asia-pacific energy and environment industry outlook, 2019
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Asia-Pacific Energy and Environment Industry
Outlook, 2019
PA69-14
April 2019
Global Energy & Environment Research Team at Frost & Sullivan
Digitalization Set to Shake Up the Energy and Building Segments
as Key Participants Strive to Stay Competitive
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13 PA69-14
Energy Market Forecast Frost & Sullivan projects a X% increment in upstream capital expenditure (CAPEX) in 2019, with some
concerns with regard to supply shock, due to years of curtailed investment in finding new oil reserves.
Exploration and Production (E&P) CAPEX, Global, 2009–2020
E&P Expenditure
Brent Crude Oil Price
Bre
nt
Cru
de O
il P
ric
e (
$/b
bl)
E&
P E
xp
en
dit
ure
($ B
illi
on
)
Year
Note: All figures are rounded. The base year is 2018. Source: Frost & Sullivan Pre
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14 PA69-14
Energy Market Forecast (continued) Key solar markets will be India and Australia; SEA is expected to be the hotspot for AMI meters.
2018
2019
An
nu
al
Ins
tall
ed
Ca
pa
cit
y (
GW
)
ANZ
India
South Korea
Southeast Asia
Japan
Nu
mb
er
of
Mete
rs
Note: All figures are rounded. The base year is 2018. Source: Frost & Sullivan
Solar Power Market: Annual Installed Capacity,
APAC, 2018 and 2019
Residential AMI Meter Market: Unit Shipment
Forecast, APAC (Except China) and ANZ,
2018–2020
Year Pre
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16 PA69-14
China Revenue
$XB
China Growth Rate
X%
APAC
(Revenue and Growth
Rate)
$X B
X%
ASEAN-6
(Revenue and Growth
Rate)
$X B X%
China and India
(Revenue and Growth Rate)
Buildings Market Forecasts LED adoption in public street lighting will be the key focus; India and China will be the fastest-growing AC
markets in 2019.
$X B
X%
$X B
X%
ASEAN-6 Revenue
$X B
ASEAN-6 Growth Rate
X%
India Revenue
$X B
India Growth Rate
X%
APAC
(Revenue and Growth
Rate)
$X B
X%
ASEAN-6
(Revenue and Growth
Rate)
$X B
X%
China and India
(Revenue and Growth
Rate)
LED Market, 2019
$X B
X%
$XB
X%
2019 Total Air Conditioning Market Digital Elevator
Maintenance Market, 2019
Note: All figures are rounded. The base year is 2018. Source: Frost & Sullivan Image Source: Flaticon.com Pre
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18 PA69-14
Water Market Forecasts CAPEX of APAC water utility will expand by X% in 2019; key focus areas will be urban water management
that adapts to extreme weathers.
Vietnam
Thailand
Singapore
The Philippines
Malaysia
Indonesia
2018 Key: 2019
SouthKorea
Japan
East Asia ANZ SEA China and India
New Zealand
Australia
India
China
Key Focus Areas,
2019
• Distribution pipe
• Drainage system
• Reservoirs
• Plant expansion
2019 at a Glance
$X B in CAPEX
X% Growth
Key Focus Countries, 2019
China
India
Australia
Indonesia
The Philippines
All figures in $B
Image Source: Flaticon.com Note: All figures are rounded. The base year is 2018. Source: Frost & Sullivan
Water Utility Market: CAPEX, APAC, 2018 and 2019
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20 PA69-14
Research Scope and Market Segmentation
Energy and Environment Industry:
Segments, APAC, 2018
2019 (forecast beyond 2019
provided for select markets)
Forecast
Period
2018–2019 Study
Period
2018 Base Year
APAC: Australia, China, India,
Indonesia, Japan, South Korea,
Malaysia, the Philippines,
Singapore, Thailand, Vietnam, and
New Zealand
Geographic
Scope
US Dollar ($) unless otherwise
indicated
Monetary
Unit
Oil and
Gas (O&G)
Power
Generation
Grids Distributed
Energy
Energy
Storage
Buildings
and Water
Image Source: Flaticon
Source: Frost & Sullivan Pre
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Climate Change and Sustainability Small businesses and innovative and disruptive technologies are driving the sustainability market.
