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Last updated on April 20, 2014 at 21:20 EDT

Global Utilities Industry to Reach US$4.6 Trillion by 2015, According to a New Report by Global Industry Analysts, Inc.

February 1, 2012

GIA announces the release of a comprehensive global outlook on the Utilities Industry. The global utility sector is growing in tandem with the recovery in most economies and rise in world population. Renewable power sources are the future of the industry driven by spiraling fuel prices, need for cleaner environment, and relatively strong competitive advantages in the marketplace.

San Jose, CA (PRWEB) February 01, 2012

Follow GIA on LinkedIn — Utilities are providers of public services such as supply of water, gas, or electricity either directly or through retailer networks. Utilities are vertically integrated at times, branching both into generation and distribution of services. With environmental issues gaining prominence, investments are increasing in the renewable energy sector. Investors are focused on energy sources such as solar power, wind, geothermal, bio-energy and water. The growing demand for renewable power sources is attributed to factors such as spiraling fuel prices, need for cleaner environment and relatively strong competitive advantages in marketplace.

The recession failed to dent growth in several utility sectors. Water utility market remained unfazed by adverse economic environment, as water is an essential prerequisite that drives industry activity and economic development. Electricity utilities continued to focus on the development of newer and environmentally safer technologies, as part of efforts to lower harmful emissions from coal-based power plants. Solar thermal power, given its environment friendly process of power generation, continues to make inroads into the thermal power industry. On the other hand, wind energy is benefiting from the increased availability of newer, cost-effective wind turbine technologies and the growing environmental awareness among consumers. Nuclear energy, having proved to be an apposite option for low-emission electricity generation in industrialized nations, is being preferred by developing countries due to the shortage of natural energy resources in their respective regions.

Electric/power utilities are entities engaged in the supply of electric power to residential, commercial and industrial consumers. The escalating global demand for electricity, need for eco-friendly and efficient technologies are driving the demand for alternatives to coal-based power plants. Explosive population growth, robust industrial activity, rising standards of living are contributing to the increased demand for electricity across Asian countries. In developed countries such as the US, the implementation of mandatory legislations is driving utility companies to produce a percentage of energy from renewable sources. These mandates have been adopted as part of efforts to reduce pollution and protect environment.

The research report titled “Utilities: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global utilities industry, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Canada, Japan, France, Germany, UK, China, India, Australia, and Brazil, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit —

http://www.strategyr.com/Utilities_Industry_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

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Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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For the original version on PRWeb visit: http://www.prweb.com/releases/prwebwater_gas_utilities/electric_energy_utilities/prweb9148712.htm


Source: prweb