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The natural gas power generation market 2013 2023

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For more information on this report please contact ediz.ibrahim@visiongain.com (+44 (0) 2075499976) or refer to our website: …

For more information on this report please contact ediz.ibrahim@visiongain.com (+44 (0) 2075499976) or refer to our website: http://www.visiongain.com/Report/1069/The-Natural-Gas-Power-Generation-Market-2013-2023

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  • 1. ©notice This material is copyright 2010 by visiongain. It is against the law to reproduce any of this material without the prior written agreement of visiongain. You cannot photocopy, fax, download to database or duplicate in any other way any of the material contained in this report. Each purchase and single copy is for personal use only. The Natural Gas Power Generation Market 2013-2023
  • 2. www.visiongain.com Contents 1. Executive Summary 1.1 Global Natural Gas Power Market Overview 1.2 Benefits of This Report 1.3 Who is This Report For? 1.4 Methodology 1.5 Global Natural Gas Power Generation Market Forecast 2013-2023 1.6 Leading National Natural Gas Power Generation Market Forecasts 2013-2023 2. Introduction to the Natural Gas Power Generation Market 2.1 The Gas Power Generation Market Definition and Power Plants Covered 2.1.1 Steam Power Plants 2.1.2 Open Cycle Gas Turbine (OCGT) 2.1.3 Combined Cycle Gas Turbine (CCGT) 2.2 Gas Market Trends 2.3 Current Situation in the Gas Power Generation Market 3. Global Natural Gas Power Generation Market 3.1 Global Natural Gas Power Generation Market Forecast 2103-2023 3.2 Global Under Construction and Planned Natural Gas Power Capacity Additions 3.3 Drivers & Restraints in the Natural Gas Power Generation Market 4. Leading National Natural Gas Power Generation Markets 2013-2023 4.1 Leading National Natural Gas Power Generation Markets Share Forecast 2013-2023 4.2 Barriers to Entry Analysis 4.3 The Chinese Natural Gas Power Generation Market Forecast 2013-2023 4.3.1 Drivers & Restraints in the Chinese Gas Power Generation Market 4.3.2 Chinese Gas Power Capacity Additions 4.3.3 Analysis of the Chinese Natural Gas Power Generation Market 4.4 The US Natural Gas Power Generation Market Forecast 2013-2023 4.4.1 Drivers & Restraints in the US Gas Power Generation Market 4.4.2 US Natural Gas Power Capacity Additions 4.4.3 Analysis of the US Natural Gas Power Generation Market 4.5 The Russian Natural Gas Power Generation Market Forecast 2013-2023 4.5.1 Drivers and Restraints in the Russian Gas Power Generation Market 4.5.2 Russian Natural Gas Power Capacity Additions 4.5.3 Analysis of the Russian Gas Power Generation Market 4.6 The Saudi Arabian Natural Gas Power Generation Market Forecast 2013-2023 4.6.1 Drivers & Restraints in the Saudi Arabian Natural Gas Power Generation Market
  • 3. www.visiongain.com Contents 4.6.2 Saudi Arabian Natural Gas Power Capacity Additions 4.6.3 Analysis of the Saudi Arabian Gas Power Generation Market 4.7 The Thai Natural Gas Power Generation Market Forecast 2013-2023 4.7.1 Drivers & Restraints in the Thai Natural Gas Power Generation Market 4.7.2 Thai Gas Power Capacity Additions 4.7.3 Analysis of the Thai Natural Gas Power Generation Market 4.8 The UK Natural Gas Power Generation Market Forecast 2013-2023 4.8.1 Drivers & Restraints in the UK Natural Gas Power Generation Market 4.8.2 UK Natural Gas Power Capacity Additions 4.8.3 Analysis of the UK Natural Gas Power Market 4.9 The Turkish Natural Gas Power Generation Market Forecast 2013-2023 4.9.1 Drivers & Restraints in the Turkish Natural Gas Power Generation Market 4.9.2 Turkish Natural Gas Power Capacity Additions 4.9.3 Analysis of the Turkish Natural Gas Power Market 4.10 The Japanese Natural Gas Power Generation Market Forecast 2013-2023 4.10.1 Drivers & Restraints