Taiwan - Electric Power Generation Equipment and EnergyElectric Power Equipment and Energy
Overview
Taiwan relies on imports for more than 99 percent of its energy needs. The island is currently implementing its National Energy Transformation, with the goal of denuclearizing the energy industry and achieving a power generation portfolio of 20 percent renewable, 50 percent natural gas, and 30 percent coal by 2025. Due to the proposed transformation and the Nuclear-Free Homeland Policy, Taiwan is building new liquified natural gas receiving terminals, expanding natural gas power generation fleets, developing renewable energy with a focus on solar and offshore wind power generation, and beginning to decommission the island’s nuclear power plants.Electric Power Equipment Market Unit: USD thousands
| 2016 | 2017 | 2018 | 2019 (est.) | |
| Total Market Size | $2,124,457 | $2,483,726 | $3,173,427 | $3,490,770 |
| Total Local Production | $5,338,642 | $5,687,654 | $5,968,950 | $6,565,845 |
| Total Exports | $8,327,379 | $8,493,927 | $8,840,200 | $9,724,220 |
| Total Imports | $5,113,194 | $5,289,999 | $6,044,677 | $6,649,145 |
| Imports from the U.S. | $767,638 | $782,991 | $1,354,650 | $1,490,115 |
| Exchange Rate: USD1 | 32.28 | 29.65 | 30.59 | 30.86 |
Total Market Size = (Total Local Production + Total Imports) – (Total Exports)
Sources: Total Local Production: Taiwan Ministry of Economic Affairs; Total Exports: Customs Administration, Taiwan Ministry of Finance; Total Imports: Customs Administration, Taiwan Ministry of Finance; Imports from U.S.: U.S. Census Bureau; Exchange rates: U.S. Treasury Department
Leading Sub-Sectors
- Combined-cycle natural gas-fired and ultra-supercritical coal-fired power generation equipment
- Digital electric meters
- Emission control products
- CO2 sequestration technology
- Energy efficiency products
- Grid connection technology and equipment
- Liquified natural gas receiving tanks and regasification construction service
- (See Figure 1 below for more details about the above three leading segments)
- Nuclear decommission and decontamination services and technology
- Raw materials/Energy resources
- Low sulfur content coal
- Natural gas
- Renewable Energy
- Smart Grid and energy storage technology and products
Opportunities
Taiwan’s 1999 Government Procurement Act (GPA) requires all government procurement entities and state-owned companies to publicize all procurements with value over NT$1 million ($32,400) on the Taiwan authorities’ e-procurement website. As a state-owned enterprise, all procurements released by the Taiwan Power Company must be submitted to this website.U.S. companies can use the Business Facilitation Service provided by Commercial Service Taiwan to arrange meetings with Taiwan’s Bureau of Energy and the Taiwan Power Company to make technical presentations to introduce their company background and products. U.S. companies can also use the Gold Key and Single Company Promotion Services provided by Commercial Service Taiwan to locate qualified local business partners and facilitate business development.
Web Resources
Figure 1
Taiwan Power Company Power Generation Facility – Retiring and Adding Plan.Source: Taiwan Power Company
Trade Shows
- 2020 Energy Taiwan Forum, Taipei, October 2020 (Date TBD)
Relevant Authorities
- CPC Corporation, Taiwan
- Taiwan Bureau of Energy
- Taiwan Government e-Procurement System
- Taiwan Power Company
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