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Asia Pacific Renewable Energy Market: By Type: Hydropower, Wind, Solar, Bio Energy, Solid Biofuels; By Country: China, Japan, India, Australia, Others; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Value Chain Analysis; Porter’s Five Forces Analysis; Asia Pacific Renewable Energy Tariff Rates; EMR’s Key Indicators for Demand; EMR’s Key Indicators for Price; Competitive Landscape & Supplier Analysis

Asia Pacific Renewable Energy Market Key Insights:

 

  • Types: Hydropower, Wind, Solar, Bio Energy, and Solid Biofuels
  • Market Analysis and Outlook 2020-2025
  • SWOT Analysis
  • Market Performance
  • Breakup by Region
  • Demand Indicators
  • Competitive Landscape
  • Value Chain Analysis
  • Mergers and Acquisitions

 

Market Outlook

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 2019. The installations are expected to increase at a CAGR of 7.6% between 2020 and 2025. By 2025, nearly 3812 gigawatts are projected to be installed globally.

Asia Pacific Renewable Energy Market Report and Forecast 2020-2025

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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.

Properties and Applications

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.

Based on types, the market can be divided into:

  • Hydropower
  • Wind
  • Solar
  • Bio Energy
  • Solid Biofuels

Based on the fuel source for electricity generation, the regional market can be segmented into the following:

  • Natural Gas
  • Coal
  • Nuclear
  • Renewables
  • Others

The EMR report also covers the regional markets like China, Japan, India, and Australia, among others.

Market Analysis

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.

Competitive Landscape

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:

  • 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

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.

1    Preface
    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
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    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 (2015-2019) & Forecast (2020-2025)
    6.2    Chart: Global Renewable Energy Market Breakup by Region
        6.2.1    North America
        6.2.2    Europe
        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 (2015-2019) & Forecast (2020-2025)
    7.2    Chart: Breakup by Type
        7.2.1    Hydropower
        7.2.2    Wind
        7.2.3    Solar
        7.2.4    Bio Energy
        7.2.5    Solid Biofuels 
    7.3    Chart: Breakup by Country
        7.3.1    China
        7.3.2    Japan
        7.3.3    India
        7.3.4    Australia
        7.3.5    Others
    7.4    China Renewable Energy Market Analysis
        7.4.1    Figure: China Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
        7.4.2    Chart: Breakup by Type
            7.4.2.1    Hydropower
            7.4.2.2    Wind
            7.4.2.3    Solar
            7.4.2.4    Bio Energy
            7.4.2.5    Solid Biofuels
        7.4.3    Chart: China Electricity Generation by Fuel Source
            7.4.3.1    Natural Gas
            7.4.3.2    Coal
            7.4.3.3    Nuclear
            7.4.3.4    Renewables
            7.4.3.5    Others
    7.5    India Renewable Energy Market Analysis
        7.5.1    Figure: India Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
        7.5.2    Chart: Breakup by Type
            7.5.2.1    Hydropower
            7.5.2.2    Wind
            7.5.2.3    Solar
            7.5.2.4    Bio Energy
            7.5.2.5    Solid Biofuels 
        7.5.3    Chart: India Electricity Generation by Fuel Source
            7.5.3.1    Natural Gas
            7.5.3.2    Coal
            7.5.3.3    Nuclear
            7.5.3.4    Renewables
            7.5.3.5    Others
    7.6    Japan Renewable Energy Market Analysis
        7.6.1    Figure: Japan Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
        7.6.2    Chart: Breakup by Type
            7.6.2.1    Hydropower
            7.6.2.2    Wind
            7.6.2.3    Solar
            7.6.2.4    Bio Energy
            7.6.2.5    Others
        7.6.3    Chart: Japan Electricity Generation by Fuel Source
            7.6.3.1    Natural Gas
            7.6.3.2    Coal
            7.6.3.3    Nuclear
            7.6.3.4    Renewables
            7.6.3.5    Others
    7.7    Australia Renewable Energy Market Analysis
        7.7.1    Figure: Australia Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
        7.7.2    Chart: Breakup by Type
            7.7.2.1    Hydropower
            7.7.2.2    Wind
            7.7.2.3    Solar
            7.7.2.4    Bio Energy
            7.7.2.5    Others
        7.7.3    Chart: Australia Electricity Generation by Fuel Source
            7.7.3.1    Natural Gas
            7.7.3.2    Coal
            7.7.3.3    Nuclear
            7.7.3.4    Renewables
            7.7.3.5    Others
8    SWOT Analysis
    8.1    Overview
    8.2    Strengths
    8.3    Weaknesses
    8.4    Opportunities
    8.5    Threats
9    Value Chain Analysis
10    Porter’s Five Forces Analysis

    10.1    Overview
    10.2    Buyer’s Power
    10.3    Supplier’s Power
    10.4    New Entrants
    10.5    Degree of Rivalry
    10.6    Substitutes
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    Abengoa
        14.7.1    Company Overview
        14.7.2    Financial Analysis
    14.8    Others
15    Events and Developments

The Asia Pacific renewable energy market has significantly contributed to the growth of the global market. The global renewable energy installation stood at 2455 gigawatts in 2019. The installations are expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 7.6%. The installations are projected to reach nearly 3812 gigawatts by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the Asia Pacific renewable energy market can be segmented into hydropower, wind, solar, bio energy, and solid biofuels. On the basis of fuel source for electricity generation, the industry can be divided into natural gas, coal, nuclear, and renewables, among others. The major regional markets in the industry are China, Japan, India, and Australia, among others, with India and China accounting for nearly 75% of the region’s capacity. The key players in the above industry 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, and Abengoa, among others.

The major drivers of the industry such as rising disposable incomes, growing consciousness among consumers about environmental pollution, increased sourcing locations, and favourable government policies are driving the growth of the market globally. 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 industry insights that are accurate, actionable, and help them remain ahead of their competition.

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the Asia Pacific renewable energy market performed in the previous years (2015-2019)?
  • What is the forecast assessment of the industry for 2020-2025?
  • What are the major industry drivers and constraints?
  • What are the major price and demand indicators of the Asia Pacific renewable energy market?
  • Who are the key players in the industry in the Asia Pacific?
  • What is the degree of competition in the Asia Pacific renewable energy market?

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