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The Asia Pacific renewable energy market is the fastest growing market and has also emerged as the largest market. The region accounts for almost 30% of the global market. Globally, almost 2455 gigawatts of renewable energy was installed in 2020.
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Within the Asia Pacific region, China and India account for the largest capacity, accounting for three-fourth of the region’s renewable energy capacity due to the high number of projects. These developing countries are investing in more geothermal energy production as it is better as well as cost affordable. Almost 80% of the wind energy potential is focussed in Asia. Japan also generates a considerable amount of renewable energy. China and India together have the largest capacity for photovoltaics (PV) technologies, which are expected to grow more in the coming years. The capacity for wind energy production is likely to grow more in the emerging Asian countries, especially in Thailand and Korea.
China is the leading country in terms of solar power generation as well as wind energy capacity. It accounts for around 696 gigawatts of renewable energy, whereas India holds nearly 118 gigawatts. China is the leading country in most of the production technologies, namely solar, wind, and hydropower. The country’s changing policies in order to reduce pollution caused by coal and other carbon emissions is aiding the rising demand for sustainable power sources in the region. China’s capacity increased by 10% in 2018. Programs like the Green Certificate Program, VAT Refund Policy, and tax discounts have helped the growth of industry in China.
India is another major country in the region where the market for renewable energy is growing due to increasing industrial tariffs and restrictions and the high number of power plants. Solar energy is the preferred technology in India due to its low system cost. Solar power grew by around 50% in 2018 as compared to the previous year. The country’s government has set targets for renewable energy, aiming to reach 175 gigawatts of sustainable power production by 2022. The industry is being supported by policies like feed-in-tariff as well as output-based incentives.
Renewable energy refers to the power obtained from renewable resources that are naturally replenished on a human scale, such as sunlight, wind, rain, tides, waves, and geothermal heat. It also provides energy in four key areas: electricity generation, air and water heating/cooling, transport, and rural (off-grid) energy services.
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Based on types, the market can be divided into:
Based on the fuel source for electricity generation, the regional market can be segmented into the following:
The EMR report also covers the regional markets like China, Japan, India, and Australia, among others.
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The Asia Pacific renewable energy market is being supported by the growing consciousness among consumers about environmental pollution and the damage caused by harmful emissions. The damage caused by oil, natural gas, and coal is leading to an increased need to shift to sustainable power sources. The increasing environmental damage is leading to more governments adopting sustainable development plans and regulations. All these factors are leading to the growth of the sustainable energy market.
In the Asia Pacific region, the demand is majorly being driven due to increased sourcing locations. The region has high growth potential, especially in India and China. The growing economies of Asian countries are also supporting the growth of the industry. The growing economies are aiding the nations to invest more in renewable resources expansion to save resources like electricity and to minimise environmental damage.
Favourable government policies in the region, especially in India and China, are major drivers for the growth of the Asia Pacific market. In China, certain policies have been introduced by the Chinese government to encourage the production and adoption of sustainable power sources. In India, the expansion of production plants from the industries, as well as increased industrial tariffs, has led to the growth of the industry in the country.
