Smart Technology, New Business Models, and Cross-industry Digitization Revolutionize the Energy & Power Industry in Asia-Pacific
May 18, 2018 | Frost & SullivanEstimated reading time: 2 minutes
The Asia-Pacific energy and power industry is undergoing long-term changes with smart technology, new business models, and cross-industry digitization creating tremendous growth opportunities. While companies in this region continue to invest in alternative energy sources, the building energy management sector is moving from passive to active solutions.Frost & Sullivan expects renewed investments in the oil and gas sector, with advantageous opportunities available in segments such as LNG and refinery.
“Efficient data collection, data monitoring, and data analytics is becoming indispensable. Market participants that offer products with highly precise data analytics capabilities will hold a competitive advantage,” said Melvin Leong, Associate Director, Energy & Environment at Frost & Sullivan.
“By adopting customer-centric business models like X-as-a-Service, market participants will be able to improve the overall customer experience and also keep pace with the fast-growing technology trends,” he added.
ThinkstockPhotos-483808232.jpgFrost & Sullivan’s recent analysis, Asia-Pacific Energy & Environment Industry Outlook, 2018, reveals growth opportunities, regional trends, innovations, industry challenges, companies to actions, investment and capacity trends across key markets including oil and gas, power generation, grids, energy storage, distributed energy, buildings, and water.
Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan’s thought leaders.
Five regional trends dominating the Asia-Pacific market and illuminating high growth opportunities include:
- China will become a refining hub in the Asia-Pacific regarding capacity addition and plant expansion. It will also continue to lead the market for solar installations and energy storage project with new government subsidies to promote energy storage;
- Japan will invest heavily in battery storage systems in the residential sector;
- Southeast Asia’s annual solar power installations to grow by 66.7% in 2018, with Philippines, Singapore, and Malaysia being the key markets;
- Australia will complete the world’s largest battery storage unit with strong investment expected in 2018; and
- Thailand and Indonesia will be critical hotspots in 2018.
“Understanding and leveraging cloud services will soon become vital. Companies must integrate cloud services into their portfolios – either through organic or inorganic growth,” noted Leong.
Asia-Pacific Energy & Environment Outlook is part of Frost & Sullivan’s Energy & Environment Growth Partnership Service program.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies
Suggested Items
Lockheed Martin Australia, The Department Of Defence Sign Strategic Partnership Head Contract
04/26/2024 | Lockheed MartinLockheed Martin Australia signed a landmark AUD$500 million contract with the Department of Defence to build Australia’s future Joint Air Battle Management System under project - AIR6500 Phase 1 (AIR6500-1).
SMC Korea 2024 to Highlight Semiconductor Materials Trends and Innovations on Industry’s Path to $1 Trillion
04/24/2024 | SEMIWith Korea a major consumer of semiconductor materials and advanced materials a key driver of innovation on the industry’s path to $1 trillion, industry leaders and experts will gather at SMC (Strategic Materials Conference) Korea 2024 on May 29 at the Suwon Convention Center in Gyeonggi-do, South Korea to provide insights into the latest materials developments and trends. Registration is open.
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Real Time with... IPC APEX EXPO 2024: Going Vertical: SCHMID's Advanced Solutions for Printed Circuit Boards
04/24/2024 | Real Time with...IPC APEX EXPOEditor Marcy LaRont chats with Bob Ferguson, the president of SCHMID, about advanced solutions for PCBs and the equipment they are highlighting at this year's show. He delves into vertical no-touch handling systems and the prospect of achieving sub-10-micron lines. Inspired by SCHMID's technology, Bob expresses excitement about where the industry is today.
Big Win for Defense Production Act Budget Allocation in FY24 Budget
04/23/2024 | I-Connect007 Editorial TeamOne year ago, President Biden issued a determination that chips and packaging are critical for national security. Since that time, much work has been done to continue the conversation in Washington, elevating the importance of the entire chips value chain, and including printed circuit boards and substrates, without which chips cannot operate.