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Disruptive Global Pandemic Calls for Business Innovations in the Asia-Pacific Energy and Environment Industry, 2020

Disruptive Global Pandemic Calls for Business Innovations in the Asia-Pacific Energy and Environment Industry, 2020

Digitalization Led New Industry Landscape to Present Critical Business Opportunities

RELEASE DATE
02-Sep-2020
REGION
Asia Pacific
Deliverable Type
Market Outlook
Research Code: PAE6-01-00-00-00
SKU: EG02101-AP-MO_24688
$4,950.00
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SKU
EG02101-AP-MO_24688
$4,950.00
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Description

Coronavirus 2019 (COVID-19) has brought in new opportunities and business ideas in the midst of economic disruption. The entire value chain in energy and environment industries is affected and it is almost certain that most industry players will register a decline in growth rates in 2020. However, some immediate and mid- to long-term opportunities are present, and it is imperative that companies take ownership to thread through such trying times with the available opportunities. The need for various innovative and redefined digital platforms and new business models will be more important in the next 1 to 2 years.

Immediate impacts to the energy and environment industries are:
• Overall sluggish growth in 2020
• Local suppliers to benefit due to travel lockdowns
• Post-pandemic to call for safety measures in buildings
• Waste management will prevail due to rising clinical waste and disposal of wearables (face mask, etc.)
• Utilities will continue to be innovative in improving resource supply (electricity and water) in supporting activities that will lead to an economic rebound

Some of the growth opportunities present in the energy and environment industries are IR 4.0 in Oil & Gas, whereby enormous value can be unlocked through the integration of digital technologies such as 3D printing, 3D printing, artificial intelligence (AI), drones, digital twins, and predictive analytics across the value chain. Another growth opportunity is in wind power generation, where there will be positive outlook in wind power generation as many countries move towards offshore wind farms; this market will be led by Taiwan and China. In the microgrid segment, behind-the-meter application will come into sharp focus in the ASEAN region in 2020. Innovative business models for this segment will help power rural areas in the region. Co-working space and flexible workspace will bring mid- to long-term business opportunities. Heightened hygiene and security practices will force operational innovation and technology adoption in this segment; Asia-Pacific is the fastest growing region in flexible workspace management. In conclusion, most growth opportunities will bring renewed focus on technologies that promote efficiency and operational cost reduction. With growing need for digitalization and increasing prominence of operational efficiency, technology OEMs have to explore new business offerings and/or expand their roles across the industry value chain in order to stay competitive and relevant to their customers. Reprioritization of business strategies is inevitable for all industry participants, and companies will focus on industry improvements or advancements with digitization and other immediate quick-wins.

Author: Melvin Leong

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Impact of COVID-19 on Energy and Environment Industries

Impact of COVID-19 on Energy and Environment Industries (continued)

Impact of COVID-19 on Energy and Environment Industries (continued)

Impact of COVID-19 on Energy and Environment Industries (continued)

Top 23 Predictions for 2020

Top 23 Predictions for 2020 (continued)

Research Scope and Market Segmentation

Impact of COVID-19 on the Overall O&G Industry in APAC

Trend 1—Oil Price Likely to Stabilize After Witnessing Historic Lows

Trend 2—Drilling Activities to Decelerate Due to Depressed Demand for Oil Products

Trend 3—Construction of New Gas Pipelines is Likely to be Delayed

Trend 4—LNG Demand to Fall in 2020

Trend 5—Oil Storage Capacities Soon to Run Out Amidst Supply Glut

Trend 6—Downstream Sector to Witness an Early Rebound

Key Takeaways for the O&G Industry

Impact of COVID-19 on the Overall Energy Industry in APAC

Trend 1—Local Suppliers to Benefit Due to Travel Restrictions

Trend 2—Utilities to Accelerate with Advanced Digital Solutions

Trend 3—Brownfield Opportunities to be More Promising than New Projects

Trend 4—Investments in Coal Power Plants in Asia Likely to Remain Soft

Trend 5—Asia’s Growth in Solar Power to Hit a Speed Bump in 2020

Trend 6—Renewed Focus to Drive Positive Outlook in Offshore Wind Power Generation

Trend 7—Grid Equipment Replacement to Offer Short-Term Opportunities

Key Takeaways for the Energy Industry

Impact of COVID-19 on the Overall Buildings Industry in APAC

Trend 1—Building Construction and Building Automation to Charter Different Paths Post COVID-19

