APAC Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia Pacific Power Market is segmented by Power Generation (Thermal, Hydro, Renewables, and Others), Power Transmission and Distribution (T&D), and Geography (China, India, Japan, South Korea, and Rest of Asia-Pacific).

APAC Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC Power Market Size

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Asia-Pacific Power Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 4.62 terawatt
Market Volume (2030) 6.20 terawatt
CAGR 6.04 %
Market Concentration Low

Major Players

Asia-Pacific Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Power Market with other markets in Energy & Power Industry

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APAC Power Market Analysis

The Asia-Pacific Power Market size is estimated at 4.62 terawatt in 2025, and is expected to reach 6.20 terawatt by 2030, at a CAGR of 6.04% during the forecast period (2025-2030).

  • Over the medium term, factors such as increasing demand for electricity in residential, commercial, and industrial segments and the governmental push towards the adoption of renewable energy sources coupled with rising investment in the power sector are expected to drive the market.
  • On the other hand, a huge investment that is required for setting up and modernizing of power generation, transmission and distribution network, and weak private sector investment along with the plans to shut down coal-fired power plants are expected to impede the growth of the market.
  • Nevertheless, new models of solar cells made of a thin film technology that uses thin coatings of cadmium telluride in solar cells, which has higher efficiency and lower cost, may prove to be an opportunity in the sector.

APAC Power Industry Overview

The Asia-Pacific power market is fragmented. Some of the key players in the market (in no particular order) incluge Power Construction Corporation of China, NTPC Limited, Tokyo Electric Power Company Holdings, State Grid Corporation of China, and Korea Electric Power Corporation., among others

APAC Power Market Leaders

  1. NTPC Limited

  2. Tokyo Electric Power Company Holdings

  3. State Grid Corporation of China

  4. Korea Electric Power Corporation

  5. Power Construction Corporation of Chin

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Power Market Concentration
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APAC Power Market News

  • In November 2023, Amazon Inc., an American multinational technology company, launched a 198-megawatt (MW) wind farm located in Osmanabad, Maharashtra, India. This addition marks Amazon’s 50th wind and solar project in India, thereby reaching more than 1.1 gigawatts (GW).​ Between 2014 and 2022, the company’s wind and solar farms played a significant role in generating an estimated USD 349 Million (INR 2,885 Crores) in economic investment for Indian communities. 
  • In October 2022, Tenaga Nasional Berhad announced that it had received a Letter of Intent from the Malaysian Ministry of Energy and Natural Resources to develop a 2.1 GW combined cycle gas power plant. The plant will be located in Kapar, Selangor state (central Malaysia).

APAC Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity and Demand Forecast in TW, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Exponentially Increasing Electricity Demand
    • 4.5.1.2 Adoption of Renewable Energy
    • 4.5.2 Restraints
    • 4.5.2.1 Huge Investments for Setting Up Renewable Energy Infrastructure
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGEMENTATION

  • 5.1 Power Generation Source
    • 5.1.1 Thermal
    • 5.1.2 Hydro
    • 5.1.3 Renewables
    • 5.1.4 Others
  • 5.2 Power Transmission and Distribution (T&D)
  • 5.3 Geography
    • 5.3.1 China
    • 5.3.2 India
    • 5.3.3 Japan
    • 5.3.4 South Korea
    • 5.3.5 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
  • 6.2 Strategies Adopted by Key Players
  • 6.3 Key Companies Profile
    • 6.3.1 Power Construction Corporation of China
    • 6.3.2 National Thermal Power Corporation Limited
    • 6.3.3 Tokyo Electric Power Company Holdings
    • 6.3.4 State Grid Corporation of China
    • 6.3.5 Korea Electric Power Corporation
    • 6.3.6 China Huaneng Group Co., Ltd.
    • 6.3.7 China Huadian Corporation Ltd.
    • 6.3.8 Tata Power Company Ltd
    • 6.3.9 Kansai Electric Power Co., Inc.
    • 6.3.10 Chubu Electric Power Co., Inc.

7. MARKET OPPORTUNITIES and FUTURE TRENDS

  • 7.1 Development of Smart Grid Network
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APAC Power Industry Segmentation

Power generation is electricity generated through various primary sources such as coal, hydro, solar, thermal, etc. In utilities, it's a step before its delivery to its end users. Then the process is followed by transmission and distribution. Under this, the power generated is distributed via high-voltage lines (transmission lines) and low-voltage lines (distribution lines) as per the requirement of the end user.

The Asia Pacific power market is segmented into power generation source, power transmission and distribution (T&D) and geography. By power generation source, the market is segmented into thermal, hydro, renewables, and others. The report also covers the market size and forecasts for the power market across major countries in the region. For each segment, the market sizing and forecasts have been done based on installed capacity (TW).

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APAC Power Market Research FAQs

How big is the Asia-Pacific Power Market?

The Asia-Pacific Power Market size is expected to reach 4.62 terawatt in 2025 and grow at a CAGR of 6.04% to reach 6.20 terawatt by 2030.

What is the current Asia-Pacific Power Market size?

In 2025, the Asia-Pacific Power Market size is expected to reach 4.62 terawatt.

Who are the key players in Asia-Pacific Power Market?

NTPC Limited, Tokyo Electric Power Company Holdings, State Grid Corporation of China, Korea Electric Power Corporation and Power Construction Corporation of Chin are the major companies operating in the Asia-Pacific Power Market.

What years does this Asia-Pacific Power Market cover, and what was the market size in 2024?

In 2024, the Asia-Pacific Power Market size was estimated at 4.34 terawatt. The report covers the Asia-Pacific Power Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia Pacific Power Rental Industry Report

Statistics for the 2025 Asia-Pacific Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Power analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.