Renewable Energy and Digitization to Transform the Power Generation Industry

Published on : Nov 12, 2018

Albany, New York, November 12, 2018: The way electricity is generated is rapidly changing and the change is due to the cost of power generation and climate change. Factors such as the expansion of wind and solar power generation across the world, access to cheap coal have resulted in coal-based power generation in Asia-Pacific countries including Australia, China, and Indonesia. Innovation and technological advancement has made power generation, distribution, and transmission simple. Digital technology is growing exponentially in the power generation industry by optimizing operations and reducing unplanned outages.

Aforementioned insights are according to the report titled “Power Generation Global Industry Guide 2013-2022”. The report has been incorporated into the Market Research Hub (MRH) repository. Increasing demand for electricity worldwide is resulting in the growth of renewable energy resources. Meanwhile, Japan and the US are looking for opportunities in power generation technology through nuclear sources.

Generating power through sources such as gas-fired combined heat, roof-mounted solar panels, diesel-based generators, and power plants are gaining popularity among commercial, industrial, and residential consumers. Meanwhile, fall in the price of natural gas has led to an increase in demand for gas over coal in the power generation industry in the US.

Power Generation Market- Report Summary

The report on the power generation market provides key insights on the market. The report begins with the chapter including information on the market dynamics impacting current future growth in the power generation market. Qualitative and quantitative information including market size and market share in terms of value and volume is also provided in the report.

The scope of the report on power generation market is to provide detailed analysis and data. The report also includes market overview, market segmentation, and regional analysis of the power generation market. Data offered in the report includes market size, along with the textual and graphical analysis of the key players in the market and the growth trends.

Power Generation Market- Research Methodology

The report on the power generation industry is drafted using a unique research methodology. The methodology forms the basis for the forecast provided on the power generation market. The conclusions in the report are based on primary and secondary research. The currency conversions are also calculated by leveraging constant annual exchange rate.

The detailed profiles of the leading players in the power generation market have also been provided in the report. Details include operations by the players in the market in various regions and financial performance of the players in the power generation market.

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