Taiwan - Country Commercial Guide
Electric Power Equipment(ELP) and Energy

This is a best prospect industry sector for this country. Includes a market overview and trade data.

Last published date: 2021-09-13

Overview

Taiwan relies on imports for more than 99 percent of its energy needs.  The island is currently implementing an  energy transformation, with a goal of denuclearizing  and achieving a power generation portfolio of 50 percent natural gas, 27 percent coal, and 20 percent renewable by 2025. To implement the energy transformation and a 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

 

2018

2019

2020

2021 (est.)

Total Market Size

3,173,427

3,490,770

3,592,002

3,789,562

Total Local Production

5,968,950

6,565,845

6,756,255

7,127,849

Total Exports

8,840,200

9,724,220

10,006,222

10,556,565

Total Imports

6,044,677

6,649,145

6,841,970

7,218,279

Imports from the U.S.

1,354,650

1,490,115

1,533,328

1,617,661

Exchange Rate:  USD1

         30.59

       30.86

30.28

27.89

Leading Sub-Sectors

  • Combined-cycle natural gas-fired and power generation equipment
  • Nuclear decommissioning and decontamination services and technology
  • Liquified natural gas receiving tanks and regasification construction services

                              (See Figure 1  below for more details about the above three leading segments) 

  • Raw Materials/Energy Resources
    • Natural gas
    • Low sulfur content coal
  • Renewable Energy
    • Offshore wind turbines
    • Solar panels
    • Power transmission, substation, grid connection technology and equipment
    • Energy efficiency products
  • Battery storage technology and equipment
  • Emission control products such as CO2 sequestration technology
  • 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 ($30,000) 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 help locate qualified local business partners and facilitate business development.

Figure 1: Taiwan Power Company Power Generation Facility – Retiring & Adding Plan

Taipower Company Power Development Plan 2019

 

Coal Gas OilNuclear Renewables

 

Coal Gas OilNuclear Renewables

Installed Capacity (MW)

 

Retiring                
       

 

Hsieho#3
(500)

     
       

 

Hsieho#4
(500)

     
       

 

Tungshiao #4
(386)

     
       

 

Tungshiao #5
(386)

     

Hsieho#1
(500)

     

Hsinta #1
(500)

Mailiao#1
(600)

Hsinta #3
(550)

   

Hsieho#2
(500)

 

 

Talin #5
(500)

Hsinta #2
(500)

Mailiao#2
(600)

Mailiao#3
(600)

 

 

Chinsan#2
(636)

 

Kuosheng #1
(985)

Tatan #7
(600)

Kuosheng #2
(985)

Maansan #1
(981)

Maansan #2
(981)

Hsinta New #4
(550)

 

Adding                

2019

2020

2021

2022

2023

2024

2025

2026

2027

Tungshiao New #2
(893)

Tungshiao New #3
(893)

Chiahuei #2
(510)

Tatan #8
(1123.6)

Tatan #9
(1123.6)

Hsinta New #2
(1300)

Hsinta New #3
(1300)

Taichung New #2
(1300)

Hsieho New #1
(1300)

Linkou
New #2
(800)

IPP
(4690)

Solar
(2930)

Solar
(2500)

Hsinta New #1
(1300)

Tatan #7
(913)

Taichung New #1
(1300)

Solar
(1000)

Solar
(1000)

Linkou
New #3
(800)

Solar
(1670)

Wind
(490)

Wind
(1731)

Solar
(2750)

Solar
(3000)

Solar
(3000)

Wind
(1504)

Wind
(1500)

Solar
(1411)

Wind
(9)

Other Renewables
(2)

Other Renewables
(33)

Wind
(561)

Wind
(903)

Wind
(1964)

Other Renewables
(22)

Other Renewables
(28)

Wind
(132)

Other Renewables
(2)

   

Other Renewables
(40)

Other Renewables
(5)

Other Renewables
(37)

Additional LNG
(1200)

Additional LNG
(1200)

       

 

Additional LNG
(1000)

Additional LNG
(1500)

   

 

Remark: According to the MOEA Report of the assessment to energy referendums in May, 2021

Source: Taiwan Power Company

Resources

U.S.’ firms wishing to learn more about the electrical power equipment market and expanding export opportunities to Taiwan are encouraged to contact CS Taiwan at office.taipei@trade.gov