Energy Future is Green & Sustainable

With the rising urbanization and industrialization of businesses today, where it’s all about power-run technology and digital systems, having a strong energy back-up is critical to the organizations and individuals separately. Also, where energy exists in renewable (Solar, Wind, Geothermal, Hydropower, & Bioenergy) and non-renewable (oil, natural gas, coal, & nuclear energy) forms, it is also important to use it wisely presuming environment concerns and safety. The challenging year 2020 was really hard for all, and 2021 seemed to let the energy industry reflect on the subject quite deeply concerning the climate change risks and the need for sustainable solutions & processes picturing a better future.

The Energy market is quite diverse, segmented by type, source, and storage. According to Research and Markets reads, the Asia-Pacific Power and Energy Market to be investing more than $48 billion in the Renewable Energy sector in 2022. Despite certain supply chain constraints faced in the past, the installation of renewable energy sources is expected to gain momentum as the demand for clean energy solutions accelerates in Asia-Pacific. As per Global Market Insights, utility Solar PV EPC Market Size was valued at over $45 billion in 2020 and is anticipated to grow at a CAGR of over 10 percent during 2021-30. Where EPC market is proficiently helping the energy industry’s growth, Energy Storage companies are also complimenting the energy industry providing for the energy storage requirements.

 The Asia-Pacific battery energy storage system market is expected to grow at a CAGR of more than 12.4 percent over the period of 2021-2026, as per MarketsandMarkets. While, Residential Energy Storage market size is projected to grow from $719 million in 2022 to $1828 million by 2027, registering a CAGR of 20.5 percent. As a whole, the market for Asia-Pacific energy storage systems is expected to grow at a CAGR of 23.5 percent during 2022-31, according to MarketWatch finds. There are many energy providers and manufacturers of the energy equipment & machineries across the Asian region today, offering their quality products and services.