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Rapid Industrialization and Urbanization Accelerate Pace of Power Generation Construction Projects across Asia Pacific

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Published on : Apr 17, 2017

Albany, New York, April 17, 2017: The publication, titled “Project Insight - Power Generation Construction Projects: Asia-Pacific,” discusses the changing dynamics in the energy market of the region and its impact on the overall regional market. To offer a detailed explanation of these construction project, the research report has segmented them on the basis of the country. It determines how the changing demand for energy in developing economies is likely to have an impact on the trajectory of the overall market.

According to the research report, the Asia Pacific power generation construction projects boast a total of capacity of 1,103.9 GW. Presently, the cumulative value of these projects stands at US$1.67 trillion. The power generation construction projects are expected to gain momentum in the coming years as the developing nations of Asia Pacific such as India, China, Japan, and others are making arduous efforts to improve their GDPs by turning into manufacturing units for several end-user industries. Today, these countries serve as booming manufacturing hubs for industries such as automotive, textile, pharmaceuticals, chemicals and others. The demand for power due to rapid urbanization and infrastructural developments is also projected to have a positive influence on the power generation construction projects in the coming years.

These plants are being erected by for generating coal power, hydroelectric power, nuclear power, wind power, and solar power. The research report states that the demand and consumption of coal power is the highest due to high dependence of developing countries on coal power. The publication also states that coal power projects hold about 50% share in the overall market, accounting for a generating capacity of 522.5GW. Hydroelectric power closely follows with a production capacity accounting to 201.1GW, while nuclear stands at 149.3GW.

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In terms of countries, India is noted to have the high-value projects in the pipeline that are estimated to be worth US$454.5 bn. China trails this valuation at US$393.5 bn. Both of these countries are expected to be key contributors to the overall market over the forecast period. Projected investments in Asia Pacific coal projects are expected to amount to US$601.4 bn, which will be followed by nuclear projects at US$347.8 bn. 

The research report assesses the leading players operating in the Asia Pacific power generation construction projects. The chapter on competitive landscape presents a clear picture of the intensity of the competitive rivalry present in the overall market. This section of the research report also offers a valuable insight into the research and development strategies, merger and acquisition plans, and business and marketing strategies of the players in the Asia Pacific power generation construction project. The publication also highlights the top methods being used by companies in the market to stay ahead of the competition.

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