Tripped switch: Forecast growth is likely to be limited by a more competitive pricing mechanism

Electricity production represents the first phase in the process of delivering electricity to consumers, followed by transmission, distribution and trade. Electricity is generated at power stations, which generally use heat engines fuelled by chemical combustion. It may also be generated using renewable methods, such as the use of turbines driven by water or wind. In light of rising environmental pressures, the industry has become increasingly focused on pollution targets, which have shaped its development in recent years. IBISWorld estimates that in 2019, 50.1% of electricity in Ireland will be generated from natural gas, with renewables the source of 36.3% of electricity generated, followed by coal at 7.1% and peat with more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry is increasingly focused on meeting pollution targets due to environmental concerns
  • Government aims to decarbonise the electricity network have boosted use of renewable sources
  • The expected growth of data centres is likely to contribute to a rise in electricity demand
  • Industry Report - Industry SWOT Analysis Chapter

    The Electricity Production industry is in the mature stage of its life cycle. Operators have sought to rationalise their operations in recent years, focusing on expanding renewable capacity in response to government incentives towards the decarbonisation of Ireland's energy network. While this change has rendered some traditional and more emissive sources of electricity generation such as coal-fired plants unprofitable, the industry's major companies are vertically integrated and able to remain profitable in the retail market. Despite dramatic changes occurring in the industry, electricity production will remain fundamental to the economy...purchase to read more.

    Additional Insights for the Electricity Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electricity Production Industry are

  • Ability to accommodate environmental requirements
  • Optimum capacity utilisation
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as EU carbon price and Total electricity consumption in the Electricity Production industry impact industry performance..

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    What's in this report

    What is the Electricity Production in Ireland Industry?

    Companies in this industry produce electricity by burning fossil fuels such as gas, coal and peat. They also operate hydroelectric plants and stations fuelled by renewable sources such as wind or biomass.

    Industry Products
  • Wind-powered electricity
  • Gas-fired electricity
  • Coal-fired electricity
  • Peat-fired electricity
  • Hydro-powered electricity
  • Other renewables
  • Industry Activities
  • Generating electricity in gas-fired plants
  • Generating electricity in coal-fired plants
  • Generating electricity in peat-fired plants
  • Generating hydroelectric power
  • Generating electricity from renewable sources such as wind and biomass
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • EU carbon price
  • Total electricity consumption
  • World price of natural gas
  • World price of steaming coal

  • Current Performance
    Concerning carbonFuel mixProfit performance
  • Chart: Revenue Growth

  • Industry Outlook
    Exit uncertaintyData centresInterconnectivityRenewable generation
  • Table: Electricity Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electricity Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Electricity Supply in Ireland

  • Key Selling Industries
  • Building Construction in Ireland

  • Products & Services
  • Gas-fired electricity
  • Wind-powered electricity
  • Coal-fired electricity
  • Peat-fired electricity
  • Other renewables
  • Hydro-powered electricity
  • Other
  • Chart: Electricity Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing industries
  • Households
  • Commercial premises
  • Other
  • Chart: Major Market Segmentation for the Electricity Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Electricity Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electricity Production Industry

  • Industry Globalization
    Electricity Supply Board, Bord Gais Energy Ltd, Bord na Mona plc,
  • Table: Electricity Supply Board - financial performance
  • Table: Bord Gais Energy Ltd - financial performance
  • Table: Bord na Mona plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electricity Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electricity Production Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Peaking Plant
  • A plant that runs only when there is a high demand, known as peak demand, for electricity.
  • Single Electricity Market (Sem)
  • The physical wholesale electricity market operating in the Republic of Ireland and Northern Ireland. It is a gross mandatory pool operating with dual currencies and in multiple jurisdictions.
  • System Marginal Price (Smp)
  • The SEM Includes a centralised liquid spot market where electricity is bought and sold. Suppliers purchase their requirements in half hour periods and pay the SMP.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electricity Production in Ireland market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electricity Production in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electricity Production in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electricity Production in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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