The report gives a detailed analysis of the following key players in the Asia Pacific renewable energy market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Country|
|Breakup by Type||Hydropower, Wind, Solar, Bio Energy, Solid Biofuels|
|Breakup by Country||China, Japan, India, Australia, Others|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||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, Abengoa, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Renewable Energy Market Analysis
6.1 Figure: Global Renewable Energy Historical Market (2017-2021) & Forecast (2022-2027)
6.2 Chart: Global Renewable Energy Market Breakup by Region
6.2.1 North America
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East and Africa
7 Asia Pacific Renewable Energy Market Analysis
7.1 Figure: Asia Pacific Renewable Energy Historical Market (2017-2021) & Forecast (2022-2027)
7.2 Chart: Breakup by Type
7.2.4 Bio Energy
7.2.5 Solid Biofuels
7.3 Chart: Breakup by Country
7.4 China Renewable Energy Market Analysis
7.4.1 Figure: China Renewable Energy Historical Market (2017-2021) & Forecast (2022-2027)
7.4.2 Chart: Breakup by Type
18.104.22.168 Bio Energy
22.214.171.124 Solid Biofuels
7.4.3 Chart: China Electricity Generation by Fuel Source
126.96.36.199 Natural Gas
7.5 India Renewable Energy Market Analysis
7.5.1 Figure: India Renewable Energy Historical Market (2017-2021) & Forecast (2022-2027)
7.5.2 Chart: Breakup by Type
188.8.131.52 Bio Energy
184.108.40.206 Solid Biofuels
7.5.3 Chart: India Electricity Generation by Fuel Source
220.127.116.11 Natural Gas
7.6 Japan Renewable Energy Market Analysis
7.6.1 Figure: Japan Renewable Energy Historical Market (2017-2021) & Forecast (2022-2027)
7.6.2 Chart: Breakup by Type
18.104.22.168 Bio Energy
7.6.3 Chart: Japan Electricity Generation by Fuel Source
22.214.171.124 Natural Gas
7.7 Australia Renewable Energy Market Analysis
7.7.1 Figure: Australia Renewable Energy Historical Market (2017-2021) & Forecast (2022-2027)
7.7.2 Chart: Breakup by Type
126.96.36.199 Bio Energy
7.7.3 Chart: Australia Electricity Generation by Fuel Source
188.8.131.52 Natural Gas
8 SWOT Analysis
9 Value Chain Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 Asia Pacific Renewable Energy Tariff Rates
12 EMR’s Key Indicators for Demand
13 EMR’s Key Indicators for Price
14 Competitive Landscape & Supplier Analysis
14.1 TBEA Sunoasis Co., Ltd.
14.1.1 Company Overview
14.1.2 Financial Analysis
14.2 Mahindra EPC Irrigation Limited
14.2.1 Company Overview
14.2.2 Financial Analysis
14.3 Tata Power Limited
14.3.1 Company Overview
14.3.2 Financial Analysis
14.4 Suzhou Talesun Solar Technologies CO., Ltd.
14.4.1 Company Overview
14.4.2 Financial Analysis
14.5 Windflow Technology Ltd
14.5.1 Company Overview
14.5.2 Financial Analysis
14.6 Zhejiang Chint New Energy Development Co Ltd
14.6.1 Company Overview
14.6.2 Financial Analysis
14.7.1 Company Overview
14.7.2 Financial Analysis
15 Industry Events and Developments
The Asia Pacific renewable energy market was supporting the growth of the global market for the same, which attained an installed capacity of almost 2455 gigawatts in 2020.
The major drivers of the industry, such as increased sourcing locations, growing economies of Asian countries, and favourable government policies, are expected to aid the market growth.
The key market trend guiding the growth of the market includes the growing consciousness among consumers about environmental pollution and the damage caused by harmful emissions.
The major regions in the industry are China, Japan, India, and Australia, among others.
The dominant types of renewable energy in the industry are hydropower, wind, solar, bio energy, and solid biofuels.
The major fuel sources of renewable energy in the market are natural gas, coal, and nuclear, renewables, among others.
The major players in the industry 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 Asia Pacific renewable energy market is supporting the development of the overall renewable energy market, which attained an installed capacity of almost 2455 gigawatts in 2020. The market is being driven by favourable government policies within the Asian countries. Aided by the growing eco consciousness among consumers, the market is expected to witness a further growth in the forecast period of 2022-2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the industry can be segmented into hydropower, wind, solar, bio energy, and solid biofuels. On the basis of fuel sources, the industry is divided into natural gas, coal, nuclear, renewables, and others. The major regional markets for renewable energy in the Asia Pacific are China, Japan, India, and Australia, among others. The key players in the above market include 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, Abengoa, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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