in the Japanese Natural Gas Power Generation Market 4.10.2 Japanese Gas Power Capacity Additions 4.10.3 Analysis of the Japanese Gas Power Market 4.11 The German Natural Gas Power Generation Market Forecast 2013-2023 4.11.1 Drivers & Restraints in the German Natural Gas Power Generation Market 4.11.2 German Gas Power Capacity Additions 4.11.3 Analysis of the German Gas Power Generation Market 4.12 The Rest of the World Natural Gas Power Generation Market Forecast 2013-2023 4.12.1 Other Major Asian Gas Power Generation Markets 4.12.1.1 Korea 4.12.1.2 India 4.12.1.3 Indonesia 4.12.2 Other Middle East and North Africa Gas Power Generation Markets 4.12.2.1 Iran 4.12.2.2 Algeria 4.12.2.3 The United Arab Emirates 4.12.3 Other European Gas Power Markets 4.12.4 Other Americas Gas Power Markets 4.12.4.1 Mexico 5. PEST Analysis of the Natural Gas Power Generation Market 2013- 2023
  • 4. www.visiongain.com Contents 6. Leading Companies in the Gas Power Generation Market 6.1 Alstom Overview 6.1.1 Regional Focus 6.1.2 Analysis and Future Outlook 6.2 Bechtel Corporation Overview 6.2.1 Regional Focus 6.2.2 Analysis and Future Outlook 6.3 Burns & McDonnell Overview 6.3.1 Regional Focus 6.3.2 Analysis and Future Outlook 6.4 Doosan Heavy Industries & Construction Overview 6.4.1 Regional Focus 6.4.2 Analysis and Future Outlook 6.5 E4 Group Overview 6.5.1 Regional Focus 6.5.2 Analysis and Future Outlook 6.6 Fluor Corporation Overview 6.6.1 Regional Focus 6.6.2 Analysis and Future Outlook 6.7 General Electric (GE) Overview 6.7.1 Regional Focus 6.7.2 Analysis and Future Outlook 6.8 Hitachi Overview 6.8.1 Regional Focus 6.8.2 Analysis and Future Outlook 6.9 Mitsubishi Heavy Industries Overview 6.9.1 Regional Focus 6.9.2 Analysis and Future Outlook 6.10 Siemens AG Overview 6.10.1 Regional Focus 6.10.2 Analysis and Future Outlook 6.11 Other Leading Companies in the Natural Gas Power Generation Market 7. Conclusions 7.1 Natural Gas Power Generation Market Outlook to 2023 7.2 The Global Natural Gas Power Generation Market Forecast 2013-2023 7.3 Leading National Natural Gas Power Generation Market Forecasts 2013-2023
  • 5. www.visiongain.com Contents 8. Glossary
  • 6. www.visiongain.com Contents List of Tables Table 1.1 Leading National Natural Gas Power Generation Market Forecasts Summary 2013, 2018, 2023 ($bn, CAGR %) Table 3.1 Global Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 3.2 Global Natural Gas Power Generation Market Drivers & Restraints Table 4.1 Leading National Natural Gas Power Generation Markets Forecast 2013-2023 ($m, AGR %) Table 4.2 Leading National Natural Gas Power Generation Markets CAGR Forecast 2013-2018, 2018-2023 & 2013-2023 (CAGR %) Table 4.3 Chinese Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.4 Key Chinese Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW)) Table 4.5 US Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.6 Key US Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (GW), Gas Power Additions (GW)) Table 4.7 Russian Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.8 Key Russian Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW)) Table 4.9 Saudi Arabian Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.10 Key Saudi Arabian Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW)) Table 4.11 Thai Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.12 Key Thai Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW)) Table 4.13 UK Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.14 Key UK Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW))
