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Global Markets for Natural Gas-Fired Electricity Generation

The global market for natural gas - fired electricity generation is expected to reach nearly $34.0 billion in 2012, and is forecast to grow to $41.2 billion by 2017 at a compound annual growth rate (CAGR) of 3.9%.

The Asia-Pacific market was nearly $14.5 billion in 2011 and is expected to expand to $15.7 billion in 2012 and to grow to nearly $20.7 billion in 2017, a CAGR of 5.7% between 2012 and 2017.

Within Europe and Eurasia, the total market will reach $7 billion in 2012 and is expected to grow to $7.5 billion in 2017, a CAGR of 1.3% for 2012 to 2017.

SUMMARY FIGURE
GLOBAL MARKET FOR NATURAL GAS - FIRED ELECTRICITY GENERATION BY
REGION, 2010-2017 ($ MILLIONS)

Source: BCC Research

STUDY GOALS AND OBJECTIVES

This study provides a comprehensive analysis of the market for natural gas - fired electricity generation on a global basis. Its aim is to provide a range of information, from detailed regional analyses to overall industry trends, in order to quantify and forecast markets for electricity generation. Various types of electricity generation are forecast on a global basis. Forecasts and trends are predicted based on a cross-reference of data points gleaned from government, industry, and other data sources to arrive at a cogent and coordinated forecast.

REASONS FOR DOING THE STUDY

The global market for natural gas - fired electricity generation is large and growing at a relatively high rate. The market is also extremely complicated in terms of technology, policies and regulations, and economics. This report measures and analyzes different geographic and technology markets in order to help readers identify the regions and technologies where they can find the most promising opportunities.

The report also seeks to address changing market dynamics in the industry, emerging geographies, and types of technologies that are forecast to grow in each region. This study also provides insight into the market structure in each region. Such insight helps companies to identify global markets that are ripe for opportunity and those where entry or competition will be particularly difficult.

SCOPE OF REPORT

This report presents an analysis of current and historical installed capacity of electricity generation in key regions in the world. The analysis is organized by technology type, and data are presented for 2010, 2011, and 2012, with forecasts to 2017.

This report also presents forecasts for the size and growth of the electricity generation market in each country and region of the world. The report includes an analysis of the major industry structure of each market by geography. This analysis includes the levels of privatization versus public ownership of the electricity generation industry in a given market. It also covers the ways in which the markets function and the level of competition present. Relevant regulatory organizations, controls, and issues are also discussed.

Important government policies are presented as they relate to electricity generation and the industry in each country and region. The projected effects of these policies on the forecasts for electricity generation in each country and region are discussed. International agreements and regional cooperation are important to the electricity generating industries of many countries in the world, and these aspects are also discussed where they are relevant.

Industry trends in each technology market are presented. The discussion of industry trends supplements the market forecasts by giving the reader of sense of what drives each forecast. The study also provides a competitive analysis of the major firms involved in electricity generation around the globe. The firms that are analyzed include the major companies that are active in the major markets covered in the report. These companies include independent power producers, electric utilities with generation businesses for their own consumption or for sale on the wholesale market, and integrated utility companies that have a strong presence in the electricity generation industry.

Market figures are based on total installed capital cost of generation and are projected at 2012 dollar value. Inflation is not computed into the projection figures.

ANALYST CREDENTIALS

Stephanie Denarie earned a bachelor's degree in environmental studies from Brown University and has completed coursework in corporate finance at the University of California at Berkeley and San Francisco State University.

Ms. Denarie has intensive experience in energy transmission modeling and financial management, and has consulted for groups as diverse as Optimum Energy, LLC, the states of Utah and California, the National Renewable Energy Laboratory (NREL), and Black & Veatch Corp.. Stephanie has developed several economic models and software tools to forecast price and economic competitiveness for energy projects, most especially for local renewable energy resources in diverse renewable energy markets.

Table of Contents

Global Markets for Natural Gas-Fired Electricity Generation

Chapter - 1: INTRODUCTION - Complimentary

  • STUDY GOALS AND OBJECTIVES
  • REASONS FOR DOING THE STUDY
  • SCOPE OF REPORT
  • INTENDED AUDIENCE
  • METHODOLOGY AND INFORMATION SOURCES
  • ANALYST CREDENTIALS
  • RELATED REPORTS
  • BCC ON-LINE SERVICES
  • DISCLAIMER

Chapter - 2: SUMMARY

  • Table Summary: GLOBAL MARKET FOR NATURAL GAS - FIRED ELECTRICITY GENERATION BY REGION, THROUGH 2017
  • Figure Summary: GLOBAL MARKET FOR NATURAL GAS - FIRED ELECTRICITY GENERATION BY REGION, 2010-2017

