Belgium Power Market Outlook to 2020

Belgium Power Market Outlook to 2020, report gives detailed information on the Belgium power market and provides historical and forecast numbers for generation, capacity and consumption up to 2020. The research analyzes upcoming power projects, key import and export trends, regulatory frameworks and infrastructure for the market. This coupled with elaborate profiles of key market participants provides a comprehensive understanding of the market’s competitive scenario.

Traditionally, Belgium has had a strong industrial sector, which included industries such as steel, textiles, refining, chemicals, food processing, pharmaceuticals, automobiles, electronics and machinery fabrication. However, it made a shift to the services sector and this currently accounts for almost 75% of the gross domestic product (GDP) of the country, whereas the industrial sector accounts for approximately 24% and agriculture for about 1%. The decline in the industrial share was not due to deindustrialization but due to higher productivity, which led to a decline in prices. Although the country has almost no natural resources, exports from the industrial sector still account for majority of its trade. The government recently extended the operating lifespan of the nuclear power plants and is further augmenting the renewable installed capacity base, in order to reduce its dependence on fossil fuels in the country. Cumulative renewable installed capacity is expected to increase at a CAGR of 12% during 2010-2020.

April, 2010

PDF / 47 pages