Resource
The growing power market, estimated at $117 billion for 2023 was the 3rd largest market in the engineering design industry and is anticipated to grow by an estimated 6% compound annual growth rate (CAGR) from 2023 to 2027 according to the ACEC Research Institute’s 2023 Economic Assessment and Forecast. The power market was also ranked 4th for 2023 for construction put-in-place (CPiP) and accounts for 11% of the industry (see pie chart below). The brief includes research and insights including fuel resources, energy production and consumption, electric energy, hydroelectric power, nuclear power, solar energy, wood energy and the electric and gas utility industries.
This brief includes a top client list of global energy storage developers, top 5 trends impacting the market, government affairs action and business development insights.