Chapter - 3: OVERVIEW

  • NATURAL GAS INDUSTRY VALUE CHAIN
  • TECHNOLOGY AND SYSTEMS
  • ELECTRICITY GENERATING REQUIREMENTS
  • CAPITAL COSTS
  • LEVELIZED COST OF ENERGY
  • ELECTRICITY GENERATING TECHNOLOGIES
  • LIFE CYCLE AND THE NATURE OF POWER SECTOR INVESTMENTS
  • IMPORTANCE OF THE INDUSTRY
  • IMPACT OF DIFFERENT FUEL TYPES ON NATURAL GAS
  • GOVERNMENT REGULATIONS IMPACTING NATURAL GAS POWER GENERATION
  • EFFECT ON THE FUTURE
  • NATURAL GAS - ENABLED UTILITY-SCALE ELECTRICITY STORAGE (UES) TECHNOLOGIES
  • COSTS AND ECONOMIC VIABILITY
  • BENEFITS OF UTILITY-SCALE ELECTRICITY STORAGE TECHNOLOGIES FOR NATURAL GAS ENERGY PRODUCTION
  • RENEWABLE ENERGY DISPATCH AND TIMING BENEFITS

Chapter - 4: TECHNOLOGIES

  • INTRODUCTION
  • OVERVIEW
  • NATURAL GAS - FIRED STEAM TURBINES
  • GAS TURBINES
  • NATURAL GAS COMBINED CYCLE
  • NATURAL GAS FUEL CELLS

Chapter - 5: INDUSTRY STRUCTURE

  • SUMMARY
  • DRIVING FORCES IN THE INDUSTRY
  • REVENUE VOLATILITY
  • SUCCESS FACTORS THAT REALIZE GAINS AND MINIMIZE RISK
  • COST BENCHMARKS: U.S. MARKETS
  • GOVERNMENT REGULATIONS AND POLICIES: U.S. FOCUS
  • STRATEGIES FOR STAYING COMPETITIVE
  • SHIFTS IN THE INDUSTRY
  • IMPACT OF OTHER INDUSTRIES
  • BASIS OF COMPETITION
  • BARRIERS TO ENTRY

Chapter - 6: GLOBAL MARKETS

  • NATURAL GAS RESERVES
  • MARKET DYNAMICS
  • GLOBAL NATURAL GAS PRODUCTION TRENDS
    • Table 24: GLOBAL NATURAL GAS PROVED RESERVES, THROUGH 2017

Chapter - 7: NORTH AMERICA

  • SUMMARY
  • UNITED STATES
  • CANADA
  • MEXICO
    • Table 32: NORTH AMERICAN CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012

Chapter - 8: EUROPE AND EURASIA

  • SUMMARY
  • RUSSIA
  • NON-OECD EUROPE AND EURASIA (OTHER THAN RUSSIA)
    • Table 44: EUROPE AND EURASIA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012

Chapter - 9: ASIA-PACIFIC

  • SUMMARY
  • JAPAN
  • SOUTH KOREA
  • CHINA
  • AUSTRALIA/NEW ZEALAND
  • INDIA
  • NON-OECD ASIA OTHER THAN CHINA AND INDIA
    • Table 54: ASIA-PACIFIC CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012

Chapter - 10: MIDDLE EAST AND AFRICA

  • THE MIDDLE EAST
  • AFRICA
    • Table 73: MIDDLE EAST CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
    • Table 74: AFRICA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012

Chapter - 11: SOUTH AND CENTRAL AMERICA

  • BRAZIL
  • CENTRAL AND SOUTH AMERICA (EXCEPT BRAZIL)
    • Table 91: SOUTH AND CENTRAL AMERICA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012

