Global Power Industry Outlook, 2018
Global Power Industry Outlook, 2018
More than $400 Billion Invested Annually in New Power Capacity as Renewables Continue to Dominate
28-Mar-2018
Global
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Description
Frost & Sullivan’s power industry outlook finds that $2.20 trillion will be invested in generation capacity additions for the period 2017-2021 driven mainly by renewable energies, solar and wind, accounting for $603.4 billion and $553.7 billion, respectively. Similar to 2017, Frost & Sullivan expects solar energy to account for the majority of the investment - $123.03 billion in 2018 - with China expected to be the key contributor. The need and the investment climate for solar and wind (offshore) are present and positive. We advise power generation participants to consider this trend and also focus on plant utilization trends before making investments. In the case of wind, the transition to an auction-based system witnessed bids reaching a low; we expect this trend to continue in 2018 as cost optimization is garnering more focus than ever. We forecast hydropower and biomass investment to remain stable at $77.06 billion and $23.30 billion, respectively, for 2018. To the contrary, investment outlook for gas remains low as we forecast new turbine orders to stay similar to 2017, the primary reasons being a) Renewables becoming cost competitive to gas b) Strong need for new turbine orders is absent due to excess capacity on the grid and the focus on other generation types. Moreover, nuclear power is beginning to revive post-Fukushima as China, Europe, and the Middle East are in the process of adding new nuclear capacity. Nuclear investment for 2018 is expected to reach $25.7 billion. Asia-Pacific will be the last bastion for coal as investment outlook is negative and is expected to steadily decline year on year. In addition to generation capacity and investment forecast, eight chief power industry trends have been provided in this outlook. These include the trend of oil majors venturing into the electricity industry, innovative energy start-ups contributing to industry competition, increase in mergers and acquisitions, and the rise of energy storage. This outlook includes predictions for 2018, which we advise participants of the energy industry value chain to consider. Decentralization, Decarbonization, and Digitalization must continue to remain the top priorities for energy utilities and OEMs strategizing for the future.
Key Issues Addressed
- What is the expected annual investment by generation type till 2021?
- What is the installed capacity forecast of renewable and conventional generation types till 2021?
- What are the key trends that are likely to impact the power industry moving forward?
- Which are the key companies participating in the industry by generation type?
- What are the key regional trends that industry participants must consider?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Highlights of 2017
Predictions for 2018
Global Installed Capacity Change by Fuel, 2017–2021
Global Power Generation Market Investment Trends
Installed Capacity Forecast
Installed Capacity Forecast (continued)
Key Regional Market Highlights
Research Scope
Key 2018 Power Market Trends
Trend 1—Solar Surge
Trend 2—Wind the New Solar
Trend 3—The Trump Effect
Trend 4—Batteries on the Brink
Trend 5—Electricity, the New Oil?
Trend 6—Turbines in Trouble
Trend 7—Era of Startups
Trend 8—Deal Making is Back
Solar Power Market Outlook 2018
Global Solar Power Market Capacity Trends
Global Solar Power Market Investment Trends
Key Regional Market Highlights
Key Solar Power Market Participants
Wind Power Market Outlook 2018
Global Wind Power Market Capacity Trends
Global Wind Power Market Investment Trends
Key Regional Market Highlights
Key Wind Power Market Participants
Coal Power Market Outlook 2018
Global Coal Power Market Capacity Trends
Global Coal Power Market Investment Trends
Key Regional Market Highlights
Key Coal Power Market Participants
Gas Power Market Outlook 2018
Global Gas Power Market Capacity Trends
Global Gas Power Market Investment Trends
Key Regional Market Highlights
Key Gas Power Market Participants
Nuclear Power Market Outlook 2018
Global Nuclear Power Market Capacity Trends
Global Nuclear Power Market Investment Trends
Key Regional Market Highlights
Key Nuclear Power Market Participants
Biomass Power Market Outlook 2018
Global Biomass Power Market Capacity Trends
Global Biomass Power Market Investment Trends
Key Regional Market Highlights
Key Biomass Power Market Participants
Hydropower Market Outlook 2018
Global Hydropower Market Capacity Trends
Global Hydropower Market Investment Trends
Key Regional Market Highlights
Key Hydro Power Market Participants
Growth Opportunity 1—Business Models
Growth Opportunity 2—Vertical Integration
Growth Opportunity 3—Geographic Expansion
Growth Opportunity 4—Investment/M&A
Strategic Imperatives for Energy Companies
Key Conclusions
Legal Disclaimer
Table of Acronyms Used
Learn More—Next Steps
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Related Research
Popular Topics
No Index | No |
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Podcast | No |
Author | Vasanth Krishnan |
Industries | Energy |
WIP Number | MDAF-01-00-00-00 |
Keyword 1 | Power Industry |
Is Prebook | No |
GPS Codes | 9301-A4,9597,9851,9852,9AFE-A4,9AFF-A4,9B00-A4,GETE |