Global Power Industry Outlook, 2018

  • ID: 4515823
  • Report
  • Region: Global
  • 91 Pages
  • Frost & Sullivan
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More than $400 Billion Invested Annually in New Power Capacity as Renewables Continue to Dominate

The author’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, the author 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?
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1. EXECUTIVE SUMMARY

  • Key Highlights of 2017
  • Predictions for 2018
  • Global Installed Capacity Change by Fuel, 2017-2021
  • Global Power Generation Market Investment Trends
  • Installed Capacity Forecast
  • Key Regional Market Highlights

2. RESEARCH SCOPE AND SEGMENTATION

  • Research Scope

3. KEY GLOBAL TRENDS TO WATCH - POWER AND ENERGY MARKET

  • 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

4. SOLAR POWER MARKET OUTLOOK

  • 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

5. WIND POWER MARKET OUTLOOK

  • 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

6. COAL POWER MARKET OUTLOOK

  • 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

7. GAS POWER MARKET OUTLOOK

  • 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

8. NUCLEAR POWER MARKET OUTLOOK

  • 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

9. BIOMASS POWER MARKET OUTLOOK

  • 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

10. HYDROPOWER MARKET OUTLOOK

  • Hydropower Market Outlook 2018
  • Global Hydropower Market Capacity Trends
  • Global Hydropower Market Investment Trends
  • Key Regional Market Highlights
  • Key Hydro Power Market Participants

11. GROWTH OPPORTUNITIES AND COMPANIES TO ACTION

  • 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

12. KEY CONCLUSIONS

  • Legal Disclaimer

13. APPENDIX

  • Table of Acronyms Used
  • Learn More - Next Steps
  • List of Exhibits
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