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Energy transition, which refers to the shift from fossil fuel-based systems to zero-carbon solutions, is a complex process for the global energy industry, including suppliers and users. Timelines for eliminating carbon from energy systems vary by region, but most goals including the Paris Agreement focus on achieving net zero by the second half of ...

The global industrial and irrigation water management sector faces a critical juncture. Intensifying water scarcity, stricter regulations, and rising costs driven by supply chain disruptions and energy price hikes demand innovative solutions. This analysis explores 10 growth opportunities that leverage the principles of the circular economy to addr...

Smart grid modernizations have led to the development of remunerative programs that encourage consumers to optimize their energy consumption in response to penalties, pricing signals, or curtailment requests. The potential flexibility being infused by the programs have rendered consumers energy load and onsite generation capabilities to be consider...

Data centers are becoming vital for various business functions in the modern world. For example, enterprises increasingly outsource their data operations to third-party colocation service providers. These providers’ ability to scale in terms of physical space, adequate power supply, cooling systems for servers and network connectivity, and effectiv...

25 Apr 2024  |  Europe  |  Market Outlook

European Power & Energy Outlook and Growth Opportunities, 2024

Transformative Megatrends Continue to Drive Strong Growth in Europe

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The Russo-Ukrainian war has dealt a massive energy shock to Europe, galvanizing policymakers into action. 2023 saw a raft of legislation being finalized, leading to the creation of a legal framework to drive investment in clean technologies. The implementation of these policies will be critical to their effectiveness. Many of the easy decisions hav...

The Uninterruptible Power Supply (UPS) market in Turkey is poised for a period of strong growth. As investments are expected to continue and thrive in the healthcare, office building, telecom, and datacentre sectors, these application areas represent key growth opportunities for the Turkish UPS market. This study also provides a detailed overview...

South Africa is a middle-income, emerging market with abundant natural resources. Mining, mineral processing, and manufacturing are the main sectors driving industrial growth in the country. Globally, South Africa has one of the largest coal reserves; its use is limited to power generation and heating applications in industrial processes. The count...

The GCC turbine services market is expected to grow with increased number of turbine installations in the recent years. Competition among the major service providers is expected to be more intense in the coming years. Many of the service providers have established facilities in GCC and are investing more in their facilities. Investments in sectors ...

The International Energy Agency (IEA) estimates that emissions from the energy sector alone reached 37 gigatonnes (Gt) of carbon dioxide (CO2) in 2022, hitting a new milestone. Mitigating greenhouse gases (GHGs) and achieving long-term net-zero energy targets are focal points for several developed and developing countries. However, the defossilizat...