9. Conclusion Economic and population growth in Southeast Asia has led to higher energy demand. With the limited source of fossil fuel, shifting into renewable energy is highly considered. It will provide clean, affordable, and long-term energy generation.
Moreover, it is forecasted that the Southeast Asia region is going to install another 27 GW of PV capacity between 2021 and 2025 . The development and government support toward PV system installation has been summarized the Table 1 below. Fig. 2. ASEAN market cumulative PV system installation in 2022 . Table 1.
Vietnam is expected to be the largest market in Southeast Asia due to its increasing demand for electricity and the rising number of renewable energy installations, and their connection to the country''s grid.
By 2024, PV demand reached 1–1.6 GW, with 2025 demand expected to rise to 1.4–2.4 GW, growing 40–50%. Vietnam is showing faster growth than most other Southeast Asian markets. Southeast Asia''s PV market is growing steadily, despite weaker demand in some countries.
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