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ASEAN Renewable Energy Market, Forecast to 2023
Solar Power is Becoming a Mainstream Source of Energy Across the Region
06-Sep-2019
Asia Pacific
Market Research
P9F8-01-00-00-00
EG02007-AP-MR_23447
The ‘ASEAN Renewable Energy Market, Forecast to 2023’ focuses on the past, current, and future growth potential of Renewable Energy (RE) in the ASEAN region. The focus of this study is on three major technologies: solar PV, wind power, and bioenergy (biomass and biogas). The markets in Malaysia, Thailand, the Philippines, Indonesia, Vietnam, and Singapore have been researched in detail for each technology. This study examines the installed capacity of the above-mentioned technologies in each country for the period 2015 to 2018 and forecasts the future installed capacity of each technology up to 2023. In addition, market drivers and restraints for development of RE in each country of the region have been examined and explained together with the key industry rules and regulations that drive investment decisions. This study lists down major upcoming RE projects, with details regarding installed capacity, involved companies, project location, and the current status of the project.
The ASEAN RE market is becoming more competitive and attractive for investments, aided by strong economic growth in some countries, active pursuance of 'sustainability development goals', and private sector initiatives toward a low-carbon future. The findings revealed that the national power generation plans of all the countries in the region thrust greater emphasis on increasing RE capacity in the overall power generation mix, based on local resource availability. The optimistic growth outlook of ASEAN region in the near future, despite current global trade disputes and uncertainties in the world, and the existing correlation between economic growth and electricity demand, have made this region an attractive destination for RE investments.
This research service is a comprehensive guideline for investors and key decision makers to select the right technology and market to invest in the ASEAN region.
Finally, the study explains the growth opportunities available in the region for potential investors and discusses the critical success factors in the RE market.
Key Issues Addressed
- How is the current renewable market condition in the countries of the region and which are the key participants in the renewable energy market in each country?
- What are the key rules and regulations affecting investments in renewable energy in ASEAN countries?
- What are the market risk factors in each of these countries for renewable energy development?
- What is the forecast of installed capacity for solar power, wind power, and bioenergy in each country?
- What are the current and ongoing renewable projects in each country?
Key Findings
Renewable Energy Target in ASEAN Countries
Installed Capacity Breakdown in ASEAN Countries
CEO’s Perspective
Market Definitions
Key Questions this Study will Answer
Installed Capacity Cost Breakdown
Installed Capacity Cost Breakdown (continued)
2018 Renewable Energy Market Snapshot
Key Renewable Energy Market Regulations
Key Renewable Energy Market Regulations (continued)
Key Renewable Energy Market Regulations (continued)
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Market Forecasts and Trends
Solar PV Market Capacity Forecast
Project Tracker—Solar PV
Project Tracker—Solar PV (continued)
Project Tracker—Solar PV (continued)
Project Tracker—Solar PV (continued)
Bioenergy Market Capacity Forecast
Project Tracker—Bioenergy
Competitive Structure—Solar PV
Competitive Structure—Bioenergy
Competitive Landscape
2018 Renewable Energy Market Snapshot
Key Renewable Energy Market Regulations
Key Renewable Energy Market Regulations (continued)
Market Drivers
Drivers Explained
Drivers Explained (continued)
Market Restraints
Restraints Explained
Solar PV Market Capacity Forecast
Project Tracker—Solar PV
Wind Power Market Capacity Forecast
Project Tracker—Wind Power
Bioenergy Market Capacity Forecast
Project Tracker—Bioenergy
Competitive Structure—Solar PV
Competitive Structure—Wind Power
Competitive Structure—Bioenergy
Competitive Landscape
Competitive Landscape (continued)
2018 Renewable Energy Market Snapshot
Key Renewable Energy Market Regulations
Key Renewable Energy Market Regulations (continued)
Market Drivers
Drivers Explained
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Solar PV Market Capacity Forecast
Project Tracker—Solar PV
Project Tracker—Solar PV (continued)
Wind Power Market Capacity Forecast
Project Tracker—Wind Power
Bioenergy Market Capacity Forecast
Project Tracker—Bioenergy
Competitive Structure—Solar PV
Competitive Structure—Wind Power
Competitive Structure—Bioenergy
Competitive Landscape
2018 Renewable Energy Market Snapshot
Key Renewable Energy Market Regulations
Key Renewable Energy Market Regulations (continued)
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Solar PV Market Capacity Forecast
Project Tracker—Solar PV
Project Tracker—Solar PV (continued)
Project Tracker—Solar PV (continued)
Wind Power Market Capacity Forecast
Project Tracker—Wind Power
Project Tracker—Wind Power (continued)
Bioenergy Power Market Capacity Forecast
Competitive Structure—Solar PV
Competitive Structure—Wind Power
Competitive Structure—Bioenergy
Competitive Landscape
2018 Renewable Energy Market Snapshot
Key Renewable Energy Market Regulations
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Restraints Explained (continued)
Solar PV Market Capacity Forecast
Project Tracker—Solar PV
Project Tracker—Solar PV (continued)
Wind Power Market Capacity Forecast
Bioenergy Market Capacity Forecast
Project Tracker—Bioenergy
Competitive Structure—Solar PV
Competitive Structure—Bioenergy
Competitive Landscape
2018 Renewable Energy Market Snapshot
2018 Renewable Energy Market Snapshot (continued)
Key Renewable Energy Market Regulations
Key Renewable Energy Market Regulations (continued)
Market Drivers
Drivers Explained
Drivers Explained (continued)
Market Restraints
Restraints Explained
Solar PV Market Capacity Forecast
Project Tracker—Solar PV
Project Tracker—Solar PV (continued)
Competitive Structure
Competitive Landscape
Growth Opportunity 1—Geographic Expansion
Growth Opportunity 2—Partnerships
Strategic Imperatives for Success and Growth
Conclusion
Legal Disclaimer
Key Source Documents
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
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