|By Marketwired .||
|January 24, 2014 06:15 AM EST||
SUGAR LAND, TX -- (Marketwired) -- 01/24/14 -- Industrial Info Resources (Sugar Land, Texas) is tracking more than $140 billion in Power Industry capital and maintenance projects that are planned to kick off in the United States, Canada and Mexico in 2014. While not all of these projects will make it to the construction stage, the variety of planned projects demonstrates the broader trends and changing nature of the Power Industry. Major planned projects include wind and solar construction, coal-fired retirements, and grassroot construction of natural gas-fired power plants.
In terms of generation sources, wind leads in terms of project value, with projects worth more than $54 billion planned to kick off in 2014. Of course, some of the activity included in this figure includes controversial offshore wind projects and other projects that are contingent on permitting approval and tax incentives in order to begin.
Spending on natural gas-fired projects ranks second, as energy producers construct and modernize facilities to take advantage of the abundant supply of inexpensive U.S. shale gas and strive to meet increasingly stringent emissions regulations.
Industrial Info's North American Power Industry Outlook has been updated for 2014 and provides the spending trends and statistics for the Power Industry in the U.S., Canada and Mexico. Power Industry spending figures are broken down by fuel type, market region and project type, and can be easily downloaded in CSV format or as graphs. In addition, detailed assessment and commentary on the power market from Industrial Info's industry experts help explain how the data and information reflect broader market trends.
Quarterly updates ensure that you consistently receive updated facts and figures throughout the year as the industry landscape changes.
For more details on Industrial Info's North American Power Industry Outlook and other analytics and forecasting products, visit our online store, or call client services at (713) 783-5147.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.