Analysis of Global Power Market
Analysis of Global Power Market
Power Installed Capacity in Major Regions
•
Corresponding to the fast-growing power consumption in China and SEA, the cumulative power installed capacity also presented a solid
growth, increasing from 1,650.5 GW in 2016 to 1,899.7 GW in 2018, and increasing from 227.3 GW in 2016 to 256.9 GW in 2018
respectively. The cumulative power installed capacity in the UK increased 4.2% in the last 3 year. This growth was mainly driven by the
new installed capacity of renewables, especially the wind power, of which proportion in the total power installed capacity increased from
around 16% in 2016 to around 20% in 2018. For the rest of the regions, the cumulative power installed capacity kept a stable level and
increased slightly in the last 3 years.
In order to reduce the greenhouse emission, the EU issued the renewables energy target in 2020 and 2030. Currently, around half of the
EU members have already achieved the target. However, there are still part of countries, such as Netherlands, France, and Ireland, far
below the their targets. As a result, these countries may consider strengthening their policies of encouraging the development of
renewables energy.
Cumulative Power Installed Capacity, U.S., UK, other European Countries, China and SEA, 2016-2023E
GW
2,750
2,454.4
2,500
2,339.0
CAGR CAGR
(16-18) (18-23E)
2,225.5
2,250
2,113.9
2,004.2
1,899.7
2,000
China
7.3%
5.3%
1,784.2
1,650.5
1,750
1,500
U.S.
0.6%
1,177.2
1,186.9
1,191.8
1,200.1
1,207.8
1,214.8
1,222.6
1,230.2
0.6%
1,250
Other
1,000
1,035.2
1,046.9
1,058.9
1,069.8
1,081.3
1,092.7
1,103.9
1,115.3
European
1.2%
1.4%
750
Countries*
500
227.3
240.6
256.9
275.1
295.3
316.6
339.5
364.1
SEA
6.3%
7.2%
K
250
<-99.8
106.0
108.4 -110.9▪
112.7
115.0
117.2
119.4
UK
4.2%
2.0%
0
2016
2017
U.S.
2018
2019E
2020E
2021E
2022E
2023E
-UK
Other European Countries
China W SEA
*Other European Countries not including Russia, Ukraine, Moldova, Belarus, Lithuania, Latvia, and Estonia
FROST
Source: EIA, EGAT, MEIH, EMA, EVN, Frost & Sullivan
SULLIVAN
14View entire presentation