The global energy market is one of
the fastest developing in the world. It is expected to grow with 55% by 2035,
especially for nations that are outside of the Organization for Economic
Cooperation and Development., which have shown a 20% less growth than the once
outside it.
There are several factors that are
affecting the industry and its rate of growth. An important one was the
recession, which decreased R&D opportunities, yet the market recovered in
2010. However, oil prices and natural disasters have caused a lot of distress
and increasing scarcity and political tensions have driven prices higher over
the last years.
The renewable energy sector is one
of the most popular segments, based on using the wind, hydro, solar and
geothermal energies. In 2010 only from this segment revenues were more than
$322 billion, which was due to a compound growth rate of 6.5%. In the following
years it is expected to reach 8.5% and reach a value of $480 billion.
Global companies such as Cummins stock have performed controversially with regards to
political and economic factors. Investors’ confidence is fluctuating along with
share prices and tensions in the East are continuing to influence the sector in
a bad way.
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