Lucintel: APAC To Drive Global Utilities Industry As Market Reaches US $4,372B In 2017
The Global Utilities industry is expected to witness modest growth during 2012-2017 as it is forecast to reach an estimated US $4,372B in 2017 with a CAGR of 3.9% over the next five years.The European region dominates the Global Utilities market, but Asia Pacific is expected to lead the industry over the forecast period.
Lucintel, a leading global management consulting and market research firm, has analyzed the Global Utilities industry marketand presents its findings in “Global Utilities Industry 2012-2017: Market Trend, Profit, and Forecast Analysis.”
The Global Utilities sector offers services such as electric power, natural gas, and water supplies as well as sewage removal through a permanent infrastructure of lines, mains, and pipes. The sector consists of electricity, natural gas, and water utilities.Electric utilities are the main segment of the Global Utilities industry. Population and economic growth, particularly in developing countries, are driving the demand for utilities.
Improving economic conditions, especially in emerging economies such as APAC,are expected to have a major impact on the industry. APAC is expected to be the fastest-growing consumption market based on its continued rapid economic growth.China and India are likely to play significant roles in rising energy demand globally.
Lucintel’s research indicates that aging infrastructure creates a major obstacle that can contribute catastrophic increases in power failure rates, and enormous maintenance and replacement costs.Additionally, aging pipelines cause water loss through leakage and other operational issues. An aging workforce presents another major challenge as utilities companies require skilled a work force.
This study provides a concise overview of the Global Utilities industry. The report considers only end-user volumes; that is, final consumption. This study does not include generation and transmission nodes in electricity; production and transportation in natural gas and water extraction is also excluded. The report tracks three industry segments for four regions; thus, it tracks 12 segments of the Global Utilities industry. The scope of this study is limited to annual trends for the past five years and forecasts for the next five years.
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