Irving, Texas (PRWEB) September 17, 2012
Worldwide electricity generation has been increasing steadily over the past decade and is expected to grow to 28,085 TWh by 2017 with a CAGR of 4% over the next five years. Renewable electricity generation is expected to grow to 7,425 TWh by 2017 at a CAGR of 8.1% through 2017.
In its new market study, “Quarterly Trend and Forecast of Global Electricity Market Q1-08 to Q4-12," Lucintel analyzes the global electricity market and outlines areas of opportunity for the remainder of 2012 as well as the next five years. Lucintel's research indicates that the varied and dynamic energy policies are posing stiff challenges to cope with industry changes and maintain profitability. Burgeoning GDP, improving standards of living, and the proliferating services and manufacturing sectors, however, have led to an increase in electricity demand.
As indicated in the study,approximately 51 GW of new installations came online every quarter globally from the first quarter of 2008 through the fourth quarter of 2010. Conventional energy sources, mainly coal, dominated in the worldwide installations, and coal is expected to continue that dominance. Approximately 50 GW of new installations are expected to come online every quarter. Through 2012, approximately 58% of the quarterly installations are expected to come from conventional sources. The share of renewable energy sources among quarterly installations is expected to approach 39%.
Lucintel’s market research indicates that more than half of the installations are expected to come from the Asia Pacific (APAC) region during the period Q1-11 to Q4-12. APAC is expected to add approximately 28 GW every quarter, followed by Europe (8.5 GW), North America (7.1 GW), and ROW with (5.7 GW).
Lucintel's report provides detailed trend and forecast data for different energy sources; specifically, demand and supply analysis with future forecasts for 2017. The report analyzes the drivers that lead the demand in different energy segments and the supply challenges these segments are likely to face. The study considers various governments’ policies; regional benchmarking of electricity markets; energy market trends, forecasts, and growth opportunities by region; and much more.
For a detailed table of contents and pricing information on this timely, market report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. Lucintel has started Live Chat in its Web Site to answer visitors' questions in real time with precision. Visitors can either chat with our experts or call them free of cost through Live Chat to get assistance about what they are looking for from Lucintel.