Market Research Report
Asia Power Q4 2019
|Published by||Fitch Solutions, Inc.||Product code||349644|
|Published||Content info||38 Pages
Delivery time: 1-2 business days
|Asia Power Q4 2019|
|Published: October 8, 2019||Content info: 38 Pages||
Asia will remain the fastest expanding regional power market in the world by far over the coming decade, aided by continued robust growth in China and India, as well as rapid growth from relatively low bases across Southeast and South Asian markets. We forecast nearly 4,800TWh of net power generation growth over the coming decade, of which the non-hydro renewables sector will make up the biggest share with its net 1,440TWh.
This strong renewables outlook can be attributed to China and India looking to the sector to drive power generation mix diversification efforts, however we do stress that existing thermal generation will continue to dominate the overall power mix, with coal in particular making up 50% of total generation by 2028, compared to non-hydro renewables' equivalent 14.5% share.