  • 7. www.visiongain.com Contents Table 4.15 Turkish Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.16 Key Turkish Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW)) Table 4.17 Japanese Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.18 Key Japanese Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW)) Table 4.19 German Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.20 Key German Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW)) Table 4.21 Rest of the World Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.22 Key Korean Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (MW)) Table 4.23 Key Indian Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW)) Table 4.24 Key Iranian Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW)) Table 4.25 Key Algerian Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (GW), Gas Power Additions (GW)) Table 4.26 Key Mexican Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (GW), Gas Power Additions (GW)) Table 5.1 Comparison of Construction Periods for Gas, Coal and Nuclear Power Plants (months) Table 5.2 Comparison of Upfront Costs for Gas, Coal and Nuclear Power Plants ($/MW) Table 5.3 Comparison of Efficiencies of Gas, Nuclear and Coal Power Plants (%) Table 6.1 Leading 10 EPC Companies in the Gas Power Generation Market 2013-2015 (Market Ranking, Capacity Additions, Market Share %) Table 6.2 Alstom Overview 2012 (Total Revenue, Revenue from Market, % Revenue From Market, Global Market Share %, HQ, Employees, Ticker, Contact, Website)
  • 8. www.visiongain.com Contents Table 6.3 Alstom Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.4 Bechtel Corporation Overview 2012 (Total Revenue, Revenue from Market, % Revenue From Market, Global Market Share %, HQ, Employees, Website) Table 6.5 Bechtel Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.6 Burns & McDonnell Overview 2012 (Total Revenue, Global Market Share %, HQ, Employees, Contact, Website) Table 6.7 Burns & McDonnell Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.8 Doosan Heavy Industries & Construction Overview 2012 (Total Revenue, Revenue from Market, % Revenue From Market, Global Market Share %, HQ, Employees, Ticker, Website) Table 6.9 Doosan Heavy Industries & Construction Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.10 E4 Group Overview 2012 (Total Revenue, Order Backlog, Global Market Share %, HQ, Employees, Contact, Website) Table 6.11 E4 Group Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.12 Fluor Corporation Overview 2012 (Total Revenue, Revenue from Market, % Revenue From Market, Global Market Share %, HQ, Employees, Ticker, Contact, Website) Table 6.13 Fluor Corporation Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.14 Fluor Corporation Order Backlog by Region ($m, %) Table 6.15 General Electric Overview 2012 (Total Revenue, Revenue from Market, % Revenue From Market, Global Market Share %, HQ, Ticker, Contact, Website) Table 6.16 General Electric Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.17 Hitachi Overview 2012 (Total Revenue, Revenue from Market, % Revenue From Market, Global Market Share %, HQ, Employees Ticker, Contact, Website) Table 6.18 Hitachi Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.19 Mitsubishi Heavy Industries Overview 2012 (Total Revenue, Revenue from Market, % Revenue From Market, Global Market Share %, HQ, Ticker, Website) Table 6.20 Mitsubishi Heavy Industries Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.21 Siemens AG Overview 2012 (Total Revenue, Revenue from Market, % Revenue From Market, Global Market Share %, HQ, Employees, Ticker, Contact, Website)
  • 9. www.visiongain.com Contents Table 6.22 Siemens AG Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.23 Siemens AG New Orders by Region (¬Bn, %) Table 6.24 Other Leading Companies in the Natural Gas Power Generation Market 2013 (Company, HQ, Gas Power Markets, Main Gas Power Service) Table 7.1 Leading National Natural Gas Markets Market Forecasts Summary 2013, 2018, 2023 ($bn), 2013-2023 CAGR (%)
