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: [email protected]

http://ww2.frost.com

 

SOURCE Frost & Sullivan


These press releases may also interest you

at 04:33
Under the theme of "Asia and the World: Common Challenges, Shared Responsibilities," the Boao Forum for Asia (BFA) Annual Conference 2024 was held in Hainan, China on March 26th. M&G has been the forum's official stationery supplier since 2005. As...

at 04:29
Gausium's commercial cleaning robots, the Scrubber 50 M series models (50 MR and 50 MD) and the Phantas S1 Pro M, were recently awarded the North American cTUVus certificate by TÜV Rheinland at the China Clean Expo (CCE) in Shanghai. Additionally,...

at 04:28
At the recently concluded 17th KEY Expo in Rimini, Italy, attendees were impressed by Slenergy's innovative products and robust service infrastructure, with European teams of service engineers based in Germany, Spain and Italy. Notably, the company's...

at 04:19
In the news release, SEMIFIVE Starts Mass Production of its 14nm AI Inference SoC Platform based Product, issued 27-Mar-2024 by SEMIFIVE over PR Newswire, we are advised by the company that the sixth paragraph, first sentence, should read "'AI...

at 04:10
Storytel's Annual Report and Sustainability Report 2023 is now published and available as a downloadable PDF document on our website.  FNCA Sweden AB is the Company's Certified Adviser. For more information, please contact:Mattias Frithiof, Head of...

at 04:00
Yukon Group, Europe's leading thermal imaging and night vision company, has launched the world's first upgradable thermal monocular for civilian use. The Pulsar Telos LRF XP50 is set to become an indispensable tool for hunters, explorers and rescuers...



News published on and distributed by: