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.The outlook for Asia-Pacific remains broadly positive despite China’s slowdown, as emerging and developing economies, including the Philippines, Laos, Cambodia and Myanmar, pick up pace in 2017. The region can insulate itself from the global economic decline following Brexit and the Trump victory by focusing on local investment and consumption. These two world events may appear detrimental to the current energy and environment policies, but 2017 will be a transition year for long-term changes. The regional trends that will dominate the Asia-Pacific market in 2017 include:
- China’s focus on nuclear power and other clean energy sources will continue to drive the solar sector; grid investment to remain robust
- The emergence of interstate grid transmission system as a key investment area in 2017 in India; microgrid market to grow 20.7 percent
- Smart grid investments to the tune of US$5.9 billion in Japan; the country will lead in smart meter installations
- Dominance of biomass and solar power in the RE sector in Southeast Asia; expected capacity growth of 27.1 percent and 28.1 percent, respectively.
P969-14 SOURCE Frost & Sullivan