The power generation market in the APAC region has been on the rise for the past few years, with the use of conventional fuel and its greener alternatives like solar and hydroelectric power. Factors like climate change and depleting fossil fuels also play a major part in the changes in the sector.
In the forecast period of 2022-2027, the Asia-Pacific power market is expected to grow at a CAGR of 3.5 per cent. Aspects such as increasing demand for energy, the regulatory drive towards adopting renewable energy sources, and growing investments in the industry are expected to be the propelling factor for the market.
This edition of Energy Tech Review features the top Power Generation Services Companies in the APAC region in 2023. It highlights some of the most notable advancements in the APAC power generation market and the sector’s significant growth in recent years, despite market limitations caused by the pandemic.
It features companies like Eneglobal, a renewable energy firm with a vertically integrated development pipeline model for solar power plants. It emphasizes sustainability and collaboration, particularly on high-quality site management and strong collaborations. It intends to expand its development area and lead toward a more sustainable future.
The magazine also includes the insightful viewpoints of Dr. Johannes Merkel, Head of Decarbonized Energy Systems, Siemens energy [ETR: ENR], and Marjun Manahan, Operations Technology Manager, Manila Water. They discuss the importance of hybrid power plants, a lowcarbon economy, and the production of biogas and biodiesel from organic and commercial by-products.
Write to us about how the advancements in the APAC Power generation sector have affected the functioning of your organizations!
