Press release
Electric Power Generation, Transmission, And Distribution Market Value is Expected to Reach $4063.3 Billion by 2023 | Covid 19 Impact And Recovery
Electric Power Generation, Transmission, And Distribution Market
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.
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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 may perform one or more of the following activities: (1) operate generation facilities that produce electric energy; (2) operate transmission systems that convey the electricity from the generation facility to the distribution system; or (3) operate distribution systems that convey electric power received from the generation facility or the transmission system to the final consumer.
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.
Electric Power Generation, Transmission, And Distribution Market Segmentation: -
By Type
Electric Power Transmission, Control, And Distribution
Power Generation
By End-User
Residential
Commercial
Industrial
By Type of Operator
Public Operator
Private Operator
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Few Points From Table Of Content
1. Executive Summary
2. Electric Power Generation, Transmission, And Distribution Market Characteristics
3. Electric Power Generation, Transmission, And Distribution Market Size And Growth
4. Electric Power Generation, Transmission, And Distribution Market Segmentation
5. Electric Power Generation, Transmission, And Distribution Market Regional And Country Analysis
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.
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25. Electric Power Generation, Transmission, And Distribution Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Electric Power Generation, Transmission, And Distribution Market
27. Electric Power Generation, Transmission, And Distribution Market Trends And Strategies
28. Electric Power Generation, Transmission, And Distribution Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Electric Power Generation, Transmission, And Distribution Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Electric Power Generation, Transmission, And Distribution Market are Électricité de France, Enel; Engie, Iberdrola, Exelon
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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