Russian Federation Power Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Russian Federation power market is expected to grow at a CAGR of more than 1% in the forecast period of 2020-2025. With a growing population, the demand for power is increasing tremendously. Adding to this, factors such as rapid urbanization, technical advancement, and industrialization is increasing the demand for electricity. With the acceptance of renewable energy sources, a robust grid development is required, which is expanding the distribution and transmission sector of the power market. On the other hand, the high initial investment required for the grid development and installation of renewable sources is very high which can hinder the growth of the market in the forecast period.
Key HighlightsThe Russian Federation power market is moderately fragmented. The major companies include RusHydro PJSC ADR, Rosatom Corp., Gazprom PJSC, Rosseti PJSC, Inter RAO UES PJSC, and others.
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