Global Markets for Natural Gas-Fired Electricity Generation--Focus on North America
NEW YORK, June 27, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Global Markets for Natural Gas-Fired Electricity Generation--Focus on North America
REPORT SCOPE
INTRODUCTION
STUDY GOALS AND OBJECTIVES
This study provides a comprehensive analysis of the market for natural gas–fired electricity generation on a global basis. Its aim is to provide a range of information, from detailed regional analyses to overall industry trends, in order to quantify and forecast markets for electricity generation. Various types of electricity generation are forecast on a global basis. Forecasts and trends are predicted based on a cross-reference of data points gleaned from government, industry, and other data sources to arrive at a cogent and coordinated forecast.
REASONS FOR DOING THE STUDY
The global market for natural gas–fired electricity generation is large and growing at a relatively high rate. The market is also extremely complicated in terms of technology, policies and regulations, and economics. This report measures and analyzes different geographic and technology markets in order to help readers identify the regions and technologies where they can find the most promising opportunities.
The report also seeks to address changing market dynamics in the industry, emerging geographies, and types of technologies that are forecast to grow in each region. This study also provides insight into the market structure in each region. Such insight helps companies to identify global markets that are ripe for opportunity and those where entry or competition will be particularly difficult.
SCOPE OF REPORT
This report presents an analysis of current and historical installed capacity of electricity generation in key regions in the world. The analysis is organized by technology type, and data are presented for 2010, 2011, and 2012, with forecasts to 2017.
This report also presents forecasts for the size and growth of the electricity generation market in each country and region of the world. The report includes an analysis of the major industry structure of each market by geography. This analysis includes the levels of privatization versus public ownership of the electricity generation industry in a given market. It also covers the ways in which the markets function and the level of competition present. Relevant regulatory organizations, controls, and issues are also discussed.
Important government policies are presented as they relate to electricity generation and the industry in each country and region. The projected effects of these policies on the forecasts for electricity generation in each country and region are discussed. International agreements and regional cooperation are important to the electricity generating industries of many countries in the world, and these aspects are also discussed where they are relevant.
Industry trends in each technology market are presented. The discussion of industry trends supplements the market forecasts by giving the reader of sense of what drives each forecast. The study also provides a competitive analysis of the major firms involved in electricity generation around the globe. The firms that are analyzed include the major companies that are active in the major markets covered in the report. These companies include independent power producers, electric utilities with generation businesses for their own consumption or for sale on the wholesale market, and integrated utility companies that have a strong presence in the electricity generation industry.
Market figures are based on total installed capital cost of generation and are projected at 2012 dollar value. Inflation is not computed into the projection figures.
INTENDED AUDIENCE
This report is an invaluable tool for business planners, acquisitions specialists, licensing strategists, product managers, market research analysts, investors, investor consultants, and anyone interested in the global electricity generation market, the industry's structure, and industry participants across the globe.
The identification given in this report of overall market trends, product opportunities, emerging geographies, mergers and acquisitions (M&A) opportunities, and insights that provide guidance for sales growth or defensive moves is of utmost importance for a variety of constituents:
Established companies in the industry will benefit from the contents of the report with regard to corporate strategy, sales and marketing, business development, and research and development (R&D).
Emerging energy technology players in the industry must understand specific market dynamics in the nations and regions that are presented in the report. They must also understand trends and how they relate to the future of global electricity generation.
Investment firms evaluating candidates for venture capital or hedged investments will gain insights into the opportunities and risks that are being encountered in different industries across the globe. This report will enable them to have an understanding of opportunities for investments in the global energy-generation sector.
Equity analysts are provided detailed forecasts for the next five years, substantiated by quantitative analysis that can support further product and regional forecasts over the short and long run.
METHODOLOGY AND INFORMATION SOURCES
Both primary and secondary research methodologies were used in preparing this study. An analysis of global electricity industry generation statistics was conducted in order to create the forecasts presented here. Forecasts of generation capacity in each country and region were acquired from a number of sources. The primary sources for this data were the U.S. Energy Information Administration's (EIA) International Energy Outlook 2011 and the BP Statistical Review of World Energy June 2011. This data was supplemented and updated with data found in press releases, news articles, industry association analyses, and data published by specific companies analyzed in this report.
