Industrial markets of the power engineering industry and energy: comparative analysis

Abstract

The article considers the issue of the development of the industrial market of power engineering. The main problem of power engineering in the Russian Federation is the technological lag behind foreign competitors. It is worth considering the fact that 45 % of the equipment is outdated and requires updating. Therefore, import substitution and R&D development are an important goal for achieving industrial growth of the industry. Today, several state programs are being implemented for the development of power engineering and energy in general. In order to develop power engineering, it is necessary to understand the situation in the industry market. This article discusses the index of industrial production by regions of the Russian Federation. It was revealed that production is developing slowly, in some regions the index is less than 100 %. The analysis of market concentration showed that the industrial market of power engineering is moderately concentrated. This is due to the presence of leading enterprises in the industry market, to which the state provides fnancial support. In this regard, a schematic diagram of the influence of the concentration of the power engineering market on the energy market was constructed. Using the scheme, it is possible to identify possible reserves for improving production, increase the competitiveness of companies in the industry market, as well as evaluate promising areas for the development of regions and the country.

Keywords

• power engineering
• concentration
• industry market
• import substitution
• industrial production index
• power engineering
• development of domestic production