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Project Insight - Power Generation Construction Projects: Asia-Pacific

Project Insight - Power Generation Construction Projects: Asia-Pacific

  • April 2019
  • 51 pages
  • ID: 2487281
  • Format: PDF
  • GlobalData


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Project Insight - Power Generation Construction Projects: Asia-Pacific

Asia-Pacific remains a key engine of global economic growth, and this is mirrored in its increased demand for power to fuel its vibrant industrial production and expanding populations.The Asia-Pacific region comprises 60% of the global population, and consumes more than half of the global energy supply.

China is by far the leading consumer of energy; in 2017 total consumption in China reached 3,132 million tonnes oil equivalent (Mtoe), equivalent to 23% of the world total, according to the BP Statistical Review. The Asia-Pacific region’s total consumption stood at 5,744 Mtoe.

China is the dominant investor in renewable energy, driven by the requirement to be less dependent on fossil fuels, which powered the growth in industrial production and the country’s urban expansion over the last two decades.The Five-Year Plan, produced in November 2016, set out a strategy for a reduction in coal in energy production from 64% in 2015 to 58% by 2020.

The need to reduce air pollution, which blights its major cities, has contributed to the strategy for more sustainable power sources.

The report provides analysis based on CIC projects showing total project values for Asia-Pacific and analysis by stage and funding for the top ten countries.The top 50 projects are listed for the region giving country, stage, value and type of power generation construction.

Values by ten types of project power categories are given, including nuclear, wind, coal and biomass.Power generation capacity (MW) analysis is also provided.

Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners.

GlobalData is currently tracking power generation construction projects in Asia-Pacific with a total value of US$2.0 trillion, which includes projects from the announced to execution stages. The pipeline comprises a relatively high share of projects at the early stages of development.

- With its economic dominance of the region, China has the highest value project pipeline both for the region and globally, with US$473.9 billion, or 28% of the total for the region. India follows with projects with a value of US$433.2 billion.
- Assuming all projects proceed as planned, spending will reach US$344.3 billion in 2020 and US$317.5 billion in 2021, and if all projects tracked in the Asia-Pacific region are completed, they would add 1,233GW to the region’s generation capacity.
- Coal is the dominant fuel for new power generation projects in Asia-Pacific. The total value of coal power generation projects being tracked in Asia-Pacific stands at US$523.8 billion, followed by hydroelectric plants with US$477.9 billion.
- Funding for projects is predominantly public, with 45%, followed by private with 35% and joint public and private with 25%.
- Many of the highest-value projects are in India and China. The largest three projects being tracked are nuclear power projects in India.

Reasons to buy
- Gain insight and see forecasts for the power generation construction sector.
- Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities.
- Plan campaigns by country, based on specific project opportunities and align resources to the most attractive markets.

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