The primary source of capital and operating cost data for the market forecasts was the EIA's "Updated Capital Cost Estimates for Electricity Generating Plants," published in November 2011. These data were supplemented with analyst estimates based on experience in the electricity generating industries.
Forecasts of market size in each year were made by multiplying the amount of generating capacity expected to be installed in a particular market in a particular year by the capital cost per unit of that technology. This provides a general high-level estimate of market size by technology and by country or region. The additional assumptions that go into the capital cost estimates for each technology are explained further in the Technologies chapter of this report.
The primary sources of data on each company analyzed and profiled include articles published by industry analysts as well as data available on company websites and in annual reports.
Units:
1 metric tonne = 2204.62lb.
1 kilolitre = 6.2898 barrels
1 kilolitre = 1 cubic meter
1 kilocalorie (kcal) = 4.187 kilojoule (kJ) = 3.968 British thermal units (Btu)
1 kilojoule (kJ) = 0.239 kcal = 0.948 Btu
1 Btu = 0.252 kcal = 1.055 kJ
1 kilowatt-hour (kWh) = 860 kcal = 3600 kJ = 3412 Btu
Tonnes are used for market consumption data. Tonnes are defined as the metric equivalent of tons.
ANALYST CREDENTIALS
Stephanie Denarie earned a bachelor's degree in environmental studies from Brown University and has completed coursework in corporate finance at the University of California at Berkeley and San Francisco State University.
Ms. Denarie has intensive experience in energy transmission modeling and financial management, and has consulted for groups as diverse as Optimum Energy, LLC, the states of Utah and California, the National Renewable Energy Laboratory (NREL), and Black & Veatch Corp.. Stephanie has developed several economic models and software tools to forecast price and economic competitiveness for energy projects, most especially for local renewable energy resources in diverse renewable energy markets
TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION 1
STUDY GOALS AND OBJECTIVES 1
REASONS FOR DOING THE STUDY 1
SCOPE OF REPORT 1
INTENDED AUDIENCE 2
METHODOLOGY AND INFORMATION SOURCES 3
ANALYST CREDENTIALS 4
RELATED REPORTS 4
BCC ON-LINE SERVICES 5
DISCLAIMER 5
CHAPTER TWO: SUMMARY 6
SUMMARY TABLE GLOBAL MARKET FOR NATURAL GAS–FIRED
ELECTRICITY GENERATION BY REGION, THROUGH 2017 ($
MILLIONS) 6
SUMMARY FIGURE GLOBAL MARKET FOR NATURAL GAS–FIRED
ELECTRICITY GENERATION BY REGION, 2010-2017 ($ MILLIONS) 7
SUMMARY (CONTINUED) 8
CHAPTER THREE: OVERVIEW 9
OVERVIEW 9
NATURAL GAS INDUSTRY VALUE CHAIN 10
TECHNOLOGY AND SYSTEMS 10
ELECTRICITY GENERATING REQUIREMENTS 11
CAPITAL COSTS 11
LEVELIZED COST OF ENERGY 12
ELECTRICITY GENERATING TECHNOLOGIES 12
