Steam Condensers for Thermal Power Plants - Market · PDF fileSteam Condensers for Thermal...

GDPE1044MAR / Published AUG 2012 Page 1 Steam Condensers for Thermal Power Plants - Market Size, Average

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Steam Condensers for Thermal Power Plants - Market Size, Average Pricing and Key Regulations to 2020

Reference Code: GDPE1044MAR Publication Date: August 2012

Global Steam Condenser Market Expected to Grow in Future

Global electricity consumption has increased at a Compound Annual Growth Rate (CAGR) of XX% over the past XX years. During the forecast period, between 2012 and 2020, electricity consumption is expected to continue to increase at a similar rate, on account of increasing industrialization, urbanization, and a growing population. Both developed and developing countries are focusing on strengthening their electricity supply in order to meet this growing demand. Thermal power has always been a dominant source of electricity generation and is expected to remain so for the foreseeable future, since current alternative technologies cannot easily substitute thermal energy in the short run. This is expected to sustain the steam condenser market for thermal energy.

In 2006, the global steam condenser market size for thermal power by revenue was valued at $XX billion, and this figure reached $XX billion in 2011, growing at a CAGR of XX% between 2006 and 2011. During the forecast period, the size by revenue of the global market is expected to grow at a CAGR of XX% to reach $XX billion in 2020. The foremost reason for accelerated market revenue growth in coming years is the growing popularity of Air Cooled Condensers (ACC), coupled with rising prices for raw material. However, in terms of volume, the market size is expected to show minor growth.

Global Steam Condenser, Market Size by Revenue ($bn), 2006–2020

2006 2011 2020

Rev

enue

($bn

)

Source: GlobalData, Interview with Power Industry Experts

China Expected to Lead Global Steam Condenser Sales

China’s increasing population, urbanization, and industrialization is likely to push electricity demand upwards, thereby increasing generation capacity. Coal-fired power plants form more than half of China’s total installed capacity, which is mainly due to the high availability of coal in the country, but is also a result of limited natural gas supply in the country. China has a large number of coal-fired power plants planned for construction between 2012 and 2020. According to the International Energy Agency (IEA), China will gain an added capacity of XX GW by 2035 through new coal-fired generation units. As a result, coal power is expected to dominate the power generation sector in coming years. This is likely to generate demand for steam condensers for thermal power plants in China.

Steam Condenser Market, China, Market Size by Revenue ($bn), 2006–2020

2006 2011 2020

Rev

enue

($bn

)

Source: GlobalData, Interview with Power Industry Experts



1 Table of Contents 1 Table of Contents ............................................................................................................................ 3

1.1 List of Tables............................................................................................................................. 5 1.2 List of Figures............................................................................................................................ 6

2 Introduction ..................................................................................................................................... 7 2.1 GlobalData Report Guidance ..................................................................................................... 9

3 Global Steam Condenser Market Analysis, 2006–2020................................................................... 10 3.1 Global Thermal Installed Capacity, 2006–2020......................................................................... 10

3.1.1 Global Power Installed Capacity by Technology, 2011–2020............................................ 12 3.1.2 Global Thermal Installed Capacity by Country, 2011 ........................................................ 13

3.2 Global Steam Condenser Market, Drivers and Impact Analysis, 2006–2020 .............................. 14 3.2.1 Rising Electricity Demand ............................................................................................... 14 3.2.2 Focus on Combined Cycle Gas Turbine Power Plants ..................................................... 14 3.2.3 Development of Clean Coal Technology.......................................................................... 14

3.3 Global Steam Condenser Market, Restraints and Impact Analysis, 2006–2020.......................... 15 3.3.1 Stringent Environment Regulations.................................................................................. 15 3.3.2 Preference for Gas-Fired Power Plants ........................................................................... 15 3.3.3 Growing Renewable Energy Sector................................................................................. 16

3.4 Global Steam Condenser, Market Size by Revenue ($m), 2006–2020....................................... 17 3.5 Global Steam Condenser, Market Size by Volume, 2006–2020................................................. 19

4 Australia, Steam Condenser Market Analysis, 2006–2020............................................................... 21 4.1 Australia, Steam Condenser, Overview .................................................................................... 21 4.2 Australia, Steam Condenser, Thermal Energy, 2006–2020 ....................................................... 21 4.3 Australia, Power Market, Key Regulations................................................................................ 24

4.3.1 Carbon Pollution Reduction Scheme ............................................................................... 24 4.3.2 Clean Energy Initiative .................................................................................................... 24 4.3.3 National Low Emissions Coal Initiative............................................................................. 25 4.3.4 Renewable Energy Target Scheme................................................................................. 25 4.3.5 Renewable Energy and Energy Efficiency Partnership ..................................................... 25 4.3.6 Renewable Energy Demonstration Program .................................................................... 25

