Global thermal power market to generate 19,869.1 TWh by 2020, finds new report

Efficient fossil fuel technologies will drive the ongoing growth of the global thermal power market, with generation expected to hit 19,869.1 TWh by 2020, as countries across the world work towards green, low-carbon and sustainable development, according to new report .

The report states that recent years have seen heavier investment into research and development (R&D) to improve fossil fuel technologies that can generate power at a higher capacity factor, whilst displaying a minimal impact on the environment. The fact that energy efficiency and security form the foundations of many countries’ power policies has been a major contributing factor, says the report.

Carbon Capture and Storage (CCS) has been deemed one of the most efficient technologies developed for reducing carbon dioxide emissions while maintaining the use of fossil fuels for electricity generation. Similarly, Combined Heat and Power (CHP) provides an efficient and clean approach to generating electricity, and useful thermal energy, from one fuel.

Leading analyst of this report says: “These two technologies are in high demand among countries where electricity is mainly generated from thermal resources, and the governments of major economies have been focusing substantially on the mandatory adoption of such technologies to help reduce emissions from their respective power sectors.”

Already, the US government has rolled out various acts and policies, such as the Energy Improvement and Extension Act (EIEA) of 2008, the Clean Energy Standard Act (2012) and the Energy Policy Act (2005), which make the adoption of CCS and CHP technologies obligatory, while also supporting power facilities financially in adopting it.

Likewise, countries such as India, China, the UK and Germany have also been taking significant steps towards the adoption of these technologies in order to reduce local emissions.

“There are many plans and policies currently being formulated across the globe to ensure sufficient take-up of these more efficient technologies. If successful, this will provide a significant boost for the thermal power market over the forecast period,” analyst concludes.

This report provides information on the major thermal energy policies across the US, the UK, Germany, Russia, Japan, South Africa, China, India, Indonesia and South Korea, providing current and future thermal energy targets and plans, along with the present policy framework. It also details specific policies and incentives provided in each of these countries for adopting cleaner and efficient fossil fuel technologies.

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Global gas-generator set (genset) market to reach $6 billion in 2020, finds new report

Driven by recent discoveries of gas reserves in several countries, the global gas-generator set (genset) market is forecast to increase from $3.3 billion in 2013 to $6 billion in 2020, at a Compound Annual Growth Rate (CAGR) of 8.9%.

According to the latest report, the North American region has the highest share of the global gas-genset market, with 33%, followed by Latin America and Asia-Pacific, with respective shares of 30% and 20%.

The US will continue to be the dominant player during the forecast period, since the discovery of shale gas reserves in the country, along with its commercial exploitation of these reserves, have helped lower gas prices and therefore further driven the market for gas-gensets.

Analyst of this report, says: “From a long-term perspective, gas-gensets are more economical compared to diesel-gensets, but even so, they are still not the preferable option for all end consumers. Global consumers need to be made more aware of the benefits of using gas-gensets, including the fact that they help in the reduction of greenhouse gas emissions. Moreover, governments need to take more assertive action in terms of infrastructural development for gas networks.”

Another key market driver is the fact that many countries have implemented strict emission norms for regulating the level of harmful emissions from diesel-gensets, which will boost the adoption of gas-gensets.

However, most countries, both developed and developing, do not have proper gas infrastructure. As a result, even if gas is available in a particular country, it cannot be transported to distant locations due to the absence of gas pipelines. Furthermore, the investment required for laying pipelines is also high.

Due to these limiting factors, end consumers often find it relatively more expensive to opt for gas-gensets, which could therefore restrict any further market growth.

This report gives detailed information on the gas generator market, focusing on the US, the UK, India, Brazil, China and Nigeria. Drivers, restraints, revenue forecast, segmentation of revenue by voltage level, end user segmentation and market share analysis are covered at the country level.

