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.
METHODOLOGY AND INFORMATION SOURCES
Both primary and secondary research methodologies were used in preparing this
study. An analysis of global electricity industry generation statistics was
conducted in order to create the forecasts presented here. Forecasts of
generation capacity in each country and region were acquired from a number of
sources. The primary sources for this data were the U.S. Energy Information
Administration's (EIA) International Energy Outlook 2011 and the BP
Statistical Review of World Energy June 2011. This data was supplemented and
updated with data found in press releases, news articles, industry association
analyses, and data published by specific companies analyzed in this report.
The primary source of capital and operating cost data for the market forecasts
was the EIA's “Updated Capital Cost Estimates for Electricity Generating
Plants,” published in November 2011. These data were supplemented with
analyst estimates based on experience in the electricity generating industries.
Forecasts of market size in each year were made by multiplying the amount of
generating capacity expected to be installed in a particular market in a
particular year by the capital cost per unit of that technology. This
provides a general high-level estimate of market size by technology and by
country or region. The additional assumptions that go into the capital cost
estimates for each technology are explained further in the Technologies
chapter of this report.
The primary sources of data on each company analyzed and profiled include
articles published by industry analysts as well as data available on company
websites and in annual reports.
Approximate conversion factors for various metrics are shown below:
Natural Gas (NG) and Liquefied Natural Gas (LNG)
Billion Cubic Meters NG
Billion Cubic Feet NG
Million Tones Oil Equivalent
Million Tone LNG
Trillion British ThermalUnits
Million Barrels Oil Equivalent
From
Multiply by
1 billion cubic meters NG
1
35.3
0.9
0.74
35.7
6.6
1 billion cubic feet NG
0.028
1
0.025
0.021
1.01
0.19
1 million tonnes oil equivalent
1.11
39.2
1
0.82
39.7
7.33
1 million tonnes LNG
1.36
48
1.22
1
48.6
8.97
1 trillion Btu
0.028
0.99
0.025
0.021
1
0.18
1 million barrels oil equivalent
0.15
5.35
0.14
0.11
5.41
1
Units:
1 metric tonne = 2204.62lb.
1 kilolitre = 6.2898 barrels
1 kilolitre = 1 cubic meter
1 kilocalorie (kcal) = 4.187 kilojoule (kJ) = 3.968 British thermal units (Btu)
Tonnes are used for market consumption data. Tonnes are defined as the metric equivalent of tons.
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
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
Global Markets for Natural Gas-Fired Electricity Generation published by BCC Research in May 30, 2012. This report consists of 178 Pages and the price starts from US $ 5450.
Press Release
Global Natural Gas-Fired Electricity Generation Market Up 7 Billion in 1 Year, BCC Research Forecasts $41.2 Billion in 2017
June 4th, 2012
Global Information Inc. would like to present a new market research report, "Global Markets for Natural Gas-Fired Electricity Generation" by BCC Research.
The global market for natural gas-fired electricity generation is projected to reach nearly $34 billion in 2012 and should reach $41.2 billion in 2017, a compound annual growth rate (CAGR) of 3.9% over the five-year period.
The natural gas-fired electricity generation market can be broken down into six regions: Asia-Pacific, Europe and Eurasia, North America, Middle East, Africa, and South and Central America.
Key findings by region:
The Asia-Pacific region is projected to account for $15.7 billion in 2012 and should reach nearly $20.7 billion in 2017, a CAGR of 5.7%.
Europe and Eurasia are expected to account for more than $7 billion in 2012 and $7.5 billion in 2017, a CAGR of 1.3%.
North America, projected to be worth $6.5 billion in 2012, should reach $7 billion in 2017, increasing at a CAGR of 1.5%.
The Middle East has the highest projected CAGR of the six regions, an expected 5.9% from 2012 to 2017. Despite smaller total values, Africa, and South and Central America are expected to experience moderate CAGRs of 3.7% and 4.1%, respectively, from 2012 to 2017.
The electricity generation industry is one of the largest in the world and one of the driving forces behind the global economy. Electricity generation is essential for the global manufacturing, information technology (IT), resource extraction, and services industries.
Natural gas accounts for approximately 23% of total electricity generation output. Gas-fired plants have generally been the preferred option for new electricity capacity. Not only is the technology well known and the fuel readily available at low cost, but natural gas plants can be expanded easily, are more environmentally friendly than coal plants, and have a smaller minimum efficient size than coal-fired plants.
This report is an invaluable tool for business planners, acquisitions specialists, licensing strategists, product managers, market research analysts, investors, investor consultants, and anyone interested in the global electricity generation market, the industrys structure, and industry participants across the globe.
