Asia-Pacific Power Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026

The Asia-Pacific Power Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Asia-Pacific power market is expected to grow at a CAGR of over 3.5% in the forecast period of 2020-2025. 

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Top Leading Companies of Asia-Pacific Power Market are Power Construction Corporation of China Ltd, National Thermal Power Corporation Limited, Tokyo Electric Power Company Holdings, State Grid Corporation of China, Korea Electric Power Corporation, China Huaneng Group Co., Ltd., China Huadian Corporation Ltd., Tata Power Company Ltd, Kansai Electric Power Co., Inc., Chubu Electric Power Co., Inc. and others.

Key Market Trends

Thermal Power to Dominate the Market

- Thermal power is generated from the heat created by the burning of fossil fuel and is converted into electrical energy. Large scale use of fossil fuel exists in the Asia-Pacific region, as electricity produced from fossil fuels is usually cheaper than other sources such as solar or wind energy.
- In early 2020, Mitsubishi Hitachi Power Systems is leading work on the construction of a three-unit combined cycle gas turbine (CCGT) power plant in Japan. The three new units are expected to begin operations in 2023, with a total output capacity of 1,950 MW. Natural gas provides for a cleaner alternative, and thermal plants operating using natural gas are expected to increase in the forecast period.
- As of early 2020, coal still remains the most used fuel for energy production in the region's thermal power plants. Developing nations like India and China consume more than 50% of the primary energy from coal. However, natural gas and renewables in the region have also seen aggressive growth, which may alter the scenario to a certain extent in the forecast period.
- In 2019, the Vindhyachal Thermal Power Station in the Singrauli district of Madhya Pradesh, with an installed capacity of 4,760MW, is the biggest thermal power plant in India. It uses coal as the primary fuel and is owned and operated by the government-owned National Thermal Power Corporation Limited.

Regional Outlook of Asia-Pacific Power Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Asia-Pacific Power Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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