Power Market Status and Trends-Q1 2017

Power Market Status and Trends-Q1 2017


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Executive Summary

Power Market Status and Trends-Q1 2017

Summary

Global installed power capacity reached 6,492 gigawatts (GW) in 2016 from over 5,000 GW in 2010 at a compound annual growth rate (CAGR) of 4.3%. The global power industry is characterized by heavy dependence on thermal fuel sources for power generation, as major power-generating countries such as the US, China, Japan, Russia, and India have abundant coal reserves. In recent years, significant economic development in China and India and the increased use of coal resources have driven the rapid growth of thermal generation. As energy demand has continued to rise, global warming has become an even more important topic of discussion. With insecurities surrounding supplies of conventional fuels and volatile prices, renewable energy is emerging as a feasible alternative.

Thermal power is the largest power generating source with a 61.2% share of the total power capacity in 2016. Cumulative installed capacity for thermal power was 3,975 GW in 2016. Hydropower is the second-largest power generating source with a cumulative installed capacity of 1,202 GW in 2016 and accounted for a share of 18.5% of the global pie. Renewable energy sources constituted 925 GW in 2016 and had an installed capacity share of 14.2%. Wind power is the largest renewable source with a share of over 7.6% of the global power capacity in 2016 followed by solar photovoltaic (PV) (4.7%) and biopower (1.7%).

Scope

The report covers the current global power market status and key trends.

The report details global installed capacity during the period 2010-2016, installed capacity share by power generating source, primary energy consumption, power consumption, carbon emissions, share of renewables in total installed power capacity, and the global installed capacity mix

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1 Table of Contents

1 Table of Contents 1

1.1 List of Tables 1

1.2 List of Figures 1

2 Power Market Status and Trends-Q1 2017 2

2.1 Current Market Status 2

2.2 Key Trends 3

2.2.1 Thermal 4

2.2.2 Nuclear 6

2.2.3 Renewable Sources 7

2.2.4 Way Forward 11

3 Appendix 13

3.1 Abbreviations 13

3.2 Contact Us 13

3.3 Disclaimer 13

1.2 List of Figures

Figure 1: Power Market, Global, Installed Capacity (GW), 2010-2016 2

Figure 2: Power Market, Global, Installed Capacity Share by Power Generating Source (%), 2016 3

Figure 3: Power Market, Global, Primary Energy Consumption (mtoe), 2010-2025 3

Figure 4: Power Market, Global, Power Consumption (TWh), 2010-2025 4

Figure 5: Power Market, Global, Carbon Emissions (mt), 2010-2016 4

Figure 6: Renewable Power Market, Global, Share of Renewables in Total Installed Power Capacity (%), 2010-2025 8

Figure 7: Power Market, Global, Installed Capacity Mix (%), 2016-2025 11

1.1 List of Tables

Table 1: Solar PV Module Shipment Ranking by Manufacturer 2016 9

Table 2: Wind Turbine Manufacturer Ranking 2016 11

Table 3: Abbreviations 13

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RWE, Solarpack Corp, Tecnologica, Sunlink, NEXTracker, Flextronics, Welspun Energy, Tata Power, China Light and Power, Suzlon Energy, JinkoSolar Holding, Trina Solar, Canadian Solar Inc., JA Solar Holdings Co. Ltd., Hanwha Q Cells Co. Ltd., GCL System Integration Technology Co. Ltd., First Solar, Nordex, Acciona, GE Power, Siemens AG, Gamesa Corporacion Tecnologica S.A., LM Wind Power, Alstom, Vestas Wind Systems A/S, Xinjiang Goldwind Science & Technology Co. Ltd., Enercon GmbH

Power, Installed capacity, Compound annual growth rate, Generation, Thermal, Hydropower, Renewables, Solar photovoltaic, Biopower, Primary Energy Consumption, Electricity, Intended nationally determined contributions, Greenhouse gas , Carbon Emissions , Natural gas, Coal-fired, Combined heat and power, Biomass, Nuclear, Phase-out, Pressurized water reactor, Hinkley Point C , Feed-in-tariffs , Auctions, Module prices, Vertical integration, Shipments, average wind turbine size, Manufacturers, Trends

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