Power Generation Market Trends and Forecast 2016 - 2024 | Page 2

REPORT DESCRIPTION

Global Power Generation Market: Overview
Power generation is one of the most important utilities in any modern community. The power generation industry has the
two key tasks of producing power and distributing it within a predefined network. Both these aspects are being researched
heavily in present times due to their significant direct impact on human life. Thus, gaining new investment in order to
improve generation and distribution processes and hence come up with progressive designs for the overall electric power
system (EPS) is likely to remain a key aim of the global power generation market in the coming years.
The report studies in detail the historical growth trajectory exhibited by the global power generation market in the last few
years. The market’s 2013 figures are assessed in detail in order to provide readers with an understanding of the recent
happenings in the industry. The report also analyzes the segmentation of the global power generation market to shed light
on the hierarchy of the market by various criteria. In addition to this, the competitive dynamics of the global power
generation market are also assessed in the report by profiling the leading players operating in the market.
Browse Report with Full TOC at : http://www.transparencymarketresearch.com/power-generationmarket.html
Global Power Generation Market: Trends and Opportunities
The growing global population is the key driver for the global power generation market. Aided by the rapid urbanization in
emerging regions, the rising number of consumers has resulted in a steady rise in the demand for electricity. This has
forced governments across the world to take proactive steps to ensure steady power supply in their jurisdiction, leading to
a steady influx of investment into the power generation industry. This is likely to remain a leading driver for the global
power generation market in the coming years.
The rapid economic growth observed in emerging countries such as India, China, Brazil, Thailand, Taiwan, South Korea,
Indonesia, Argentina, South Africa, Russia, and Mexico has created promising prospects for the global power generation
market. Most of these countries are witnessing large-scale urbanization, driving the demand for power generation and
distribution infrastructure.
The rising demand for smart grids is likely to be a key feature of the development of the global power generation market
in the coming years. Smart grid technologies are becoming popular across the world due to the significant benefit they
provide in terms of efficiency and reliability. Smart grids are already in use in developed regions such as North America
and Western Europe, and are likely to enjoy rising adoption in developing countries in the coming years. This is a key