Asia Energy Transition Market Analysis by Sectors (Power, Electrical Vehicles, Renewable Fuels, Hydrogen and CCS/CCU) and Trends
Asian countries are making significant efforts to transition from non-renewable to renewable sources. They have formulated policies and incentives which will enable them to become leaders in the main energy transition sectors. Although they are moving quickly in developing renewable energy, further policies and actions need to be implemented to increase its competitiveness across the other four sectors. Energy supply is also the main sector responsible for CO2 emissions in the region.
The Asian power market is dominated by coal-fired power plants, although certain countries such as Singapore heavily rely on gas to cover their energy demand. Nevertheless, the regional outlook for increasing renewable capacity by 2035 looks positive.
Asia Energy Transition Market Segmentation by Power Types
The key power types in the Asia energy transition market are coal, oil, gas, nuclear, hydro, wind, solar, geothermal, and biopower. Asia’s power market is dominated by coal-fired power plants. Solar technology will see the greatest development by 2035. The hydro-power generation capacity is expected to experience a marginal decline by 2035, while nuclear-power will remain constant. Meanwhile, fossil fuels will continue to decline in terms of their contribution to the power mix.
Asia Energy Transition Market Analysis by Power Types
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Asia Energy Transition Market Segmentation by Sectors
The key sectors in the Asia energy transition market are renewable energy, electric vehicles, renewable fuel, CCS/CCU, and hydrogen.
Electric Vehicles: China’s EV credit system was created in place of the national subsidies. This system ensures that of all the vehicles sold by manufacturers each year, a certain percentage are battery powered. Moreover, Japan has recently agreed to provide a budget for subsidies for e-mobility. Most of the funds will be used to purchase premium vehicles and charging infrastructure.
Renewable Fuels: Numerous oil and gas companies have started developing renewable refineries to produce multiple renewable fuels to decarbonize their business and stop relying on fossil fuels. Other companies have looked to repurpose their refineries to produce or co-produce advanced biofuels in a move to transition their business into future fuels.
CCS/CCU: CCUS has been identified as an important tool in the coming decades for Asia to decarbonize and continue its energy transition journey. For Asia to gain rapid momentum on CCS/CCU projects, the region needs to consolidate policies. The lack of clear and solid regulatory policies and framework makes it challenging for investors to assess the risk levels of prospective projects. Potential engagement with regulatory bodies and governmental bodies may be a strategic way for investors to proceed on CCS projects.
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Asia Energy Transition Market – Competitive Landscape
Some of the leading players in the Asia energy transition market are Adani Group, Ministry of New and Renewable Energy India, China Energy Engineering Group Co Ltd, Greenko Mauritius Ltd, China Huaneng Group Co Ltd, State Power Investment Corp Ltd, China Three Gorges Corp, Siemens AG, Power Construction Corporation of China, and Vestas Wind Systems AS.
Asia Energy Transition Market Report Overview
| Key Power Types | Coal, Oil, Gas, Nuclear, Hydro, Wind, Solar, Geothermal, and Biopower |
| Key Power Sectors | Renewable Energy, Electric Vehicles, Renewable Fuels, CCS/CCU, and Hydrogen |
| Leading Players | Adani Group, Ministry of New and Renewable Energy India, China Energy Engineering Group Co Ltd, Greenko Mauritius Ltd, China Huaneng Group Co Ltd, State Power Investment Corp Ltd, China Three Gorges Corp, Siemens AG, Power Construction Corporation of China, and Vestas Wind Systems AS |
Scope
This report provides:
- Regional Energy Transition in Asia
- Policies supporting the energy transition
- Power renewable capacity and generation by 2035 and thermal decommissioning capacity
- Electric vehicles market and growth
- Renewable refineries and key countries in Asia
- CCS capacity and main CCS developments
- Main hydrogen developments and hydrogen capacity in Asia
Reasons to Buy
- Identify the last trends, policies, and leaders in energy transition technologies
- Develop market insight of current, in-development, and announced capacity and latest trends of each of the sectors
- Understand the potential market growth and policy support for renewable power, hydrogen, renewable refineries, CCS, and EVs.
- Facilitate the understanding of where the market is growing as it is positioned as one of the main topics of the international agenda.
Key Players
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
Energy supply is the main sector responsible for CO2 emissions in Asia.
The key power types in the Asia energy transition market are coal, oil, gas, nuclear, hydro, wind, solar, geothermal, and biopower.
The key sectors in the Asia energy transition market are renewable energy, electric vehicles, renewable fuels, CCS/CCU, and hydrogen.
Some of the leading players in the Asia energy transition market are Adani Group, Ministry of New and Renewable Energy India, China Energy Engineering Group Co Ltd, Greenko Mauritius Ltd, China Huaneng Group Co Ltd, State Power Investment Corp Ltd, China Three Gorges Corp, Siemens AG, Power Construction Corporation of China, and Vestas Wind Systems AS.
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