Driving power resilience in Asean''s renewable era
Asean''s tropical climate and rapid urbanisation make the region especially susceptible to these risks. Strained grids, which are already under pressure, make them prime
Over the short term, the Asia-Pacific solar inverter market is predicted to flourish due to the ambitious solar energy targets set by the Asian countries and the interests shown by private investors. On the other hand, the cut-throat competition from other renewables is expected to restrain the market shortly.
While data centres could account for 2% to 30% of national power demand in 2030, a third of ASEAN data centres could be powered by solar and wind. This report explores how rapid data centre growth in ASEAN could impact power sector emissions and highlights the need for faster industry decarbonisation.
Asia-Pacific Solar Inverter Market is poised to grow at a CAGR of 5% by 2027. Product innovation and the introduction of the latest technologies in solar PV inverters are creating opportunities for the market.
The Asia-Pacific solar inverter market is fragmented. Some of the key players in the market (in no particular order) include Fimer SpA, Schneider Electric SE, Siemens AG, Mitsubishi Electric Corporation, and Omron Corporation.
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