  • 10. www.visiongain.com Contents List of Figures Figure 2.1 Global Installed Power Generation Capacity by Fuel 2012 (GW, %) Figure 2.2 Installed Natural Gas Power Generation by Country 2012 (%) Figure 3.1 Global Natural Gas Power Generation Market Forecast 2013-2023 ($bn, AGR %) Figure 3.2 Global Natural Gas Power Capacity Additions to 2018 (MW) Figure 4.1 Leading National Natural Gas Power Generation Markets Forecast 2013-2023 ($m) Figure 4.2 Leading National Natural Gas Power Generation Markets Share Forecast 2013 (%) Figure 4.3 Leading National Natural Gas Power Generation Markets Share Forecast 2018 (%) Figure 4.4 Leading National Natural Gas Power Generation Markets Share Forecast 2023 (%) Figure 4.5 Barriers to Entry vs. National Market Size 2013 vs. CAGR% 2013-2023 ($bn, AGR %) Figure 4.6 Chinese Natural Gas Power Generation Market Forecast 2013-2023 ($bn, AGR %) Figure 4.7 Chinese Natural Gas Power Generation Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.8 Anticipated Chinese Natural Gas Power Additions 2013-2023 (MW) Figure 4.8 US Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %) Figure 4.9 US Natural Gas Power Generation Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.10 Henry Hub Natural Gas Price History 2003-2013 ($/MMBtu) Figure 4.11 CO2 Emissions from Gas, Oil & Coal (Lbs/billion BTU) Figure 4.12 US Natural Gas Power Capacity Additions 2012-2020 (MW) Figure 4.13 Cumulative US Natural Gas Power Capacity Additions by State 2012-2016 (MW) Figure 4.14 US Natural Gas Power Retirements by Capacity 2012-2021 (MW) Figure 4.15 US Electricity Production 1973-2012 (Million kWh) Figure 4.16 Russian Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %) Figure 4.17 Russian Natural Gas Power Generation Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.18 Russian Natural Gas Power Capacity Additions 2013-2016 (MW) Figure 4.19 Saudi Arabian Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %) Figure 4.20 Saudi Arabian Natural Gas Power Generation Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.21 Saudi Arabian Natural Gas Power Additions 2013-2020 (MW) Figure 4.22 Thai Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %) Figure 4.23 Thai Natural Gas Power Generation Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.24 Thai Natural Gas Power Generation Additions 2013-2023 (MW) Figure 4.25 UK Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %)
  • 11. www.visiongain.com Contents Figure 4.26 UK Natural Gas Power Generation Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.27 UK Natural Gas Power Additions 2012-2018 (MW) Figure 4.28 Turkish Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %) Figure 4.29 Turkish Natural Gas Power Generation Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.30 Turkish Natural Gas Power Additions 2012-2020 (MW) Figure 4.31 Turkish Natural Gas Import Dependency by Country (%) Figure 4.32 Japanese Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %) Figure 4.33 Japanese Natural Gas Power Generation Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.34 Japanese Natural Gas Power Additions 2012-2021 (MW) Figure 4.35 German Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %) Figure 4.36 German Natural Gas Power Generation Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.37 German Natural Gas Power Additions 2012-2023 (MW) Figure 4.38 German Natural Gas Power Additions by Federal State 2012-2023 (MW) Figure 4.39 Rest of the World Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %) Figure 4.40 Rest of the World Natural Gas Power Generation Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.41 Korean Natural Gas Power Capacity Additions 2013-2017 (MW) Figure 5.1 Levelised, Fixed and Variable Costs of New Power Plants to 2018 ($/MWh) Figure 5.2 Comparison of US, European and Japanese Gas Prices 2003-2013 ($/MMBtu) Figure 6.1 Leading Companies in the Gas Power Generation New Projects Market Share 2013- 2015 (% share)
