Irving, TX (PRWEB) August 18, 2012
Substantial growth in development of transmission line expansion and upgrades for existing lines or replacement of aging assets are anticipated to boost the industry globally. The global electric market is expected to reach an estimated US $2,218billion in 2017 with a CAGR of 3.7% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the global electric utilities industry and presents its findings in “Global Electric Utilities Industry2012-2017: Trend, Profit and Forecast Analysis.”
The global electric utilities industry is fragmented with many public and private players in the market. The industry is expected to witness moderate growth over the next five years. Technological advancement and projected growth in electric appliances are likely to drive electricity consumption. Heavy investment in renewable distributed energy generation, energy storage, and plug-in electric vehicles is projected. The trend of unbundling utilities into generators, transmission system operators, and distribution is expected to increase. New government policies for shift in fuel source from coal to natural-gas fired power and green power will positively affect the industry
Lucintel’s research indicates that in power demand surged by electricity consumption of electric appliances, as spending power rises in the developing economies of APAC and ROW.
As per the study, GDP growth, population growth, urbanization, liberalized regulations, emerging economy, industrial and transportation sector consumption, and clean energy are the majors drivers of the industry. Environmental issues deregulation, and competition is expected to pose serious challenges on electricity market. The industry is expected to face some challenges such as carbon emission, ageing workforce and infrastructure, reducing consumer costs, security and technological advancement, utilities performance, operational effectiveness, and escalating fuel cost.
This study is intended to provide concise overview of the global electric utilities industry. The report tracks one market segment for four regions – thus it tracks four segments of the global electric utilities industry.
For a detailed table of contents and pricing information on this timely, insightful 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.