DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/h3kk6x/power_market_in) has announced the addition of the "Power Market in Key Countries (China, US, India, Germany, UK, Italy, Saudi Arabia and Brazil) - Capacity, Generation, Regulations Opportunities and Challenges to 2030" report to their offering.
Thermal is the Dominant Source of Power Generation
Thermal energy is the dominant source of power generation across the globe and is expected to remain so for the foreseeable future. With the exception of Brazil, all of the countries covered in this report, namely India, China, Saudi Arabia, the US, the UK, Italy and Germany, use thermal power as their main source of power generation. In India, China and Germany, the majority of the installed capacity is coal-fired. In 2012, more than 70% of India's power generation was estimated to have come from coal power alone, while China generated about 78% of its power through coal resources. Both India and China have substantial coal reserves, due to which their dependence on coal reserves is expected to continue. However, these countries are actively trying to increase the share of renewable resources in their power mixes and reduce their dependence on coal, because it is considered one of the dirtiest fuels for power generation. Germany has already witnessed a substantial increase in its renewable-based power generation. In 2012, renewable power accounted for 20.5% of its annual power generation.
The UK, Italy and Saudi Arabia generated the majority of their power using natural gas as the primary fuel. In the UK, gas-fired power plants were estimated to have constituted 49.5% of its installed thermal capacity, in 2012. The US has also witnessed a shift towards gas-fired power generation, due to the supply of gas increasing because of the discovery of shale gas reserves. The abundant availability and low price of natural gas in the US has encouraged utilities to use natural gas as a primary source of generation. Brazil generates the smallest share from thermal power, because it has huge hydropower potential.
Emerging Economies Expected to Witness the Largest Capacity Additions
China, India, Brazil and Indonesia are expected to witness the highest capacity additions of the countries studied. Because of the steadily increasing power demand in these economies, due to growing industrialization and improving standards of living as well as the increased use of electronic appliances, a need has arisen in these countries to expand their power capacity. For instance, in China, between 2000 and 2012, the total installed capacity increased at a Compound Annual Growth Rate (CAGR) of 11.9%. In the future, China plans significant capacity additions. From 2012 to 2030, its total capacity is expected to increase at a CAGR of 5.6%.
Key Topics Covered:
1.1 List of Tables
1.2 List of Figures
4 China Overview
5 The US Overview
6 India Overview
7 Germany Overview
8 The UK, Overview
9 Italy Overview
10 Brazil, Overview
11 Saudi Arabia, Overview
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