Electrical Power Equipment Industry

The twentieth century witnessed advances in logistics, communications, transportation and other technologies that made it possible for companies to reach international markets at a pace unlike any before in history. By the end of the twentieth century, international marketing was no longer the exclusive realm of the very large corporation; small companies could also market their products and services effectively with the use of the Internet. Increasingly, buyers and sellers were finding each other with considerable ease even when thousands of miles might separate the two physically. This trend toward globalization changed a number of different industries, including the power generation equipment industry. This industry is characterized by high-cost goods that are critical to the development and maintenance of a country's infrastructure, and increasingly, this industry is dependent on global rather than local suppliers. This research considers the electrical power generation equipment industry and the outlook for American companies participating in this market.

For most of the twentieth century, electrical power generation was a regulated industry in the United States as well as in most other countries. Electricity was considered a critical national infrastructure element that could not be left to the private market. Whether run by the state, as in many countries, or by private industry under st

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weden and Belgium had decreases of more than seven, six and one percent, respectively, during the same period. Most of the EU's production comes from conventional thermal power generation at 51.8 percent, with nuclear power plants generating 33.4 percent of total production. Hydroelectric power generation is on the rise in the EU, increasing 5.1 percent in 2000 over 1999, and accounting for 14.8 percent of the region's total power. Within the region, the United Kingdom and Finland are the largest net importers of power while France, Germany and Austria are the largest net exporters. This market structure has considerable appeal to American companies since the United States enjoys good trade relations with all of the countries within the European Union. Germany and Austria have particularly close ties with the United States, and American companies seeking to expand their market share in this industry are likely to note the power generation equipment needs in these countries since these nations export power throughout the region. However, American companies may also want to consider the United Kingdom as a possible market for expansion since, as a net importer of power, the United Kingdom may be interested in decreasing its re
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Some common words found in the essay are:
Internet Increasingly, Systems Association, United Kingdom, Sweden Belgium, INDUSTRY INTRODUCTION, Germany Austria, United American, Companies Eaton, European Union, Power Engineering, power generation, power generating, equipment industry, electrical power, electrical generating, american companies, power generation equipment, generation equipment, generation equipment industry, united kingdom, systems association, electrical power generation, generating systems, generating systems association, electrical generating systems,
Approximate Word count = 1242
Approximate Pages = 5 (250 words per page)

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