Take up Global Electric Power Generation, Transmission, And Distribution Market Opportunities with Clear Industry Data – Includes Electric Power Generation, Transmission, And Distribution Market Outlook
The Business Research Company’s report goes into great detail on the electric power generation, transmission, and distribution market size and growth, electric power generation, transmission, and distribution market regional analysis, electric power generation, transmission, and distribution market competitive landscape, and other critical information needed to excel in the electric power generation, transmission, and distribution industry.
Major players in the electric power generation, transmission, and distribution market include Electricite De France SA, Enel SpA, Tokyo Electric Power Co Holdings Incorporated, E.ON SE, Korea Electric Power Corporation, State Power Investment Corporation, Iberdrola, Exelon Corp, Engie, and Duke Energy Corp.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global electric power generation, transmission, and distribution market size is expected to grow from $4,091.77 billion in 2021 to $4,433.15 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The growth in the electric power generation, transmission, and distribution market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric power generation, transmission, and distribution market is expected to reach $5,932.43 billion in 2026 at a CAGR of 7.6%.
Asia Pacific was the largest region in the electric power generation, transmission, and distribution market in 2021.
The electric power generation, transmission, and distribution market consists of sales of electric power by entities (organizations, sole traders and partnerships) that generate, transmit, and/or distribute electric power. Establishments in this market are engaged in operating generation facilities that produce electric energy; operating transmission systems that convey the electricity from the generation facility to the distribution system; or operating distribution systems that convey electric power received from the generation facility or the transmission system to the final consumer.
The power generation industry is expected to see increased investment activity in the forecast period. Investments in microgrid technology, renewables and other advanced technologies are expected to drive the market.
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.
TBRC’s global electric power generation, transmission, and distribution market report is segmented:
By Type: Electric Power Transmission, Control, And Distribution, Power Generation
By End-User: Residential, Commercial, Industrial
By Type of Operator: Public Operator, Private Operator
Subsegments Covered: Electric Power Distribution, Electric Bulk Power Transmission And Control, Hydro Electricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity
The Electric Power Generation, Transmission, And Distribution Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the electric power generation, transmission, and distribution market globally and regionally, analyzes and forecasts market size, share, electric power generation, transmission, and distribution market players, electric power generation, transmission, and distribution market segments, leading competitor revenues, profiles and market shares.
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