DUBLIN, June 19, 2013 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/j323wl/power_markets_in) has announced the addition of the "Power Markets in Western Europe to 2020 - Development of a Fully Integrated and Liberalized Electricity Market System to Increase Competitiveness and Improve Efficiency in the Region" report to their offering.
Renewable Energy on the Way up While Western Europe's Nuclear Share Depletes
To meet carbon emissions targets and reduce dependency on depleting fossil fuel reserves, the nations of Western Europe are beefing up their renewable energy generation, but significantly limiting growth within their nuclear power industries in the face of widespread public opposition.
According to the firm's latest report, the top 10 Western European power markets will increase renewable installed capacity from 308.5 GW in 2012 to 466.9 GW in 2020, at a Compound Annual Growth Rate (CAGR) of 5.3%.
Meanwhile, during the same time frame, nuclear installed capacity for these countries will grow from 104 Gigawatts (GW) to 105.6 GW - representing a far smaller CAGR of just 0.2%.
The authors of this report expect a negative growth trend in nuclear power across countries such as Germany, the UK, Spain and Sweden, but overall growth is forecast until 2020 due to capacity additions from Finland and the traditionally nuclear-reliant France.
In terms of power market share, however, Western Europe's nuclear power installed capacity is predicted to drop from 14.2% last year to 11.3% by the end of the decade - primarily due to the increased influence of renewable power, which is expected to grow from 38.8% to 49.8% during the same period.
This report predicts the total cumulative installed capacity of these top 10 Western European nations to climb from 758.1 GW in 2012 to 937.3 GW in 2020, at a CAGR of 2.7%.
This report provides in-depth analysis of the power market in Western Europe, covering 10 countries: Germany, France, the UK, Italy, Spain, Norway, Sweden, Denmark, Finland and Ireland.
This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis industry experts.
- Dong Energy A/S
- E.On Italia
- E.On UK Plc
- Eco Energi AS
- EDF Energy Plc
- Electricity Supply Board
- EnBW AB
- Endesa Ireland Limited
- Endesa, S.A.
- Fortum Corporation
- Gas Natural FENOSA S.A.
- Iberdrola, S.A.
- RWE npower Plc
- RWE Power AG
- Scottish and Sothern Energy Plc
- Scottish Power Plc
- Vattenfall AB
- Viridian Power and Energy
- E. ON AG
For more information visit http://www.researchandmarkets.com/research/j323wl/power_markets_in
SOURCE Research and Markets