Singapore Power Market Outlook to 2035, Update 2024 - Market Trends, Regulations, and Competitive Landscape
Summary
This report discusses the power market structure of Singapore and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.
Scope
- Snapshot of the country’s power sector across parameters - macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
- Statistics for installed capacity, generation, and consumption from 2015 to 2023, and forecast for the next 12 years to 2035
- Capacity, generation, and major power plants by technology
- Data on leading active and upcoming power plants
- Information on transmission and distribution infrastructure, and electricity imports and exports
- Policy and regulatory framework governing the market
- Detailed analysis of top market participants, including market share analysis and SWOT analysis
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify 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
- 1 Executive Summary
- 1.1 Natural gas to continue dominate Singapore power generation mix.
- 1.2 Solar PV to continue its dominance in renewable power.
- 2 Introduction
- 2.1 Singapore Power Market
- 2.2 GlobalData Report Guidance
- 3 Singapore Power Market, Snapshot
- 3.1 Country Summary
- 3.2 Macroeconomic Factors
- 3.3 Supply Security
- 3.4 Opportunities
- 3.5 Challenges
- 3.6 Geopolitical Crisis
- 4 Singapore Power Market, Market Analysis
- 4.1 Market Structure
- 4.2 Key Market Players
- 4.3 Financial Deals
- Deal Value and Volume, 2015-2023
- Deals by Type, 2023
- 4.4 Singapore Power Market, Demand Structure
- Power Consumption by Sector, 2023
- 4.5 Singapore Power Market, Drivers, Restraints, and Challenges
- Drivers
- Restraints
- 5 Singapore Power Market, Regulatory Scenario
- 5.1 Thermal Power Policy
- 5.2 Renewable Energy Market, Overview
- 5.3 Policy Snapshot
- 5.4 Renewable Energy Targets
- 5.5 Electricity Act, 2002 (Amendment) Act, 2018
- 5.6 National Energy Policy
- 5.7 Auctions
- 5.8 Solar PV Subsidies
- Simplified Credit Treatment Scheme (SCT)
- Enhanced Central Intermediary Scheme (ECIS)
- Renewable Energy Certificates (REC)
- 5.9 SolarNova Program
- 5.10 Net metering
- 5.11 Nationally Determined Contribution (NDC)
- 5.12 Tax Incentive for Energy Saving Equipment
- 5.13 Singapore’s Carbon Tax
- 5.14 National Hydrogen Strategdy
- 6 Singapore Power Market, Capacity and Generation
- 6.1 Cumulative Capacity Share by Technology, 2023
- 6.2 Total Power Capacity and Generation, 2015-2035
- 6.3 Thermal Power Capacity and Generation, 2015-2035
- 6.4 Renewable Power Capacity and Generation, 2015-2035
- 7 Singapore Power Market, Transmission and Distribution Overview
- 7.1 Transmission Network
- 7.2 Distribution Network
- 7.3 Grid Interconnection
- 8 Singapore Power Market, Major Generating Companies
- 8.1 Sembcorp Industries Ltd
- Company Overview
- Business Description
- SWOT Overview
- 8.2 China Huaneng Group Co. Ltd
- Company Overview
- Business Description
- SWOT Overview
- 8.3 Engie SA
- Company Overview
- Business Description
- SWOT Overview
- 8.4 YTL Corporation Bhd
- Company Overview
- Business Description
- SWOT Overview
- 9 Appendix
- 9.1 Abbreviations
- 9.2 Methodology
- Coverage
- Secondary Research
- Primary Research
- Modelling and Forecasting
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Power Market, Singapore, Macroeconomic Factors, 2015-2030
- Table 2: Policy Snapshot, Singapore, 2023
- Table 3: Renewable Energy Certificate Details, Singapore,
- Table 4: Renewable Energy Market, Capacity Awarded under SolarNova Program, Singapore
- Table 5: Renewable Energy Market, Net metering Tariffs comparison of Retailers, Singapore
- Table 6: Power Market, Singapore, Cumulative Capacity and Annual Generation, 2015-2035
- Table 7: Power Market, Singapore, Cumulative Capacity and Annual Generation Share by Technology, 2015-2035
- Table 8: Thermal Power Market, Singapore, Cumulative Capacity and Annual Generation, 2015-2035
- Table 9: Thermal Power Market, Singapore, Major Active Plants, 2023
- Table 10: Thermal Power Market, Singapore, Major Upcoming Plants, 2023
- Table 11: Renewable Power Market, Singapore, Cumulative Capacity (GW), 2015-2035
- Table 12: Renewable Power Market, Singapore, Annual Generation (TWh), 2015-2035
- Table 13: Renewable Power Market, Singapore, Major Active Plants, 2023
- Table 14: Renewable Power Market, Singapore, Major Upcoming Plants, 2023
- Table 15: Power Market, Singapore, Transmission Line Length (Ckm) by Voltage Level, 2015-2028
- Table 16: Power Market, Singapore, Distribution Line Length (Ckm) by Voltage Level, 2015-2028
- Table 17: Power Market, Singapore, Upcoming Interconnection Projects
- Table 18: Abbreviations
- List of Figures
- Figure 1: Power Market, Singapore, Annual Generation, 2023-2035
- Figure 2: Renewable Power Market, Singapore, Cumulative Capacity, 2023-2035
- Figure 3: Power Market, Singapore, Country Summary
- Figure 4: Power Market, Singapore, Macroeconomic Factors, 2015-2030
- Figure 5: Power Market, Singapore, Market Structure
- Figure 6: Power Market, Singapore, Market Share of Generation Companies (%), 2023
- Figure 7: Power Market, Singapore, Deal Value and Number of Deals, 2015-2023
- Figure 8: Power Market, Singapore, Deals by Type (%), 2023
- Figure 9: Power Market, Singapore, Annual Power Consumption, 2015-2035
- Figure 10: Power Market, Singapore, Power Consumption by Sector (%), 2023
- Figure 11: Renewable Auctions, SolarNova tender, No of Blocks Commited Vs. Awarded Capacity, Singapore, 2015-2022
- Figure 12: Power Market, Singapore, Cumulative Capacity Share by Technology (%), 2023
- Figure 13: Power Market, Singapore, Cumulative Capacity and Annual Generation, 2015-2035
- Figure 14: Power Market, Singapore, Capacity Share by Technology, 2015-2035
- Figure 15: Power Market, Singapore, Annual Generation Share by Technology, 2015-2035
- Figure 16: Thermal Power Market, Singapore, Cumulative Capacity and Annual Generation, 2015-2035
- Figure 17: Renewable Power Market, Singapore, Cumulative Capacity, 2015-2035
- Figure 18: Renewable Power Market, Singapore, Annual Generation, 2015-2035
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