Global Power Generation Market | 2022 Trends And Market Analysis By TBRC
ABNewsswire is a press release distribution service. On July 11, 2019, it released an article on the power generation market, sourced from TBRC`S Power Generation Market report.The power generation market is expected to grow at a growth rate of around 3% to nearly $1.5 trillion by 2022.Growth in the historic period resulted from increased consumption of electricity in residential segment, government initiatives and economic growth in emerging economies. Going forward, increasing use of electricity in transportation, economic growth and automation in manufacturing will drive growth. Factors that negatively affected growth in the historic period were high transmission and distribution losses, and stringent environment regulations on power generation.