DUBLIN--(BUSINESS WIRE)--The "Emergence of COVID-19: Impact on Energy and Power Industry" report has been added to ResearchAndMarkets.com's offering.
The energy and power industry is power house of global economy providing electricity and energy solutions to all other sectors.
In the period of Covid-19 crises in 2020, energy and power supply has taken a brunt yet been critical resource for undertaking manufacturing of necessary commodities, running medical facilities, and facilitating online learning. The crisis has affected emerging markets such as India, Brazil, Mexico, Peru, and Turkey the most, as the demand declined, financial burden piled up, and collapse of power supply chain.
In the pre-COVID-19 scenario, the energy and power sector witnessed a turbulent growth technology and usage of renewables such as wind, solar, hydropower and others along with reduction in prices and increasing awareness and concerns regarding global warming, climate change, ozone depletion and other detrimental factors. The supply process has been simple with increased efficiency in transmitting the generated energy to distribution networks which then supplied to the end users. The energy and power industry has been inviting investments from private sector which increased competition and with the increase in suppliers, the cost reduced. Furthermore, the nations have strengthened the regulatory framework to reflect credibility on pricing, and promoting renewable energy.
In Covid-19 scenario, with the series lockdown at global level have resulted in drastic decline in demand across commercial and industrial sectors due to falling economic activities. The prices of oil have been volatile as with decline in demand the oil prices have taken a setback which has helped oil importing nations to stock their reserves. The prices of natural gas continued to remain low which was already low before pandemic situation. While the other renewable sources prices in the global markets have dropped significantly to zero.
During the complete lockdown situation, though with decline in the usage of conventional energy and power sources, there has been positive impact on the environment leading to clean air with reduced industrial emissions, and automobile pollution. The renewables have witnessed growth mainly contributed by solar and wind energy resource. But the lockdown has also led to downsizing and unemployment, due to which unemployed people may not pay their dues which may result in revenue collection uncertainty leading to financial challenges in energy and power supply chain.
With the unlock series, the demand for the energy is met by increasing the production of thermal energy, natural gas, as the prices remains low it can even roll out renewable resources for the time being. With the increase in use of energy and power sources, the emission and carbon footprint increased. The government have intervened to keep the supply of power going during revival of economy out of the critical times.
The revival phase of the industries is witnessing slow growth as the corporates have suspended capital and non-essential expenditures in energy and power sector. The pipeline projects delayed with additional execution costs for complying with preventive measures. The supply chain has been affected as the power equipment manufacturing has taken a setback which may require substantial time to get back on the normalized track.
Key Topics Covered:
1. Introduction
1.1. Market Definition
1.2. Methodology & Assumptions
1.3. History of Pandemics
1.4. The Corona Virus
1.4.1. What is Corona Virus?
1.4.2. Cause?
1.4.3. Diagnosis
1.4.4. Prevention
1.4.5. Epidemiology
2. Covid-19 Scenarios
2.1. Scenario-1
2.2. Scenario-2
3. Executive Summary
4. Economic Impact of Covid-19
5. Global Energy and Power Industry
6. Global Energy and Power Industry by Segment and Country
6.1. Coal
6.1.1. Coal Sector Revenue by scenario and country
6.2. Electricity
6.2.1. Electricity Sector Revenue by scenario and country
6.3. Gas
6.3.1. Gas Sector Revenue by scenario and country
6.4. Nuclear
6.4.1. Nuclear Sector Revenue by scenario and country
6.5. Oil
6.5.1. Oil Sector Revenue by scenario and country
6.6. Renewables
6.6.1. Renewables Sector Revenue by scenario and country
7. Recent News and Development
8. Company Profiles
8.1. State Grid Corporation of China
8.2. TEPCO
8.3. EON
8.4. Siemens
8.5. General Electric Co
8.6. Iberdrola
8.7. Engie
8.8. KEPCO
8.9. EDF
8.10. Enel
For more information about this report visit https://www.researchandmarkets.com/r/a6dsfi
