Asia-Pacific Rooftop Solar Power Market, Forecast to 2020

Asia-Pacific Rooftop Solar Power Market, Forecast to 2020

Evolving FiTs and Business Models to Boost Adoption of Rooftop Solar for Residential Buildings

RELEASE DATE
06-Jun-2017
REGION
Asia Pacific
Research Code: P8F4-01-00-00-00
SKU: EG01758-AP-MR_20054

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Description

The rooftop solar market in Asia-Pacific is at the growth stage, but is likely to witness changes in feed-in tariff (FiT) until 2020. Solar module prices are expected to continue to decline due to price competition led by Chinese manufacturers and the slowing down of global demand. However, prices are expected to decline at a slower pace till 2020, as the number of manufacturers approaching breakeven point is increasing.

Due to the uncertain environment for large-scale solar power projects, Japan is leaning toward the residential rooftop solar power market. The rooftop solar power market in Southeast Asia is expected to gain momentum due to increasing public awareness and government support. In particular, Singapore is one of the high-growth rooftop solar power markets in Southeast Asia, with its “solar leasing” model, which provides a great platform for the private sector to participate. All in all, the FiT policy and supportive government legislation are key drivers for the rooftop solar power market in most countries in Asia-Pacific.

Australia is expected to continue to hold the leading position in the region of Australia and New Zealand (ANZ), despite rapid growth in New Zealand’s rooftop solar power market. Regarding competition, mergers and acquisitions are expected to continue in the market. As the overall solar market remains optimistically buoyant, leading market participants will probably seek potential consolidation to enhance competency and future business opportunities.

In Southeast Asia, the residential customer segment is the leading end user of rooftop solar PV in Malaysia, the Philippines, and Indonesia. In the Philippines and Indonesia, installations are mainly for electrification in remote areas. Off-grid solar power systems are mainly used for rural electrification. Remote places with little or no access to electricity have to rely on cost-effective off-grid renewable energy systems, which are independent from utility companies. Other regions such as East Asia and ANZ possess slightly different market characteristics in terms of customers and grid connections.

While Southeast Asia is forecast grow fastest, East Asia and ANZ are mature markets that require different strategies to succeed. In this study, market trends are analyzed for a study period of 2016 to 2020. Key market information includes installed capacity forecast, cost trends, and policy development trends.

Key Questions this Study will Answer:
•     Where are the fastest growing countries in rooftop solar installations? What are their corresponding policies in solar or renewable energy?
•     Which countries offer holistic opportunities in terms of overall market feasibility and policies?
•     What are the overall pricing trends in the market? What are the competitive trends and associated key success factors?
•     Which are the targeted end users—residential or non-residential buildings?
•     Which connection type will remain important—off-grid or on-grid? Where are the opportunities for both connections?

Table of Contents

Key Findings

Market Scope

Definitions

Market Drivers

Market Restraints

Total Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type

Total New Elevator Installation Market—Unit Shipment and Revenue Forecast

Total New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End Users

Indonesian Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type

Indonesian New Elevator Installation Market—Unit Shipment and Revenue Forecast

Indonesia New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End User

Market Trends

Thailand Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type

Thailand New Elevator Installation Market—Unit Shipment and Revenue Forecast

Thailand New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End Users

Market Trends

Vietnam Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type

Vietnam New Elevator Installation Market—Unit Shipment and Revenue Forecast

Vietnam New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End Users

Market Trends

The Philippines Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type

The Philippines New Elevator Installation Market—Unit Shipment and Revenue Forecast

