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The HV switchgear industry is recording strong growth, driven by a combination of grid upgrades, renewable energy penetration, urbanization, decarbonization, and grid-scale renewable integration. Growth is concentrated in the utility sector, with most investment coming from power generation and T&D operators who are looking to upgrade older systems...

11 Mar 2024  |  Global  |  Market Research

Carbon Markets: Trends and Growth Opportunities

Carbon Pricing Operates as an Instrument to Tackle Emissions and Accelerate the Transition to Net Zero

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Carbon markets are trading systems that use greenhouse gas (GHG) emissions as a commodity, setting a price on them based on the value of the emitted carbon dioxide. Companies can purchase and sell carbon credits or carbon offsets to compensate for their GHG emissions. There are two main types of carbon pricing initiatives, mandatory and voluntary, ...

After five years of buzz and excitement, 2023 has become somewhat of a reality check for the hydrogen industry. The volume of final investment decisions (FIDs) for projects has been low as financing costs and associated project scrutiny have increased. The results from utilizing hydrogen in some sectors have proved disappointing, with projected cos...

14 Jan 2020  |  Global  |  Market Outlook

Outlook for the Global Energy Storage Industry, 2020

The United States and China Continue to be the Key Energy Storage Markets, Supported by Strong Regulations, Legislative Policies, and Incentives

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Energy storage is gaining importance with increasing demand for energy in residential and industrial applications. With growing data consumption and a proliferation of cloud services, the demand for energy increases proportionately. Energy storage is a viable solution to utilize renewable energy and an attractive option for implementing clean energ...

The world's energy system is becoming more decentralized, with significant investments in generation assets at the commercial, industrial, and residential levels. One solution that has become popular is the installation of engines, as they can provide immediate base load or backup power. In today's competitive and regulated power engine market, ori...

The study covers T&D substation products market, growth trends, major challenges, competitive structure and T&D investment analysis of major countries in the Southeast Asia region. Base year of the study is 2013. Historic period covered is 2011 and 2012. The forecast period is 2014 to 2018. The study is segmented on the basis of country/region. Tra...

16 Dec 2022  |  North America  |  Market Research

Global Residential Heat Pump Growth Opportunities

Technology Strategies Push Heat Pumps to Play a Significant Role in Decarbonizing Heat

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Key Issues Addressed

The heat pump industry is now revolutionizing in terms of market uptake and initiatives toward grid decarbonization and wean away from Russian gas imports. Social and policy innovation will boost demand in the UK, Germany, and Ireland; high demand will be seen in France, Italy, and the Nordics and moderately high demand in Benelux, Austria, and Pol...

The nuclear industry has weathered the fallout of the Fukushima accident, with Japan expected to re-start reactors in 2015. Other countries will continue to pursue their investment plans. High capital costs, lingering safety concerns, and the trend toward de-centralized energy have limited nuclear power's potential in Europe and North America. Chin...

24 Oct 2016  |  Global  |  Market Research

Analysis of Global Modular UPS Market

Modular UPS to Grow at Twice the Rate as Compared to Traditional UPS Systems

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The global modular UPS market is expected to grow at a high pace over the forecast period, almost twice as fast as the traditional UPS market. The growth rates are expected to further accelerate post 2017. In 2015, North America and Europe accounted for majority of the total market revenues, with a combined share of 57.0%. However, Asia-Pacific (in...