LIFE CYCLE AND THE NATURE OF POWER SECTOR
INVESTMENTS 13
IMPORTANCE OF THE INDUSTRY 13
IMPACT OF DIFFERENT FUEL TYPES ON NATURAL GAS 14
GOVERNMENT REGULATIONS IMPACTING NATURAL GAS
POWER GENERATION 14
EFFECT ON THE FUTURE 14
NATURAL GAS–ENABLED UTILITY-SCALE ELECTRICITY
STORAGE (UES) TECHNOLOGIES 15
COSTS AND ECONOMIC VIABILITY 16
PUMPED HYDROLOGIC STORAGE 16
Pumped Hydrologic Storage (Continued) 17
COMPRESSED AIR ENERGY STORAGE 18
BENEFITS OF UTILITY-SCALE ELECTRICITY STORAGE
TECHNOLOGIES FOR NATURAL GAS ENERGY PRODUCTION 19
GRID BENEFITS 19
Load Leveling 19
Capacity Factor/Dispatch for Intermittent Renewables 20
Peaking Power Support 21
OFFSET OF NEEDED PEAKING POWER GENERATION
CAPACITY 22
OFFSET OF NEEDED RENEWABLE GENERATION
CAPACITY 23
ECONOMIC BENEFITS 23
Energy Arbitrage 24
Investment Deferral 24
RENEWABLE ENERGY DISPATCH AND TIMING BENEFITS 24
CARBON CAPTURE AND STORAGE 25
Carbon Capture and Storage (Continued) 26
Carbon Capture and Storage (Continued) 27
CHAPTER FOUR: TECHNOLOGIES 28
INTRODUCTION 28
OVERVIEW 28
TABLE 1 COST OF ELECTRICITY GENERATION BY TECHNOLOGY,
2011 29
NATURAL GAS–FIRED STEAM TURBINES 29
SUMMARY 29
FIGURE 1 SCHEMATIC OF NATURAL GAS–FIRED STEAM TURBINE 30
Current Trends 30
Key Players 31
Drivers for Natural Gas–Fired Steam Turbines 31
Drawbacks to Natural Gas–Fired Steam Turbines 31
Economics 31
GAS TURBINES 32
SUMMARY 32
FIGURE 2 SCHEMATIC OF GAS TURBINE 32
Current Trends 33
Ordered Capacity for Open Cycle Systems 33
Middle East and Africa 33
TABLE 2 CAPITAL COST COMPONENTS OF SIMPLE AND
COMBINED CYCLE NATURAL GAS TECHNOLOGIES; GLOBAL IN
2011 DOLLARS ($) 34
TABLE 3 CAPITAL COST FORECAST FOR SIMPLE AND COMBINED
CYCLE NATURAL GAS TECHNOLOGIES; GLOBAL IN 2011
DOLLARS, THROUGH 2017 ($) 34
TABLE 4 VOLUME OF ORDERS PLACED FOR OPEN CYCLE
SYSTEMS BY AFRICA AND THE MIDDLE EAST, 2009 TO 2010
(UNITS & MW) 34
TABLE 4 (CONTINUED) 35
Europe 35
TABLE 5 VOLUME OF ORDERS PLACED FOR OPEN CYCLE
SYSTEMS IN EUROPE, IN 2009 TO 2010 (UNITS AND MW) 35
North America 36
TABLE 6 VOLUME OF ORDERS PLACED FOR OPEN CYCLE
SYSTEMS IN NORTH AMERICA, 2009 TO 2010 (UNITS AND MW) 36
Central and South America 36
TABLE 7 VOLUME OF ORDERS PLACED FOR OPEN CYCLE
SYSTEMS IN SOUTH AND CENTRAL AMERICA, 2009 TO 2010
(UNITS AND MW) 36
Asia-Pacific 37
TABLE 8 VOLUME OF ORDERS PLACED FOR OPEN CYCLE
SYSTEMS IN ASIA-PACIFIC, IN 2009 TO 2010 (UNITS AND MW) 37
Key Players 37
Drivers for Natural Gas Turbines 38
Resistors for Natural Gas Turbines 38
Technological Developments 38
Economics 39
Outlook for Open Cycle Systems 39
NATURAL GAS COMBINED CYCLE 39
SUMMARY 39
FIGURE 3 SCHEMATIC NGCC PLANT 40
Current Trends 40
FIGURE 4 INSTALLATIONS IN THE U S , 2000—2010 41
TABLE 9 REPRESENTATIVE NATURAL GAS COMBINED CYCLE
PLANT INSTALLATION (MW) 42
Ordered Capacity for Natural Gas Combined Cycle
Systems 42
Europe 42
TABLE 10 VOLUME OF ORDERS FOR NATURAL GAS COMBINED