  • 12. www.visiongain.com Contents Companies Mentioned in This Report ABB Group Abengoa ACWA Alstom Bechtel Corporation BP Burns & McDonnell Centrica CFE (Comisión Federal de Electricidad) Chevron China National Petroleum Corporation (CNPC) Chubu Electric Power Co. Inc Chugoku Electric Power Co. Inc Competitive Power Ventures (CPV) Daewoo Engineering & Construction Doosan Heavy Industries & Construction E.ON E4 Group EDF Emirates Nuclear Energy Corporation (ENEC) EnBW Enel EUAS FirstEnergy Fluor Corporation Fortum Gazprom GDF Suez Gemma Power Systems General Electric (GE) Hitachi Hokkaido Electric Power Co. Inc Hokuriku Electric Power Company Hyundai Engineering Iberdrola Kansai Electric Power Co. Inc (KEPCO) KEPCO (Korea) Kyushu Electric Power Co. Inc
  • 13. www.visiongain.com Contents LCRA M + W Group Maaden METKA Mitsubishi Heavy Industries (MHI) Mitsui & Co., Ltd. Mott MacDonald Niko Resources Okinawa Electric Power Co. Inc POSCO Reliance Industries Royal Dutch Shell RWE Saudi Aramco Saudi Electric Company (SEC) Shikoku Electric Power Co. Inc Siemens AG Skanska Group SSE Statkraft Statoil Sumitomo Corporation TEPCO (Tokyo Electric Power Company) Tohoku Electric Power Co. Inc Toshiba Corporation Türkiye Elektrik Iletim A.S. (TEIAS) (Turkish Electricity Transmission Company) Vattenfall Wartsila Xcel Energy Zachry Construction Corporation Government Agencies and Other Organisations Mentioned in This Report Bundesnetzagentur Colorado School of Mines Commonwealth of Independent States (CIS) Department of Energy and Climate Change (DECC) Electricity Generating Authority of Thailand (EGAT) Energy Information Administration (EIA) Environmental Protection Agency (EPA)
  • 14. www.visiongain.com Contents European Commission European Union (EU) Federal Energy Regulatory Commission (FERC) International Energy Agency (IEA) International Monetary Fund (IMF) National Association of Regulatory Utility Commissioners National Development and Reform Commission (NDRC) (China) Republic of Turkey Energy Market Regulatory Authority (EMRA) World Bank
  • 15. Page 50www.visiongain.com The Natural Gas Power Generation Market 2013-2023 4.5 The Russian Natural Gas Power Generation Market Forecast 2013- 2023 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2013-23 Capex $m 2,940 3,002 3,077 3,045 2,758 2,630 2,568 2,608 2,641 2,568 2,526 2,500 29,924 AGR (%) 2.1 2.5 -1.1 -9.4 -4.6 -2.4 1.6 1.3 -2.8 -1.7 -1.0 2018-23 -0.5 -1.8 -3.1CAGR (%) 2013-18 CAGR (%) 2013-23 -12.0 -10.0 -8.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 AGR $m Year Source: Visiongain 2013 Table 4.7 Russian Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Source: Visiongain 2013 Figure 4.16 Russian Natural Gas Power Generation Market Forecast 2013-2023 ($m, AGR %)
  • 16. Page 73www.visiongain.com The Natural Gas Power Generation Market 2013-2023 infrastructure is sparse and lignite is more abundant. The Turkish government has granted corporate tax allowances, customs duty exemptions and VAT exemptions to boost new development of lignite power plants. The moves have already provided an up tick in development with a $12bn bilateral agreement struck between Turkey and the UAE for the construction of coal power plants in early 2013. Lignite power capacity is expected to double by 2020 from its current 10.6GW. Nuclear power & Renewables – In an effort to increase diversification of energy supply in the electricity sector Turkey is also developing its first nuclear reactor in partnership with Russia. Long lead times will limit the competition of nuclear until late into the forecast period, however talks are already underway to develop a second facility. Up to 4.5GW of nuclear power capacity could be added by 2020. Turkey has also set a target to produce 30% of its electricity from renewable sources by 2023. The vast majority of this capacity will come from hydro development, but wind and solar power additions are also expected to be strong. 4.9.2 Turkish Natural Gas Power Capacity Additions Gas power capacity addition calculations for Turkey include a mixture of under construction, planned and anticipated gas fired power facilities up to 2020. New facilities are expected to come online relatively regularly with a peak of additions coinciding with the added availability of gas from the TANAP pipeline. 0 500 1000 1500 2000 2500 2012 2013 2014 2015 2016 2017 2018 2019 2020 MW Figure 4.30 Turkish Natural Gas Power Additions 2012-2020 (MW) Source: TEIAS, EMRA