4.4 Australia, Steam Condenser Market, Market Size by Revenue, 2006–2020............................... 26 4.5 Australia, Steam Condenser Market, Market Size by Volume, 2006–2020................................. 28 4.6 Australia, Steam Condenser Market, Pricing Analysis, 2006–2020 ............................................ 29 4.7 Australia, Steam Condenser Market, Key Players..................................................................... 31

5 Canada, Steam Condenser, Market Analysis, 2006–2020............................................................... 32 5.1 Canada, Steam Condenser, Overview...................................................................................... 32 5.2 Canada, Steam Condenser, Thermal Energy, 2006–2020......................................................... 32 5.3 Canada, Power Market, Key Regulations ................................................................................. 35

5.3.1 Clean Energy Dialogue ................................................................................................... 35 5.3.2 The ecoEnergy Program for Renewable Power................................................................ 36 5.3.3 The ecoEnergy Innovation Initiative................................................................................. 36 5.3.4 Power Market, Canada, Clean Energy Fund Program ...................................................... 36 5.3.5 Regulations under the Canadian Environmental Protection Act, 1999............................... 36 5.3.6 Feed-in Tariff .................................................................................................................. 37

5.4 Canada, Steam Condenser Market, Market Size by Revenue, 2006–2020 ................................ 37 5.5 Canada, Steam Condenser Market, Market Size by Volume, 2006–2020 .................................. 39 5.6 Canada, Steam Condenser Market, Pricing Analysis, 2006–2020 ............................................. 41 5.7 Canada, Steam Condenser Market, Key Players ...................................................................... 42

6 The US, Steam Condenser, Market Analysis, 2006–2020 ............................................................... 43 6.1 The US, Steam Condenser, Overview...................................................................................... 43 6.2 The US, Power Market, Thermal Power, 2006–2020 ................................................................ 44 6.3 The US, Power Market, Key Regulations.................................................................................. 46

6.3.1 Emission Regulations ..................................................................................................... 46 6.3.2 Clean Coal Power Initiative ............................................................................................. 47 6.3.3 Federal Incentives for Renewable Energy in the US......................................................... 48 6.3.4 Renewable Portfolio Standards ....................................................................................... 48

6.4 The US, Steam Condenser Market, Market Size by Revenue, 2006–2020................................. 49 6.5 The US, Steam Condenser Market, Market Size by Volume, 2006–2020................................... 50 6.6 The US, Steam Condenser Market, Pricing Analysis, 2006–2020.............................................. 52 6.7 The US, Steam Condenser Market, Key Players....................................................................... 53



7 The UK, Steam Condenser, Market Analysis, 2006–2020 ............................................................... 54 7.1 The UK, Steam Condenser, Overview...................................................................................... 54 7.2 The United Kingdom, Steam Condenser, Thermal Energy, 2006–2020 ..................................... 54 7.3 The UK, Power Market, Key Regulations.................................................................................. 57

7.3.1 Budgetary Earmarks for Industrial Carbon Footprint Reduction......................................... 57 7.3.2 Renewable Energy, Major Policies and Incentives ........................................................... 57 7.3.3 Feed-in Tariff .................................................................................................................. 57

7.4 The UK, Steam Condenser Market, Market Size by Revenue, 2006–2020................................. 58 7.5 The UK, Steam Condenser Market, Market Size by Volume, 2006–2020................................... 60 7.6 The UK, Steam Condenser Market, Pricing Analysis, 2006–2020.............................................. 61 7.7 The UK, Steam Condenser Market, Key Players....................................................................... 63

8 India, Steam Condenser, Market Analysis, 2006–2020.................................................................... 64 8.1 India, Steam Condenser, Overview.......................................................................................... 64 8.2 India, Steam Condenser, Thermal Energy, 2006–2020 ............................................................. 65 8.3 India, Power Market, Key Regulations...................................................................................... 68

8.3.1 Foreign Investment in the Power Market.......................................................................... 68 8.3.2 Rural Electrification Program........................................................................................... 68 8.3.3 Power for All by 2012...................................................................................................... 69 8.3.4 National Action Plan on Climate Change ......................................................................... 69 8.3.5 Asia-Pacific Partnership for Clean Development and Climate........................................... 69 8.3.6 Renewable Energy Certificates ....................................................................................... 70

8.4 India, Steam Condenser Market, Market Size by Revenue, 2006–2020..................................... 70 8.5 India, Steam Condenser Market, Market Size by Volume, 2006–2020....................................... 72 8.6 India, Steam Condenser Market, Pricing Analysis, 2006–2020.................................................. 73 8.7 India, Steam Condenser Market, Key Players........................................................................... 75

