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18 Dec 2023  |  Global  |  Technology Research

Technologies Enabling Industrial Electrification

Global Efforts to Deliver Net-zero Carbon Emissions Will Spur the Decarbonization and Electrification of Emissions-intensive Industries

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The global industrial sector is responsible for nearly 30% of carbon emissions annually. To achieve carbon reduction targets, demand is increasing for the electrification of key manufacturing processes. Focus is currently on achieving direct electrification, which involves replacing fossil fuels used in various industrial processes with technologie...

Energy is the world’s most dynamic industry in need of change. Electric utilities and power retailers are the backbone of the energy transition as they cope with increasing power demand and changing load patterns driven by electrification. They also enable greenhouse gas reductions by integrating distributed energy resources such as solar rooftops,...

Public and private sector investment in renewable energy, mainly solar PV and wind, is increasing in response to the need to reduce carbon emissions and dependency on fossil fuels. However, the intermittent nature of renewables requires investment in complementary grid support solutions. Battery energy storage solutions provide stability for the gr...

17 Nov 2023  |  Global  |  Market Research

Growth Opportunities for Emissions Management in Oil and Gas

Policies, Regulations, Innovations, and New Business Models Will Drive Implementation of End-to-End Solutions

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As the creation and implementation of decarbonization strategies gain pace across industries, emissions management emerges as a key growth opportunity. Frost & Sullivan has identified a complex, dynamic value chain and set of process steps in which opportunities abound: planning and advisory, measuring and monitoring, mitigation, removal, reporting...

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...

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 microgrids market revenue is forecast to increase from $3.37 billion in 2022 to $8.00 billion in 2030. While North America is projected to remain the largest regional market over the forecast period, the Asian region is expected to outpace its growth. With a largely secure grid infrastructure, the European Union has limited microgrid dev...

Geopolitical crises, such as the Russo-Ukrainian War and the recent Israeli-Hamas War, have highlighted the risks and challenges associated with dependency on imported fossil fuels. Energy security has become an important global megatrend since 2022, driving significant investment in renewable generation and other low-carbon alternatives. However, ...

Energy decentralization, supportive regulations and policies, greater focus on sustainability, and the crucial development of a hydrogen economy will drive stationary fuel cell industry growth during the next decade. The wider market for decentralized energy solutions is thriving as residential, commercial, and industrial customers look to achieve ...