Power Market Status and Trends

Power Market Status and Trends

Summary

Global installed power capacity reached 6,473 gigawatts (GW) in 2016 and is expected to reach 8,259 GW in 2022 at a compound annual growth rate (CAGR) of 4.1%. The global power industry is characterized by heavy dependence on thermal fuel sources for power generation, as major power-generating countries such as China, the US, India, Japan, and Russia 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 crucial 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 61.1% share of the global installed capacity in 2016. Cumulative installed capacity for thermal power was 3,971 GW in 2016 and is expected to reach 4,604 GW by 2022 at a CAGR of 2.5%. Hydropower is the second-largest power-generating source with a cumulative installed capacity of 1,204 GW in 2016 and accounted for a share of 18.5% of the global pie. Renewable energy sources constituted 938 GW (excluding hydropower) in 2016 and had an installed capacity share of 14.4%. Wind power was the largest renewable source with a share of over 7.7% of the global power capacity in 2016 followed by solar photovoltaic (PV) (4.7%) and biopower (1.8%).

Scope

- The report covers the current global power market status and key trends. It provides details of the global installed capacity during the period 2016-2022, installed capacity share by power generating source (2016), primary energy consumption (2010-2025), power consumption trend (2010-2025), share of renewables in total installed power capacity (2016-2022), and the global installed capacity mix (2016-2022)
- It also discusses about thermal and nuclear power market
- Provides an overview of the renewable power sector and major policy changes

Reasons to buy

- To gain insights of the global power market status and major trends
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 2
2.1 Current Power Market Status 2
2.2 Key Trends 2
2.2.1 Thermal 4
2.2.2 Nuclear 8
2.2.3 Renewable Sources 10
2.2.4 Way Forward 19
3 Appendix 20
3.1 Abbreviations 20
3.2 Contact Us 20
3.3 Disclaimer 20

List Of Tables


Table 1: Taiwan, 2017 FiT rates and 2018 Tentative Feed-in Tariffs 17
Table 2: T-FiT Periods and Tariffs 17
Table 3: Abbreviations 20

List Of Figures


Figure 1: Power Market, Global, Installed Capacity (GW), 2016-2022 2
Figure 2: Power Market, Global, Installed Capacity Share by Power-Generating Source (%), 2016 2
Figure 3: Power Market, Global, Primary Energy Consumption (mtoe), 2010-2025 3
Figure 4: Power Market, Global, Power Consumption (TWh), 2010-2025 3
Figure 5: Thermal Power Market, Global, Cumulative Installed Capacity (GW), 2016-2022 5
Figure 6: Nuclear Power Market, Global, Cumulative Installed Capacity (GW), 2016-2022 8
Figure 7: Renewable Power Market, Global, Share of Renewables in Total Installed Power Capacity (%), 2016-2022 11
Figure 8: Wind Power Market, Global, Major Developments 11
Figure 9: Power Market, Global, Installed Capacity Mix (%), 2016-2022 19

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