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The global low voltage (LV) and medium voltage (MV) commercial & industrial (C&I) transfer switch industry is expected to experience sustained growth between 2025 and 2035, driven by datacenter and digital infrastructure build out, the need for on-site back-up power, electrification of industries and industrial load and the integration of renewable...

The Growth Opportunities in the Global Nuclear Power Industry study examines global commercial nuclear power development from 2025 to 2035, covering reactors above 10 MWe and the life cycle services supporting the installed fleet. Global installed capacity is projected to grow 23.8%, reaching approximately 477 GW by 2035, with China contributing 65...

As the energy transition gathers pace in Europe, market evidence and the growth trajectory of alternative/low-carbon hydrogen point to a niche market opportunity where production and offtake will likely be dominated by traditional hydrogen consumption industries, including refining, chemicals, and petrochemicals, as well as heavy industrial sectors...

The enactment of the One Big Beautiful Bill Act (OBBBA) marks a dramatic shift in US energy policy. The OBBA significantly scales back the Inflation Reduction Act (IRA) tax credit support for wind and solar power, eliminates residential clean energy credit, energy efficiency home improvement credit, and electric vehicle credits, while extending sup...

The study outlines the general outlook for the offshore wind turbine market until 2025. The analyzes segments, how government plans and regulations drive the market, how geopolitical chaos restrain growth, how competitive intensity is dynamic and is both disrupted and driven by technology, including the transformative Mega Trends across the Asia-Pa...

Strong renewable energy growth, aging grids, industrial electrification, increasing regional interconnections, and power loads from data centers have collectively driven growth in power transformers. More than 30% of large power transformers have been in operation for more than 30 years, creating high replacement demand. A lack of available manufac...

The global O&G sector is witnessing an unprecedented transformation, triggered by efforts to improve efficiency, reduce carbon emissions, and increase reliance on renewable and environmentally friendly energy sources. The digitalization and automation of processes accompanying this shift represent enormous opportunities, and the sector is poised to...

28 Aug 2018  |  North America  |  Market Research

North American Electrification of Transportation—Investment, Forecast to 2024

Opportunities to Modernize the Electric Grid and Address the Challenges of Rapid EV Penetration

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Key Issues Addressed

The North American Electric Vehicle (EV) market has seen significant growth over the last 5 years, both in the US and Canada. Currently, new EVs sold in the North American market account for 1.4% of the total passenger vehicles sold. There is an anticipation that downward prices for batteries and vehicles, along with improved infrastructure will ac...

As organizations around the world continue to look for ways to decarbonize their operations, commercial heat pumps will witness growing adoption. This market is largely driven by government support measures to install, retrofit, and replace heating, ventilation, and air-conditioning (HVAC) systems with efficient heat pump systems. Heat pumps are a ...