Trend 2—Building Technologies to Aid Post-Pandemic Recovery

Trend 3—FM Growth in 2020 Likely to Decline, Full Rebound Expected in 2022

Trend 4—Cost and Safety Concerns Lead to Curated FM Strategies

Key Takeaways for the Buildings Industry

Impact of COVID-19 on the Overall Sustainability Industry in APAC

Trend 1—Uninterrupted Water Supply to Become a Priority

Trend 1—Uninterrupted Water Supply to Become a Priority (continued)

Trend 2—Smart NRW Management to Support Efficiency in Supply and Cost

Trend 3—Post-Pandemic Situation to Call For New World Order in Sanitation and Waste Management

Trend 3—Post-Pandemic Situation to Call For New World Order in Sanitation and Waste Management (continued)

Key Takeaways for the Sustainability Industry

Impact of COVID-19 on Climate Change

Trend 1—Green Bonds to Witness More Investments

Trend 2—Sustainability Reporting a Must to Stay Competitive Globally

Trend 3—Emissions Trading Schemes (ETS) and Carbon Taxes Gaining Popularity

Key Takeaways for Climate Change

Growth Opportunity 1—IR 4.0 in Oil & Gas

Growth Opportunity 2—Wind Power Generation

Growth Opportunity 3—Solar Power Generation

Growth Opportunity 4—Coal Investment

Growth Opportunity 5—Transmission and Distribution

Growth Opportunity 6—Behind-the-Meter

Growth Opportunity 7—Co-working Space and Flexible Workspace

Growth Opportunity 8—Crowd Analytics

Growth Opportunity 9—BIM and Smart FM

Growth Opportunity 10—Virtual BAS

Growth Opportunity 11—Smart Waste Management

Strategic Imperatives for Success and Growth

Strategic Imperatives for Success and Growth (continued)

Key Conclusions

Legal Disclaimer

Learn More—Next Steps

Additional Sources of Information on Outlooks and Energy and Environment Industries

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Coronavirus 2019 (COVID-19) has brought in new opportunities and business ideas in the midst of economic disruption. The entire value chain in energy and environment industries is affected and it is almost certain that most industry players will register a decline in growth rates in 2020. However, some immediate and mid- to long-term opportunities are present, and it is imperative that companies take ownership to thread through such trying times with the available opportunities. The need for various innovative and redefined digital platforms and new business models will be more important in the next 1 to 2 years. Immediate impacts to the energy and environment industries are: • Overall sluggish growth in 2020 • Local suppliers to benefit due to travel lockdowns • Post-pandemic to call for safety measures in buildings • Waste management will prevail due to rising clinical waste and disposal of wearables (face mask, etc.) • Utilities will continue to be innovative in improving resource supply (electricity and water) in supporting activities that will lead to an economic rebound Some of the growth opportunities present in the energy and environment industries are IR 4.0 in Oil & Gas, whereby enormous value can be unlocked through the integration of digital technologies such as 3D printing, 3D printing, artificial intelligence (AI), drones, digital twins, and predictive analytics across the value chain. Another growth opportunity is in wind power generation, where there will be positive outlook in wind power generation as many countries move towards offshore wind farms; this market will be led by Taiwan and China. In the microgrid segment, behind-the-meter application will come into sharp focus in the ASEAN region in 2020. Innovative business models for this segment will help power rural areas in the region. Co-working space and flexible workspace will bring mid- to long-term business opportunities. Heightened hygiene and security practices will force operational innovation and technology adoption in this segment; Asia-Pacific is the fastest growing region in flexible workspace management. In conclusion, most growth opportunities will bring renewed focus on technologies that promote efficiency and operational cost reduction. With growing need for digitalization and increasing prominence of operational efficiency, technology OEMs have to explore new business offerings and/or expand their roles across the industry value chain in order to stay competitive and relevant to their customers. Reprioritization of business strategies is inevitable for all industry participants, and companies will focus on industry improvements or advancements with digitization and other immediate quick-wins. Author: Melvin Leong
More Information
Deliverable Types Market Outlook
No Index No
Podcast No
Predecessor Not applicable
Author Melvin Leong
Industries Energy
WIP Number PAE6-01-00-00-00
Is Prebook No
GPS Codes 9307-A4,9343-A4,9A33,9AFE-A4,9AFF-A4,9B00-A4,9851,9852,GETE