Researched by Industrial Info Resources (Sugar Land, Texas)--This year is shaping up to be a transitional year for the North American Power Industry as changing market trends and looming regulations and legislation shape the course of the industry. One of the sectors facing the most change is the coal-fired sector, which is encountering increasing environmental regulations such as the Mercury and Air Toxics Standards (MATS) regulations, for which Industrial Info is seeing approximately $5 billion to $6 billion in spending over the next few years.
While several new-build nuclear projects remain in the proposal or planning stages, no significant capital projects are expected to kick off within the next two years. Much of the delay is from issues involving the use of dry cask storage for spent fuel, as well as increased safety regulations in the wake of Japan's Fukushima nuclear plant disaster.
Join Brock Ramey, Industrial Info's North American Research Manager for the Power Industry, as he discusses these trends, as well as those of other power segments such as renewables and natural gas, in this edition of "Navigating the Currents of Change."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, 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.