1. Market Research
  2. > Energy & Environment
  3. > Energy Market Trends
  4. > Electric Power

Breakthroughs that will re-shape one of the greenest industry on earth

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
2 votes

Global Electricity Market

In 2011, worldwide capital spending on electric power generation infrastructure is predicted to hit close to $404 billion based on research by Visiongain.

By 2014, the global electricity market should have a projected worth of $2,694 billion, climbing over 68% in five years to consumption of nearly 20,000 Terawatt-hour (Twh), according to calculations from MarketLine. Industry-related electric power needs represent almost 38% of the global electricity market’s overall worth.

In the two decades ending 2008, net electricity generation grew at a yearly rate of 3% while delivered energy consumption grew under 2% in the same period, according to the US Energy Information Administration (EIA). Electric power demand is growing at almost 2.5% annually and is forecast to continue at this rate until 2035. The EIA expects new electricity generation will grow almost 85% to close to 26 trillion kWh in 2020 and over 35 trillion kWh in 2035. In 2010, global electric power demand rose almost 5.5%.

Electric Power Equipment

The global electric equipment market segment - including power cables, wires and electrical switchgear - saw total revenue of over $179 billion last year, with power cable sales the strongest sub-segment generating $46 billion. MarketLine research shows that with an expected compound annual growth rate of more than 4% over the next four years, the global electric equipment market value should reach $219.5 billion before 2016.

Key Regional Market Share

The fastest rate of growth in global electricity demand in 2010 was in non-OECD countries, with a 10% jump. According to the EIA, more than a fifth of the global population, or almost 1.5 billion people, lacked electric power in 2009. Over 70% of sub-Saharan Africa’s population has no electric power. Getting electricity to underpowered areas can be a rapid process. The Vietnamese government put an electrification initiative into action that saw the number of rural homes with electricity jump from 50% in 1996 to 95% 12 years later.

Just under half the world’s electric power supply was used by non-OECD countries in 2008. This level of consumption is expected to rise to 60% by 2035. Non-OECD nation electricity generation is rising at an annual rate of almost 2.5%. The generation rate in China and India is above average at 4%, expected to remain steady up to 2035. In the same period, electricity generation in OECD countries will around 1%.

The global electric power market is moderately competitive, though Asia-Pacific represents over 40% of the market with China Southern Power Grid a top provider at over 12% of the market in terms of volume, according to MarketLine.

Non-OECD Net Electricity Generation by Region, *In Trillion Kilowatthours, 1990-2035  

Electricity Supply Sources

Coal is the top energy source for the generation of electric power, representing 40% of the global supply of electric power; coal is set to fall to 37% by 2035, according to the EIA. The use of oil has been falling steadily due to high prices. Environment-conscious governments are turning away from fossil fuels in favor of renewable energy. Consumption of renewable energy is set to continue increasing at its current rate of over 3% to 2035. Renewable energy is followed by gas, growing at over 2.5% annually, and nuclear at just under 2.5%.

 World Net Electricity Generation by Fuel *In Trillion Kilowatthours, 2008-2035

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 6 900 reports

Global Electric Power Industry Forecast

  • October 2015
    23 pages
  • Electric Power  

  • World  

View report >

Electric Power Market Analysis in the US

  • January 2016
    28 pages
  • Electric Power  

  • United States  

    North America  

View report >

Electric Power Markets in the UK and Europe Forecast

  • January 2016
    20 pages
  • Electric Power  

  • United Kingdom  

    Europe  

View report >

Electric Power Industry in Kazakhstan and Asia Forecast

  • September 2015
    25 pages
  • Electric Power  

  • Kazakhstan  

    Asia  

View report >

Electric Power Statistics in Japan Monthly Update

  • January 2016
    13 pages
  • Electric Power  

  • Japan  

View report >

Electric Power Industry in France Forecast

  • December 2015
    6 pages
  • Electric Power  

  • France  

    Europe  

View report >

Electric Power Industry in Germany

  • October 2015
    22 pages
  • Electric Power  

    Uninterrupted P  

  • Germany  

View report >

Electric Power Industry in Italy

  • November 2015
    24 pages
  • Gas  

  • Italy  

    Europe  

View report >

Electric Power Markets in the UK

  • February 2016
    7 pages
  • Electric Power  

  • United Kingdom  

View report >

Search in Electric Power Industry (About 6 900 reports)
Parent industry: Energy
Related industries: Renewable Energy, Oil and Gas Energy, Nuclear Energy, Coal Energy

About 2 500 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 63 - $ 4 950)

Technology Breakthroughs Shaping the Future of Power-to-Gas 

Technology Breakthroughs Shaping the Future of Power-to-Gas 

  • $ 4 950
  • Industry report
  • December 2015
  • by Frost & Sullivan

Technology Breakthroughs Shaping the Future of Power-to-Gas : Converting Excess Electricity into Hydrogen or Methane Power-to-gas is a concept to convert surplus of electricity either from renewable o ...

Customer Experience Management Study—australia’s Re ...

December 2015 $ 4 900

Smart Grid Data Analytics Market - Global Industry Ana ...

November 2015 $ 4 795

Gas Turbines Market By Design Type, Rated Capacity, App ...

January 2016 $ 4 650

Advanced Metering Infrastructure Market By Devices, Sol ...

December 2015 $ 4 650

Gas Insulated Switchgear Market By Type, Sub-type, End- ...

December 2015 $ 4 650

Steam Turbines Market By Type, By Rated Capacity, By Ex ...

November 2015 $ 4 650

Power Transformer Market By Rating, Medium Power Transf ...

November 2015 $ 4 650

Electric Motor Sales Market By Type, By Voltage, By Out ...

November 2015 $ 4 650

Business Strategy: Managing Distributed Energy Resource ...

December 2015 $ 4 500

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.