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Asia Pacific Fossil Fuel New Energy Generation Market Trends

Report ID: GMI11467
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Fossil Fuel New Energy Generation Market Trends

Asia Pacific fossil fuel new energy generation industry is projected to observe significant uptake driven by evolving energy demands and economic factors. Fossil fuel power plants continue to play a critical role in meeting growing electricity demand due to rapid industrialization and urbanization as they provide reliable and affordable energy. Moreover, the significant surge in energy demand largely driven by robust infrastructure investment and rapid economic development both domestically and across neighboring countries will favor the industry growth. For instance, the Japan External Trade Organization (JETRO) reported that the total foreign direct investment (FDI) inflow in Japan totaled over USD 32.5 billion in 2022 rising from USD 24.6 billion in 2021 with an annual increment of about 31.9%.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Asia Pacific fossil fuel new energy generation market size was USD 292.3 billion in 2023 and is projected to observe a growth rate of 10.9% CAGR through 2032 driven by industrialization.

The coal segment in the Asia Pacific fossil fuel new energy generation market is projected to cross USD 460 billion by 2032 on account of its affordability, abundance, and reliability.

China fossil fuel new energy generation market is anticipated to cross USD 410 billion by 2032 owing to the rapidly increasing energy demand.

Adani Group, ArcelorMittal, China Datang Corporation, China Huadian Corporation, Engie, Larsen & Toubro, Medco Power Indonesia, Mitsubishi Power Asia Pacific, NTPC Limited, PT PLN (Persero), Tata Power, The AES Corporation, and Vietnam Oil and Gas Group.