Asia-Pacific (APAC) Power and Energy Market Outlook 2023

Description

Greater Emphasis on Energy Security, Renewable Energy Adoption, and Grid Investments Drive Growth

Frost & Sullivan observed that 2022 was a mixed year for the APAC power and energy sector. While the region benefitted from ending COVID-19 restrictions and increased economic activity, Russia's invasion of Ukraine meant it faced new energy security challenges as commodity prices rose, particularly for liquified natural gas. This has increased the importance of renewable energy investment to mitigate higher energy costs while achieving decarbonization goals.

However, it has also made coal a more critical element of the region's energy mix, as utilities worry about an increased dependency on gas. Decarbonization will remain a focus for the area despite the use of coal, with carbon capture, usage, and storage (CCUS) and hydrogen likely to offer robust growth in the longer term as the region explores all options to decarbonize its energy mix. Grid investment will continue accelerating to facilitate renewables' development and improve the energy network's resiliency.

The base year for the study is 2022, with 2020-2030 as the study period and 2023-2030 as the forecast period. Frost & Sullivan included the following countries in this region: Australia, Brunei, Cambodia, Indonesia, Japan, Laos, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The research includes segmentation, including conventional and renewable power generation sources. It highlights key trends and overall impact levels that will influence the future growth of the power and energy market in the countries.

Product Code: PE44-27

Analysis Highlights

The 2022 Power and Energy Market: Forecast vs. Actual
Top Predictions for 2023

Strategic Imperatives

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

Growth Environment

Analysis Scope
Segments Included in the Study

Market Trends-2023

Market Trends
Market Trends (continued)
Trend 1: Energy Security Determines Investment Decisions and Policy Initiatives in APAC
Trend 2: RE Adoption Drives New Markets and Integrated Stacks
Trend 3: Steady Increase in Grid Investments
Trend 4: Storage Will Become Essential for Grid Flexibility and Renewable Integration
Trend 5: Pace of Digital Grid Investment Increases
Trend 6: Hydrogen Moves Forward
Trend 7: CCUS Hubs Development Gains Momentum
Trend 8: Rise of Distributed Intelligence Drives Data Center Investments
Trend 8: Rise of Distributed Intelligence Drives Data Center Investments (continued)
Trend 9: Smart Electricity Meter Growth Potential
Trend 10: Solar PV-N-type Technology Dominates Future Growth

Revenue Trends-2023

Annual Power Generation Investment Forecast
Installed Power Generation Capacity Forecast
Power Trends by Country
Power Generation Investment Outlook
Power Generation Investment Outlook (continued)

Regional Predictions-2023

Market Forecast-Australia
Market Analysis-Australia
Market Forecast-Japan
Market Analysis-Japan
Market Forecast-South Korea
Market Analysis-South Korea
Market Forecast-Vietnam
Market Analysis-Vietnam
Market Forecast-Rest of APAC*
Market Analysis-Rest of APAC

Growth Opportunity Universe

Growth Opportunity 1: Digitalization to Strengthen Power Resiliency and Reliability
Growth Opportunity 1: Digitalization to Strengthen Power Resiliency and Reliability (continued)
Growth Opportunity 2: Grid Investments Vital to Accommodate RE Sources
Growth Opportunity 2: Grid Investments Vital to Accommodate RE Sources (continued)
Growth Opportunity 3: Rooftop Solar Deployment Accelerates
Growth Opportunity 3: Rooftop Solar Deployment Accelerates (continued)

Conclusions

Conclusions and Future Outlook

Next Steps

Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
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