Key View:
Asia will maintain its position as the largest and fastest growing regional power market in the world over the coming
decade, overtaking the rest of the world combined by 2024. We forecast total power capacity in Asia to grow rapidly to reach 4.9TW
by 2029, driven largely by China and India which makes up 83% of this expansion combined. Non-hydro renewables will be the
fastest-expanding technology in Asia, and we anticipate substantial investment into smart grids and energy storage development,
due to the need to better manage integration of intermittent wind and solar power.
Table of Contents
- Key View
- Industry Risk/Reward Index
- Asia Power RRI: Slight Improvements Further Strengthen Regional Outperformance
- Regional Overview
- Asia Regional Overview: Smart Energy Management To Boost Renewables Growth And Efficiency
- Industry Trend Analysis
- Chinese Power Consumption Forecast Remains In Place Despite Coronavirus Downside Risks
- Japan Solar Growth To Slow Amid Auctions Underperformance
- Coal To Remain Key In Vietnam Power Expansion Despite Increasing Environmental Pressures
- Power Glossary
- Power Methodology
