Philippines Renewable Energy Market Summary, Competitive Analysis and Forecast to 2027
Summary
Renewable Energy in Philippines industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The renewable energy market consists of the net generation of electricity through renewable sources. It is divided into five segments, these being hydroelectricity, wind energy, solar, biomass, and geothermal. The volume of the market is calculated as the net volume of electricity produced through renewable means. The value of the industry is the amount of electricity produced multiplied by the wholesale price data for electricity generation.
- The Filipino renewable energy market had total revenues of $1.2 billion in 2022, representing a compound annual growth rate (CAGR) of 3.3% between 2017 and 2022.
- Market production volume increased with a CAGR of 2.3% between 2017 and 2022, to reach a total of 23,526.6 GWh in 2022.
- According to the Philippines Department of Energy (DoE), in 2022, the installed capacity from renewable energy (RE) reached 8,255 MW in the Philippines, up 4% (7,914 MW) from 2021. This growth is attributed to the introduction of new solar, biomass, and h
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Philippines
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines renewable energy market with five year forecasts by both value and volume
- What was the size of the Philippines renewable energy market by value in 2022?
- What will be the size of the Philippines renewable energy market in 2027?
- What factors are affecting the strength of competition in the Philippines renewable energy market?
- How has the market performed over the last five years?
- Who are the top competitiors in Philippines's renewable energy market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What have been the most significant mergers and acquisitions over the last year?
- 7.3. Which companies are responsible for the most significant renewable projects under development?
- 8 Company Profiles
- 8.1. ACEN Corp
- 8.2. PetroEnergy Resources Corporation
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Philippines renewable energy market value: $ million, 2017–22
- Table 2: Philippines renewable energy market volume: GWh, 2017–22
- Table 3: Philippines renewable energy market category segmentation: % share, by value, 2017–2022
- Table 4: Philippines renewable energy market category segmentation: $ million, 2017-2022
- Table 5: Philippines renewable energy market geography segmentation: $ million, 2022
- Table 6: Philippines renewable energy market value forecast: $ million, 2022–27
- Table 7: Philippines renewable energy market volume forecast: GWh, 2022–27
- Table 8: Solar Philippines Power Project Holdings: key facts
- Table 9: ACEN Corp: key facts
- Table 10: ACEN Corp: Annual Financial Ratios
- Table 11: ACEN Corp: Key Employees
- Table 12: PetroEnergy Resources Corporation: key facts
- Table 13: PetroEnergy Resources Corporation: Annual Financial Ratios
- Table 14: PetroEnergy Resources Corporation: Key Employees
- Table 15: Philippines size of population (million), 2018–22
- Table 16: Philippines gdp (constant 2005 prices, $ billion), 2018–22
- Table 17: Philippines gdp (current prices, $ billion), 2018–22
- Table 18: Philippines inflation, 2018–22
- Table 19: Philippines consumer price index (absolute), 2018–22
- Table 20: Philippines exchange rate, 2018–22
- List of Figures
- Figure 1: Philippines renewable energy market value: $ million, 2017–22
- Figure 2: Philippines renewable energy market volume: GWh, 2017–22
- Figure 3: Philippines renewable energy market category segmentation: $ million, 2017-2022
- Figure 4: Philippines renewable energy market geography segmentation: % share, by value, 2022
- Figure 5: Philippines renewable energy market value forecast: $ million, 2022–27
- Figure 6: Philippines renewable energy market volume forecast: GWh, 2022–27
- Figure 7: Forces driving competition in the renewable energy market in Philippines, 2022
- Figure 8: Drivers of buyer power in the renewable energy market in Philippines, 2022
- Figure 9: Drivers of supplier power in the renewable energy market in Philippines, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in Philippines, 2022
- Figure 11: Factors influencing the threat of substitutes in the renewable energy market in Philippines, 2022
- Figure 12: Drivers of degree of rivalry in the renewable energy market in Philippines, 2022
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