Power Market Status and Trends
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 and is expected to reach 8,259 GW in 2022 at a compound annual growth rate (CAGR) of 4.1%. 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. As energy demand has continued to rise, global warming has become an even more crucial topic of discussion. With insecurities surrounding supplies of conventional fuels and volatile prices, renewable energy is emerging as a feasible alternative.
Thermal power is the largest power-generating source with a 61.1% share of the global installed capacity in 2016. Cumulative installed capacity for thermal power was 3,971 GW in 2016 and is expected to reach 4,604 GW by 2022 at a CAGR of 2.5%. Hydropower is the second-largest power-generating source with a cumulative installed capacity of 1,204 GW in 2016 and accounted for a share of 18.5% of the global pie. Renewable energy sources constituted 938 GW (excluding hydropower) in 2016 and had an installed capacity share of 14.4%. Wind power was the largest renewable source with a share of over 7.7% of the global power capacity in 2016 followed by solar photovoltaic (PV) (4.7%) and biopower (1.8%).
Scope
The report covers the current global power market status and key trends. It provides details of the global installed capacity during the period 2016–2022, installed capacity share by power generating source (2016), primary energy consumption (2010–2025), power consumption trend (2010–2025), share of renewables in total installed power capacity (2016–2022), and the global installed capacity mix (2016–2022)
It also discusses about thermal and nuclear power market
Provides an overview of the renewable power sector and major policy changes
Reasons to Buy
To gain insights of the global power market status and major trends
China Energy Engineering Corporation
Shenhua Group Corporation Limited
AES Corporation
Marubeni Corporation
NTPC Limited
General Electric
Tokyo Electric Power Company
Kyushu Electric Power
Nuclear Power Corporation of India
JSC Atomstroyexport
China General Nuclear Power Corp
Nordex Group
Endesa
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.