Singapore Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape

  • ID: 4375898
  • Report
  • Region: Singapore
  • 52 pages
  • GlobalData
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FEATURED COMPANIES

  • Sembcorp Cogen Pte Ltd
  • Senoko Energy Pte Ltd.
  • Tuas Power Ltd
  • MORE
Singapore Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape

Summary

Singapore is characterized by a lack of domestic energy resources, but it has huge success in harnessing its workforce and economic resources. It is an entrepôt economy - meaning that it imports resources and re-exports them after significant value addition. The services sector is the leading contributor to its Gross Domestic Product (GDP), contributing more than 70%. Between 2000 and 2016, the GDP, at constant prices, increased at a Compound Annual Growth Rate (CAGR) of 5%. Power consumption, of which the manufacturing and services sector is the leading contributor, also increased, at a CAGR of 3.2%.

Between 2000 and 2016, annual power consumption increased from 29.1 terawatt hours (TWh) to 48.6 TWh, owing to economic and population growth. Annual electricity generation increased from 31.7 TWh to 51.5 TWh, at a CAGR of 3.1%. Renewable generation is still in its nascent stages and the growth in electricity generation came almost entirely from thermal sources.

In 2016, thermal sources accounted for 96.9% of installed capacity, with gas contributing 75.7% of total installed capacity, oil contributing 20.5%, and coal only 0.8%. Renewable sources contributed the remaining 3%, of which biopower contributed 2.1%, and solar photovoltaic (PV) contributed 0.9%.

Though thermal power sources will continue to dominate the power mix, the share of renewable energy is expected to grow substantially. The government is emphasizing the development of solar projects, which has been slow due to the government’s reluctance to promote it with incentives. There is significant potential for the development of the renewable power sector, even without government support (SEAS, 2014). Singapore’s renewable power generation is a little over 1 TWh, but it is expected to reach nearly 4 TWh by 2030, mainly through solar power installations.

The report "Singapore Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape" elaborates Singapore's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030.

In particular, this report provides the following:
  • Provides a snapshot of the key parameters that affect the power sector, as well as key points about the power market.
  • Provides analysis of the power market.
  • Details the regulatory control of the power market and the inward foreign investment scenario.
  • Provides information on cumulative installed capacity and annual generation trends, by individual generation source.
  • Describes the power transmission and distribution (T&D) infrastructure and provides information on interconnectors with neighboring countries
Companies mentioned in this report: Senoko Energy Pte Ltd, YTL PowerSeraya Pte. Limited, Tuas Power Ltd, Keppel Merlimau Cogen Pte Ltd, Sembcorp Cogen Pte Ltd.

Scope
  • Snapshot of the country’s power sector across parameters - macro economics, supply security, generation infrastructure, transmission infrastructure, degree of competition, regulatory scenario and future potential of the power sector.
  • Statistics for installed capacity, power generation and consumption from 2000 to 2016, forecast for the next 14 years to 2030.
  • Break-up by technology, including thermal, hydro, renewable and nuclear
  • Data on leading current and upcoming projects.
  • Information on grid interconnectivity, transmission and distribution infrastructure and power exports and imports.
  • Policy and regulatory framework governing the market.
  • Detailed analysis of top market participant, including market share analysis and SWOT analysis.
Reasons to buy
  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identification of key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy and prospects.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Sembcorp Cogen Pte Ltd
  • Senoko Energy Pte Ltd.
  • Tuas Power Ltd
  • MORE
1 Table of Contents
2 Executive Summary
2.1 Singapore, Power Sector Outlook
3 Introduction
3.1 Report Guidance
4 Singapore, Power Market, Snapshot
4.1 Macroeconomic Factors
4.2 Supply Security
4.3 Opportunities
4.4 Challenges
5 Singapore, Power Market, Market Analysis
5.1 Singapore, Power Market, Market Structure
5.1.1 Structure of National Electricity Market of Singapore
5.1.2 Players in National Electricity Market of Singapore
5.2 Singapore, Power Market, Key Market Players
5.3 Singapore, Power Market, Financial Deals
5.3.1 Deal Value and Volume Analysis, 2004-May 2017
5.3.2 Deals by Type, 2016
5.4 Singapore, Power Market, Demand Structure
5.4.1 Power Consumption by Sector, 2016
6 Singapore, Power Market, Regulatory Scenario
6.1 Singapore, Power Market, Regulatory Framework
6.2 Singapore, Power Market, Key Policies
6.2.1 Power Market, Electricity Act
6.2.2 Electricity Licenses
6.3 Energy Policy
6.3.1 Renewable Energy in Singapore
6.4 Nationally Determined Contribution to the Paris Agreement
7 Singapore Power Market, Capacity and Generation Overview
7.1 Singapore, Power Market, Cumulative Installed Capacity, 2000-2030
7.1.1 Installed Capacity by Fuel Type, 2016
7.2 Cumulative Installed Capacity and Annual Generation, 2000-2030
7.2.1 Cumulative Installed Thermal Power Capacity and Annual Thermal Power Generation, 2000-2030
7.2.2 Cumulative Installed Non-hydro Renewable Power Capacity and Annual Non-hydro Renewable Power Generation, 2000-2030
8 Singapore, Power Market, Transmission and Distribution Overview
8.1 Singapore, Power Market, Transmission Network Overview
8.1.1 Upcoming Projects
8.2 Singapore, Power Market, Distribution Network Overview
8.3 Singapore, Power Market, Grid Interconnection
8.4 Singapore, Power Market, Electricity Trading
9 Singapore, Power Market, Competitive Landscape: Snapshot of Leading Power Generating Companies
9.1 Key Company in the Singapore Power Market: Senoko Energy Pte Ltd.
9.1.1 Company Overview
9.2 Key Company in the Singapore Power Market: YTL PowerSeraya Pte. Limited
9.2.1 Company Overview
9.3 Key Company in the Singapore Power Market: Tuas Power Ltd
9.3.1 Company Overview
9.3.2 Business Description
9.3.3 SWOT Overview
9.4 Key Company in the Singapore Power Market: Keppel Merlimau Cogen Pte Ltd
9.4.1 Company Overview
9.5 Key Company in the Singapore Power Market: Sembcorp Cogen Pte Ltd
9.5.1 Company Overview
9.5.2 Business Description
9.5.3 SWOT Overview
10 Appendix
10.1 Market Definitions
10.1.1 Power
10.1.2 Installed Capacity
10.1.3 Electricity Generation
10.1.4 Electricity Consumption
10.1.5 Thermal Power Plant
10.1.6 Hydropower Plant
10.1.7 Nuclear Power
10.1.8 Renewable Energy Resources
10.2 Abbreviations
10.3 Bibliography
10.4 Methodology
10.5 Coverage
10.5.1 Secondary Research
10.5.2 Primary Research
10.5.3 Modeling and Forecasting
10.6 Contact
10.7 Disclaimer

