Market Size of South East Asia Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South East Asia Power Market Analysis
The South East Asia power market is expected to grow at a CAGR of over 3.0% in the forecast period of 2020-2025. Factor such as increasing demand for energy, governmental push towards the increase of renewables and reducing carbon emissions are expected to drive the market. However, a considerable investment that is required for setting up and modernizing of power generation, transmission or distribution network, and weak private sector investment are expected to impede the growth of the market.
- Renewable energy is expected to be the fastest-growing segment in the forecast period, with a large-scale increase in the solar and wind sector. Governmental push, negligible carbon emission, and the trend of reduction in the costs of generating electricity are expected to be the main drivers of the segment.
- New models of solar cells made of a thin film technology that uses thin coatings of cadmium telluride in solar cells, which has higher efficiency and lower cost, may prove to be an opportunity in the sector.
- Indonesia is the largest market in the region, owing to its large population and electricity generation capacity. An increase in the level of industrialization and rising urbanization in the country is expected to aid the growth in the market further.
