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As digitalization and decarbonization trends become more prominent, the oil and gas industry faces a dilemma: adapt or become obsolete. In the digital transformation era, producers must start exploring automation technologies if they want to remain competitive in the shifting industry. Automation applications that will have the biggest effects on i...

The energy industry is among the world’s most dynamic and in need of change. Power distribution companies and power retailers are a fundamental piece of the energy transition as they enable further demand in electrification, decentralized renewable energy integration, and greenhouse gas reductions while helping customers become more energy efficien...

10 Nov 2017  |  Global  |  Market Research

Global Wind Power Market, Forecast to 2025

$100 Billion a Year of Global Investment Forecast as Wind Becomes Increasingly Competitive with Conventional Fuels

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The global wind power market is driven by national governments' push to improve energy security, and in particular, to reduce coal consumption due to growing concerns about climate change and air pollution. The global wind power market has achieved exceptionally high growth rates over the past few years. More than half of the world’s wind power cap...

03 Aug 2020  |  Global  |  Market Research

Increased Digital Capabilities Powering the Hybrid Energy Market, Forecast to 2025

Future Growth Potential for Technology Providers, as Hybrid Power Plants Become the New Normal in the Transition to a Net-zero World

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Hybrid energy systems are catching a lot of attention in the energy industry: from utilities and independent power plants (IPPs) to technology providers, system integrators, project developers, and regulators. Globally, the market for large on-grid hybrid energy systems is at an early stage of development, waiting for proper regulations that can re...

A total of €21.8 billion will be invested between 2015 and 2030 on new power generation capacity in Romania. Nuclear accounts for the largest portion, but there is also investment in gas, hydro, and renewables. At the same time, a number of aging assets will be retired, not only in generation, but also in transmission and distribution. New grid inv...

The edge AI accelerator market is scaling rapidly as industries demand low-latency, privacy-aware intelligence for autonomous vehicles, industrial automation, smart cameras, robotics, and other applications. Cloud-based inference faces more limits from bandwidth, latency, and data sovereignty concerns, creating a strong pull for on-device AI proces...

Huge opportunities in energy savings have presented an excellent market opportunity for LED lighting across the globe. The LED market is also driven by factors like reduced cost, longer lifespan and government initiatives and regulations. The LED lighting market is set to grow at a rate of 8.4% from $58,619 million in 2018 to $95,040 in 2025. The ...

Investments in oil and gas (O&G) automation declined in 2020 and 2021 as demand dried up because of the COVID-19 pandemic. From 2021 onward, the market began gradually stabilizing and recovering, with high levels of growth starting in 2022. Industry 4.0 is driving the demand for new technology investments and has transformed the O&G value chain...

Ongoing efforts to mitigate climate change, in addition to the announcement of net-zero emission targets, have provided a boost to the hydrogen economy, further supported by the declining cost of electrolyzers. This positive momentum toward the hydrogen economy has ignited interest in the research and development of hydrogen storage materials. D...