Summary
Renewable Energy in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 Singaporean renewable energy market recorded revenues of $412.8 million in 2024, representing a compound annual growth rate (CAGR) of 24.1% between 2019 and 2024.
- Market production volume increased with a CAGR of 15.1% between 2019 and 2024, reaching a total of 2,934.4 GWh in 2024.
- Singapore's renewable energy market has witnessed significant growth, driven by the country’s proactive adoption of innovative solar technologies. The deployment of floating solar farms, exemplified by the Tengeh Reservoir project in 2021, has enabled Singapore to overcome its land constraints while tapping into underutilized water bodies for clean energy generation.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Singapore
- 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 Singapore renewable energy market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Singapore renewable energy market by value in 2024?
- What will be the size of the Singapore renewable energy market in 2029?
- What factors are affecting the strength of competition in the Singapore renewable energy market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's renewable energy market?
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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. Geography segmentation
1.6. Market rivalry
1.7. 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. 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 are the strengths of the leading players?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Vena Energy Pte Ltd
8.2. Singapore Power Ltd
8.3. Sembcorp Industries Ltd
8.4. Sunseap Group Pte Ltd
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: Singapore renewable energy market value: $ million, 2019-24
Table 2: Singapore renewable energy market volume: GWh, 2019-24
Table 3: Singapore renewable energy market geography segmentation: $ million, 2024
Table 4: Singapore renewable energy market value forecast: $ million, 2024-29
Table 5: Singapore renewable energy market volume forecast: GWh, 2024-29
Table 6: Vena Energy Pte Ltd: Key Facts
Table 7: Vena Energy Pte Ltd: Key Employees
Table 8: Vena Energy Pte Ltd: Key Employees Continued
Table 9: Singapore Power Ltd: Key Facts
Table 10: Singapore Power Ltd: Key Employees
Table 11: Sembcorp Industries Ltd: Key Facts
Table 12: Sembcorp Industries Ltd: Annual Financial Ratios
Table 13: Sembcorp Industries Ltd: Key Employees
Table 14: Sunseap Group Pte Ltd: Key Facts
Table 15: Singapore Size of Population (Million), 2020-24
Table 16: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 17: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 18: Singapore Inflation, 2020-24
Table 19: Singapore Consumer Price Index (Absolute), 2020-24
Table 20: Singapore Exchange Rate, 2019-24
List of Figures
Figure 1: Singapore renewable energy market value: $ million, 2019-24
Figure 2: Singapore renewable energy market volume: GWh, 2019-24
Figure 3: Singapore renewable energy market geography segmentation: % share, by value, 2024
Figure 4: Singapore renewable energy market value forecast: $ million, 2024-29
Figure 5: Singapore renewable energy market volume forecast: GWh, 2024-29
Figure 6: Forces driving competition in the renewable energy market in Singapore, 2024
Figure 7: Drivers of buyer power in the renewable energy market in Singapore, 2024
Figure 8: Drivers of supplier power in the renewable energy market in Singapore, 2024
Figure 9: Factors influencing the likelihood of new entrants in the renewable energy market in Singapore, 2024
Figure 10: Factors influencing the threat of substitutes in the renewable energy market in Singapore, 2024
Figure 11: Drivers of degree of rivalry in the renewable energy market in Singapore, 2024