The Philippines Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End Users

Market Trends

Growth Opportunity 1—Growing Megacities

Growth Opportunity 2—Increasing Adoption of Machine- Roomless (MRL) Elevators

Growth Opportunity 3—Partnership or M&A for Market Quick Wins

Strategic Imperatives for Success and Growth

Conclusions

Legal Disclaimer

List of Figures
  • 1. Total Elevator Market: Market Scope, SE Asia, 2016
  • 2. Total Elevator Market: Key Market Drivers, SEA, 2017–2021
  • 3. Total Elevator Market: Key Market Restraints, SEA, 2017–2021
List of Charts
  • 1. Total Elevator Market: Percent Revenue Breakdown by Project Type, SEA, 2016
  • 2. Total Elevator Market: Percent Unit Shipment Breakdown by Project Type, SEA, 2016
  • 3. Total New Elevator Installation Market: Unit Shipment and Revenue Forecast, SEA, 2016–2021
  • 4. Total New Elevator Installation Market: Percent Revenue Breakdown by End User, SEA, 2016
  • 5. Total New Elevator Installation Market: Unit Shipment Breakdown by End User, SEA, 2016
  • 6. Elevator Market: Percent Revenue Breakdown by Project Type, Indonesia, 2016
  • 7. Elevator Market: Percent Unit Shipment Breakdown by Project Type, Indonesia, 2016
  • 8. New Elevator Installation Market: Unit Shipment and Revenue Forecast, Indonesia, 2016–2021
  • 9. New Elevator Installation Market: Percent Revenue Breakdown by End User, Indonesia, 2016
  • 10. New Elevator Installation Market: Unit Shipment Breakdown by End User, Indonesia, 2016
  • 11. Elevator Market: Percent Revenue Breakdown by Project Type, Thailand, 2016
  • 12. Elevator Market: Percent Unit Shipment Breakdown by Project Type, Thailand, 2016
  • 13. New Elevator Installation Market: Unit Shipment and Revenue Forecast, Thailand, 2016–2021
  • 14. New Elevator Installation Market: Percent Revenue Breakdown by End User, Thailand, 2016
  • 15. New Elevator Installation Market: Unit Shipment Breakdown by End User, Thailand, 2016
  • 16. Elevator Market: Percent Revenue Breakdown by Project Type, Vietnam, 2016
  • 17. Elevator Market: Percent Unit Shipment Breakdown by Project Type, Vietnam, 2016
  • 18. New Elevator Installation Market: Unit Shipment and Revenue Forecast, Vietnam, 2016–2021
  • 19. New Elevator Installation Market: Percent Revenue Breakdown by End Users, Vietnam, 2016
  • 20. New Elevator Installation Market: Unit Shipment Breakdown by End Users, Vietnam, 2016
  • 21. Elevator Market: Percent Revenue Breakdown by Project Type, The Philippines, 2016
  • 22. Elevator Market: Percent Unit Shipment Breakdown by Project Type, The Philippines, 2016
  • 23. New Elevator Installation Market: Unit Shipment and Revenue Forecast, The Philippines, 2016–2021
  • 24. New Elevator Installation Market: Percent Revenue Breakdown by End Users, The Philippines, 2016
  • 25. New Elevator Installation Market: Unit Shipment Breakdown by End Users, The Philippines, 2016
Related Research
The rooftop solar market in Asia-Pacific is at the growth stage, but is likely to witness changes in feed-in tariff (FiT) until 2020. Solar module prices are expected to continue to decline due to price competition led by Chinese manufacturers and the slowing down of global demand. However, prices are expected to decline at a slower pace till 2020, as the number of manufacturers approaching breakeven point is increasing. Due to the uncertain environment for large-scale solar power projects, Japan is leaning toward the residential rooftop solar power market. The rooftop solar power market in Southeast Asia is expected to gain momentum due to increasing public awareness and government support. In particular, Singapore is one of the high-growth rooftop solar power markets in Southeast Asia, with its “solar leasing” model, which provides a great platform for the private sector to participate. All in all, the FiT policy and supportive government legislation are key drivers for the rooftop solar power market in most countries in Asia-Pacific. Australia is expected to continue to hold the leading position in the region of Australia and New Zealand (ANZ), despite rapid growth in New Zealand’s rooftop solar power market. Regarding competition, mergers and acquisitions are expected to continue in the market. As the overall solar market remains optimistically buoyant, leading market participants will probably seek potential consolidation to enhance competency and future business opportunities. In Southeast Asia, the residential customer segment is the leading end user of rooftop solar PV in Malaysia, the Philippines, and Indonesia. In the Philippines and Indonesia, installations are mainly for electrification in remote areas. Off-grid solar power systems are mainly used for rural electrification. Remote places with little or no access to electricity have to rely on cost-effective off-grid renewable energy systems, which are independent from utility companies. Other regions
