 6.3.3 Rosatom State Atomic Energy Corporation
    • 6.3.4 Electricite de France SA
    • 6.3.5 Siemens AG
    • 6.3.6 Iberdrola SA
    • 6.3.7 Endesa SA
    • 6.3.8 Uniper SE
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Thermal Power Industry Segmentation

Thermal power generation utilizes steam from burning oil, liquid natural gas (LNG), coal, and other substances to rotate generators and create electricity.

Source and Geography segment the Europe thermal power market. The market is segmented by source: Coal, Natural Gas, Oil, and Nuclear. The report also covers the market size and forecasts across major regional countries. The report offers the installed capacity and forecast capacity in gigawatts (GW) for all the above segments.

Source Coal
Natural Gas
Oil
Nuclear
Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)}) United Kingdom
France
Germany
Russia
Rest of Europe
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Europe Thermal Power Market Research FAQs

What is the current Europe Thermal Power Market size?

The Europe Thermal Power Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Europe Thermal Power Market?

Engie SA, Enel S.p.A, Rosatom State Atomic Energy Corporation, Electricite de France SA and Siemens AG are the major companies operating in the Europe Thermal Power Market.

What years does this Europe Thermal Power Market cover?

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

Europe Thermal Power Industry Report

Statistics for the 2025 Europe Thermal Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Thermal Power 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.