Asia Energy Transition Market Trends and Analysis by Sectors and Companies Driving Development
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Asia Energy Transition Market Report Overview
Asian countries have started pushing for policies and incentives that allow 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 Asia Energy Transition market research report provides analysis and trends on Asia’s energy transition from non-renewable to renewable sources.
Key Power Types | · Coal
· Oil · Gas · Nuclear · Hydro · Wind · Solar PV · Others |
Key Sectors | · Electric Vehicles
· Renewable Fuel · CCS/CCU · Hydrogen |
Key Players | · SPIC
· Adani · China Huaneng · BYD · Toyota · Tesla Motors |
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Asia Energy Transition Market Segmentation by Types
The key power types in the Asian energy transition market are coal, oil, gas, nuclear, hydro, and wind, among others. 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. However, over the forecast period, Asia is planning to increase its renewable capacity. In this regard, solar PV has the largest share of any technology within the power capacity market up to 2035, followed by wind power.
The bulk of the generation of wind power will be provided by onshore wind farms.
Asia Energy Transition Market Analysis by Types, 2022 (%)
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Asia Energy Transition Market Segmentation by Sectors
The key sectors in the Asian energy transition market are electric vehicles, renewable fuel, CCS/CCU, and hydrogen.
Electric Vehicles: In a few Asian countries such as Singapore, Japan, and Vietnam, favourable government policies and activities are boosting the market growth for electric buses. Pollutants, such as carbon and nitrogen dioxide, contributing to the worsening air quality in Malaysia also drive the demand for electric buses. The growing environmental concerns in densely populated cities such as Hanoi, Vietnam is another major motivation to switch to EVs.
Renewable Fuels: Numerous oil and gas companies have started developing renewable refineries to produce multiple renewable fuels. This will decarbonize their business and stop their reliance on fossil fuels. Other companies have looked to repurpose their refineries to produce or co-produce advanced renewable fuels in a move to transition their business into future fuels.
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Asia Energy Transition Market – Competitive Landscape
A few of the major players in the Asia energy transition market are SPIC, Adani, China Huaneng, BYD, Toyota, and Tesla Motors, among others.
Asia Energy Transition Market Analysis by Players
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Segments Covered in the Report
Asia Energy Transition Market Power Types Outlook (2020-2035)
- Coal
- Oil
- Gas
- Nuclear
- Hydro
- Wind
- Solar PV
- Solar Thermal
- Geothermal
- Biopower
Asia Energy Transition Market Sectors Outlook (2020-2035)
- Electric Vehicles
- Renewable Fuels
- CCS/ CCU
- Hydrogen
Scope
The report provides:
- Regional Energy Transition in Asia
- Policies supporting energy transition
- Power renewable capacity and generation by 2035 and thermal decommissioning capacity
- Electric vehicles market and growth
- Renewable refineries in the EU
- CCS capacity and main industries adopting CCS
- Main hydrogen developments and hydrogen capacity in Europe
Key Highlights
The Asian power market is dominated by coal-fired power plants, which currently make up 40% of the power mix, although certain countries, such as Singapore, heavily rely on gas to cover their energy demand. In both cases, the regional outlook for increasing renewable capacity by 2035 seems positive, with an expectation of almost 60% of renewables in the mix, with solar and wind the leading renewable technologies.
Even with the efforts to increase the share of renewables, in order to cover the increasing energy demand, there is still substantial upcoming capacity from thermal power plants through to the middle of this decade. As consequence, this will create an increase of almost 100 MTCO2 in emissions from thermal power.
Reasons to Buy
- Identify the latest 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.
Adani
China Huaneng
BYD
Toyota
Tesla
Neste
Beijing Haixin Energy Technology Co Ltd
Petermina
Santos
CNOOC
Petronas
Fortescue Future Industries
NTPC
BJCE
Table of Contents
Table
Figures
Frequently asked questions
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Which is the leading power type in the Asia energy transition market?
Coal was the leading power type in the Asia energy transition market in 2022.
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Which renewable energy is expected to become the dominant source of power for generation in Asia?
In terms of renewables, solar PV will become the dominant source of power for generation by 2035.
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What are the key sectors in the Asian energy transition market?
The key sectors in the Asian energy transition market are electric vehicles, renewable fuels, CCS/CCU, and hydrogen.
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Who are the key players operating in the Asian energy transition market?
A few of the major players in the Asia energy transition market are SPIC, Adani, China Huaneng, BYD, Toyota, and Tesla Motors, among others.
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