Summary
Renewable Energy in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Renewable energy market includes net generation of electricity through renewable sources. Market is segmented into hydroelectricity, wind, solar PV, biopower, and geothermal. Market volume represents the net volume of electricity produced through renewable means. Market value is calculated by multiplying the amount of electricity produced by the wholesale price.
- The Filipino renewable energy market recorded revenues of $1,803.0 million in 2024, representing a compound annual growth rate (CAGR) of 4.0% between 2019 and 2024.
- Market production volume increased with a CAGR of 5.0% between 2019 and 2024, reaching a total of 24,714.6 GWh in 2024.
- The growth of the Philippines' renewable energy market has been significantly supported by increased private sector participation and foreign investment, alongside improving cost competitiveness of solar and wind technologies.
Scope
- Save time carrying out entry-level research by identifying the size, growth, 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
Reasons to Buy
- What was the size of the Philippines renewable energy market by value in 2024?
- What will be the size of the Philippines renewable energy market in 2029?
- What factors are affecting the strength of competition in the Philippines renewable energy market?
- How has the market performed over the last five years?
- How large is Philippines’s renewable energy market in relation to its regional counterparts?
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Table of Contents
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 strategies do the leading players follow?
7.3. What are the most recent developments in the market?
8 Company Profiles
8.1. Solar Philippines Power Project Holdings Inc
8.2. ACEN Corp
8.3. PetroGreen Energy Corp
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, 2019-24
Table 2: Philippines renewable energy market volume: GWh, 2019-24
Table 3: Philippines renewable energy market category segmentation: % share, by value, 2019-24
Table 4: Philippines renewable energy market category segmentation: $ million, 2019-24
Table 5: Philippines renewable energy market geography segmentation: $ million, 2024
Table 6: Philippines renewable energy market value forecast: $ million, 2024-29
Table 7: Philippines renewable energy market volume forecast: GWh, 2024-29
Table 8: Solar Philippines Power Project Holdings Inc: Key Facts
Table 9: ACEN Corp: Key Facts
Table 10: ACEN Corp: Annual Financial Ratios
Table 11: ACEN Corp: Key Employees
Table 12: PetroGreen Energy Corp: Key Facts
Table 13: Philippines Size of Population (Million), 2020-24
Table 14: Philippines Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 15: Philippines GDP (Current Prices, $ Billion), 2020-24
Table 16: Philippines Inflation, 2020-24
Table 17: Philippines Consumer Price Index (Absolute), 2020-24
Table 18: Philippines Exchange Rate, 2019-24
List of Figures
Figure 1: Philippines renewable energy market value: $ million, 2019-24
Figure 2: Philippines renewable energy market volume: GWh, 2019-24
Figure 3: Philippines renewable energy market category segmentation: $ million, 2019-24
Figure 4: Philippines renewable energy market geography segmentation: % share, by value, 2024
Figure 5: Philippines renewable energy market value forecast: $ million, 2024-29
Figure 6: Philippines renewable energy market volume forecast: GWh, 2024-29
Figure 7: Forces driving competition in the renewable energy market in Philippines, 2024
Figure 8: Drivers of buyer power in the renewable energy market in Philippines, 2024
Figure 9: Drivers of supplier power in the renewable energy market in Philippines, 2024
Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in Philippines, 2024
Figure 11: Factors influencing the threat of substitutes in the renewable energy market in Philippines, 2024
Figure 12: Drivers of degree of rivalry in the renewable energy market in Philippines, 2024
