Electric Power Generation, Transmission, And Distribution Global Market To Reach Value Of $4.5 Trillion In 2025

1 Mar, 2021

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 are engaged in operating generation facilities that produce electric energy; operating transmission systems that convey the electricity from the generation facility to the distribution system; or operating distribution systems that convey electric power received from the generation facility or the transmission system to the final consumer.

Global Electric Power Generation, Transmission, And Distribution Market Size And Drivers:

The global electric power generation, transmission, and distribution market is expected to grow from $3.26 trillion in 2020 to $3.45 trillion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The market is expected to reach $4.52 trillion in 2025 at a CAGR of 7%. The power generation industry is expected to see increased investment activity in the forecast period. Investments in microgrid technology, renewables and other advanced technologies are expected to drive the market.

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Trends In The Global Electric Power Generation, Transmission, And Distribution Market

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.

Global Electric Power Generation, Transmission, And Distribution Market Segments:
The global electric power generation, transmission, and distribution market is further segmented based on type, end user, type of operator and geography.
By Type:Electric Power Transmission, Control, And Distribution, Power Generation.
By End-User:Residential, Commercial, Industrial.
By Type of Operator:Public Operator, Private Operator.
Subsegments Covered:Electric Power Distribution, Electric Bulk Power Transmission And Control, Hydro Electricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity.
By Geography:The global electric power generation, transmission, and distribution market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global electric power generation, transmission, and distribution market, accounting for 44% of the total market.

Read More On The Report For The Global Electric Power Generation, Transmission, And Distribution Market At:


https://www.thebusinessresearchcompany.com/report/electric-power-generation-transmission-and-distribution-global-market-report-2020-30-covid-19-impact-and-recovery

Electric Power Generation, Transmission, And Distribution Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides electric power generation, transmission, and distribution market overviews, analyzes and forecasts market size and growth for the global electric power generation, transmission, and distribution market, electric power generation, transmission, and distribution market share, electric power generation, transmission, and distribution market players, electric power generation, transmission, and distribution market segments and geographies, electric power generation, transmission, and distribution market’s leading competitors’ revenues, profiles and market shares. The electric power generation, transmission, and distribution market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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