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Emergence of COVID-19 Impacts on Global Energy and Power Industries, 2020 Report - Halt of Capital-Intensive Energy and Power Facilities Projects

Share this article Share this article ResearchAndMarkets.com s offering. The energy and power industry is power house of global economy providing electricity and energy solutions to all other sectors. In the period of Covid-19 crises in 2020, energy and power supply has taken a brunt yet been critical resource for undertaking manufacturing of necessary commodities, running medical facilities, and facilitating online learning. The crisis has affected emerging markets such as India, Brazil, Mexico, Peru, and Turkey the most, as the demand declined, financial burden piled up, and collapse of power supply chain. In the pre-COVID-19 scenario, the energy and power sector witnessed a turbulent growth technology and usage of renewables such as wind, solar, hydropower and others along with reduction in prices and increasing awareness and concerns regarding global warming, climate change, ozone depletion and other detrimental factors. The supply process has been simple with increased ef

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