Asia-Pacific Power and Energy Outlook 2024: Offshore Is the Key to Regional Wind Power Growth, Coal Remains Strong in ASEAN, Strong Investments in Grid Modernization
Dublin, June 26, 2024 (GLOBE NEWSWIRE) -- The "Asia-Pacific Power and Energy Outlook 2024" report has been added to ResearchAndMarkets.com's offering.
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.
Growth Opportunity Universe
Digitalization Will Strengthen Power Resiliency and Reliability
Rooftop Solar Deployment Accelerates
Net-zero Energy Transition Commitments Drive Market Opportunities
Microgrids for Peer-to-Peer Energy Trading
Key Market Trends
Ambitious Targets Lead RE Progress
Offshore Is the Key to Regional Wind Power Growth
Japan and South Korea Reengage with Nuclear Power
Coal Remains Strong in ASEAN
Growth in Sustainable Thermal Solutions
The Future of Gas
Microgrids Will Become Mainstream
Strong Investments in Grid Modernization
Smart Metering Accelerates
Slow Short-term Growth for Hydrogen
Distributed Intelligence Drives Data Center Investment
Storage Will Be Essential for Grid Flexibility and Renewable Integration
Key Topics Covered:
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
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 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
Key Conclusions and Future Outlook
Key Conclusions and Future Outlook
Abbreviations And Acronyms Used
Best Practices Recognition
For more information about this report visit https://www.researchandmarkets.com/r/go8db2
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