Investors are also eyeing transition leaders across the Asia–Pacific region. India, Taiwan, and South Korea host fast-growing clean-tech champions, while China continues to dominate renewable innovation. Between 2019 and 2024, APAC companies in energy storage, green mobility and low-carbon power expanded revenues at compound annual growth rates of 66%, 74% and 26%, respectively, outpacing peers in the U.S. and Europe.
Source: MSCI ESG Research, FactSet. Pure-play solutions providers are defined as those that earn more than 50% of their revenues from the identified low-carbon business lines based on the MSCI Sustainable Impact Metrics methodology, as of the latest assessed financial report. Low-carbon solutions providers (excluding pure players) are identified using a low threshold of 5% to include companies that are potentially transitioning and positioning for growth from the identified low-carbon business lines. Energy storage includes fuel cells and other energy storage solutions, such as battery energy storage. Green mobility includes zero emissions and hybrid vehicles and clean transport infrastructure (e.g., railway infrastructure). Low-carbon power includes renewable energy (solar, wind, wave tidal, small hydropower, geothermal, waste-to-energy and biomass) and nuclear power. Revenue growth is calculated in USD. Weights are derived using the average revenue of companies between 2019 and 2024. Winsorization of the average year-over-year growth rates was done at the 5th and 95th percentile to reduce the influence of extreme values.