CYCLE PLANTS BY EUROPE, 2009 TO 2010 (UNITS AND MW) 43
Africa and the Middle East 43
TABLE 11 VOLUME OF ORDERS FOR NATURAL GAS COMBINED
CYCLE PLANTS BY AFRICA AND THE MIDDLE EAST, 2009 TO
2010 (UNITS AND MW) 44
Asia-Pacific 44
North America 44
TABLE 12 VOLUME OF ORDERS FOR NATURAL GAS COMBINED
CYCLE PLANTS BY NORTH AMERICA, 2009 TO 2010 (UNITS AND
MW) 45
Key Players 45
TABLE 13 REPRESENTATIVE PLAYERS FOR NATURAL GAS
COMBINED CYCLE SYSTEMS 45
Drivers for Natural Gas Combined Cycle Plants 46
Highest Efficiency among Other Natural Gas–
Based Power Generation Technologies 46
TABLE 14 EFFICIENCY BY GAS-FIRED TECHNOLOGY, 2010 (%) 46
FIGURE 5 SPECTRUM OF NATURAL GAS–FIRED TECHNOLOGY
EFFICIENCIES, 2010 (%) 47
Low-Cost Electricity Generation 47
TABLE 15 COST OF ELECTRICITY GENERATION BY TECHNOLOGY,
2011 48
Cleanest Natural Gas–Based Power Generation
Technology 48
TABLE 16 EMISSIONS BY TECHNOLOGY, 2011 48
Drawbacks of Natural Gas Combined Cycle Plants 48
High Installation Cost 48
Technological Developments 49
TABLE 17 TOP THREE MANUFACTURERS DEVELOPING HIGHFIRING-
TEMPERATURE GAS TURBINES 50
Economics 50
Outlook for Natural Gas Combined Cycle 50
NATURAL GAS FUEL CELLS 51
SUMMARY 51
FIGURE 6 SCHEMATIC OF NATURAL GAS FUEL CELL 51
Fuel Cell Technologies 51
Alkaline Fuel Cell 52
Direct Methanol Fuel Cell 52
Phosphoric Acid Fuel Cell (PAFC) 52
Proton-Exchange Membrane (PEM) Fuel Cell 52
Molten Carbonate Fuel Cell (MCFC) 53
Solid Electrolyte Fuel Cell (SOFC) 53
TABLE 18 TYPES OF FUEL CELL TECHNOLOGIES 54
Current Scenario for Natural Gas Fuel Cells 54
TABLE 19 GLOBAL FUEL CELL INSTALLATIONS BY APPLICATION,
2010 (%) 55
Key Players 55
TABLE 20 TOP MARKET PARTICIPANTS IN NATURAL GAS FUEL
CELL TECHNOLOGY 56
Drivers of the Natural Gas Fuel Cell 56
Cleanest Among All Other Natural Gas–Based
Electricity Generation Technologies 56
TABLE 21 EMISSIONS BY TECHNOLOGIES (LB /MWH) 57
Natural Gas Fuel Cell Technology Offers High
Electricity Efficiency 57
TABLE 22 EFFICIENCY BY TECHNOLOGIES, 2010 (%) 57
FIGURE 7 EFFICIENCY BY TECHNOLOGIES, 2010 (%) 58
Natural Gas Fuel Cell Technology Is Highly
Suitable for Distributed and Backup Power
Generation 58
Drawbacks of Natural Gas Fuel Cells 59
High Installation Costs 59
Future Prospects for Fuel Cells Lean towards
Nonstationary Power Generation 59
Economics 60
Outlook for Fuel Cells 60
CHAPTER FIVE: INDUSTRY STRUCTURE 61
SUMMARY 61
DRIVING FORCES IN THE INDUSTRY 61
DRIVERS OF DEMAND 61
Households 62
Commercial Sector 62
Industrial 62
REVENUE VOLATILITY 63
SUCCESS FACTORS THAT REALIZE GAINS AND MINIMIZE RISK 63
ABILITY TO PASS ON COST INCREASES 63
SUPERIOR FINANCIAL MANAGEMENT AND DEBT
MANAGEMENT 63
ABILITY TO NEGOTIATE SUCCESSFULLY WITH
REGULATORS 63
OPTIMUM CAPACITY UTILIZATION 64
COST BENCHMARKS: U S MARKETS 64
PROFIT 64
Purchases 64
Wages and Other 64
