Product Code: 2398-0885
BMI View: Global power capacity growth will be driven largely by efforts to meet electricity demand in
emerging markets and we expect Asia to be the key region driving the growth. Coal will maintain its role as
the dominant fuel source for the global power mix over the next 10 years, as emerging markets continue to
invest in coal as an economical means of meeting power demand.
- We expect significant investment in the power transmission and distribution (T&D) sectors across both developing and mature power markets in 2017. Public and private spending will focus both on new power lines and on the range of technologies that are turning the electricity grid into an increasingly digitised system.
- The uptake of battery storage, on a distributed and grid-scale level, will gain additional momentum over 2017. This will be the result of a continued decline in technology costs - as battery manufacturers' increase their economies of scale - as well as the ability of batteries to support supply-demand balancing that can help smooth the intermittency of wind and solar power.
- Global non-hydro renewables capacity will expand by almost 50% over the next five years, driven by falling technology costs, supportive policy and advancements in technology which are making renewable energy more viable in an increased number of markets. We expect total global non-hydro renewables capacity to total just over 1200GW by 2021, with Asia at the forefront of the expansion.
Table of Contents
BMI Industry View
- Table: Global Power Headline Forecasts
Global Forecast Analysis
- Power and Renewables Key Themes 2017
- Table: Power & Renewables Key Themes Roundup
- Renewables Global Growth Outlook: Key Drivers
- Table: POTENTIAL FALL IN GLOBAL WEIGHTED AVERAGE LCOE4
- Toshiba Woes Align With Negative Nuclear Outlook
Global Company Strategy
- Table: EDF - 2016 KEY FINANCIAL RESULTS
- Vestas Wind Systems
- Table: Series Of High-Profile M&A Deals Highlights Consolidation Trend
- Coal Displacing Oil As Gas Price Driver
- Methodology And Sources
- Industry Forecast Methodology
- Power Risk/Reward Index Methodology
- Table: Indicators - Explanation and Sources