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The global UPS market is witnessing growth due to data center demand across key countries such as the U.S, U.K, Germany, China, Japan, UAE, and African countries. UPS is an essential component to ensure uninterrupted, high power quality to equipment that cannot afford an interruption or disturbance in power. The market revived after a slump and is ...

The analysis of the global gensets industry examines growth drivers, restraints, and opportunities for applications and end-user segments affecting its growth outlook. The growth forecast spans 2023 to 2034, with 2023 as the base year. The analysis covers revenue and unit shipments for natural gas and diesel generators. The scope of the study does ...

The study traces the development of the Indian electricity market, providing key forecasts for the Indian power sector. It focuses on renewable energy (RE), new technologies, and future investment destinations in India. India is the third-largest power producer in the world, behind China and the United States. However, the country has been facing...

The global energy industry is undergoing an unprecedented transition, bringing exciting new growth opportunities to the oil and gas (O&G) industry. However, shifting to a net-zero future for carbon emissions means many companies face pricing, energy security, and industry disruption struggles. As the industry moves to meet decarbonization and su...

12 Jun 2024  |  Global  |  Market Outlook

Global Oil and Gas Industry Outlook and Growth Opportunities, 2024

Transformative Megatrends Drive Oil and Gas Companies to Digitize and Implement Decarbonization Initiatives

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The global energy industry is undergoing an unprecedented transition, bringing exciting new growth opportunities to the oil and gas (O&G) industry. However, shifting to a net-zero future for carbon emissions means many companies struggle with pricing, energy security, and industry disruption. As the industry moves to meet decarbonization and sus...

In 1921, geophysical acquisition technology which involves the generation and acquisition of seismic data to image sub-surface geology revolutionized earth science and resource exploration. Seismic technologies have come a long way since then; they now have the ability to illuminate and image complex subsurface targets at lower acquisition costs. O...

There is growing pressure on the global power sector to decarbonize, which in turn puts pressure on new investment in coal-fired power generation. Energy security is a significant mega trend, whose importance is heightened by the Russo-Ukrainian War and the resulting disruption in the global power market. Many of the traditional high coal dependenc...

Battery energy storage systems (BESS) are crucial in enabling the energy transition. Their deployment is essential to providing electricity systems' flexibility to support higher electrification, relying primarily on variable renewable energy (RE) sources. At the behind-the-meter (BTM) level, batteries are also increasingly recognized as a critical...

Energy decentralization, supportive regulations and policies, greater focus on sustainability, and the crucial development of a hydrogen economy will drive stationary fuel cell industry growth during the next decade. The wider market for decentralized energy solutions is thriving as residential, commercial, and industrial customers look to achieve ...