Le Lézard
Classified in: Oil industry, Science and technology
Subject: SVY

Frost & Sullivan: Smart Technology, New Business Models, and Cross-industry Digitization Revolutionize the Energy & Power Industry in Asia-Pacific



SINGAPORE, May 18, 2018 /CNW/ -- The Asia-Pacific energy and power industry is undergoing long-term changes with smart technology, new business models, and cross-industry digitization creating tremendous growth opportunities. While companies in this region continue to invest in alternative energy sources, the building energy management sector is moving from passive to active solutions.. Frost & Sullivan expects renewed investments in the oil and gas sector, with advantageous opportunities available in segments such as LNG and refinery.

"Efficient data collection, data monitoring, and data analytics is becoming indispensable. Market participants that offer products with highly precise data analytics capabilities will hold a competitive advantage," said Melvin Leong, Associate Director, Energy & Environment at Frost & Sullivan.

"By adopting customer-centric business models like X-as-a-Service, market participants will be able to improve the overall customer experience and also keep pace with the fast-growing technology trends," he added.

Frost & Sullivan's recent analysis, Asia-Pacific Energy & Environment Industry Outlook, 2018, reveals growth opportunities, regional trends, innovations, industry challenges, companies to actions, investment and capacity trends across key markets including oil and gas, power generation, grids, energy storage, distributed energy, buildings, and water.

Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan's thought leaders.

Five regional trends dominating the Asia-Pacific market and illuminating high growth opportunities include:

  1. China will become a refining hub in the Asia-Pacific regarding capacity addition and plant expansion. It will also continue to lead the market for solar installations and energy storage project with new government subsidies to promote energy storage;
  2. Japan will invest heavily in battery storage systems in the residential sector;
  3. Southeast Asia's annual solar power installations to grow by 66.7% in 2018, with Philippines, Singapore, and Malaysia being the key markets;
  4. Australia will complete the world's largest battery storage unit with strong investment expected in 2018; and
  5. Thailand and Indonesia will be critical hotspots in 2018.

"Understanding and leveraging cloud services will soon become vital. Companies must integrate cloud services into their portfolios ? either through organic or inorganic growth," noted Leong.

Asia-Pacific Energy & Environment Outlook is part of Frost & Sullivan's Energy & Environment Growth Partnership Service program.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Asia-Pacific Energy & Environment Industry Outlook, 2018
P9E7

Contact:

Melissa Tan
Corporate Communications ? Asia-Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com

http://ww2.frost.com

 

SOURCE Frost & Sullivan


These press releases may also interest you

at 18:20
Directors of IDACORP, Inc. today declared a common stock dividend of $0.63 per share, payable November 30, 2018 to holders of record at the close of business on November 5, 2018.    View original content to download...

at 18:00
Rowan Companies plc ("Rowan" or the "Company") announced today that its report of drilling rig status and contract information has been updated as of October 18, 2018.  The report titled "Fleet Status Report" can be found on the Company's website at...

at 17:58
SHINE Medical Technologies Inc. (SHINE), a Wisconsin-based company dedicated to being the world leader in the safe, clean, affordable production of medical isotopes, and Phoenix, LLC, manufacturer of the world's strongest compact neutron generators,...

at 17:16
SunPower Corp. will discuss its third-quarter 2018 financial results on a conference call, Tuesday, October 30, 2018  at 1:30 p.m. Pacific Time. The call-in number is (877) 371-5747 passcode: SunPower, or the webcast can be accessed from SunPower's...

at 17:00
Whitecap Resources Inc. ("Whitecap") announces that it intends to release its 2018 third quarter financial and operating results before market open on Thursday, November 1, 2018 and has scheduled a conference call and webcast to begin promptly at...

at 16:17
Leading global energy and commodity news and price reporting agency Argus has opened an office in Sao Paulo, as the company continues to expand its operations globally. The recent opening underscores Argus' long-standing...




News published on 18 may 2018 at 05:09 and distributed by: