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Greater Emphasis on Energy Security, Renewable Energy Adoption, and Grid Investments Drive Growth
31-Mar-2023
Asia Pacific
Market Outlook
PE44-01-00-00-00
EG02312-AP-MO_27538
Frost & Sullivan observed that 2022 was a mixed year for the APAC power and energy sector. While the region benefitted from ending COVID-19 restrictions and increased economic activity, Russia's invasion of Ukraine meant it faced new energy security challenges as commodity prices rose, particularly for liquified natural gas. This has increased the importance of renewable energy investment to mitigate higher energy costs while achieving decarbonization goals.
However, it has also made coal a more critical element of the region’s energy mix, as utilities worry about an increased dependency on gas. Decarbonization will remain a focus for the area despite the use of coal, with carbon capture, usage, and storage (CCUS) and hydrogen likely to offer robust growth in the longer term as the region explores all options to decarbonize its energy mix. Grid investment will continue accelerating to facilitate renewables' development and improve the energy network's resiliency.
The base year for the study is 2022, with 2020–2030 as the study period and 2023–2030 as the forecast period. Frost & Sullivan included the following countries in this region: Australia, Brunei, Cambodia, Indonesia, Japan, Laos, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The research includes segmentation, including conventional and renewable power generation sources. It highlights key trends and overall impact levels that will influence the future growth of the power and energy market in the countries.
Author: Rajalingam Arikaarampalayam Chinnasamy
The 2022 Power and Energy Market: Forecast vs. Actual
Top Predictions for 2023
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Power and Energy Industry
Growth Opportunities Fuel the Growth Pipeline EngineTM
Analysis Scope
Segments Included in the Study
Market Trends
Market Trends (continued)
Trend 1: Energy Security Determines Investment Decisions and Policy Initiatives in APAC
Trend 2: RE Adoption Drives New Markets and Integrated Stacks
Trend 3: Steady Increase in Grid Investments
Trend 4: Storage Will Become Essential for Grid Flexibility and Renewable Integration
Trend 5: Pace of Digital Grid Investment Increases
Trend 6: Hydrogen Moves Forward
Trend 7: CCUS Hubs Development Gains Momentum
Trend 8: Rise of Distributed Intelligence Drives Data Center Investments
Trend 8: Rise of Distributed Intelligence Drives Data Center Investments (continued)
Trend 9: Smart Electricity Meter Growth Potential
Trend 10: Solar PV—N-type Technology Dominates Future Growth
Annual Power Generation Investment Forecast
Installed Power Generation Capacity Forecast
Power Trends by Country
Power Generation Investment Outlook
Power Generation Investment Outlook (continued)
Market Forecast—Australia
Market Analysis—Australia
Market Forecast—Japan
Market Analysis—Japan
Market Forecast—South Korea
Market Analysis—South Korea
Market Forecast—Vietnam
Market Analysis—Vietnam
Market Forecast—Rest of APAC*
Market Analysis—Rest of APAC
Growth Opportunity 1: Digitalization to Strengthen Power Resiliency and Reliability
Growth Opportunity 1: Digitalization to Strengthen Power Resiliency and Reliability (continued)
Growth Opportunity 2: Grid Investments Vital to Accommodate RE Sources
Growth Opportunity 2: Grid Investments Vital to Accommodate RE Sources (continued)
Growth Opportunity 3: Rooftop Solar Deployment Accelerates
Growth Opportunity 3: Rooftop Solar Deployment Accelerates (continued)
Conclusions and Future Outlook
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Power and Energy: Imports as a Share of Total Energy Supply by Country, APAC, 2022
- Power and Energy: RE Share in Total Capacity Expansion, APAC, 2022–2030
- Power and Energy: Annual Transmission Network Additions (ckm), APAC, 2022–2030
- Power and Energy: Annual Transformer Capacity Additions (MVA), APAC, 2022–2030
- Power and Energy: Annual AMI Investment ($ M), APAC, 2022–2030
- Power and Energy: Annual HV&MV Switchgear Investment ($ B), APAC, 2022–2030
- Power and Energy: Capacity Additions Forecast, APAC, 2020–2030
- Power and Energy: Digital Grid Investment, APAC, 2022, 2025, and 2030
- Power and Energy: Electrolyzer Capacity Additions, APAC, 2022–2030
- CCUS Hubs: Revenue Forecast ($ B), Global, 2022, 2025, and 2030
- CCUS Hubs: Revenue Share by Region, Global, 2030
- Power and Energy: Data Center Investment Forecast, APAC, 2022 and 2030
- Power and Energy: Colocation Data Center Capacity, Tier 1 Markets, APAC, 2021, 2022, and 2030
