South East Asia Solar Energy Market Size and Outlook Report by Installed Capacity, by Demand, by Project Capacity (2019-2029)
South East Asia is becoming one of the fastest-growing solar energy markets due to rising demand for electricity and abundance of the solar resource. The growing energy demand and favourable renewable related policies are attracting both domestic and global investors. We have seen a massive wave of solar power projects across Singapore, Vietnam, Philippines and Thailand.
Singapore is working on the application for floating solar by developing offshore solar. Thailand plans to achieve a target of 1.25 GW of solar energy by 2020. It has great solar potential, especially the southern and northern parts of the northeastern region of Udon Thani Province and certain areas in the central region.
In Indonesia and Malaysia, the solar energy market is growing slowly and steadily. The respective governments are continuously encouraging the development of renewable energy through various policies.
The market for solar energy in Vietnam is mainly driven by a rapid increase in energy demand. The high energy consumption is a consequence of high industrial growth, urbanisation, increases in residential energy usage and adaptation of solar energy in the transport sector. The feed-in tariff, government support and investment across the value chain are set to shape the country solar energy market. On the other hand, the low electricity prices from fossil-based fuel, uncertainty around major solar projects, lack of private sector interest and increasing competition from other alternative fuel sources are some of the challenges which are expected to hinder the growth rate.
Scope and Coverage
Solar Energy Market in South East Asia 2019-2029 is a high data intensive report and encompass the following aspects of the market.
- Solar energy generation by country 2014-2029 (TWh)
- Solar power capacity by country 2014-2029 (GW)
- Solar power project capacity by plants 2019 (MW)
- Project/plant type
- Project/plant name
- Year of operating
- Status of the project
- Macroeconomics indicators by country 2014-2029
- ROTS Analysis (Risks, Opportunities, Trends and Strategies) in the South East Asia solar energy market
- Solar power capacity by country in South East Asia 2014-2029
- Solar demand by country in South East Asia 2014-2029
- Macroeconomic forecasts by country in South East Asia 2014-2029
- Brunei Darussalam
- Rest of South East Asia
|Publication date||August 2019|
|Report format||Excel data with supportive analysis in PDF|