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The Net-Zero Energy Transition, Innovative Business Models, and Diversification Create New Growth Opportunities for both Traditional and Non-Traditional Participants
22-Feb-2022
Asia Pacific
Market Outlook
PCAC-01-00-00-00
EG02217-AP-MO_26298
After a challenging 2020, 2021 was a defining year for the energy industry in many ways. The world witnessed rising concerns about climate change and the need for sustainable solutions and processes. Following the latest COP summit, more than 100 countries pledged their commitment to net-zero emissions by 2050. In Asia-Pacific, Japan, Australia, and South Korea have aggressive targets, while Southeast Asian countries such as Malaysia and Indonesia have pledged to limit the global temperature rise to a 1.5 degrees Celsius threshold.
Despite the COVID-19 pandemic, stakeholders across the energy value chain exhibited resilience by developing innovative business models and sustainable practices to boost sales. This resulted in record growth for the renewables industry in 2021. In 2022, despite supply chain constraints, the installation of renewable energy sources will gain momentum as the demand for clean energy solutions accelerates in Asia-Pacific.
Renewables was the big story of 2021 and, in 2022, the momentum will continue as a growing number of stakeholders pursue sustainability targets. Frost & Sullivan predicts that more than $48 billion will be invested in the renewable energy sector in 2022.
This Frost & Sullivan outlook offers a comprehensive overview of the top trends in the Asia-Pacific power and energy market in 2022, including the growing role of hydrogen in the shift to clean energy; the diversification of oil and gas companies to the power sector; energy storage growth in South Korea; offshore wind growth in East Asia; rising solar and biomass installations; and power demand growth.
The study period is from 2020 to 2030, and 2021 is the base year. The deliverable offers power investment predictions for select countries, and it also highlights future growth opportunities and strategic imperatives that market participants can consider to capitalize on growth opportunities.
Author: Rajalingam Arikaarampalayam Chinnasamy
Key Highlights, 2021
Top Predictions for 2022
Why Is It Increasingly Difficult To Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Power and Energy Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Scope
Segments Included in the Study
Key Market Trends
Key Market Trends (continued)
Trend 1—New Revenue Streams for Utilities
Trend 1—New Revenue Streams for Utilities (continued)
Trend 2—Wind Power Growth in East Asia
Trend 3—Oil and Gas Companies’ Diversification into Power
Trend 3—Oil and Gas Companies’ Diversification into Power (continued)
Trend 3—Oil and Gas Companies’ Diversification into Power (continued)
Trend 4—Decommissioning/Repurposing of Offshore Platforms
Trend 4—Decommissioning/Repurposing of Offshore Platforms (continued)
Trend 5—Rise of the Hydrogen Economy
Trend 5—Rise of the Hydrogen Economy (continued)
Trend 5—Rise of the Hydrogen Economy (continued)
Trend 6—Closure of Coal Power Plants
Trend 6—Closure of Coal Power Plants (continued)
Trend 7—Bioenergy’s Mixed Potential
Trend 7—Bioenergy’s Mixed Potential (continued)
Trend 8—Asia-Pacific’s Leadership in Floating Solar
Trend 8—Asia-Pacific’s Leadership in Floating Solar (continued)
Trend 9—Energy Storage and Microgrids are Going Mainstream
Trend 9—Energy Storage and Microgrids are Going Mainstream (continued)
Trend 10—Data Center Decentralization
Trend 11—Strong Digital Grid Investments
Trend 12—Rising Net-Zero Investments
Annual Investment Forecast
Installed Capacity Forecast
Annual Capacity Additions
Annual Investment by Country
Key Country Power Trends
Power Generation Investment Outlook
Power Generation Investment Outlook (continued)
Australian Power and Energy Market
South Korean Power and Energy Market
Japanese Power and Energy Market
Vietnamese Power and Energy Market
Growth Opportunity 1—The as-a-service Business Model for Accelerated DER Adoption
Growth Opportunity 1—The as-a-service Business Model for Accelerated DER Adoption (continued)
Growth Opportunity 2—Mergers and Acquisitions between Strategic Competitors to Leverage Market Synergies
Growth Opportunity 2—Mergers and Acquisitions between Strategic Competitors to Leverage Market Synergies (continued)
Growth Opportunity 3—IoT to Enable Generation and Grid Equipment to Strengthen Power Network Resilience and Reliability
Growth Opportunity 3—IoT to Enable Generation and Grid Equipment to Strengthen Power Network Resilience and Reliability (continued)
Key Conclusions