Chapter - 12: COMPANY PROFILES

  • SUMMARY
  • COMPANIES

List of Tables

  • Summary Table: GLOBAL MARKET FOR NATURAL GAS - FIRED ELECTRICITY GENERATION BY REGION, THROUGH 2017
  • Table 1: COST OF ELECTRICITY GENERATION BY TECHNOLOGY, 2011
  • Table 2: CAPITAL COST COMPONENTS OF SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; GLOBAL IN 2011 DOLLARS
  • Table 3: CAPITAL COST FORECAST FOR SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; GLOBAL IN 2011 DOLLARS, THROUGH 2017
  • Table 4: VOLUME OF ORDERS PLACED FOR OPEN CYCLE SYSTEMS BY AFRICA AND THE MIDDLE EAST, 2009 TO 2010
  • Table 5: VOLUME OF ORDERS PLACED FOR OPEN CYCLE SYSTEMS IN EUROPE, IN 2009 TO 2010
  • Table 6: VOLUME OF ORDERS PLACED FOR OPEN CYCLE SYSTEMS IN NORTH AMERICA, 2009 TO 2010
  • Table 7: VOLUME OF ORDERS PLACED FOR OPEN CYCLE SYSTEMS IN SOUTH AND CENTRAL AMERICA, 2009 TO 2010
  • Table 8: VOLUME OF ORDERS PLACED FOR OPEN CYCLE SYSTEMS IN ASIA-PACIFIC, IN 2009 TO 2010
  • Table 9: REPRESENTATIVE NATURAL GAS COMBINED CYCLE PLANT INSTALLATION
  • Table 10: VOLUME OF ORDERS FOR NATURAL GAS COMBINED CYCLE PLANTS BY EUROPE, 2009 TO 2010
  • Table 11: VOLUME OF ORDERS FOR NATURAL GAS COMBINED CYCLE PLANTS BY AFRICA AND THE MIDDLE EAST, 2009 TO 2010
  • Table 12: VOLUME OF ORDERS FOR NATURAL GAS COMBINED CYCLE PLANTS BY NORTH AMERICA, 2009 TO 2010
  • Table 13: REPRESENTATIVE PLAYERS FOR NATURAL GAS COMBINED CYCLE SYSTEMS
  • Table 14: EFFICIENCY BY GAS-FIRED TECHNOLOGY, 2010
  • Table 15: COST OF ELECTRICITY GENERATION BY TECHNOLOGY, 2011
  • Table 16: EMISSIONS BY TECHNOLOGY, 2011
  • Table 17: TOP THREE MANUFACTURERS DEVELOPING HIGH-FIRING-TEMPERATURE GAS TURBINES
  • Table 18: TYPES OF FUEL CELL TECHNOLOGIES
  • Table 19: GLOBAL FUEL CELL INSTALLATIONS BY APPLICATION, 2010
  • Table 20: TOP MARKET PARTICIPANTS IN NATURAL GAS FUEL CELL TECHNOLOGY
  • Table 21: EMISSIONS BY TECHNOLOGIES
  • Table 22: EFFICIENCY BY TECHNOLOGIES, 2010
  • Table 23: GLOBAL CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 24: GLOBAL NATURAL GAS PROVED RESERVES, THROUGH 2017
  • Table 25: NATURAL GAS EXPORTS, GLOBAL, 2010
  • Table 26: CAPITAL COST COMPONENTS OF SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; GLOBAL REGIONS IN 2011 DOLLARS
  • Table 27: CAPITAL COST FORECAST FOR SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; GLOBAL REGIONS IN 2011 DOLLARS, THROUGH 2017
  • Table 28: GLOBAL NATURAL GAS PRODUCTION, THROUGH 2017
  • Table 29: ADDITIONS OF PROVEN NATURAL GAS RESERVES, 2000 TO 2010
  • Table 30: NATURAL GAS EXTRACTION TECHNOLOGY BY METHOD, GLOBAL REGIONS, THROUGH 2017
  • Table 31: GLOBAL CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 32: NORTH AMERICAN CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 33: U.S. CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 34: NATURAL GAS RESERVES IN NORTH AMERICA, THROUGH 2017
  • Table 35: NATURAL GAS EXPORTS IN NORTH AMERICA, 2010
  • Table 36: CAPITAL COST COMPONENTS OF SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES IN NORTH AMERICA, IN 2011 DOLLARS
  • Table 37: CAPITAL COST FORECAST FOR SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES IN NORTH AMERICA, IN 2011 DOLLARS, THROUGH 2017
  • Table 38: NATURAL GAS PRODUCTION IN NORTH AMERICA, THROUGH 2017
  • Table 39: CANADA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 40: MEXICO CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 41: NORTH AMERICA ADDITIONS OF PROVEN NATURAL GAS RESERVES, 2000 TO 2010
  • Table 42: NATURAL GAS EXTRACTION TECHNOLOGY BY METHOD IN NORTH AMERICA, THROUGH 2017
  • Table 43: NORTH AMERICAN CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 44: EUROPE AND EURASIA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 45: RUSSIAN CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 46: NATURAL GAS RESERVES IN EUROPE AND EURASIA, THROUGH 2017
  • Table 47: NATURAL GAS EXPORTS IN EUROPE AND EURASIA, 2010
  • Table 48: CAPITAL COST COMPONENTS OF SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; EUROPE AND EURASIA
  • Table 49: CAPITAL COST FORECAST FOR SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; EUROPE AND EURASIA IN 2011 DOLLARS, THROUGH 2017
  • Table 50: NATURAL GAS PRODUCTION IN EUROPE AND EURASIA, THROUGH 2017
  • Table 51: EUROPE AND EURASIA ADDITIONS OF PROVEN NATURAL GAS RESERVES, 2000 TO 2010
  • Table 52: NATURAL GAS EXTRACTION TECHNOLOGY BY METHOD, EUROPE AND EURASIA, THROUGH 2017