9 China, Steam Condenser, Market Analysis, 2006–2020.................................................................. 76 9.1 China, Steam Condenser, Overview......................................................................................... 76 9.2 China, Steam Condenser, Thermal Energy, 2006–2020............................................................ 76 9.3 China, Power Market, Key Regulations .................................................................................... 79

9.3.1 The Electric Power Law and the Electric Power Regulatory Ordinance ............................. 79 9.3.2 Environmental Protection Regulation............................................................................... 79 9.3.3 Proposals between China and European Union to Strengthen Carbon Capture and Storage

Projects.......................................................................................................................... 80 9.3.4 Renewable Energy Law .................................................................................................. 80 9.3.5 New Carbon Intensity Target........................................................................................... 80 9.3.6 International Science and Technology Cooperation Program for New and Renewable

Energy ........................................................................................................................... 80 9.4 China, Steam Condenser Market, Market Size by Revenue, 2006–2020 ................................... 81 9.5 China, Steam Condenser Market, Market Size by Volume, 2006–2020 ..................................... 83 9.6 China, Steam Condenser Market, Pricing Analysis, 2006–2020 ................................................ 85 9.7 China, Steam Condenser Market, Key Players ......................................................................... 86

10 Saudi Arabia, Steam Condenser, Market Analysis, 2006–2020 ....................................................... 87 10.1 Saudi Arabia, Steam Condenser, Overview.............................................................................. 87 10.2 Saudi Arabia, Steam Condenser, Thermal Energy, 2006–2020................................................. 88 10.3 Saudi Arabia, Power Market, Key Regulations.......................................................................... 90

10.3.1 Contribution of the Private Sector and Foreign Investment Policies................................... 90 10.3.2 Independent Water and Power Projects........................................................................... 91

10.4 Saudi Arabia, Steam Condenser Market, Market Size by Revenue, 2006–2020......................... 91 10.5 Saudi Arabia, Steam Condenser Market, Market Size by Volume, 2006–2020........................... 93 10.6 Saudi Arabia, Steam Condenser Market, Pricing Analysis, 2006–2020...................................... 95 10.7 Saudi Arabia, Steam Condenser Market, Key Players............................................................... 96

11 Appendix....................................................................................................................................... 97 11.1 Definitions............................................................................................................................... 97

11.1.1 Power............................................................................................................................. 97 11.1.2 Installed Capacity ........................................................................................................... 97 11.1.3 Electricity Generation...................................................................................................... 97 11.1.4 Electricity Consumption................................................................................................... 97 11.1.5 Renewable Energy Resources ........................................................................................ 97 11.1.6 Thermal Power Plant ...................................................................................................... 97 11.1.7 Hydropower Plant ........................................................................................................... 97 11.1.8 Nuclear Power................................................................................................................ 97

11.2 Abbreviations .......................................................................................................................... 98 11.3 Bibliography ............................................................................................................................ 99 11.4 GlobalData’s Methodology..................................................................................................... 100



11.4.1 Coverage ..................................................................................................................... 100 11.4.2 Secondary Research .................................................................................................... 100 11.4.3 Primary Research......................................................................................................... 101

11.5 Contact Us ............................................................................................................................ 101 11.6 Disclaimer ............................................................................................................................. 101

1.1 List of Tables Table 1: Global Thermal Power Market, Installed Capacity (GW), 2006–2020 .................................... 11 Table 2: Global Power Market, Installed Capacity by Technology (%), 2011–2020 ............................. 12 Table 3: Global Thermal Power Market, Installed Capacity by Country (%), 2011............................... 13 Table 4: Steam Condenser Market, Global Drivers and Impact Analysis, 2006–2020.......................... 15 Table 5: Steam Condenser Market, Global Restraints and Impact Analysis, 2006–2020..................... 16 Table 6: Global Steam Condenser Market, Market Size by Revenue ($bn), 2006–2020...................... 18 Table 7: Global Steam Condenser Market, Market Size by Volume (Units), 2006–2020...................... 20 Table 8: Power Market, Australia, Cumulative Installed Capacity by Type of Power Plant (%), 2011–

2020................................................................................................................................... 22 Table 9: Power Market, Australia, Cumulative Thermal Installed Capacity (MW), 2006–2020.............. 23 Table 10: Steam Condenser Market, Australia, Market Size by Revenue ($m), 2006–2020 .................. 27 Table 11: Steam Condenser Market, Australia, Market Size by Volume (Units), 2006–2020 ................. 29 Table 12: Steam Condenser Market, Australia, WCC, Average Price ($/MW), 2006–2020.................... 30 Table 13: Power Market, Canada, Cumulative Installed Capacity by Type of Power Plant (%), 2011–2020

