Irving, TX (PRWEB) August 28, 2012
Electricity generation has been increasing steadily over the past decade and is expected to grow to 28,085 TWh by 2017 at a CAGR of 4% over the next five years.Renewable electricity generation is expected to witness a CAGR of 8.1% over the next five years.
Lucintel, a leading global management consulting and market research firm, in its new market study, ?Growth Opportunity in Global Electricity Market 2012-2017,? analyzes the global energy sector and outlines areas of opportunity for the next five years.
Lucintel’s research indicates that the varied and rapidly changing energy policies are posing stiff challenges to cope with the changes and maintain profitability, but the burgeoning GDP, improving standard of living, and proliferating services and manufacturing sectors have led to an increase in electricity demand. The global electricity market is poised to witness a significant growth rate, dominated by growth mainly in the Asia Pacific (APAC) market.
Lucintel?s report outlines that in 2017, coal is estimated to have the largest share in global electricity generation capacity, although renewable sources such as wind and solar are anticipated to emerge stronger. Among all the sources,solar and wind are expected to be the fastest growing in terms of generation capacities over the next five years.In addition to wind and solar, biomass and waste-to-energy are also expected to attract new investments.
Although base load power demand is met with non-renewable energy sources, mainly coal, natural gas, and nuclear energy, efforts are under way continuously to increase reliability on renewable energy sources such as wind, solar, biomass, hydro, etc. for electricity generation in order to curb carbon emissions.
Lucintel’s report provides detailed trend and forecast data for different energy sources; specifically, the 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 policies of the governments;regional benchmarking of electricity markets; North America, APAC, Europe, and rest of the world energy market trends, forecasts, growth opportunities, and more.
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 help facilitate critical decisions with greater speed, insight, and cost efficiency.