Published on : Dec 02, 2016
ALBANY, NY, Dec 02, 2016: The research report, titled “ Thermal Power in the US, Market Outlook to 2030, Update 2016 - Capacity, Generation, Investment Trends, Regulations and Company Profiles,” assesses the various elements impacting the future growth prospects of the overall market. The report includes an examination of drivers and restraints in the U.S. thermal power market. The document includes information that has been compiled using primary and secondary research methodologies. The microscopic view of the market allows the readers to understand the market with absolute clarity.
According to research analysts the demand for thermal power across the U.S. is expected to spike in the coming years as the country is vying to reduce its carbon footprint. In the coming years, the country is expected to witness growing number of power plants, refurbishment of old ones, and shift toward energy-efficient models. The overall market is likely to be driven by the high dependence on coal-fired power plants. Though coal has been the conventional choice for operating thermal power plants, several companies are showing a strong inclination towards gas due to growing pressure to reduce emissions. The growing environmental concerns are expected to play a major role in deciding the future of the U.S. thermal power market in the coming years.
In the coming years, the uptake of thermal power across the U.S. will be determined by the increasing demand for electric power. The wide availability of coal, increasing public and private investment in infrastructure projects, changing standard of living, and recovery of overall economy are expected to make a significant contribution to the demand for thermal power all across the U.S. Analysts predict that the demand is also likely to soar due to rapid industrialization and relentless urbanization. Upgrades and modernization are also projected to have a major impact on the overall market in the coming years.
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The research report also segments the market on the basis countries, application, and resources. The segmentation identifies the strengths, weaknesses, opportunities, and threats that influencing the segments of the market. This helps in underlining the factors that will propel the thermal power uptake in certain countries, while curb the same in a few others. The research report also explains the regulatory framework that is likely to shape the future of the thermal power consumption all across the U.S. in the coming years.
Some of the leading players operating U.S. thermal power market are Tennessee Valley Authority, Indiana Michigan Power Company, NRG Energy, Inc., Georgia Power Company, DTE Electric Company, Florida Power & Light Company, American Electric Power Company, Inc., and Appalachian Power. The research report has profiled these players and offered a complete analysis of the competitive landscape. The research report also includes an insightful take on the research and development activities, business and marketing strategies, and financial outlooks of these companies for the coming few years.
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