Power Generation Market Size, Growth and Forecast 2018 to 2021

The research report presents a comprehensive assessment of the Power Generation market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and deal landscapes.

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Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Power Generation market. This research report offers in-depth analysis of the market size (revenue), market share, major market segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges.

Key Highlights
- Being boosted by a strong solar PV market and good wind growth, renewables accounted for almost two-thirds of net new power capacity around the world in 2016, with almost 165 gigawatts coming online and annual growth of around 8%. Due to the rapid manufacturing and government subsidies in China, Solar is providing the majority of new growth within the renewables market because in the last few years it has become a very attractive replacement for old technologies that are going offline, due to new low costs and better technology. Overall though, solar represents a very small portion of renewables globally and technologies such as wind and hydro are much more prominent in the energy mix.
- For the world’s biggest tech firms, securing an environmentally friendly image is crucial to their business plans. As a result many big firms have made significant commitments to use only renewable energy sourced electricity for their facilities and data centers. This comes after a number of campaigns from organizations like Greenpeace that pointed out that data centers require enormous amounts of energy, which in the past was being fulfilled by conventional energy sources.
- Whilst solar technology attracts a great deal of attention in the media, of the main renewable variants hydroelectric is by far the largest provider of electricity at present globally, representing around 65% of all renewable energy production. Its popularity comes from the consistent and high capacity electricity that hydroelectric dams can deliver. For instance the world’s very largest off shore windfarm when finished in 2020 will have a potential capacity of 1.2GW and represents the biggest and most modern wind technology project

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This report provides in-depth analysis of the Power Generation and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2018 – 2021, considering 2017 as the base year. It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. This study also provides key insights about market drivers, restraints, opportunities, new product launches, approvals, regional outlook, and competitive strategies.

Scope of The Report
• Examine what's happening in the power generation industry at present.
• See how different technologies are adapting to a new business environment.
• Learn which energy generation technologies are the strongest at present and the best option for countries.
• Analyse the big trends in the industry and the players capitalising on them.

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This release was published on openPR.