More Information
No Index No
Podcast No
Table of Contents | Executive Summary~ || Key Findings~ | Introduction~ || Market Scope~ || Definitions~ | Market Overview~ || Market Drivers~ || Market Restraints~ || Total Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type~ || Total New Elevator Installation Market—Unit Shipment and Revenue Forecast~ || Total New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End Users~ | Indonesia~ || Indonesian Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type~ || Indonesian New Elevator Installation Market—Unit Shipment and Revenue Forecast~ || Indonesia New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End User~ || Market Trends~ | Thailand~ || Thailand Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type~ || Thailand New Elevator Installation Market—Unit Shipment and Revenue Forecast~ || Thailand New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End Users~ || Market Trends~ | Vietnam~ || Vietnam Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type~ || Vietnam New Elevator Installation Market—Unit Shipment and Revenue Forecast~ || Vietnam New Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End Users~ || Market Trends~ | The Philippines~ || The Philippines Elevator Market—Percent Revenue and Unit Shipment Breakdown by Project Type~ || The Philippines New Elevator Installation Market—Unit Shipment and Revenue Forecast~ || The Philippines Elevator Installation Market—Percent Revenue and Unit Shipment Breakdown by End Users~ || Market Trends~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Growing Megacities~ || Growth Opportunity 2—Increasing Adoption of Machine- Roomless (MRL) Elevators~ || Growth Opportunity 3—Partnership or M&A for Market Quick Wins~ || Strategic Imperatives for Success and Growth~ | The Last Word~ || Conclusions~ || Legal Disclaimer~ | The Frost & Sullivan Story~
List of Charts and Figures 1. Total Elevator Market: Market Scope, SE Asia, 2016~ 2. Total Elevator Market: Key Market Drivers, SEA, 2017–2021~ 3. Total Elevator Market: Key Market Restraints, SEA, 2017–2021~| 1. Total Elevator Market: Percent Revenue Breakdown by Project Type, SEA, 2016~ 2. Total Elevator Market: Percent Unit Shipment Breakdown by Project Type, SEA, 2016~ 3. Total New Elevator Installation Market: Unit Shipment and Revenue Forecast, SEA, 2016–2021~ 4. Total New Elevator Installation Market: Percent Revenue Breakdown by End User, SEA, 2016~ 5. Total New Elevator Installation Market: Unit Shipment Breakdown by End User, SEA, 2016~ 6. Elevator Market: Percent Revenue Breakdown by Project Type, Indonesia, 2016~ 7. Elevator Market: Percent Unit Shipment Breakdown by Project Type, Indonesia, 2016~ 8. New Elevator Installation Market: Unit Shipment and Revenue Forecast, Indonesia, 2016–2021~ 9. New Elevator Installation Market: Percent Revenue Breakdown by End User, Indonesia, 2016~ 10. New Elevator Installation Market: Unit Shipment Breakdown by End User, Indonesia, 2016~ 11. Elevator Market: Percent Revenue Breakdown by Project Type, Thailand, 2016~ 12. Elevator Market: Percent Unit Shipment Breakdown by Project Type, Thailand, 2016~ 13. New Elevator Installation Market: Unit Shipment and Revenue Forecast, Thailand, 2016–2021~ 14. New Elevator Installation Market: Percent Revenue Breakdown by End User, Thailand, 2016~ 15. New Elevator Installation Market: Unit Shipment Breakdown by End User, Thailand, 2016~ 16. Elevator Market: Percent Revenue Breakdown by Project Type, Vietnam, 2016~ 17. Elevator Market: Percent Unit Shipment Breakdown by Project Type, Vietnam, 2016~ 18. New Elevator Installation Market: Unit Shipment and Revenue Forecast, Vietnam, 2016–2021~ 19. New Elevator Installation Market: Percent Revenue Breakdown by End Users, Vietnam, 2016~ 20. New Elevator Installation Market: Unit Shipment Breakdown by End Users, Vietnam, 2016~ 21. Elevator Market: Percent Revenue Breakdown by Project Type, The Philippines, 2016~ 22. Elevator Market: Percent Unit Shipment Breakdown by Project Type, The Philippines, 2016~ 23. New Elevator Installation Market: Unit Shipment and Revenue Forecast, The Philippines, 2016–2021~ 24. New Elevator Installation Market: Percent Revenue Breakdown by End Users, The Philippines, 2016~ 25. New Elevator Installation Market: Unit Shipment Breakdown by End Users, The Philippines, 2016~
Author Joe Yee Bay
Industries Energy
WIP Number P8F4-01-00-00-00
Keyword 1 Rooftop Solar Power in APAC
Keyword 2 Asia-Pacific Rooftop Solar Power
Keyword 3 Rooftop Solar Power Forecast
Is Prebook No
GPS Codes 9301-A4,9597,9851,9AFE-A4,9B00-A4,GETE