Asia Energy Transition Market Trends and Analysis by Sectors and Companies Driving Development

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

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

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

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 (%)

Asia Energy Transition Market Analysis by Types, 2022 (%)

Buy the Full Report for More Power Type Insights into the Asia Energy Transition Market Download A Free Report Sample

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.

Buy the Full Report for Additional Insights on the Sectors of the Asia Energy Transition Market
Download A Free Report Sample

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

Asia Energy Transition Market Analysis by Players

Buy the Full Report for More Player Insights into the Asia Energy Transition Market

Download A Free Report Sample

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.

SPIC
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

  • 1. Executive Summary
  • 2. Sector Readiness and Leaders
  • 3. Power Outlook & Generation

    • 3.1. Renewable Energy Policies & Economics
    • 3.2. Power Capacity Share Outlook
    • 3.3. Power Generation Outlook
    • 3.4. Thermal Power Decommissioning & Emissions
    • 3.5. Major players: Solar and Wind Owners, Manufacturers, and EPCs

  • 4. Electric Vehicles

    • 4.1. Passenger EV Outlook
    • 4.2. Policies

  • 5. Renewable Fuels

    • 5.1. Renewable Fuels
    • 5.2. Renewable Refineries
    • 5.3. Polices and Players

  • 6. CCS/CCU

    • 6.1. CCS/CCU Projects

  • 7. Hydrogen

    • 7.1. National Hydrogen Strategies
    • 7.2. Regional Policy
    • 7.3. Upcoming projects
    • 7.4. Capacity scenarios
    • 7.5. End-use sectors

Table

Table 1: Sector Grid and Leaders 4

Table 2: Policies and Strategies 6

Table 3: Power Policies, Incentives and Targets 7

Table 4: Solar Power Capacity EPCs and Manufacturer Leaders 12

Table 5: Wind Power Capacity EPCs and Manufacturer Leaders 12

Table 6: Regional policy on electric vehicles 14

Table 7: Progress in transport electrification in Asia 16

Table 8: Regional Policies on Renewable Fuels 19-20

Table 9: Largest Renewable Refineries 22

Table 10: IEA opportunity factors for CCUS in Asian emerging economies 25

Table 11: Largest Upcoming CCUS 28

Table 12: Regional Policies on Hydrogen 30-31

Table 13: Funding and Financial Support 34

Table 14: Largest upcoming hydrogen plants in Europe 32

Table 15: Asian companies highlighting hydrogen 35

Figures

Figure 1: European LCOE 6

Figure 2: Cumulative Renewable Capacity by Country 8

Figure 3: Power Capacity Share, 2020 – 2035, % 9

Figure 4: Power Generation Share, 2020-2035 10

Figure 5: Decommissioning and Upcoming Thermal Capacity 11

Figure 6: Asia’s Emissions from Thermal Power 11

Figure 7: Solar Power Capacity 12

Figure 8: Wind Power Capacity 12

Figure 9: EV adoption in selected Asian Countries, % 15

Figure 10: Light Vehicle Outlook Sales 17

Figure 11: Top 10 Electric Vehicles Producers in Asia, 2023 17

Figure 12: Asian Renewable Fuels Capacity 21

Figure 13: Asian Countries Leading Renewable Fuels 21

Figure 14: Asia CCUS Capacity, 2020 – 2030 26

Figure 15: CCUS Projects by Development Stage 26

Figure 16: Asian Countries Leading CCUS Capacity by 2030 (mtpa) 27

Figure 17: Leading Industries Adopting CCUS by 2030 27

Figure 18: Asian and Global Low-Carbon Hydrogen Capacity by Development Stage 33

Figure 19: Asia low carbon hydrogen scenarios, 2020 – 2030 33

Figure 20: Companies with Most Mentions of Hydrogen in Filings in Asia 2020 – 2023 35

Frequently asked questions

Asia Energy Transition Market Trends and Analysis by Sectors and Companies Driving Development thematic reports
Currency USD
$2,500

Can be used by individual purchaser only

$7,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Asia Energy Transition Market Trends and Analysis by Sectors and Companies Driving Development was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Asia Energy Transition Market Trends and Analysis by Sectors and Companies Driving Development in real time.

  • Access a live Asia Energy Transition Market Trends and Analysis by Sectors and Companies Driving Development dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.