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Small-Wind-Power Market to Reach Over $3 Billion by 2020, Finds New Report

The small-wind-power market started growing on a commercial scale in the last decade. Even though small-wind installations are not prevalent across the world, the market is gradually expanding into various countries. The market size was $156m in 2008, and increased to $609m by 2012. The rate of growth is expected to increase in the future, with increasing incentives announced by various governments and increasing end-user awareness. The major applications of small-wind turbines include battery charging, residential consumption, irrigation and small industrial and commercial purposes. With the increasing usage of small-wind turbines the market size is expected to reach $3 billion by 2020.

China, the US and UK contribute more than 80% of the global small-wind-power installed capacity. China is the leader, with a cumulative capacity of 266 Megawatts (MW) in 2012. The US and UK follow China with 216 MW and 118 MW respectively. Small-wind power has huge potential in China, due to the large rural population and the requirement for distributed power systems. The country also has more than 80 small-wind-turbine manufacturers and manufactures the largest number of small-wind turbines. China, with more than 100 MW of small-wind-turbine exports for the last three years, is the hub of the global small-wind-turbine market.

The US is one of the pioneers of the small-wind-turbine market. The UK is the fastest growing small-wind-power market, and installed more than 50 MW in 2012. Its small-wind-power market is expected to grow further due to financial incentives under the renewable obligation, implementation of Feed-in Tariff (FiT) policies, and streamlining of administrative procedures.

The report provides an understanding of the technology and market forces in the global small wind power market, as well as cost analysis, and data on installed capacity and power generation for the 2008-2020 period. It covers the global market size of the small wind market, and analysis of small wind turbine range.

The countries covered are the US and Canada in the North American region; Germany, Spain and the UK in the European region; and China and India in the Asia-Pacific region. For all countries analyzed the report provides a regulatory framework for the small wind power market, as well as information on major small wind turbine manufacturers from various regions across the world.

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Offshore Wind Power Expected to Contribute 29% of Total Operations and Maintenance Market by 2020, Finds New Report

In 2012, global wind power capacity reached 281 Gigawatts (GW), with an addition of 44 GW over the year. Offshore wind power capacity also grew at pace, with 1.3 GW of installations in 2012. More than 187 GW of wind power capacity was added during the period 2008 to 2012, which has drastically increased Operations and Maintenance (O&M) expenditure, from $3.5 billion in 2008 to $7.3 billion in 2012, at a Compound Annual Growth Rate (CAGR) of 15.6%. The increasing age of wind turbines and the failure of components such as blades and gearboxes are the major reasons for the increasing O&M costs in the wind industry.

The O&M market’s growth is currently restrained by a lack of skilled manpower, and the cost of logistics. However, the increase in the wind power O&M market is leading to an increase in companies providing specialized wind turbine O&M services, which in turn is decreasing the cost of O&M services. Considering the above factors, the wind power O&M market is expected to reach $19 billion by 2020.

Offshore wind accounted for 8% of the total wind O&M market in 2012, with a market size of $0.55 billion. Offshore wind attracts higher O&M costs in comparison to onshore wind. Higher turbine maintenance, high logistics costs and a lack of skilled manpower make offshore wind services more challenging than the onshore equivalent. Although onshore wind also faces logistics and manpower issues, the impact of these factors on the offshore segment is higher. It is estimated that revenues from the offshore wind O&M market segment will continue to grow to reach a market size of $5.6 billion, equating to a 29% share of the total wind power O&M market in 2020.

The UK, Germany and China will be largest contributors to the offshore wind power O&M market, with contributions of $1.7 billion, $0.632 billion and $0.628 billion respectively.

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$75 billion opportunity in global hydropower market, finds new report

The hydropower market is a lucrative sector for investment, with a less risky portfolio than other renewables. Additionally, various countries have announced expansion targets and supportive programs for the development of this sector.

The global cumulative hydropower installed capacity is expected to increase from 1,065 Gigawatts (GW) in 2012 to 1,407 GW in 2020, at a Compound Annual Growth Rate (CAGR) of 3.5%, with investments reaching $75 billion in the same period.

According to the report, the total for 2020 is expected to be comprised of 1,052 GW of large hydro capacity, 215 GW of pumped storage and 140 GW of small hydropower capacities.

