Asia-Pacific Power and Energy Outlook 2024

Description

Electricity Demand Growth and Decarbonization Efforts Will Drive Investment

This analysis assesses the power and energy market in Asia-Pacific. The primary focus is power generation, but grids, energy storage, hydrogen, and the role of fossils are included in the trends section.

Asia-Pacific encompasses diverse countries, from highly developed economies, such as South Korea and Japan, to under-developed ones such as Laos, Cambodia, and Myanmar. Decarbonization is the stated priority for wealthier East Asian states, although most of them will remain heavily dependent on fossil fuels for a significant portion of their electricity because their energy transition plans are not aggressive enough to change the industry dynamics. In Southeast Asia's case, power demand growth is strong, and the average age of fossil plants is below 13 years. The region's countries will need substantially larger global financial support beyond what is promised to close those plants in the next 15 years. For Australia, New Zealand, and the Pacific, renewable energy dominates investment. All three regions will invest greatly in grid infrastructure to try and improve resiliency and access to renewable energy, but this alone will not be enough.

For more detailed forecasts, including country-specific deep dives, request access to Frost & Sullivan's Power Generation Growth Generator. Our interactive data platform contains information about installed capacity, annual capacity additions, investment, and generated electricity data for more than 60 countries.

Product Code: PFFB-27

Analysis Highlights

Top Predictions for 2024
Top 5 Country Markets

Transformation in the APAC Power Industry

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the APAC Power and Energy Industry

Ecosystem

Research Scope
What Does the Power Sector Outlook Report Include?
Growth Environment
Key Market Trends
Trend 1: Ambitious Targets Lead RE Progress
Trend 2: Offshore Is the Key to Regional Wind Power Growth
Trend 3: Japan and South Korea Reengage with Nuclear Power
Trend 4: Coal Remains Strong in ASEAN
Trend 5: Growth in Sustainable Thermal Solutions
Trend 6: The Future of Gas
Trend 7: Microgrids Will Become Mainstream
Trend 8: Strong Investments in Grid Modernization
Trend 9: Smart Metering Accelerates
Trend 10: Slow Short-term Growth for Hydrogen
Trend 11: Distributed Intelligence Drives Data Center Investment
Trend 12: Storage Will Be Essential for Grid Flexibility and Renewable Integration

Growth Generator

APAC Power Industry Investment Forecast
Power Generation Capacity Forecast
Power Generation Installed Capacity and Electricity Generated
Annual Power Generation Investment by Country

Growth Generator: Power Generation Investment: Top 5 Country Markets

Australia-Power Generation Investment Forecast
Australia-Power Generation Market Analysis
Australia-Power Generation Installed Capacity and Electricity Generated
Indonesia-Power Generation Investment Forecast
Indonesia-Power Generation Market Analysis
Indonesia-Power Generation Installed Capacity & Electricity Generated
Japan-Power Generation Investment Forecast
Japan-Power Generation Market Analysis
Japan-Power Generation Installed Capacity and Electricity Generated
South Korea-Power Generation Investment Forecast
South Korea-Power Generation Market Analysis
South Korea-Power Generation Installed Capacity and Electricity Generated
Vietnam-Power Generation Investment Forecast
Vietnam-Power Generation Market Analysis
Vietnam-Power Generation Installed Capacity and Electricity Generated

Growth Opportunity Universe

Growth Opportunity 1: Digitalization Will Strengthen Power Resiliency and Reliability
Growth Opportunity 2: Rooftop Solar Deployment Accelerates
Growth Opportunity 3: Net-zero Energy Transition Commitments Drive Market Opportunities
Growth Opportunity 4: Microgrids for Peer-to-Peer Energy Trading

Key Conclusions and Future Outlook

Key Conclusions and Future Outlook
Abbreviations And Acronyms Used

Best Practices Recognition

Best Practices Recognition

Frost Radar

Frost Radar

Next Steps

Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
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