Frost & Sullivan: Balance in Global Power Generation to Tilt Towards Developing Nations

Frost & Sullivan: Balance in Global Power Generation to Tilt Towards Developing Nations PR Newswire LONDON, Nov. 8, 2012 - India and China set to dominate, gas to experience highest growth rates among fuels as coal's prominence fades LONDON, Nov. 8, 2012 /PRNewswire/ -- Over the next two decades, the traditional developed regions will lose ground in electricity demand to emerging markets. Rapid urbanisation and the creation of a middle class will drive electricity consumption in these economies as a wealthier population takes up electric appliances that are considered standard in the developed world. The bulk of this growth is anticipated to come from India, China and ASEAN, with the combined share of these three regions rising from 27.5 percent in 2010 to 40.1 percent in 2030. The power generated by China is forecast to exceed that of North America by 2015. New analysis from Frost & Sullivan (http://www.energy.frost.com), Annual Global Power Generation Forecasts 2012, finds that during the current decade, gas will see the highest growth rate among the major fuels. Nuclear power, despite some delays after the Fukushima disaster, will also expand strongly due to the large number of nuclear plants currently under construction, particularly in Asia. Strong growth also is projected for renewable energy, with non-hydro renewables (wind, solar PV, CSP, biomass, geothermal and marine) substantially expanding their share of power generation over the next two decades.