Harrisburg, NC -- (SBWIRE) -- 10/20/2020 -- Electric Power Generation, Transmission, And Distribution Global Market Report 2020-30
The Electric Power Generation, Transmission, And Distribution Market Research Report begins with an overview of the Market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that give closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behavior, pricing factors, and market performance and estimation. The forecast market information, SWOT analysis, Electric Power Generation, Transmission, And Distribution market scenario, and feasibility study are the vital aspects analyzed in this report.
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Asia Pacific was the largest region in the global electric power generation, transmission, and distribution market, accounting for 43% of the market in 2019. Western Europe was the second largest region accounting for 26% of the global electric power generation, transmission, and distribution market. Africa was the smallest region in the global electric power generation, transmission, and distribution market.
Top Key Players in the Global Electric Power Generation, Transmission, And Distribution Market: are Électricité de France, Enel, Engie, Iberdrola, Exelon
The global electric power generation, transmission, and distribution market is expected to decline from $3456.5 billion in 2019 to $3424.6 billion in 2020 at a compound annual growth rate (CAGR) of -1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $4063.3 billion in 2023.
Electric power generation companies are increasingly using batteries to store solar energy during daylight hours. These energy-storage sites consist of large lithium-ion batteries. These batteries store enough energy to serve as a back-up in case of fuel shortages. They are designed to absorb solar power and feed it back to the grid. These systems minimize the need for capital intensive power generation plants, thereby enhancing transmission and distribution efficiencies and thus reduce operational costs. For example, San Diego Gas & Electric operations center has installed energy-storage systems with big batteries to store electric power. Arizona Public Service Co. has installed a $2 million battery system in Phoenix to store energy. In 2016, lithium-ion battery prices fell by 70% and are expected to shrink further in future, thus driving their use in power grids.
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Regions are covered By Electric Power Generation, Transmission, And Distribution Market Report 2020
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Influence of the Electric Power Generation, Transmission, And Distribution Market Report:
-Comprehensive assessment of all opportunities and risks in the Electric Power Generation, Transmission, And Distribution market.
-Electric Power Generation, Transmission, And Distribution market recent innovations and major events.
-Detailed study of business strategies for the growth of the Electric Power Generation, Transmission, And Distribution market-leading players.
-Conclusive study about the growth plot of the Electric Power Generation, Transmission, And Distribution market for forthcoming years.
-In-depth understanding of Electric Power Generation, Transmission, And Distribution market-particular drivers, constraints, and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Electric Power Generation, Transmission, And Distribution market.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Electric Power Generation, Transmission, And Distribution Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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