.......................................................................................................................................... 33 Table 14: Power Market, Canada, Cumulative Thermal Installed Capacity (MW), 2006–2020............... 34 Table 15: Steam Condenser Market, Canada, Market Size by Revenue ($m), 2006–2020.................... 38 Table 16: Steam Condenser Market, Canada, Market Size by Volume (Units), 2006–2020................... 40 Table 17: Steam Condenser Market, Canada, WCC: Average Price ($/MW), 2006–2020 ..................... 42 Table 18: Power Market, The US, Cumulative Installed Capacity by Type of Power Plant (%), 2011–2020

.......................................................................................................................................... 44 Table 19: Power Market, the US, Cumulative Thermal Installed Capacity (MW), 2006–2020 ................ 46 Table 20: Steam Condenser Market, the US, Market Size by Revenue ($m), 2006–2020 ..................... 50 Table 21: Steam Condenser Market, the US, Market Size by Volume (Units), 2006–2020 .................... 51 Table 22: Steam Condenser Market, the US, WCC: Average Price ($/MW), 2006–2020....................... 53 Table 23: Power Market, the UK, Cumulative Installed Capacity by Type of Power Plant (%), 2011–2020

.......................................................................................................................................... 55 Table 24: Power Market, the UK, Cumulative Thermal Installed Capacity (MW), 2006–2020 ................ 56 Table 25: Steam Condenser Market, the UK, Market Size by Revenue ($m), 2006–2020 ..................... 59 Table 26: Steam Condenser Market, the UK, Market Size by Volume (Units), 2006–2020 .................... 61 Table 27: Steam Condenser Market, the UK, WCC: Average Price ($/MW), 2006–2020....................... 62 Table 28: Power Market, India, Cumulative Installed Capacity by Type of Power Plant (%), 2011–2020 66 Table 29: Power Market, India, Cumulative Thermal Installed Capacity (MW), 2006–2020 ................... 67 Table 30: Steam Condenser Market, India, Market Size by Revenue ($m), 2006–2020 ........................ 71 Table 31: Steam Condenser Market, India, Market Size by Volume (Units), 2006–2020 ....................... 73 Table 32: Steam Condenser Market, India, WCC: Average Price ($/MW), 2006–2020.......................... 74 Table 33: Power Market, China, Cumulative Installed Capacity by Type of Power Plant (%), 2011–2020

.......................................................................................................................................... 77 Table 34: Power Market, China, Cumulative Thermal Installed Capacity, 2006–2020 ........................... 78 Table 35: Steam Condenser Market, China, Market Size by Revenue ($m), 2006–2020....................... 82 Table 36: Steam Condenser Market, China, Market Size by Volume (Units), 2006–2020...................... 84 Table 37: Steam Condenser Market, China, WCC: Average Price ($/MW), 2006–2020 ........................ 86 Table 38: Power Market, Saudi Arabia, Cumulative Installed Capacity by Type of Power Plant (%), 2011–

2020................................................................................................................................... 88 Table 39: Power Market, Saudi Arabia, Cumulative Thermal Installed Capacity (MW), 2006–2020 ....... 90 Table 40: Steam Condenser Market, Saudi Arabia, Market Size by Revenue ($m), 2006–2020 ............ 92 Table 41: Steam Condenser Market, Saudi Arabia, Market Size by Volume (Units), 2006–2020 ........... 94 Table 42: Steam Condenser Market, Saudi Arabia, WCC: Average Price ($/MW), 2006–2020.............. 96 Table 43: Abbreviations...................................................................................................................... 98



1.2 List of Figures Figure 1: Simple Steam-Based Thermal Power Plant Flow Diagram...................................................... 7 Figure 2: Types of Condensers............................................................................................................ 8 Figure 3: Global Thermal Power Market, Installed Capacity (GW), 2006–2020 .................................... 10 Figure 4: Global Power Market, Installed Capacity by Technology (%), 2011–2020 ............................. 12 Figure 5: Global Thermal Power Market, Installed Capacity by Country (%), 2011............................... 13 Figure 6: Steam Condenser Market, Global Drivers and Impact Analysis, 2006–2020.......................... 14 Figure 7: Steam Condenser Market, Global Restraints and Impact Analysis, 2006–2020..................... 16 Figure 8: Global Steam Condenser Market, Market Size by Revenue ($bn), 2006–2020...................... 17 Figure 9: Global Steam Condenser Market, Market Size by Volume (Units), 2006–2020...................... 19 Figure 10: Power Market, Australia, Installed Capacity by Type of Power Plant (%), 2011–2020............ 22 Figure 11: Power Market, Australia, Cumulative Thermal Installed Capacity (MW), 2006–2020.............. 23 Figure 12: Steam Condenser Market, Australia, Market Size by Revenue ($m), 2006–2020 .................. 26 Figure 13: Steam Condenser Market, Australia, Market Size by Volume (Units), 2006–2020 ................. 28 Figure 14: Steam Condenser Market, Australia, WCC, Average Price ($/MW), 2006–2020.................... 30 Figure 15: Power Market, Canada, Cumulative Installed Capacity by Type of Power Plant (%), 2011–2020

