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US holds the major share of the utilities industry
The Group of Eight (G8) comprises eight of the fastest growing industrial nations in the world: the US, Canada, Germany, France, the UK, Italy, Russia and Japan. MarketLine’s ‘Utilities – Global Group of Eight (G8) Industry Guide’ reveals that the G8 countries contributed $1,786.7 billion in 2010 to the global utilities industry, with a compound annual growth rate (CAGR) of 2.6% between 2006 and 2010.
The G8 countries are expected to reach a value of $2,358 billion in 2015, with a CAGR of 5.7% over the 2010–15 period. Electricity is the largest segment of the global utilities industry, accounting for 58.4% of the industry’s total value.
GROUP OF EIGHT (G8) UTILITIES INDUSTRY OUTLOOK
Figure 1: G8 utilities industry, revenue($bn), 2006–15
Among the G8 countries, the US holds the major share of the utilities industry. It accounted for a share of 39.4% in 2010, followed byJapanandGermany, with a 15.6% and 10.5% share, respectively.