Power Market Status and Trends – Q3 2017
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Global installed power capacity reached 6,473 gigawatts (GW) in 2016 from over 5,047 GW in 2010 at a compound annual growth rate (CAGR) of 4.1%. Thermal power was the largest power-generating source with a 61.1% share of the global installed capacity in 2016. Cumulative installed capacity for thermal power was 3,954 GW in 2016 and is expected to reach 5,318 GW by 2030 at a CAGR of 2.1%. The global power industry is characterized by heavy dependence on thermal fuel sources for power generation, as major power-generating countries such as China, the US, India, Japan, and Russia have abundant coal reserves. In recent years, significant economic development in China and India and the increased use of coal resources have driven the rapid growth of thermal generation. More than 55GW of coal based power plant are in various stages of development in the region as compared to decreasing coal based capacity in the US and Europe. The power consumption in 2016 was 21, 111 TWh and is expected to increase at a CAGR of 2.7% to reach 26,686 TWh in 2025. Wind power was the largest renewable source with a share of over 7.6% of the global power capacity in 2016 followed by solar photovoltaic (PV) (4.6%) and biopower (1.8%). Renewable energy is likely to increase its share in global energy mix from 14% in 2016 to 23% by 2025 owing to the reduced prices and enabling government policies across the globe
Scope
The report covers the status and key trends of the global power market inQ3, 2017
Reasons to Buy
To gain insights on the status and key trends of the global power market in Q3, 2017
Table of Contents
Table
Figures
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.