Energy & Power Market Research Reports

The Global Energy and Power market is set to witness an industry boom in the times ahead. Government and industry are increasingly focusing on waste management initiatives and going ‘Green’, bringing about a change in the way markets view energy and power. Stronger commitments across economies, increasing regulatory compliances and heavy pollution-control measures are driving industries to adopt alternative energy sources. Governments across the globe are now placing a strong emphasis on renewable energy projects, particularly solar and wind, out of concern that there is an unprecedented reliance on fossil fuels and unrelenting energy prices. There is increased focus on better grid management to avoid network losses, and smart metering in both private and public projects. Governments of developing economies are also relaxing norms pertaining to foreign direct invesment and private investments in renewable projects. Energy management software, virtual audits, bio-based production, and focus on elimination of dependability on conventional resources have played a vital role in shaping the energy and power industry.

The industrial use of natural gas, both as a fuel and a feedstock is set to expand at an average annual growth rate of 3 percent and estimated for almost half of the rise in global consumption through to 2024. Power generation remains the largest consumer of natural gas, in spite of slower growth due to strong competition from renewables and coal. Furthermore, solar power, which has seen a significant increase in capacity investments in the last decade, is set to drive the global investment in new renewable energy capacity to over USD $2.5 trillion by the end of 2019. Recent global data analysis has also revealed that gas accounted for almost half the increase in primary energy consumption worldwide. This demand is expected to grow to more than 10 percent over the next five years to reach more than 4.3 trillion cubic metres in 2024, owing to its capability of reduced air pollution and limiting the rise in energy-related CO2 emissions by displacing coal and oil in power generation.

Global Market Studies’ Energy and Power Market research reports offer extensive research on global energy and power market trends to give our clients a macro and micro insight into the energy market growth through the use of data refining, end-use market analysis and energy industry analysis. We also provide data on the market share of key players and a detailed analysis of their strategies on the sub-sectors of non-renewable, convention energy, renewable energy, power generation, utilities, bio-fuels, power generation, transmission and distribution, offshore oil and gas, drilling services and equipment, among others.

Contact us at Global Market Studies for more information on our offerings in the Energy and Power market.