- Power and Energy: Colocation Data Center Capacity Share by Selected APAC City, Tier 1 Markets, 2022
- Power and Energy: Colocation Data Center Capacity, Southeast Asia (excluding Singapore), 2021, 2022, and 2030
- Power and Energy: Colocation Data Center Capacity Share, Southeast Asia (excluding Singapore), 2022
- Total Smart Electricity Meter: Unit Shipment Forecast by Region, APAC, 2021, 2022, 2025, and 2030
- Power and Energy: N-type and P-type Share, Global, 2020, 2021, 2022, 2025, and 2030
- Power and Energy: Investment by Fuel, 2022, 2023, and 2030
- Power and Energy: Investment Forecast by Fuel and Country, APAC, 2023
- Power and Energy: Installations by Fuel and Country, 2022, 2023, and 2030
- Power and Energy: Installations by Fuel and Country, 2023
- Power and Energy: Trends by Country, 2022–2030
- Power and Energy: Power Generation Investment Forecast ($ B), Australia, 2023–2030
- Power and Energy: Power Generation Capacity Additions Forecast by Fuel Source, Australia, 2020–2030
- Power and Energy: Power Generation Investment Forecast ($ B), Japan, 2023–2030
- Power and Energy: Power Generation Capacity Additions Forecast by Fuel Source, Japan, 2020–2030
- Power and Energy: Power Generation Investment Forecast ($ B), South Korea, 2023–2030
- Power and Energy: Power Generation Capacity Additions Forecast by Fuel Source, South Korea, 2020–2030
- Power and Energy: Power Generation Investment Forecast ($ B), Vietnam, 2023–2030
- Power and Energy: Power Generation Capacity Additions Forecast by Fuel Source, Vietnam, 2020–2030
- Power and Energy: Power Generation Investment Forecast ($ B), Rest of APAC, 2023–2030
- Power and Energy: Power Generation Capacity Additions Forecast by Fuel Source, Rest of APAC, 2020–2030
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| Deliverable Type | Market Outlook |
|---|---|
| Author | Rajalingam Chinnasamy |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Power Market Analysis |
| Keyword 2 | Energy Industry Trends |
| Keyword 3 | Apac Power and Energy Market |
| List of Charts and Figures | Power and Energy: Imports as a Share of Total Energy Supply by Country, APAC, 2022~ Power and Energy: RE Share in Total Capacity Expansion, APAC, 2022–2030~ Power and Energy: Annual Transmission Network Additions (ckm), APAC, 2022–2030~ Power and Energy: Annual Transformer Capacity Additions (MVA), APAC, 2022–2030~ Power and Energy: Annual AMI Investment ($ M), APAC, 2022–2030~ Power and Energy: Annual HV&MV Switchgear Investment ($ B), APAC, 2022–2030~ Power and Energy: Capacity Additions Forecast, APAC, 2020–2030~ Power and Energy: Digital Grid Investment, APAC, 2022, 2025, and 2030~ Power and Energy: Electrolyzer Capacity Additions, APAC, 2022–2030~ CCUS Hubs: Revenue Forecast ($ B), Global, 2022, 2025, and 2030~ CCUS Hubs: Revenue Share by Region, Global, 2030~ Power and Energy: Data Center Investment Forecast, APAC, 2022 and 2030~ Power and Energy: Colocation Data Center Capacity, Tier 1 Markets, APAC, 2021, 2022, and 2030~ Power and Energy: Colocation Data Center Capacity Share by Selected APAC City, Tier 1 Markets, 2022~ Power and Energy: Colocation Data Center Capacity, Southeast Asia (excluding Singapore), 2021, 2022, and 2030~ Power and Energy: Colocation Data Center Capacity Share, Southeast Asia (excluding Singapore), 2022~ Total Smart Electricity Meter: Unit Shipment Forecast by Region, APAC, 2021, 2022, 2025, and 2030~ Power and Energy: N-type and P-type Share, Global, 2020, 2021, 2022, 2025, and 2030~ Power and Energy: Investment by Fuel, 2022, 2023, and 2030~ Power and Energy: Investment Forecast by Fuel and Country, APAC, 2023~ Power and Energy: Installations by Fuel and Country, 2022, 2023, and 2030~ Power and Energy: Installations by Fuel and Country, 2023~ Power and Energy: Trends by Country, 2022–2030~ Power and Energy: Power Generation Investment Forecast ($ B), Australia, 2023–2030~ Power and Energy: Power Generation Capacity Additions Forecast by Fuel Source, Australia, 2020–2030~ Power and Energy: Power Generation Investment Forecast ($ B), Japan, 2023–2030~ Power and Energy: Power Generation Capacity Additions Forecast by Fuel Source, Japan, 2020–2030~ Power and Energy: Power Generation Investment Forecast ($ B), South Korea, 2023–2030~ Power and Energy: Power Generation Capacity Additions Forecast by Fuel Source, South Korea, 2020–2030~ Power and Energy: Power Generation Investment Forecast ($ B), Vietnam, 2023–2030~ Power and Energy: Power Generation Capacity Additions Forecast by Fuel Source, Vietnam, 2020–2030~ Power and Energy: Power Generation Investment Forecast ($ B), Rest of APAC, 2023–2030~ Power and Energy: Power Generation Capacity Additions Forecast by Fuel Source, Rest of APAC, 2020–2030~ |
| Podcast | No |
| WIP Number | PE44-01-00-00-00 |