Natural gas and renewable energy
sources are increasingly being used for generating electricity to reduce the
greenhouse gas emissions. Renewable energy sources include electricity
generated from solar, wind, hydropower, geothermal and biomass. The use of
natural gas and renewable energy sources help to reduce the environmental
damage caused by the earlier methods of using fossil fuels and coal.
THE
BUSINESS RESEARCH COMPANY VALUED THE ELECTRICITY GENERATION GLOBAL
MARKET AT $1213 BILLION IN 2017
Asia Pacific was the largest
geographic region in the market, accounting for nearly half of the global
market. China was the largest country accounting for one-fifth of the global
electricity generation market.
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The chart below shows the year-on-year
growth of the global electricity generation market during 2017– 2021
According to The Business
Research Company’s Consultant, Oliver Guirdham, power generating industries need
to move beyond the old commodity-based model in which the primary goals were
cost-effective supply acquisition, modernization of industrial process
equipment, and total bill reduction. Cost management and basic service will
still be important, but they will no longer be central. Power utilities will
now need to provide alternative generation sources, energy storage, equipment
replacement, sensor-based energy monitoring systems, software-based data
analytics, facilities management services, and the infrastructure to back up.
These will expand the industry’s customer relationships.
Sample report:
Enel was the biggest player in
the electricity generation market, with revenues exceeding $78.1
billion in 2016. Enel’s growth strategy aims to increase its power
output from renewable energy sources by investing in renewable power projects
and acquiring green energy companies. The company aims to increase its
renewable capacity from 46% in 2016 to 56% in 2019 equaling to 46 GW of power.
For this, Enel is investing about $40 million for the construction of a solar
energy plant in Zambia. In 2016, the company also acquired the remaining share
of the wind farm Maicor Wind, 60% of which was already owned by Enel.
The electricity generation
market is segmented into Hydroelectric Power Generation; Fossil Fuel Electric
Power Generation; Nuclear Electric Power Generation; Solar Electric Power
Generation; Wind Electric Power Generation; Geothermal Electric Power
Generation; Biomass Electric Power
Generation; and Other Electric Power
Generation.
Electricity Generation
Global Market Report 2018 is a detailed report giving a unique insight
into this market. The report is priced at $4000 for an individual user. To use
across your office, the price is $6000 and $8000 if you wish to use across a
multinational company.
About
The Business Research Company
The Business Research Company is a
market research and intelligence company, which excels in company, market and
consumer research. It has research professionals at its offices in the UK,
India and the US as well a network of trained researchers globally. It has
specialist consultants in a wide
range of industries including manufacturing,
healthcare, chemicals and technology.
Contact Information.
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