2014-04-30 05:11:03 - 2013 Global Thermal Power Market Update - Continued Growth - a new market research report on companiesandmarkets.com
Thermal power accounts for the majority of global electricity generation and is expected to continue its dominance in the future as well. Governments in developed and developing countries, along with taking initiatives to curb negative impact from fossil fuel fired power generation on the environment have been taking various steps to ensure a sustainable and continuous energy supply in their respective countries.
Thermal power is the most reliable source of power generation as the power produced through this source is at a higher capacity factor as compared to renewable plants. Though fossil fuel fired plants pollute air, moving away completely from thermal power to alternative energy is not suitable approach to ensure energy security, therefore, continued growth of thermal power is
the only way to meet the rising electricity demand going forward.
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