  • 17. Page 90www.visiongain.com The Natural Gas Power Generation Market 2013-2023 4.12.2 Other Middle East and North Africa Gas Power Generation Markets 4.12.2.1 Iran Population 2012 78.9 million Population Growth Rate 2008-2012 1.2% Y-O-Y Electricity Demand Growth to 2023 0% (2.4% with sanctions lifted) Economic Growth 2012 -0.9% Installed Gas Power Capacity 2012 30,088 MW Forecast Gas Power Additions 10-15 GW Iran holds the second highest reserves of natural gas in the world behind Russia, and as such has a vast domestic resource to exploit for electricity production. Over 75% of Iran’s power generation derives from gas power plants, with the remainder coming from oil and hydropower. The country has an installed capacity of around 60MW. Future growth in the Iranian gas to power market will be restrained by the tightening sanctions on the country hindering economic growth. Iran is capable of engineering and building its own gas power plants and in the past was among the top producers of gas turbines, thus does not need the technological input from foreign companies. However, the country relies heavily on revenues from oil and gas exports to fund government spending. Economic growth is therefore expected to falter with continued sanctions on the country and thus energy demand growth will be limited to none. In fact a recent electricity subsidy reorganisation reduced domestic demand in 2012 and added to negative economic growth of -0.9% in the same year, creating a poor outlook for the future of electricity generation growth. In fact Iran was able to increase exports of electricity to neighbouring Armenia, Pakistan, Turkmenistan, Turkey, Azerbaijan, Iraq and Afghanistan, which will likely provide the only outlet for possible growth while international sanctions remain enforced. Table 4.24 Key Iranian Gas Power Market Indicators (Population & Growth Rate, Electricity Demand Growth, Economic Growth, Installed Gas Capacity (MW), Gas Power Additions (GW)) Source: World Bank, Visiongain 2013
  • 18. Page 115www.visiongain.com The Natural Gas Power Generation Market 2013-2023 6.8 Hitachi Overview 2012 Total company revenue $bn $96.182bn Revenue from Power Systems market $bn $9.624bn % of revenue from this market 10.0% Global market share % 1.8% Headquarters Tokyo, Japan Employees 323,540 Ticker JP: 6501 IR Contact ir@hdq.hitachi.co.jp Website www.hitachi.com Hitachi is a vast company covering business aspects from IT and communications to major infrastructure developments. The Power Systems division is the umbrella for the company’s major power plant developments, which involve thermal, nuclear, solar, hydro and wind generation systems. The company is perhaps better known for its nuclear development capabilities and has extensive references throughout Japan. However, Hitachi is also a major gas turbine and gas power plant developer, providing some of the most efficient CCGT technology on the market. Their gas turbine solutions are generally on a smaller scale of between 16.9 and 32 MW. Project Country Capacity (MW) Commissioning Year Kashima Japan 150 2013 Joetsu Group II Japan 1,190 2014 Kashima Japan 444 2014 Source: Visiongain 2013 Table 6.18 Hitachi Gas Power Generation Projects 2013-2015 (Name, Country, Capacity (MW), Commissioning Year) Table 6.17 Hitachi Overview 2012 (Total Revenue, Revenue from Market, % Revenue From Market, Global Market Share %, HQ, Employees Ticker, Contact, Website) Source: Hitachi, Visiongain