Power Sector Market 2022 : By Trends, Latest Research Analysis and Forecast Till 2030

Quadintel published the latest research report on the Power Sector market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Power Sector market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

India ranks third among all the electricity-producing countries and second in consuming electricity globally. The countrys installed power capacity was 392.02GW as of 2021. Power is an inevitable component in the growth of the economy and nation. Indias power generation portfolio involves various conventional sources such as coal, natural gas, oil, and renewable sources such as hydro, wind, solar, and waste. The major players include Adani Power Limited, CESC Limited, Damodar Valley Corporation, and NTPC Limited.

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Market insights:

India is the third largest producer of electricity in the world. In FY 2021, year-on-year power generation dropped by -2.49% due to the economic slowdown. The electricity market faced a demand deficiency of -3.18 Bn Units, with a CAGR of 4.00% in FY 2021. The peak demand also declined by -0.80 GW, with a CAGR of 4.52%.

Segment insights:

In India, electricity generation primarily depends on thermal sources (coal, lignite, gas, and diesel). Thermal power generation accounts for 59.8% of the total production capacity. The country also has several renewable energy sources such as hydro, wind, and solar. The hydro and other renewable power sources have 11.9% and 26.5% share, respectively. Furthermore, India has a nuclear power generation capacity of 6.78 GW. Total Installed Generation Capacity of private, central, and state sectors account for 48.4%, 25.1%, and 26.5%, respectively.

COVID-19 impact analysis:

The pandemic and the resultant lockdown in 2021 imposed by the government hampered the power sector. Several industrial and commercial activities were stopped due to the lockdown, leading to a huge fall in the demand for electricity. During the lockdown, officegoers adopted remote working, increasing residential power demand. Electricity distribution companies also faced financial issues. The lockdown in 2021 also caused disruptions in coal mining, leading to a shortage of raw materials. In 2020, during the first lockdown the Government of India stopped all trade relations with China, therefore solar PV modules and electricity generation equipment are scarce. Consequently, there was a rapid fall in electricity demand during the lockdown.

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Table of Contents:

Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types
What aspects regarding the regional analysis Market are included in this report?

Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region.
The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
The report offers detailed analysis of leading companies in the market across the globe.
It provides details of the major vendors involved in the Market including Key Players
A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
the manufactured products is incorporated in the report.
The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

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