As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The Asia Pacific renewable energy market, which is one of the fastest-growing renewable energy markets, is being driven by the favourable regulations and incentives within the region. The average contribution by the Asia Pacific region to the global renewable energy between 2016 and 2018 was more than 25%. Within the region, China is the leading nation in terms of technologies for hydropower, wind, and solar energy. The majority of the installed capacity for renewable energy, which is almost 75% of the capacity, is in India and China. Japan is also an important region with high potential for sourcing of resources and has good renewable installed capacity. The Asia Pacific region is a rich source for hydropower. Offshore and solar energy resources are being exploited, and there has been a significant growth in the demand for both these energies.
China has been planning to shift from coal and other carbon-emitting sources to electricity generation from multiple alternative sources like natural gas, nuclear, and other renewable sources. China is among the most important regions in the global market as it plays a significant role in deciding the trends of the global industry. The country could also start a clean energy transition in the coming years. China is also one of the leading countries in terms of electric vehicles, contributing about 40% in the global investments.
In November 2019, Vestas (OTCMKTS: VWDRY), an important key player in the renewable energy market, signed a contract with a New Zealand based company called Mercury. The contract will help in expanding Mercury’s Turitea Wind Farm exponentially, making it the first and the largest wind park in the country. Such developments and contracts undertaken by the major players in the industry are expected to influence the market positively.
Market Analysis by Type and Country:
Key Findings of the Report:
Key Offerings of the Report:
The major key players in the Asia Pacific renewable energy market are TBEA Sunoasis Co., Ltd., Mahindra EPC Irrigation Limited, Tata Power Limited, Suzhou Talesun Solar Technologies CO., Ltd., Windflow Technology Ltd, Zhejiang Chint New Energy Development Co Ltd, and Abengoa, among others The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.