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Disruptive Global Pandemic Calls for Business Innovations in the Asia-Pacific Energy and Environment Industry, 2020
Digitalization Led New Industry Landscape to Present Critical Business Opportunities
02-Sep-2020
Asia Pacific
Market Outlook
PAE6-01-00-00-00
EG02101-AP-MO_24688
Coronavirus 2019 (COVID-19) has brought in new opportunities and business ideas in the midst of economic disruption. The entire value chain in energy and environment industries is affected and it is almost certain that most industry players will register a decline in growth rates in 2020. However, some immediate and mid- to long-term opportunities are present, and it is imperative that companies take ownership to thread through such trying times with the available opportunities. The need for various innovative and redefined digital platforms and new business models will be more important in the next 1 to 2 years.
Immediate impacts to the energy and environment industries are:
• Overall sluggish growth in 2020
• Local suppliers to benefit due to travel lockdowns
• Post-pandemic to call for safety measures in buildings
• Waste management will prevail due to rising clinical waste and disposal of wearables (face mask, etc.)
• Utilities will continue to be innovative in improving resource supply (electricity and water) in supporting activities that will lead to an economic rebound
Some of the growth opportunities present in the energy and environment industries are IR 4.0 in Oil & Gas, whereby enormous value can be unlocked through the integration of digital technologies such as 3D printing, 3D printing, artificial intelligence (AI), drones, digital twins, and predictive analytics across the value chain. Another growth opportunity is in wind power generation, where there will be positive outlook in wind power generation as many countries move towards offshore wind farms; this market will be led by Taiwan and China. In the microgrid segment, behind-the-meter application will come into sharp focus in the ASEAN region in 2020. Innovative business models for this segment will help power rural areas in the region. Co-working space and flexible workspace will bring mid- to long-term business opportunities. Heightened hygiene and security practices will force operational innovation and technology adoption in this segment; Asia-Pacific is the fastest growing region in flexible workspace management. In conclusion, most growth opportunities will bring renewed focus on technologies that promote efficiency and operational cost reduction. With growing need for digitalization and increasing prominence of operational efficiency, technology OEMs have to explore new business offerings and/or expand their roles across the industry value chain in order to stay competitive and relevant to their customers. Reprioritization of business strategies is inevitable for all industry participants, and companies will focus on industry improvements or advancements with digitization and other immediate quick-wins.
Author: Melvin Leong
Impact of COVID-19 on Energy and Environment Industries
Impact of COVID-19 on Energy and Environment Industries (continued)
Impact of COVID-19 on Energy and Environment Industries (continued)
Impact of COVID-19 on Energy and Environment Industries (continued)
Top 23 Predictions for 2020
Top 23 Predictions for 2020 (continued)
Research Scope and Market Segmentation
Impact of COVID-19 on the Overall O&G Industry in APAC
Trend 1—Oil Price Likely to Stabilize After Witnessing Historic Lows
Trend 2—Drilling Activities to Decelerate Due to Depressed Demand for Oil Products
Trend 3—Construction of New Gas Pipelines is Likely to be Delayed
Trend 4—LNG Demand to Fall in 2020
Trend 5—Oil Storage Capacities Soon to Run Out Amidst Supply Glut
Trend 6—Downstream Sector to Witness an Early Rebound
Key Takeaways for the O&G Industry
Impact of COVID-19 on the Overall Energy Industry in APAC
Trend 1—Local Suppliers to Benefit Due to Travel Restrictions
Trend 2—Utilities to Accelerate with Advanced Digital Solutions
Trend 3—Brownfield Opportunities to be More Promising than New Projects
Trend 4—Investments in Coal Power Plants in Asia Likely to Remain Soft
Trend 5—Asia’s Growth in Solar Power to Hit a Speed Bump in 2020
Trend 6—Renewed Focus to Drive Positive Outlook in Offshore Wind Power Generation
Trend 7—Grid Equipment Replacement to Offer Short-Term Opportunities
Key Takeaways for the Energy Industry
Impact of COVID-19 on the Overall Buildings Industry in APAC
Trend 1—Building Construction and Building Automation to Charter Different Paths Post COVID-19
Trend 2—Building Technologies to Aid Post-Pandemic Recovery
Trend 3—FM Growth in 2020 Likely to Decline, Full Rebound Expected in 2022
Trend 4—Cost and Safety Concerns Lead to Curated FM Strategies
Key Takeaways for the Buildings Industry
Impact of COVID-19 on the Overall Sustainability Industry in APAC
Trend 1—Uninterrupted Water Supply to Become a Priority
Trend 1—Uninterrupted Water Supply to Become a Priority (continued)
Trend 2—Smart NRW Management to Support Efficiency in Supply and Cost
Trend 3—Post-Pandemic Situation to Call For New World Order in Sanitation and Waste Management
Trend 3—Post-Pandemic Situation to Call For New World Order in Sanitation and Waste Management (continued)
Key Takeaways for the Sustainability Industry
Impact of COVID-19 on Climate Change
Trend 1—Green Bonds to Witness More Investments
Trend 2—Sustainability Reporting a Must to Stay Competitive Globally
Trend 3—Emissions Trading Schemes (ETS) and Carbon Taxes Gaining Popularity
Key Takeaways for Climate Change
Growth Opportunity 1—IR 4.0 in Oil & Gas
Growth Opportunity 2—Wind Power Generation
Growth Opportunity 3—Solar Power Generation
Growth Opportunity 4—Coal Investment
Growth Opportunity 5—Transmission and Distribution
Growth Opportunity 6—Behind-the-Meter
Growth Opportunity 7—Co-working Space and Flexible Workspace
Growth Opportunity 8—Crowd Analytics
Growth Opportunity 9—BIM and Smart FM
Growth Opportunity 10—Virtual BAS
Growth Opportunity 11—Smart Waste Management
Strategic Imperatives for Success and Growth
Strategic Imperatives for Success and Growth (continued)
Key Conclusions
Legal Disclaimer
Learn More—Next Steps
Additional Sources of Information on Outlooks and Energy and Environment Industries
List of Exhibits
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
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