East Asia ANZ SEA China and India
• Japan Climate Initiative (JCI), in late 2018, involved more than 300 Japanese companies, local governments, research institutions, and non-governmental organizations (NGOs). The main goal was to accelerate the shift toward decarbonized and climate-
resilient societies.
• Japan needs an estimated
$X billion to just protect its infrastructure from rising sea levels.
• South Korea’s Emission Trading System (ETS) is expected to integrate well with COP24 discussions, enabling it to use international market mechanisms to
partially fulfill its Intended Nationally Determined Contributions (INDCs).
• Australia’s participation in the Coal conference organized by the United States at COP24 did not go unnoticed. This implies that Australia is still looking to develop its coal resources.
• The industrial side is looking to invest more in climate change mitigation and adaptation. The Investor Group on Climate Change (IGCC) represents investors worth approximately $X trillion in Australia and New Zealand, with some focus on low-carbon financing and climate change adaptation. Climate change start-
ups are expected to see increasing investments in 2019.
• The United Kingdom will be investing approximately $X million in SEA via the Low Carbon Energy Programme, starting from 2019.
• Singapore is leading the way in terms of climate change and sustainability, with multiple start-
ups providing disruptive technologies, such as Blockchain, IoT, and AI in sustainability technologies. It is also set to implement a carbon tax of $X/t CO2 from 2019.
• Climate change resilience is a priority for Malaysia, Indonesia, and the Philippines, with 2019 expected investment in these countries being $X million, $X million and $X million, respectively.
• China met its 2020 climate targets
3 years ahead of schedule, and
plans to bolster its climate change
mitigation initiatives in 2019, by
enabling more green financing in
the area of energy, buildings, and
climate change adaptation and
resilience.
• India is also tackling climate change on multiple fronts. It is expected to spend approximately
$X billion in 2019 on reducing greenhouse gases (GHGs) from agriculture. It is also looking to meet its RE targets via public and private financing. The country is also seeing a lot of investments in
sustainability start-ups.
The recent COP24 in Katowice ended on a positive note, with countries almost finalizing the Paris Agreement Rulebook. COP24 noted the importance of the Intergovernmental Panel on Climate Change (IPCC) SR1.5(the United States, Saudi Arabia, Russia, and Kuwait had opposed its welcoming). Although the green financing aspect of the rulebook has not been finalized, countries are seeing its importance in the climate-vulnerable APAC. Climate change mitigation and sustainability are expected to see increasing importance in 2019, with start-ups and disruptive technologies seeing more market success.
Source: United Nations; IPCC; Asian Development Bank (ADB); World Wildlife Fund (WWF); Frost & Sullivan Pre
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23 PA69-14
Dimensions of Climate Change and Sustainability The APAC climate change and sustainability scenario is quite dynamic, with efforts in multiple dimensions.
Rethink: Redesigning systems can help achieve
sustainable growth. China is a frontrunner in the
circular economy shift across the world. It will be
releasing its 14th Five Year Plan in 2019, and is
concentrating on this aspect by integrating climate
change and sustainability into its economic growth.
Renew: This refers to using RE in the system,
as well as renewing the environment. Vietnam’s
RE capacity is expected to grow X% in 2019, and
its government is creating an investment-friendly
environment for this.
Recover: Energy and materials need to be
recovered from the system when
unusable. Besides waste incineration in
countries such as Japan and South
Korea, processes such as pyrolysis and
organic decomposition of plastics are
gaining importance across APAC.
Reduce: This refers to minimizing resource
use in the system. India is using a multi-
pronged approach to energy efficiency, using
methods such as demand-side management,
energy labeling, building codes, and
market/digital transformation. Smart
appliances and LED lights are gaining
traction in the country.
