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This report provides an in-depth analysis of growth opportunities in the global generator set (genset) industry for 2025 to 2035, focusing on the transformative forces reshaping the market. It examines the impact of digitalization, sustainability imperatives, and hybridization on genset adoption across multiple sectors, highlighting how renewable e...

The global microgrids market will experience strong revenue growth, increasing from $8.85 billion in 2021 to $19.55 billion in 2030. North America and Asia-Pacific (APAC) will be the leading markets from 2021 to 2030. However, APAC will outpace North America and hold the highest share in the long term, focusing on remote microgrids. With largely se...

This edition of the Oil and Gas (O&G) Technology Opportunity Engines features information on real-time subsea robotics, subsea asset integrity and intervention systems, methane detection methods, predictive maintenance, burner monitoring system, and heavy oil recovery, among others.The Oil and Gas TOE provides intelligence on innovations pertaining...

The global battery energy storage industry is predicted to have double-digit growth, and this will be driven by both front of the meter and behind the meter applications. Falling battery costs, increased grid modernization initiatives, rapid growth in variable renewable energy generation, participation of battery storage in various wholesale electr...

This edition of the Oil and Gas (O&G) Technology Opportunity Engines features information on drone based gas leak detection systems, pulse injection systems for enhanced oil recovery, offshore decommissioning technology using Machine Learning tools, enhanced wellbore placement, artificial lift solutions, pipeline integrity monitoring, bulk petroleu...

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...

This edition of the Energy & Power Systems (EPS) TOE features information on vertical-axis wind turbine (VAWT) for urban energy solutions. The TOE also covers the innovations within virtual power plants to connect residential and commercial battery storage for optimized energy management. The TOE focuses on emerging innovations in long-life lead-ac...

27 Jun 2023  |  Global  |  Technology Research

Advancements in Digital Twin Technology Transforming the Energy Sector

Precise Modeling and Process Integration from a Single Platform to Enhance Analytics in Power Generation, Transmission, and Distribution

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To meet global emission reduction targets, renewable energy must account for at least 42% of energy consumption by 2030 and 60% by 2050, compared to 17% in 2021. Although the global power generation sector is moving toward renewable power to curb greenhouse gas emissions, renewable energy is intermittent. Therefore, its increased share in the power...

This edition of the Energy & Power Systems (EPS) TOE features information about the innovations in phase change materials for energy storage, tidal energy, agrivoltaics systems, floating PV, concentrated solar, LFP batteries, energy management systems, and tandem solar cells, among others.The Energy and Power Systems TOE provide insights on the lat...