GOVERNMENT REGULATIONS AND POLICIES: U S FOCUS 65
GOVERNMENT REGULATIONS AND … (CONTINUED) 66
RATE REGULATION 67
DEVELOPMENT PRIORITIES 68
ENVIRONMENTAL REGULATIONS 69
ELECTRICITY MARKET STRUCTURE 69
Privatization 70
Competition 70
FUEL PRICES 71
STRATEGIES FOR STAYING COMPETITIVE 72
LEVERAGING INDUSTRY ASSISTANCE 72
MANAGING GOVERNMENT REGULATIONS AND
DEVELOPMENT PRIORITIES 72
Managing Competitive Markets 72
SHIFTS IN THE INDUSTRY 73
IMPACT OF OTHER INDUSTRIES 74
FUELS 74
BASIS OF COMPETITION 74
BARRIERS TO ENTRY 75
BARRIERS TO ENTRY (CONTINUED) 76
CHAPTER SIX: GLOBAL MARKETS 77
TABLE 23 GLOBAL CONSUMPTION OF NATURAL GAS FOR
ELECTRICITY GENERATION, THROUGH 2012 (MILLION TONNES
OIL EQUIVALENT) 77
NATURAL GAS RESERVES 78
TABLE 24 GLOBAL NATURAL GAS PROVED RESERVES, THROUGH
2017 (TRILLION CUBIC METERS) 78
MARKET DYNAMICS 78
MARKET DYNAMICS (CONTINUED) 79
TABLE 25 NATURAL GAS EXPORTS, GLOBAL, 2010 (BILLION CUBIC
METERS) 80
GLOBAL NATURAL GAS PRODUCTION TRENDS 80
SUMMARY 80
TABLE 26 CAPITAL COST COMPONENTS OF SIMPLE AND
COMBINED CYCLE NATURAL GAS TECHNOLOGIES; GLOBAL
REGIONS IN 2011 DOLLARS ($) 81
TABLE 27 CAPITAL COST FORECAST FOR SIMPLE AND COMBINED
CYCLE NATURAL GAS TECHNOLOGIES; GLOBAL REGIONS IN
2011 DOLLARS, THROUGH 2017 ($) 81
TABLE 28 GLOBAL NATURAL GAS PRODUCTION, THROUGH 2017
(MILLION TONNES OIL EQUIVALENT) 81
TABLE 29 ADDITIONS OF PROVEN NATURAL GAS RESERVES, 2000
TO 2010 (TRILLION CUBIC METERS) 82
TABLE 30 NATURAL GAS EXTRACTION TECHNOLOGY BY
METHOD, GLOBAL REGIONS, THROUGH 2017 (TRILLION CUBIC
METERS) 83
TABLE 31 GLOBAL CONSUMPTION OF NATURAL GAS FOR
ELECTRICITY GENERATION, THROUGH 2017 (MILLION TONNES
OIL EQUIVALENT) 83
CHAPTER SEVEN: NORTH AMERICA 84
SUMMARY 84
TABLE 32 NORTH AMERICAN CONSUMPTION OF NATURAL GAS
FOR ELECTRICITY GENERATION, THROUGH 2012 (MILLION
TONNES OIL EQUIVALENT) 84
UNITED STATES 85
INDUSTRY STRUCTURE 85
TABLE 33 U S CONSUMPTION OF NATURAL GAS FOR
ELECTRICITY GENERATION, THROUGH 2017 (MILLION TONNES
OIL EQUIVALENT) 85
GOVERNMENT POLICIES AND REGULATIONS 85
The Department of Energy and Advanced Research
Projects Agency-Energy 86
EXISTING GENERATION 87
INDUSTRY FORECAST 88
TABLE 34 NATURAL GAS RESERVES IN NORTH AMERICA,
THROUGH 2017 (TRILLION CUBIC METERS) 88
TABLE 35 NATURAL GAS EXPORTS IN NORTH AMERICA, 2010
(BILLION CUBIC METERS) 88
CANADA 89
INDUSTRY STRUCTURE 89
GOVERNMENT POLICIES AND REGULATIONS 89
EXISTING GENERATION 90
INDUSTRY FORECAST 91
TABLE 36 CAPITAL COST COMPONENTS OF SIMPLE AND
COMBINED CYCLE NATURAL GAS TECHNOLOGIES IN NORTH
AMERICA, IN 2011 DOLLARS ($) 91
TABLE 37 CAPITAL COST FORECAST FOR SIMPLE AND COMBINED
CYCLE NATURAL GAS TECHNOLOGIES IN NORTH AMERICA, IN
2011 DOLLARS, THROUGH 2017 ($) 91
TABLE 38 NATURAL GAS PRODUCTION IN NORTH AMERICA,
THROUGH 2017 (BILLION CUBIC METERS) 92
TABLE 39 CANADA CONSUMPTION OF NATURAL GAS FOR
ELECTRICITY GENERATION, THROUGH 2017 (MILLION TONNES
