Brunei Power Market Analysis, Share, Growth & Trends | 2030
Brunei Power Market Analysis, Share, Growth & Trends | 2030
Segments - Brunei Power Market by Generation (Thermal, Renewable, and Others), Distribution and Transmission, and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :EP-3198
| 4.9 Rating
| 75 Reviews
| 194 Pages
| Format :
Report Description
The Brunei power market size is estimated to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increase in investment in the energy sector
EPC is a term that stands for solar engineering, procurement, and construction. The core to this model is that the contractor covers practically every component of the project and serves as the owner's single point of contact and accountability. The huge changes that are occurring in the business and technical aspects of this industry has increased the utilization of EPC contracts in the power generating sector. EPC agreements are used in almost every power production projects. All initiatives must be completed on time to be successful. However, the market still experiences delays owing to a variety of factors, particularly for larger and more complicated projects that are delayed due to land purchase challenges or environmental remediation concerns.
Additionally, investments in the power production industry is increasing to meet the country's expanding energy demand, which is expected to enhance the power market during the projected period. For instance, in 2015, the government of Brunei announced that it aims to increase renewable energy's contribution of electricity generation more than 8% by 2035, with a concentration on PV and waste-to-energy production. The COVID-19 pandemic has caused power businesses to struggle due to economy crisis. However, the relaxation in restrictions is estimated to positively influence the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Advancements in gas turbines, digital solutions, and renewable energy are some of the factors anticipated to propel the power market in the country during the forecast period.
- Rising demand for energy is driving the market during the forecast period.
- Growing urbanization and industrialization is anticipated to boost the power market in coming year.
- High capital cost and maintenance costs of power plants can hinder market growth during the projection period.
- R&D investment and technical improvement are expected to generate lubricative opportunities for market participants.
Scope of the Report
The report on the Brunei power market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Brunei power Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Generation (Thermal, Renewable, and Others) and Distributions and Transmissions |
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Country |
Brunei |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Department of Electrical Services; General Electric Company; Toshiba Corp; Berakas Power Management Company Sdn Bhd; and Brunei LNG Sdn. Bhd. |
Brunei Power Market Segment Insights
Renewable segment is expected to grow at a rapid pace
Based on generation, the market is divided into thermal, renewable, and others. The renewable segment is expected to grow at a rapid pace during the forecast period owing to increasing renewable energy installation and falling power generating costs due to advancement in technology. Moreover, various government state bodies’ determination to reduce their dependency on fossil fuel-based power generation is spurring the segment growth. Renewable energy constitutes more than 1.02% of primary energy consumption in the country. However, the hydro segment is anticipated to hold a key share of the market in the coming years due to investing in modest scale hydro and solar projects.
Distributions and transmissions segment is projected to expand at a considerable CAGR
The distributions and transmissions segment is projected to expand at a considerable CAGR during the forecast period due to rising prices for transmission and distribution boundaries, which in turn, has resulted in the increasing closure of oil and gas generation, expansion of wind, renewable power, small-hydro, and other renewable sources power generation. Moreover, increasing electric motor and heat pump demand and increasing export requirements for interconnectors, are estimated to create several opportunities for the major power EPC companies.
Segments
Segments Covered in the Report
The Brunei power market has been segmented on the basis of
Generations
- Thermal
- Renewable
- Others
Distributions and Transmissions
Country
- Brunei
Key Players
- Department of Electrical Services
- General Electric Company
- Toshiba Corp
- Berakas Power Management Company Sdn Bhd
- Brunei LNG Sdn. Bhd.
Competitive Landscape
Key players competing in the Ecuador power EPC market are Department of Electrical Services; General Electric Company; Toshiba Corp; and Berakas Power Management Company Sdn Bhd; and Brunei LNG Sdn. Bhd.
In August 2019 - Brunei Shell Petroleum announced plans to invest millions in the construction of 3 MW solar parks near to its headquarters, changing it from gas to solar power, which might be a step toward renewable energy in the projection term.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Brunei Power Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Brunei Power Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Brunei Power Market - Supply Chain
4.5. Global Brunei Power Market Forecast
4.5.1. Brunei Power Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Brunei Power Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Brunei Power Market Absolute $ Opportunity
5. Global Brunei Power Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Brunei Power Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Brunei Power Demand Share Forecast, 2019-2026
6. North America Brunei Power Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Brunei Power Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Brunei Power Demand Share Forecast, 2019-2026
7. Latin America Brunei Power Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Brunei Power Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Brunei Power Demand Share Forecast, 2019-2026
8. Europe Brunei Power Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Brunei Power Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Brunei Power Demand Share Forecast, 2019-2026
9. Asia Pacific Brunei Power Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Brunei Power Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Brunei Power Demand Share Forecast, 2019-2026
10. Middle East & Africa Brunei Power Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Brunei Power Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Brunei Power Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Brunei Power Market: Market Share Analysis
11.2. Brunei Power Distributors and Customers
11.3. Brunei Power Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Department of Electrical Services
11.4.2. General Electric Company
11.4.3. Toshiba Corp
11.4.4. Berakas Power Management Company Sdn Bhd
Methodology
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