What’s New with GlobalData's Power & Alternative Energy Reports14 Oct 2011 • by Natalie Aster
Market Publishers Ltd informs that new GlobalData's Power & Alternative Energy Reports have been added to its catalogue:
To meet the demand on power consumption, capacity expansion programs are been taken up in most of the countries of the region. In terms of consumption, UAE stood first among the ten countries with an annual consumption of 82,948 GWh in 2010. This was followed by Kuwait with consumption of 48,099GWh and Iraq with 42,462 GWh in the same year. Yemen stood last among the ten countries with an annual consumption of 4,827GWh in 2010. The UAE ranks sixth in the world in terms of proved natural gas reserves. Oil however has been primarily used in the region to produce electricity. Most of the governments are aiming to increase generation from gas-fired plants in order to free oil resources for exports. Moreover Middle East region has witnessed high level of emissions in the past. The emission control regulations in this region have not been very strong in spite of this. In the future however it is expected that the laws would get more stringent and cleaner fuels would be preferred over traditional sources of electricity generation. Most of the countries in the region are therefore focusing on developing more natural gas power plants in the Middle East region.
Hydropower is getting enormous support from various governments around the world through favorable policies and incentives. The global hydropower market continued its growth traction in 2010 by adding nearly 38.7 Gigawatts (GW), resulting in a year-on-year growth of 3.8%. Of all the renewable energy sources, hydropower is one of the most widely used, as it is inexpensive and is the oldest form of renewable energy. Hydropower accounted for 76.5% of global renewable power installed capacity as of 2010. The global hydropower installed capacity increased at a Compounded Annual Growth Rate (CAGR) of 3.5% during the period 2006-2010. The global installed capacity increased from 897 GW in 2006 to 1,031 GW in 2010. With support from various governments, the global hydropower industry is expected to grow at a CAGR of 3.4% during the forecast period of 2011-2020, thereby reaching 1,443 GW by 2020. Supportive government policies towards renewable power generation will be the key catalyst for the global hydropower market. In 2010, the top hydropower countries in the world accounted for 62% of the global installed capacity. China is the market leader in the global hydropower market, representing nearly 21% of the global installed capacity.
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