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: 2020-09-25

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, 30 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

 

2017

2018

2019

2020 (est.)

Total Market Size

2,483,726

3,173,427

3,490,770

3,420,954

Total Local Production

5,687,654

5,968,950

6,565,845

6,434,528

Total Exports

8,493,927

8,840,200

9,724,220

9,529,736

Total Imports

5,289,999

6,044,677

6,649,145

6,516,162

Imports from the U.S.

782,991

1,354,650

1,490,115

1,460,313

Exchange Rate:  USD1

     29.65

         30.59

       30.86

30.28

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 power generation equipment
  • Nuclear decommission and decontamination services and technology
  • Liquified natural gas receiving tanks and regasification construction service

                  (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
    • Grid connection technology and equipment
    • Energy efficiency products
  • Emission control products such as CO2 sequestration technology
  • Smart Grid and energy storage technology and products
  • Digital electric meters

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.

United States’ 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.

United States’ 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 2018

Coal Gas OilNuclear

Installed Capacity (MW)

 

 

 

 

 

Talin #5

(500)

 

 

 

 

 

 

 

 

Tunghsiao CC#4

(386)

 

 

 

 

 

 

 

 

Tunghsiao CC#5

 (386)

 

 

Hsinta#3

(550)

       Retiring

 

Hsiehho #1

(500)

   

TaichungCC#7-GTshutdowns (600)

Hsinta#1

(500)

Hsiehho #3

(500)

Taichung GT#2

(70)

 

Hsiehho #2

(500)

   

Taichung GT#1

(70)

Hsinta#2

(500)

Hsiehho #4

(500)

Taichung GT#3

(70)

Chinshan #1

(636)

Chinshan #2

(636)

 

Kuosheng #1

(985)

Taichung GT#4

 (70)

Kuosheng #2

(985)

Maanshan #1
(951)

Maanshan #2
(951)

 

               

 

2018

2019

2020

2021

2022

2023

2024

2025

                 

Adding

Talin new#1 (800)

Talin new#2 (800)

Tunghsiao new CC#3

(893)

 

Tatan CC#8

(1000)

Tatan CC#9 (1000)

Taichung  CC#1

 (1300)

Taichung New CC#2 (1300)

Tunghsiao

new CC#1

(893)

Linkou new#3

(800)

     

Hsinta

new CC#1

(1300)

Tatan CC#7

(1000)

Hsiehho new CC#1

(1300)

Tatan CC#7-GT

(600)

Tunghsiao

new CC#2

(893)

       

Hsinta new CC#2

 (1300)

The Northern Region

(500)

         

 

Remark: According to the MOEA Report of the assessment to energy referendums on March, 2019

Source: Taiwan Power Company

United States’ 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