Project Insight - Global Power Generation Construction Market

The Project Insight - Power Generation Construction Projects Market has witnessed continuous growth in the last few years and is projected to grow even further during the forecast period of 2020-2025. The exploration provides a 360 view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

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Project Insight - Global Power Generation Construction Projects
The global power generation projects pipeline, as tracked by Global Data's Construction Intelligence Center (CIC), is worth US$4.46 trillion. Asia-Pacific dominates, with a project pipeline (including all projects from announcement to execution stage) valued at US$1.99 trillion, followed by the Middle East and Africa with projects valuing US$960.0 billion. The Americas has power generation projects with a value of US$852.3 billion, while the pipeline for Europe is valued at US$739.5 billion; these projects will provide an additional 2,450GW of power capacity globally.

Increased industrialization in the developing countries of Asia-Pacific and the Middle East and Africa, together with mass urbanization, has increased the demand for reliable energy sources. Global consumption of energy in 2017 reached 13,511 million tonnes oil equivalent (Mtoe), according to the BP Statistical Review. Asia-Pacific accounted for the highest share with 5,744 Mtoe, followed by the Americas with 3,473Mtoe, Europe and Eurasia with 2,948 Mtoe and the Middle East and Africa with 1,347 Mtoe.
The directives relative to renewables are reflected in the energy mix in the power generation construction projects pipeline. Global Data is currently tracking power generation construction projects in Europe with a total value of US$693.2 billion, which includes projects from the announced to execution stages. Western Europe's project pipeline totals US$380.2 billion, ahead of Eastern Europe with US$313.0 billion.
The report provides analysis based on CIC projects showing total project values for Global markets and the regions and analysis by stage and funding for the top ten countries. The top 50 projects are listed giving country, stage, value and type of power generation construction. Values by ten types of project power categories are given including nuclear, wind, coal and biomass. Power generation capacity (MW) analysis is also provided. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners.

The Project Insight - Global Power Generation Construction Projects Market study covers current status, % share, future patterns, development rate, SWOT examination, sales channels, to anticipate growth scenarios for years 2020-2025. It aims to recommend analysis of the market with regards to growth trends, prospects, and player's contribution in the market development. The report size market by 5 major regions, known as, North America, Europe, Asia Pacific (includes Asia & Oceania separately), Middle East and Africa (MEA), and Latin America and further into 15+ country level break-up that includes China, the UK, Germany, United States, France, Japan, batch of Southeast Asian & Nordic countries.

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Scope
- China has the largest pipeline of power generation construction projects, with a total of value of US$473.9 billion, according to GlobalData, followed by India with US$433.2 billion. The US has a projects pipeline valued at US$365.5 billion.
- The global power generation projects pipeline has a large share of projects at the early stages, with 12% at pre-planning and 45% at the planning stage. Projects at the pre-execution stage (design, tender and EPC award) account for 12% of the total, while the remaining 33% are in execution. Assuming all projects tracked go ahead as planned, annual spending will reach US$863.9 billion in 2020, and reduce to US$768.7 billion in 2021.
- Private investment is responsible for the funding of the highest proportion of projects, accounting for 41% of the total, with public funding at 33%, and the remaining 26% of projects being financed jointly by public and private funding.
- Nuclear power projects account for the largest share of construction projects by value globally, according to Global Data, with a combined project pipeline value of US$890.6 billion.
- Asia-Pacific accounts for the largest shares of the global project pipelines for nuclear, coal, hydroelectric, geothermal and biomass power generation construction projects. Notably, it accounts for 77% of the pipeline of coal power projects.
- Europe has the highest value of wind projects, which demonstrates the effect of the Renewable Energy Directive on the EU28 countries in adopting more renewable energy sources.

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