  • Table 53: EUROPE AND EURASIA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 54: ASIA-PACIFIC CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 55: JAPAN CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 56: JAPAN CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 57: SOUTH KOREA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 58: SOUTH KOREA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 59: CHINA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 60: CHINA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 61: AUSTRALIA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 62: AUSTRALIA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 63: INDIA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 64: INDIA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 65: NATURAL GAS RESERVES IN ASIA-PACIFIC, THROUGH 2017
  • Table 66: NATURAL GAS EXPORTS IN ASIA-PACIFIC, 2010
  • Table 67: CAPITAL COST COMPONENTS OF SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; ASIA-PACIFIC
  • Table 68: CAPITAL COST FORECAST FOR SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; ASIA-PACIFIC
  • Table 69: NATURAL GAS PRODUCTION IN ASIA-PACIFIC, THROUGH 2017
  • Table 70: ASIA-PACIFIC ADDITIONS OF PROVEN NATURAL GAS RESERVES, 2000 TO 2010
  • Table 71: NATURAL GAS EXTRACTION TECHNOLOGY BY METHOD IN ASIA-PACIFIC, THROUGH 2017
  • Table 72: ASIA-PACIFIC CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 73: MIDDLE EAST CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 74: AFRICA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 75: NATURAL GAS RESERVES IN MIDDLE EAST, THROUGH 2017
  • Table 76: NATURAL GAS RESERVES IN AFRICA, THROUGH 2017
  • Table 77: NATURAL GAS EXPORTS IN MIDDLE EAST, 2010
  • Table 78: NATURAL GAS EXPORTS IN AFRICA, 2010
  • Table 79: CAPITAL COST COMPONENTS OF SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; MIDDLE EAST
  • Table 80: CAPITAL COST FORECAST FOR SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; MIDDLE EAST, THROUGH 2017
  • Table 81: CAPITAL COST COMPONENTS OF SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES: AFRICA
  • Table 82: CAPITAL COST FORECAST FOR SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; AFRICA, THROUGH 2017
  • Table 83: NATURAL GAS PRODUCTION IN MIDDLE EAST, THROUGH 2017
  • Table 84: NATURAL GAS PRODUCTION IN AFRICA, THROUGH 2017
  • Table 85: MIDDLE EAST ADDITIONS OF PROVEN NATURAL GAS RESERVES, 2000 TO 2010
  • Table 86: AFRICA ADDITIONS OF PROVEN NATURAL GAS RESERVES, 2000 TO 2010
  • Table 87: NATURAL GAS EXTRACTION TECHNOLOGY BY METHOD, MIDDLE EAST, THROUGH 2017
  • Table 88: NATURAL GAS EXTRACTION TECHNOLOGY BY METHOD, AFRICA, THROUGH 2017
  • Table 89: MIDDLE EAST CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 90: AFRICA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 91: SOUTH AND CENTRAL AMERICA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 92: BRAZIL CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2012
  • Table 93: BRAZIL CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017
  • Table 94: NATURAL GAS RESERVES IN SOUTH AND CENTRAL AMERICA, THROUGH 2017
  • Table 95: NATURAL GAS EXPORTS IN SOUTH AND CENTRAL AMERICA, 2010
  • Table 96: CAPITAL COST COMPONENTS OF SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; SOUTH AND CENTRAL AMERICA
  • Table 97: CAPITAL COST FORECAST FOR SIMPLE AND COMBINED CYCLE NATURAL GAS TECHNOLOGIES; SOUTH AND CENTRAL AMERICA THROUGH 2017
  • Table 98: NATURAL GAS PRODUCTION IN SOUTH AND CENTRAL AMERICA, THROUGH 2017
  • Table 99: SOUTH AND CENTRAL AMERICA ADDITIONS OF PROVEN NATURAL GAS RESERVES, 2000 TO 2010
  • Table 100: NATURAL GAS EXTRACTION TECHNOLOGY BY METHOD IN SOUTH AND CENTRAL AMERICA, THROUGH 2017
  • Table 101: CENTRAL AND SOUTH AMERICA CONSUMPTION OF NATURAL GAS FOR ELECTRICITY GENERATION, THROUGH 2017

List of Figures

  • Summary Figure: GLOBAL MARKET FOR NATURAL GAS - FIRED ELECTRICITY GENERATION BY REGION, 2010-2017
  • Figure 1: SCHEMATIC OF NATURAL GAS - FIRED STEAM TURBINE
  • Figure 2: SCHEMATIC OF GAS TURBINE
  • Figure 3: SCHEMATIC NGCC PLANT
  • Figure 4: INSTALLATIONS IN THE U.S., 2000 - 2010
  • Figure 5: SPECTRUM OF NATURAL GAS - FIRED TECHNOLOGY EFFICIENCIES, 2010
  • Figure 6: SCHEMATIC OF NATURAL GAS FUEL CELL
  • Figure 7: EFFICIENCY BY TECHNOLOGIES, 2010
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