The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Global electricity generation capacity will grow by an annual average of 3% over the next
decade. Thermal capacity (coal-, gas- and oil-fired facilities) will continue to dominate the global capacity
mix. The share of nuclear and hydropower in the power mix will remain stable, renewables will grow at the
most rapid pace, accounting for 18% of total generation capacity in 2025, up from 11% in 2016.
- Within the thermal power segment, coal will retain its status as the dominant fuel for electricity
generation, despite strong growth in gas and renewables generation and global commitments to fighting
climate change. We maintain that investment in coal will remain resilient as growth in emerging markets
(particularly in Asia) offsets a decline in coal-fired capacity in North America and Western Europe.
- While we expect strong growth in electricity consumption in Asia and MENA in particular, this is
counterbalanced by stagnant or even falling demand for electricity in developed markets over the next
decade. Consumption in NAWE will be constrained by improved energy efficiency, as well as growth in
distributed generation, batteries, advances in smart technology and smart grids, and widespread
deployment of supply and demand management measures.