According to GlobalData, thermal power accounted for 70% of the Philippines’s total installed power generation capacity and 79% of total power generation in 2023. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Philippines Thermal power Analysis: Market Outlook to 2035 report. Buy the report here.
Installed capacity is forecast to increase from 2024 to 2035, at which point thermal power is expected to account for 48% of total installed generation capacity. Coal capacity rose during 2010 to 2023 at a CAGR of 7%. It is expected that coal will grow at a CAGR of 2% during 2023-2035.
For more detailed analysis of the thermal power sector in the Philippines, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Power Plants database provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide, while its macro indicators database provides historic and forecast power generation and generation capacity by technology as well as consumption, imports and exports for over 170 countries.
