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Singapore Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape

  • July 2017
  • 52 pages
  • GlobalData
Report ID: 2114493

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Singapore Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape

Summary
Singapore is characterized by a lack of domestic energy resources, but it has huge success in harnessing its workforce and economic resources. It is an entrepôt economy - meaning that it imports resources and re-exports them after significant value addition. The services sector is the leading contributor to its Gross Domestic Product (GDP), contributing more than 70%. Between 2000 and 2016, the GDP, at constant prices, increased at a Compound Annual Growth Rate (CAGR) of 5%. Power consumption, of which the manufacturing and services sector is the leading contributor, also increased, at a CAGR of 3.2%.

Between 2000 and 2016, annual power consumption increased from 29.1 terawatt hours (TWh) to 48.6 TWh, owing to economic and population growth. Annual electricity generation increased from 31.7 TWh to 51.5 TWh, at a CAGR of 3.1%. Renewable generation is still in its nascent stages and the growth in electricity generation came almost entirely from thermal sources.

In 2016, thermal sources accounted for 96.9% of installed capacity, with gas contributing 75.7% of total installed capacity, oil contributing 20.5%, and coal only 0.8%. Renewable sources contributed the remaining 3%, of which biopower contributed 2.1%, and solar photovoltaic (PV) contributed 0.9%.

Though thermal power sources will continue to dominate the power mix, the share of renewable energy is expected to grow substantially. The government is emphasizing the development of solar projects, which has been slow due to the government’s reluctance to promote it with incentives. There is significant potential for the development of the renewable power sector, even without government support (SEAS, 2014). Singapore’s renewable power generation is a little over 1 TWh, but it is expected to reach nearly 4 TWh by 2030, mainly through solar power installations.

The report "Singapore Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape" elaborates Singapore’s power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030.

In particular, this report provides the following -
- Provides a snapshot of the key parameters that affect the power sector, as well as key points about the power market.
- Provides analysis of the power market.
- Details the regulatory control of the power market and the inward foreign investment scenario.
- Provides information on cumulative installed capacity and annual generation trends, by individual generation source.
- Describes the power transmission and distribution (T&D) infrastructure and provides information on interconnectors with neighboring countries

Companies mentioned in this report: Senoko Energy Pte Ltd, YTL PowerSeraya Pte. Limited, Tuas Power Ltd, Keppel Merlimau Cogen Pte Ltd, Sembcorp Cogen Pte Ltd.

Scope
- Snapshot of the country’s power sector across parameters - macro economics, supply security, generation infrastructure, transmission infrastructure, degree of competition, regulatory scenario and future potential of the power sector.
- Statistics for installed capacity, power generation and consumption from 2000 to 2016, forecast for the next 14 years to 2030.
- Break-up by technology, including thermal, hydro, renewable and nuclear
- Data on leading current and upcoming projects.
- Information on grid interconnectivity, transmission and distribution infrastructure and power exports and imports.
- Policy and regulatory framework governing the market.
- Detailed analysis of top market participant, including market share analysis and SWOT analysis.

Reasons to buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identification of key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy and prospects.

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