Utilities Global Market Report 2018

Starting Price : $ 8000.00 | Pages : 600 | Published : February 2018

SKU CODE : 3310 | Format :

The utilities industry is one of the largest and fastest growing industries in the world. The term utilities refers to electricity, natural gas, water and sewerage services consumed by the public, hospitals, schools and other institutions, agriculture, factories and commercial establishments. In some countries these services are provided commercially by national, state or municipal governments or by cooperatives; in many, however, they are provided by the private sector.

Asia Pacific was the largest region in the utilities market in 2017, accounting for around 39% market share. This was mainly due to presence to a large number of households and industries in Asian countries such as China, India and Japan.
Eastern Europe was the smallest region accounting for less than 2.5% market share. This was due to small market size, unfavorable national policies, political influence on pricing and lack of political support for renewables.

One of the major trends shaping the utilities market include energy storage in batteries. 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. In 2016, lithium-ion battery prices fell by 70% and are expected to shrink further in future, thus driving their use in power grids.
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