According to the lead analyst of this report "Although fossil fuels dominate electricity generation across the world, more than 60 countries use hydropower to meet more than half of their electricity needs. The technology is the most popular non-polluting source of electricity generation for various reasons, including its ability to respond to changing electricity demand, water management and flood control.”

During the forecast period, the Asia-Pacific region is expected to add the highest amount of hydropower capacity, with approximately 208 GW. China has large-scale hydropower capacity addition plans and is likely to contribute 147.3 GW to its power generation portfolio by 2020. India, Indonesia and Vietnam are planning to add around 23.2 GW, 9.4 GW and 5.8 GW, respectively. Europe and North America, which have mature hydropower markets, will also experience growth in installations with the addition of 271 GW and 197 GW, respectively. The increase in hydropower across these regions is expected to be driven primarily by the expansion of pumped storage capacity and the modernization and refurbishment of existing plants.

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Stationary fuel cell market to reach $7.52 billion by 2020, finds new report

The stationary fuel cell market is forecast to show massive growth, thanks to increasing interest in the technology and government subsidy programs, climbing from $390m in 2012 to $7.52 billion by 2020, at a Compound Annual Growth Rate of 44.7%. According to the latest report, the use of fuel cells is expected to increase significantly in several applications. The most important of these will be Combined Heat and Power systems, vehicles, material handling equipment, Auxiliary Power Units and portable charges for consumer electronics.

Additionally, stationary fuel cell installation is expected to jump from 186.9 Mega-Watts (MW) in 2013 to 6,266 MW by 2020, due to expected decreases in costs for set up, shipment and installation. In fact, report forecasts the cost of a stationary fuel cell system to decrease by more than 50%, from $3,000 per Kilowatt (kW) in 2013 to $1,200 kW by 2020.

The global fuel cell market is currently in its nascent stages but is one of enormous growth prospects and potential. The use of fuel cells is expected to increase significantly in several applications, most important of them being residential Combined Heat and Power (CHP) systems, vehicles, material handling equipment, Auxiliary Power Units (APUs) and portable chargers for consumer electronics. Currently, stationary fuel cells, including small residential systems and larger industrial and megawatt (MW) level systems contribute the most to the annual fuel cell shipments and installations each year. However, it is expected that by 2020, FCEVs would contribute the most in terms of capacity of fuel cells installed annually.

“Fuel Cells - Global Market Size, Segmentation, Competitive Landscape, Regulations and Key Country Analysis to 2020” report provides in depth analysis on global fuel cell market. The report also provides market analysis of key countries - US, UK, Germany, Republic of Korea, and Japan. The research provides historical and forecast data to 2020 for installed capacity (in MW), and market size (in $m/$bn) globally and for each of the key countries. The report also provides the market share of major fuel cell manufacturers globally and gives a brief description of each of these manufacturers. The report also discusses the drivers and restraints for the global fuel cell market.

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Chinese Solar PV Product export value reduced by 8.5% in 3Q 2013, according to new report

According to the report, Chinese Solar PV Product export value reduced by 8.5% in 3Q 2013

Highlights of latest Chinese Solar Photovoltaic research findings include:

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• uropean Union safeguard activities like anti-dumping and anti-subsidy had forced Chinese solar PV (Photovoltaic) makers to fast clear their inventories before April 2013; as a result, China’s exports to European Union were reduced in May and June and continued under pressure in the third quarter of 2013
• Asia is gradually taking over the place of Europe, becoming the major export destination for Chinese solar PV products, especially Japan
• Importance of the United States and other emerging markets on Chinese solar PV makers has become increasing manifest
• Japan continues to take the lion’s share of Chinese solar PV exports; price competition in the Japanese solar PV market is intensifying, thereby affecting sales of Japanese branded modules and battery cells manufactured by Taiwanese makers
• Based on the exports information disclosed by General Administration of Customs of the People’s Republic of China, it is observed that there are growing numbers of Chinese solar PV makers exporting their products to JVs and their contract partners situated in Southeast Asia, India, and Turk

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