.......................................................................................................................................... 33 Figure 16: Power Market, Canada, Cumulative Thermal Installed Capacity (MW), 2006–2020............... 34 Figure 17: Steam Condenser Market, Canada, Market Size by Revenue ($m), 2006–2020.................... 38 Figure 18: Steam Condenser Market, Canada, Market Size by Volume (Units), 2006–2020................... 39 Figure 19: Steam Condenser Market, Canada, WCC: Average Price ($/MW), 2006–2020 ..................... 41 Figure 20: Power Market, The US, Cumulative Installed Capacity by Type of Power Plant (%), 2011–2020

.......................................................................................................................................... 44 Figure 21: Power Market, the US, Cumulative Thermal Installed Capacity (MW), 2006–2020 ................ 45 Figure 22: Steam Condenser Market, the US, Market Size by Revenue ($m), 2006–2020 ..................... 49 Figure 23: Steam Condenser Market, the US, Market Size by Volume (Units), 2006–2020 .................... 51 Figure 24: Steam Condenser Market, the US, WCC: Average Price ($/MW), 2006–2020....................... 52 Figure 25: Power Market, the UK, Cumulative Installed Capacity by Type of Power Plant (%), 2011–2020

.......................................................................................................................................... 55 Figure 26: Power Market, the UK, Cumulative Thermal Installed Capacity (MW), 2006–2020 ................ 56 Figure 27: Steam Condenser Market, the UK, Market Size by Revenue ($m), 2006–2020 ..................... 59 Figure 28: Steam Condenser Market, the UK, Market Size by Volume (Units), 2006–2020 .................... 60 Figure 29: Steam Condenser Market, the UK, WCC: Average Price ($/MW), 2006–2020....................... 62 Figure 30: Power Market, India, Cumulative Installed Capacity by Type of Power Plant (%), 2011–2020 65 Figure 31: Power Market, India, Cumulative Thermal Installed Capacity (MW), 2006–2020.................... 67 Figure 32: Steam Condenser Market, India, Market Size by Revenue ($m), 2006–2020 ........................ 71 Figure 33: Steam Condenser Market, India, Market Size by Volume (Units), 2006–2020 ....................... 72 Figure 34: Steam Condenser Market, India, WCC: Average Price ($/MW), 2006–2020.......................... 74 Figure 35: Power Market, China, Cumulative Installed Capacity by Type of Power Plant (%), 2011–2020

.......................................................................................................................................... 77 Figure 36: Power Market, China, Cumulative Thermal Installed Capacity, 2006–2020 ........................... 78 Figure 37: Steam Condenser Market, China, Market Size by Revenue ($m), 2006–2020....................... 81 Figure 38: Steam Condenser Market, China, Market Size by Volume (Units), 2006–2020...................... 83 Figure 39: Steam Condenser Market, China, WCC: Average Price ($/MW), 2006–2020 ........................ 85 Figure 40: Power Market, Saudi Arabia, Cumulative Installed Capacity by Type of Power Plant (%), 2011–

2020................................................................................................................................... 88 Figure 41: Power Market, Saudi Arabia, Cumulative Thermal Installed Capacity (MW), 2006–2020 ....... 89 Figure 42: Steam Condenser Market, Saudi Arabia, Market Size by Revenue ($m), 2006–2020 ............ 92 Figure 43: Steam Condenser Market, Saudi Arabia, Market Size by Volume (Units), 2006–2020 ........... 93 Figure 44: Steam Condenser Market, Saudi Arabia, WCC: Average Price ($/MW), 2006–2020.............. 95



2 Introduction A steam condenser is a heat exchanger that converts steam from its gaseous state into liquid form by operating at a pressure lower than that of the surrounding atmosphere. In basic terms, steam condensers convert steam back to water. Steam condensers are used in various industries, with key sectors including:

Power sector

Refineries

Marine

Chemical processing

In the power sector, steam is used to generate electricity. Oil, coal, gas, nuclear, biomass, and solar thermal power generation methods all use steam to create energy. A steam turbine is used for generating mechanical power in a rotary motion, and is powered by the extraction of thermal energy from pressurized steam, which is produced from water or other liquids. Steam power plants across the globe operate on the standard known as the Rankine Cycle. This cycle consists of four main components: boiler, turbine, steam condenser, and pump.