Recycle: This refers to using by-products
and waste from the system. Singapore
is publishing a Zero Waste Master Plan in
2019, with the aim to reduce waste going
to its only landfill. This is expected to
create growth opportunities in the sector
in the latter half of the year.
Repair: Revitalizing broken systems can
avoid the climate cost of new products.
Malaysia is using an integrated approach to
urban water management by centralizing
water utilities in some regions. This will allow
it to improve water quality and reduce non-
revenue water (NRW) and water consumption
per capita.
Refurbish: This involves upcycling old and waste
products into new and usable products. Thailand
is looking at using its available sugarcane waste
(bagasse) and converting it into bioethanol for fuel
use. Start-ups across APAC are looking into
upcycling waste plastics into new, higher-value
products.
Reuse: This involves keeping materials and energy
from exiting the system. Anything-as-a-Service
(XaaS) and ‘sharing’ business models are being
used to good effect in Australia and New Zealand,
and are expected to see more use across APAC in
2019.
8Rs of Sustainability
and Climate
Change
Source: Ellen McArthur Foundation; Frost & Sullivan Pre
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69 PA69-14
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No part of it may be circulated, quoted, copied or otherwise reproduced without the written approval of Frost & Sullivan. Pre
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71 PA69-14
Abbreviations and Acronyms Used
AC Air Conditioner/Air Conditioning
AI Artificial Intelligence
AMI Advanced Metering Infrastructure
ANZ Australia and New Zealand
APAC Asia-Pacific
ASEAN Association of South East Asian Nations
bbl Barrel
BESS Battery Energy Storage System
BIM Building Information Modelling
bpd Barrels per day
CAPEX Capital Expenditure
CEA Central Electricity Authority
CIF Cost, Insurance, and Freight
CNOOC China National Offshore Oil Corporation
Source: Frost & Sullivan Pre
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72 PA69-14
Abbreviations and Acronyms Used (continued)
Source: Frost & Sullivan
DER Distributed Energy Resources
DERMS Distributed Energy Resource Management System
E&P Exploration and Production
EPC Engineering, Procurement, and Construction
ESS Energy Storage System
ETS Emission Trading Scheme
EV Electric Vehicle
FEED Front-end Engineering Design
FIT Feed-in Tariff
FM Facility Management
FSRU Floating Storage Regasification Unit
GHG Greenhouse Gas
GW Gigawatt Pre
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73 PA69-14
Abbreviations and Acronyms Used (continued)
Source: Frost & Sullivan
HMI Human Machine Interface
HVAC Heating, Ventilation, and Air Conditioning
ICT Information and Communication Technology
IDD Indonesia Deepwater Development
IFM Integrated Facility Management
ICT Information and Communications Technology
IGCC Investor Group on Climate Change
IoT Internet of Things
ISO International Organization for Standardization
JCI Japan Climate Initiative
KEPCO Korea Electric Power Corporation
LED Light Emitting Diode
LNG Liquefied Natural Gas
LPG Liquefied Petroleum Gas Pre
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74 PA69-14
Abbreviations and Acronyms Used (continued)
Source: Frost & Sullivan
M&A Merger and Acquisition
MAAS Microgrid-as-a-Service
MEA Metropolitan Electricity Authority
MTPA Metric Tons per Annum
MW Megawatt
NGO Non-governmental Organization
NRW Non-revenue Water
O&G Oil and Gas
OPEC Organization of the Petroleum-exporting Countries
PBR Performance-based Regulation
PLN Perusahaan Listrik Negara
PPP Public-Private Partnership
PPS Prefabricated Pumping Station
PV Photovoltaic Pre
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75 PA69-14
Abbreviations and Acronyms Used (continued)
Source: Frost & Sullivan
RUPTL Rencana Usaha Penyediaan Tenaga Listrik
RAC Room Air Conditioning
RE Renewable Energy
SaaS Software-as-a-Service
SEA Southeast Asia
SME Small and Medium-sized Enterprise
UPS Uninterruptible Power Supply
VPP Virtual Power Plant
VRLA Valve-regulated Sealed Lead Acid
XaaS Anything-as-a-Service
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