DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/r33tjn/emerging_power_mar) has announced the addition of the "Emerging Power Markets in South-East Asia, Middle East and Africa to 2020 - Government's Restructuring Reforms Encouraging Private Participation will Enhance Price Competition and Efficiency" report to their offering.
Emerging Countries Require Massive Investment to Meet Future Power Demand.
The growing economies and population of emerging nations mean that huge investment is needed for these power markets to meet demand, according to a new report by energy sector analysts GBI Research.
The report* states that countries across South East Asia, Africa and the Middle East have been amending regulatory frameworks and embarking on privatization, as many of them are in serious need of external funding to ensure that their respective electricity industries are capable of dealing with the inevitable surge in demand.
The cumulative installed power capacity for these regions, according to 2012 estimates, will be 212 Gigawatts (GW). However, GBI Research expects this figure to shoot up to 349 GW by 2020, climbing at a Compound Annual Growth Rate (CAGR) of 6.4%.
The power market in South East Asia, Africa and the Middle East is currently dominated by thermal power, which accounted for almost 85% of total installed capacity in 2011. Renewable energy is expected to have a greater share of the power market in the future, with solar and wind power sectors in particular expected to expand, but the demands of these growing economies make a substantial reliance on renewables impractical.
The high capacity of thermal power compared to more sustainable forms makes it a more profitable and pragmatic solution. Consequently, the share of thermal power is only expected to decrease to 79.5% by 2020.
Companies Mentioned
- Abu Dhabi Water and Electricity Authority (ADWEA)
- Dubai Electricity and Water Authority (DEWA)
- EGAT
- Electricity Generating Public Company Limited (EGCO)
- Electricity Vietnam
- Federal Electricity and Water Authority (FEWA)
- First Philippine Holdings Corporation
- Glow Energy Public Company Limited (GLOW)
- IPPs
- National Power Corporation
- PT PLN
- Ratchaburi Electricity Generating Holding Public Company Limited (RATCH)
- Sharjah Electricity and Water Authority (SEWA)
For more information visit http://www.researchandmarkets.com/research/r33tjn/emerging_power_mar.