In a simple steam turbine based power plant, water enters a pump, where it is compressed at high pressure – step one in figure three – and then this compressed water passes through the boiler, as can be seen in step two. In the boiler, water is heated by burning fuel, and is converted into steam. This superheated, highly pressurized steam then enters the steam turbine, where it expands to rotate the turbine shaft, thereby generating electricity (step three). Steam from the turbine then enters the steam condenser, where it is condensed back into water (step four). This saturated water then enters the pump to restart the cycle. Steam condensers are also used in Integrated Gasification Combined Cycle (IGCC) and Combined Cycle Gas Turbine (CCGT) power plants that use steam turbines, to reuse the water in the cycle.

Figure 1: Simple Steam-Based Thermal Power Plant Flow Diagram

Boiler

Steam Turbine

Steam Condenser

Pump

3

2

1 4

Saturated Water

(Recycle)

Compressed Water

Superheated Steam

Exhaust Steam

Fuel

Cooling Water

Source: GlobalData



2.1 GlobalData Report Guidance This report begins with an executive summary describing current key growth trends in the steam

condenser market.

Chapter two provides an introduction to steam condensers.

Chapter three comprises analysis of the global steam condenser industry in terms of revenue and volume. Key drivers and restraints influencing the market are also covered.

Chapters four through 10 provide revenue figures, market volume, pricing analysis, and key regulations for each of the following countries, listed in the order they appear: Australia, Canada, the US, the UK, India, China, and Saudi Arabia.

The scope of the steam condenser market analyzed in this report is limited exclusively to thermal power plants.



3 Global Steam Condenser Market Analysis, 2006–2020

3.1 Global Thermal Installed Capacity, 2006–2020 Global thermal installed capacity stood at XX GW in 2006, and increased at a Compound Annual Growth Rate (CAGR) of XX% between 2006 and 2011, reaching XX GW in 2011. Thermal installed capacity is expected to continue to grow during the forecast period up until 2020 to meet the growing demand for electricity from sectors such as residential, commercial, and industrial, as well as the demand being generated by global population sizes increasing. Pressure from developing countries such as China and India is also expected to contribute to the growth of global thermal installed capacity.

Between 2012 and 2020, total thermal installed capacity is expected to grow at a CAGR of XX%, to reach XX GW in 2020.

Figure 3: Global Thermal Power Market, Installed Capacity (GW), 2006–2020

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Cum

ulat

ive

Ther

mal

Inst

alle

d C

apac

ity (G

W)

Source: GlobalData, Power eTrack, Capacity and Generation Database (June 27,2012)



Table 1: Global Thermal Power Market, Installed Capacity (GW), 2006–2020 Year Thermal Capacity (GW)

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020




3.1.1 Global Power Installed Capacity by Technology, 2011–2020 In 2011, thermal power sources together accounted for XX% of total global installed capacity, and the remaining XX% was contributed by other sources including hydropower, nuclear, and renewable sources. However, the share of thermal sources is expected to decline in the future, due to an increasing focus on the development of renewable energy sources to substitute those energy sources and production methods that produce large amounts of greenhouse gases. However, this decline is expected to be gradual. By 2020, the share thermal power holds of global installed capacity is expected to decline to XX%, with the remaining XX% coming from clean sources.

Figure 4: Global Power Market, Installed Capacity by Technology (%), 2011–2020

2011

ThermalSources, XX%

Non-ThermalSources, XX%

2020

Thermal Sources, XX%

Non-Thermal Sources, XX%

Source: GlobalData, Power eTrack, Capacity and Generation Database (June 27,2012) Please note 2011 numbers are estimated values

Table 2: Global Power Market, Installed Capacity by Technology (%), 2011–2020

Technology Share (%): 2011 Share (%): 2020

Thermal sources

Non-thermal sources




11 Appendix

11.1 Definitions This report covers the steam condenser market and looks at revenues, pricing analysis, volume sales and market share with respect to different key countries as well as globally. Market revenues provided represent the total value of order intake by all steam condenser companies in that year.

11.1.1 Power According to "Energy Information Administration" power is defined as the rate of producing, transferring, or using energy, most commonly associated with electricity. Power is measured in watts and often expressed in kilowatts (kW) or megawatts (MW).