List of Tables
Table 1: Power Market, Singapore, Gross Domestic Product (SGD and $bn), Population (m), and Annual Power Consumption (TWh), 2000-2021
Table 2: Power Market, Singapore, Market Share of Leading Power Generation Companies (%), 2016
Table 3: Power Market, Singapore, Deal Value ($bn) and Number of Deals, 2004-May 2017
Table 4: Power Market, Singapore, Deals by Type (%), 2016
Table 5: Power Market, Singapore, Annual Power Consumption (TWh), 2000-2030
Table 6: Power Market, Singapore, Power Consumption by Sector (%), 2016
Table 7: Power Market, Singapore, Cumulative Installed Capacity by Fuel Type (%), 2016
Table 8: Power Market, Singapore, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000-2030
Table 9: Power Market, Singapore, Leading Thermal Power Plants (MW), 2017
Table 10: Power Market, Singapore, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal Power Generation (TWh), 2000-2030
Table 11: Power Market, Singapore, Number and Installed Capacity of Solar PV Installations (kWac), 2008-2016
Table 12: Power Market, Singapore, Cumulative Installed Non-hydro Renewable Power Capacity (GW) and Annual Non-hydro Renewable Power Generation (TWh), 2000-2030
Table 13: Power Market, Singapore, Transmission Line Length (Ckm) by Voltage Levels, 2006-2025
Table 14: Power Market, Singapore, Distribution Line Length (Ckm), 2006-2025
Table 15: Power Market, Singapore, Tuas Power Ltd., SWOT Profile, 2017
Table 16: Power Market, Singapore, Sembcorp Cogen Pte Ltd, SWOT Profile, 2017
Table 17: Abbreviations

List of Figures
Figure 1: Power Market, Singapore, Gross Domestic Product ($bn) and Annual Power Consumption (TWh), 2000-2016
Figure 2: Power Market, Singapore, Annual Power Consumption and Generation (TWh), 2000-2016
Figure 3: Power Market, Singapore, Cumulative Installed Capacity by Fuel Type (%), 2016
Figure 4: Power Market, Singapore, Gross Domestic Product ($bn), Population (m), and Annual Power Consumption (TWh), 2000-2022
Figure 5: Power Market, Singapore, Market Share of Leading Power Generation Companies (%), 2016
Figure 6: Power Market, Singapore, Deal Value ($bn) and Number of Deals, 2004-May 2017
Figure 7: Power Market, Singapore, Deals by Type (%), 2016
Figure 8: Power Market, Singapore, Annual Power Consumption (TWh), 2000-2030
Figure 9: Power Market, Singapore, Power Consumption by Sector (%), 2016
Figure 10: Power Market, Singapore, Cumulative Installed Capacity by Fuel Type (%), 2016
Figure 11: Power Market, Singapore, Cumulative Installed Capacity (GW) and Annual Generation (TWh), 2000-2030
Figure 12: Power Market, Singapore, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal Power Generation (TWh), 2000-2030
Figure 13: Power Market, Singapore, Cumulative Installed Non-hydro Renewable Power Capacity (GW) and Annual Non-hydro Renewable Power Generation (TWh), 2000-2030
Note: Product cover images may vary from those shown
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  • Senoko Energy Pte Ltd.
  • YTL PowerSeraya Pte. Limited
  • Tuas Power Ltd
  • Keppel Merlimau Cogen Pte Ltd
  • Sembcorp Cogen Pte Ltd
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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