Electrical & Power Generation, Products, Equipment

udi directory of electric power producers and distributors 2018 platts udi directory of electric powerThe electrical equipment market is segmented into electric lighting equipment; Electrical & Power Generation, Manufacturing household appliances;  power generation, transmission and control; batteries and wires and cables.
The global electrical equipment market is expected to grow from $1179.97 billion in 2020 to $1271.11 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1661.61 billion in 2025 at a CAGR of 7%. Continue Reading

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Batteries, Chambers & Enclosures, Electrical Components, Electrical Equipment, Enclosures, Fuel Cells, Fuels, More...

The electrical equipment market is segmented into electric lighting equipment; household appliances; power generation, transmission and control; batteries and wires and cables.

The global electrical equipment market is expected to grow from $1179.97 billion in 2020 to $1271.11 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1661.61 billion in 2025 at a CAGR of 7%. Continue Reading >>>

Asia Pacific was the largest region in the global electrical equipment market, accounting for 45% of the market in 2020. Western Europe was the second largest region accounting for 22% of the global market. Africa was the smallest region in the global electrical equipment market.

The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electronic equipments. Technological development is a key for attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of electronic equipment manufacturing market during the forecast period. Advertise Here


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Aerospace Power Generation Systems, Aircraft Electrical Power Generation, Back Up Power Generation, Biomass Based Power Plants, Boiler Associated Equipment, Boilers, Co Generation Power Plant, More...

Power Generation, power generation pdf,

Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery (transmission, distribution, etc.) to end users or its storage (using, for example, the pumped-storage method).

Electricity is not freely available in nature, so it must be "produced" (that is, transforming other forms of energy to electricity). Production is carried out in power stations (also called "power plants"). Electricity is most often generated at a power plant by electromechanical generators, primarily driven by heat engines fueled by combustion or nuclear fission but also by other means such as the kinetic energy of flowing water and wind. Other energy sources include solar photovoltaics and geothermal power.

The global power generation market is expected to decline from $1166.9 billion in 2019 to $1147.9 billion in 2020 at a compound annual growth rate (CAGR) of -1.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $1332.3 billion in 2023.  Asia Pacific was the largest region in the global power generation market, accounting for 42% of the market in 2019. Western Europe was the second largest region accounting for 23% of the global power generation market. Africa was the smallest region in the global power generation market.  Digital technologies are increasingly making their way into the power generation industry. Digital technologies such as smart grids, sensors and smart meters provide companies and customers with an accurate and real-time account of power usage. These technologies help improve productivity, efficiency, safety, compliance and reliability in power generation, which results in improved asset management, planning, execution, and an improved level of service with high customer satisfaction.  Companies in the power generation industry that have adopted digital technologies include Duke Energy, Engie, National Grid and NextEra.

The major players in the global power generation market are EDF Group, Enel SpA, Engie S.A., E.ON SE, Uniper SE

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