Partial List of Abbreviations and Acronyms Used in the Study
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Wind Power Market: Cumulative Installed Capacity Forecast, APAC, 2020, 2025, 2030
- Hydrogen Market: Overview of Policies and Regulations, APAC, 2021
- Hydrogen Market Policies and Regulations—Hydrogen Production with a Focus on Exports, Australia, 2021
- Hydrogen Market Policies and Regulations—Renewable Hydrogen Potential, Including Access to Water, Ports, Pipelines, and Electricity Infrastructure, Australia, 2021
- Hydrogen Market: Policies and Regulations and Policy Type and Impact, Japan, 2021
- Hydrogen Market: Key Activities and Projects, Japan and South Korea, 2021
- Power and Energy Market: Capacity Forecast for Coal Power Plant Closure, APAC, 2020–2030
- Power and Energy Market: Biomass Growth Potential by Country, APAC, 2020–2030
- Power and Energy Market: Residential Storage Capacity by Country, APAC, 2030
- Power and Energy Market: Cumulative Grid-scale Storage Capacity by Country, APAC, 2021 and 2030
- Data Centre Colocation Services Market: Colocation Service Revenue by Key Region, APAC, 2021
- Data Centre Colocation Services Market: Revenue Forecast, APAC, 2021–2030
- Power and Energy Market: Emission Trading Systems in Countries, APAC, 2021
- Power and Energy Market: Annual Investment Forecast by Fuel Type and Country, APAC, 2021, 2022, and 2030
- Power and Energy Market: Annual Installed Capacity Forecast by Fuel Type and Country, APAC, 2021, 2022, and 2030
- Power and Energy Market: Annual Capacity Addition Forecast by Fuel Type, APAC, 2020–2030
- Power and Energy Market: Annual Investment Forecast by Country, APAC, 2020–2030
- Power and Energy Market: Power Trends by Country, APAC, 2021–2030
- Power and Energy Market: Power Generation Investment by Fuel Type, Australia, 2021, 2022, 2025, 2030
- Power and Energy Market: Power Generation Investment by Fuel Type, South Korea, 2021, 2022, 2025, 2030
- Power and Energy Market: Power Generation Investment by Fuel Type, Japan, 2021, 2022, 2025, 2030
- Power and Energy Market: Power Generation Investment by Fuel Type, Vietnam, 2021, 2022, 2025, 2030
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| Deliverable Type | Market Outlook |
|---|---|
| Author | Rajalingam Chinnasamy |
| GPS Codes | 9AFE-A4,9AFF-A4,9B00-A4,9851,9852,GETE |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Renewable Energy Market |
| Keyword 2 | electrical energy market |
| Keyword 3 | Power Market |
| List of Charts and Figures | Wind Power Market: Cumulative Installed Capacity Forecast, APAC, 2020, 2025, 2030~ Hydrogen Market: Overview of Policies and Regulations, APAC, 2021~ Hydrogen Market Policies and Regulations—Hydrogen Production with a Focus on Exports, Australia, 2021~ Hydrogen Market Policies and Regulations—Renewable Hydrogen Potential, Including Access to Water, Ports, Pipelines, and Electricity Infrastructure, Australia, 2021~ Hydrogen Market: Policies and Regulations and Policy Type and Impact, Japan, 2021~ Hydrogen Market: Key Activities and Projects, Japan and South Korea, 2021~ Power and Energy Market: Capacity Forecast for Coal Power Plant Closure, APAC, 2020–2030~ Power and Energy Market: Biomass Growth Potential by Country, APAC, 2020–2030~ Power and Energy Market: Residential Storage Capacity by Country, APAC, 2030~ Power and Energy Market: Cumulative Grid-scale Storage Capacity by Country, APAC, 2021 and 2030~ Data Centre Colocation Services Market: Colocation Service Revenue by Key Region, APAC, 2021~ Data Centre Colocation Services Market: Revenue Forecast, APAC, 2021–2030~ Power and Energy Market: Emission Trading Systems in Countries, APAC, 2021~ Power and Energy Market: Annual Investment Forecast by Fuel Type and Country, APAC, 2021, 2022, and 2030~ Power and Energy Market: Annual Installed Capacity Forecast by Fuel Type and Country, APAC, 2021, 2022, and 2030~ Power and Energy Market: Annual Capacity Addition Forecast by Fuel Type, APAC, 2020–2030~ Power and Energy Market: Annual Investment Forecast by Country, APAC, 2020–2030~ Power and Energy Market: Power Trends by Country, APAC, 2021–2030~ Power and Energy Market: Power Generation Investment by Fuel Type, Australia, 2021, 2022, 2025, 2030~ Power and Energy Market: Power Generation Investment by Fuel Type, South Korea, 2021, 2022, 2025, 2030~ Power and Energy Market: Power Generation Investment by Fuel Type, Japan, 2021, 2022, 2025, 2030~ Power and Energy Market: Power Generation Investment by Fuel Type, Vietnam, 2021, 2022, 2025, 2030~ |
| Podcast | No |
| WIP Number | PCAC-01-00-00-00 |
Asia-Pacific Power and Energy Outlook, 2022
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