11.1.2 Installed Capacity Installed capacity refers to the generator’s nameplate capacity as stated by the manufacturer or the maximum rated output of a generator under given conditions. Installed capacity is given in Megawatts (MW) on a nameplate physically displayed on the generator.

11.1.3 Electricity Generation Production of electric energy through the transformation of other forms of energy. Also refers to the amount of electric energy produced, expressed in Gigawatt hours (GWh).

11.1.4 Electricity Consumption Electricity consumption is the sum of electricity generated, plus imports, minus exports, minus transmission and distribution losses, and is measured in Gigawatt-hours (GWh).

11.1.5 Renewable Energy Resources Naturally replenishing energy resources limited in the amount of energy that is available per unit of time. For example, biomass, geothermal, solar, and wind can all be termed as renewable resources.

11.1.6 Thermal Power Plant A plant in which turbine generators are driven by burning fossil fuels.

11.1.7 Hydropower Plant A plant in which the turbine generators are driven by falling water.

11.1.8 Nuclear Power The electricity generated from the use of the thermal energy released from the fission of nuclear fuel in a reactor.



11.2 Abbreviations Table 43: Abbreviations Abbreviation Full Form

ACC Air Cooled Condensers

AECB Atomic Energy Control Board

AEMC Australian Energy Market Commission

AER Australian Energy Regulator

ASI Australian Solar Institute

CAGR Compound Annual Growth Rate

CCGT Combined Cycle Gas Turbine

CCPI Clean Coal Power Initiative

CCS Carbon Capture and Storage

CCT Clean Coal Technologies

CEA Central Electricity Authority

CEI Clean Energy Initiative

CED Clean Energy Dialogue

CERC Central Electricity Regulatory Commission

CHP Combined Heat and Power

CNSC Canadian Nuclear Safety Commission

COACH Co-operation Action within CCS China

CPRS Carbon Pollution Reduction Scheme

DoE Department of Energy

ecoEII ecoENERGY Innovation Initiative

EPAct Energy Policy Act

ECRA Electricity & Cogeneration Regulatory Authority Company

ETS Emissions Trading Scheme

EU European Union

FERC Federal Energy Regulatory Commission

GDP Gross Domestic Product

GTP Gasification Technologies Program

GWh Giga Watt Hours

IEA International Energy Agency

IEX Indian Energy Exchange

IGCC Integrated Gasification Combined Cycle

ITCs Investment Tax Credits

IWPPs Integrated Water and Power Projects

LCPD Large Combustion Plant Directive

LNG Liquefied Natural Gas

LRET Large-Scale Renewable Energy Target

MACT Maximum Achievable Control Technology

MW Mega Watt

NAAQS National Ambient Air Quality Standards

NDRC National Development and Reform Commission

NEB National Energy Board

NEM National Energy Market



NHPC National Hydropower Corporation

NTPC National Thermal Power Corporation

NZEC Near Zero Emissions Coal

PFBC Pressurized Circulating Fluidized Bed

PTC Production Tax Credits

PXIL Power Exchange India Limited

REC Renewable Energy Certificate

REDP Renewable Energy Demonstration Program

REEP Renewable Energy and Energy Efficiency Partnership

RET Renewable Energy Target

RPS Renewable Portfolio Standards

SEC Saudi Electricity Company

SERC State Electricity Regulatory Commission

SIP State Implementation Plan

SRES Small-Scale Renewable Energy Scheme

T&D Transmission and Distribution

WCC Water Cooled Condenser

Source: GlobalData

11.3 Bibliography BP (2011). Statistical Review of World Energy. Available from:

http://www.bp.com/assets/bp_internet/globalbp/globalbp_uk_english/reports_and_publications/statistical_energy_review_2011/STAGING/local_assets/spreadsheets/statistical_review_of_world_energy_full_report_2011.xls.

Central Electricity Authority (CEA) (2012). National Electricity Plan, Volume 1: Generation. Available from: http://www.cea.nic.in/reports/powersystems/nep2012/generation_12.pdf.

Central Intelligence Agency (CIA) (2011a). Australia: The World Factbook. Available from: https://www.cia.gov/library/publications/the-world-factbook/geos/as.html. [Accessed on: May 22, 2012].

Central Intelligence Agency (CIA) (2011b). The US: The World Factbook. Available from: https://www.cia.gov/library/publications/the-world-factbook/geos/us.html. [Accessed on: May 30, 2012].

Central Intelligence Agency (CIA) (2011c). India: The World Factbook. Available from: https://www.cia.gov/library/publications/the-world-factbook/geos/in.html. [Accessed on: May 16, 2012].