OIL EQUIVALENT) 92
MEXICO 93
INDUSTRY STRUCTURE 93
GOVERNMENT POLICIES AND REGULATIONS 93
EXISTING GENERATION 94
INDUSTRY FORECAST 94
TABLE 40 MEXICO CONSUMPTION OF NATURAL GAS FOR
ELECTRICITY GENERATION, THROUGH 2017 (MILLION TONNES
OIL EQUIVALENT) 94
TABLE 41 NORTH AMERICA ADDITIONS OF PROVEN NATURAL
GAS RESERVES, 2000 TO 2010 (TRILLION CUBIC METERS/%) 95
TABLE 42 NATURAL GAS EXTRACTION TECHNOLOGY BY METHOD
IN NORTH AMERICA, THROUGH 2017 (TRILLION CUBIC
METERS) 95
TABLE 43 NORTH AMERICAN CONSUMPTION OF NATURAL GAS
FOR ELECTRICITY GENERATION, THROUGH 2017 (MILLION
TONNES OIL EQUIVALENT) 96
CHAPTER EIGHT: COMPANY PROFILES 97
SUMMARY 97
COMPANIES 97
AES CORP 97
Overview 97
Corporate Strategy 98
AES GENER SA 98
Overview 98
CHINA RESOURCES POWER HOLDINGS CO LTD 98
Overview 99
Corporate Strategy 99
CHINA YANGTZE POWER CO LTD 99
Overview 99
Corporate Strategy 99
CONSTELLATION ENERGY GROUP, INC 100
Overview 100
Corporate Strategy 100
DATANG INTERNATIONAL POWER GENERATION CO ,
LTD 100
Overview 100
Corporate Strategy 101
DOMINION RESOURCES, INC 101
Overview 101
Corporate Strategy 101
E ON AG 101
Overview 102
Corporate Strategy 102
ELECTRICITÉ DE FRANCE 102
Overview 102
Corporate Strategy 103
ELETROBRAS 103
Overview 103
Corporate Strategy 103
ENDESA SA 104
Overview 104
Corporate Strategy 104
ENERGIE BADEN-WÜRTTEMBERG AG 104
Overview 104
Corporate Strategy 105
ENERSIS SA 105
Overview 105
Corporate Strategy 105
ESKOM HOLDINGS LTD 106
Overview 106
Corporate Strategy 106
HUANENG POWER INTERNATIONAL 106
Overview 106
Corporate Strategy 107
INTERNATIONAL POWER PLC 107
Overview 107
Corporate Strategy 107
J-POWER/ELECTRIC POWER DEVELOPMENT CO , LTD 108
Overview 108
Corporate Strategy 108
MIDAMERICAN ENERGY HOLDINGS CO 108
Overview 108
NEXTERA ENERGY, INC 109
Overview 109
Corporate Strategy 109
NRG ENERGY INC 109
Overview 109
Corporate Strategy 110
NTPC LTD 110
Overview 110
Corporate Strategy 110
PUBLIC SERVICE ENTERPRISE GROUP INC 111
Overview 111
Corporate Strategy 111
RUSHYDRO JSC 111
Overview 111
Corporate Strategy 112
RWE AG 112
Overview 112
Corporate Strategy 112
SAUDI ELECTRICITY CO 113
Overview 113
Corporate Strategy 113
SCOTTISH & SOUTHERN ENERGY PLC 113
Overview 113
Corporate Strategy 114
SEMPRA ENERGY 114
Overview 114
Corporate Strategy 114
SOUTHERN CO 114
Overview 115
Corporate Strategy 115
TATA POWER CO , LTD 116
Overview 116
Corporate Strategy 116
TOKYO ELECTRIC POWER CO , INC 116
Overview 116
Corporate Strategy 117
VATTENFALL AB 117
Overview 117
Corporate Strategy 117
To order this report:
Electric power energy Industry: Global Markets for Natural Gas-Fired Electricity Generation--Focus on North America
Check our Industry Analysis and Insights
__________________________
Contact Nicolas Bombourg
Reportlinker
Email: [email protected]
US: (805)652-2626
Intl: +1 805-652-2626
SOURCE Reportlinker
Share this article