The Global Industrial And Commercial Global Market Was Valued At $290 Billion In 2017


Posted April 12, 2018 by tbrc123

The market was valued at $290 billion in 2017 and is expected to increase in the demand for electricity from households and industrial establishments.

 
The Industrial and Commercial segment includes natural gas used for industrial and commercial purposes such as steam generation, metal casting, metal tempering and electricity generation and as a fuel for commercial vehicles.

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The market was valued at $290 billion in 2017 and is expected to increase in the demand for electricity from households and industrial establishments. In addition, most economies are expected to have low but improving economic growth with inflation slightly increasing, and improvements in the quality of life in developing countries over next few years will likely result in a rise in the sector behaviour.

Asia Pacific was the largest geographic region accounting for 0.4 percent of the market share due to the presence to a large number of households and industries in Asian countries such as China, India and Japan.

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The USA was the largest country accounting for 0.2 percent of the market share. This is due to the presence of a large number of households and industries, which use electricity for domestic and commercial purposes. The presence of natural gas–powered commercial vehicles also contributed to the large size of this market. And it is followed by China and India.

The major competitors in the market are ICBS, China construction bank, Berkshire Hathaway, jp Morgan chase. ICBC (London) plc provides international banking and related services in the United Kingdom and internationally. It offers personal banking services, including flexible and time deposit accounts; debit cards, pre-settlement and international remittance, RMB exchange and deposit services, foreign exchange services and ceremonial products.

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Issued By Oliver Guirdham
Website Market Research
Phone +44 207 1930 708
Business Address 47 Anchorage Point, 42 Cuba Street, Canary Wharf
Country United Kingdom
Categories Automotive
Tags electricity generation , global report , market report , metal casting , metal tempering , steam generation
Last Updated April 12, 2018