Central Intelligence Agency (CIA) (2011d). Saudi Arabia: The World Factbook. Available from: https://www.cia.gov/library/publications/the-world-factbook/geos/sa.html. [Accessed on: May 23, 2012].

FAO Water. “water & poverty, an issue of life & livelihoods”. Available from: http://www.fao.org/nr/water/issues/scarcity.html. [Accessed on: June 19, 2012].

International Energy Agency (2011). World Energy Outlook. Available from: http://www.iea.org/weo/docs/weo2011/WEO2011_GoldenAgeofGasReport.pdf.

Ministry of Power – India (2012). Report of the Working Group on Power for Twelfth Plan (2012-17). Available from: http://planningcommission.nic.in/aboutus/committee/wrkgrp12/wg_power1904.pdf.

Reiser S and Tu K (2012). Understanding China’s Rising Coal Imports. Carnegie Endowment for International Peace. Available from: http://carnegieendowment.org/files/china_coal.pdf.



U.S.-Saudi Arabian Business Council (USSABC) (2010). USSABC Draws 80 to Seminar on $80 Billion Power Industry Expansion. Available from: http://www.us-sabc.org/i4a/pages/Index.cfm?pageID=3895 [Accessed on: July 6, 2012].

World Nuclear Association (WNA) (2012). Nuclear Power in Saudi Arabia. Available from: http://www.world-nuclear.org/info/nuclear_power_in_saudi_arabia.html. Accessed on: July 27, 2012].

11.4 GlobalData’s Methodology GlobalData’s dedicated research and analysis teams consists of experienced professionals with a pedigree in marketing and market research, consulting backgrounds in the energy industry, and advanced levels of statistical expertise.

GlobalData adheres to the Codes of Practice of the Market Research Society (www.mrs.org.uk) and the Strategic and Competitive Intelligence Professionals (www.scip.org).

All GlobalData’s databases are continuously updated and revised. The following methodology has been followed for the collection and analysis of data presented in this report.

11.4.1 Coverage This report provides detailed information relating to the global steam condenser market for thermal power plants, and examines the steam condenser market in following key countries: the US, Canada, China, India, the UK, Australia and Saudi Arabia. The report provides:

Analysis on the market for steam condensers used in thermal power plant

Data on market values generated from steam condenser sales, globally and at a national level for the above listed seven countries

Data on pricing and volume analyses of the steam condenser market both globally and for the listed countries

Power regulations and key initiatives impacting the steam condenser market

11.4.2 Secondary Research The research process begins with exhaustive secondary research within GlobalData's own databases and external sources.

Market values and volumes, pricing estimates and market growth rates are arrived at by taking the following into consideration:

Statistics and historic trends provided by government bodies, industry associations and equipment vendors

Utility expansion plans

Government and private sector investments

Government regulations and policies

GlobalData’s proprietary databases, such as the Capacity and Generation Database and Power Plants Database. For different countries, these databases were analyzed for the existing and forecast trends in power generation, transmission capacity and substation additions.

Other insights resulting from secondary research and analysis of company websites, annual reports, investor presentations, industry and trade journals, and association data



11.4.3 Primary Research A number of primary interviews are conducted with personnel across the value chain to verify and fine-tune the market numbers obtained from secondary research and get first hand information on industry trends.

Participants are then drawn from a diverse set of backgrounds including equipment manufacturers, industry associations, government bodies, utilities. Participants include, but are not limited to, business development and sales managers, C-level executives, industry consultants and purchasing managers.

11.4.3.1 Definitions, Market Estimates and Assumptions

For the period between 2006 and 2011, the market volumes of steam condensers sold in a year has been calculated on the basis of contracts awarded for steam turbine based thermal power plants. Volumes for the forecast period of 2012 to 2020 have been calculated by considering planned and scheduled steam based thermal power capacity additions. The capacity addition is forecasted on the basis of government plans, power plants planned and under construction, and existing trends. The replacement market is also considered before calculation of the final market volume. The overall growth trend is validated through primary interviews with industry experts.

Average prices for steam condenser units, including individual averages for WCC and ACC models, are calculated on the basis of steam based thermal power plant contract values and quantitative and qualitative insights gathered through interviews with industry experts. Producer Price Index has been used to estimate the price trend of steam condenser.

The market revenue of steam condenser in a given year has been calculated by multiplying weighted average price (per MW) of a steam condenser with the steam turbine based power plants capacity. The revenue from the retrofit and replacement market is also considered. Revenue growth trends are validated through primary interviews with industry experts.

11.6 Disclaimer All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.

This report is a licensed product and should not to be reproduced without prior permission.

The information in this document has been extracted from Power eTrack by a registered user.

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