Search results for: 'decade'

Solar PV accounted for 45% of all power generation investment in 2024, and is forecast to maintain this throughout the next decade. Inflation drove up project costs in 2023, but lower module and PV inverter costs meant costs started to decline in 2023 and continued to decline in 2024–a rarity for the power industry.Residential, commercial, and indu...

09 May 2025  |  Global  |  Market Research

Solar PV Inverter Industry, Global, 2024–2035

Record Investment Levels in Solar PV Drives Solar Inverter Revenues

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Solar PV accounted for 45% of all power generation investment in 2024, and it is forecast to maintain this throughout the next decade. Inverters are one of the key components within a PV system, accounting for anywhere from 5% to 15% of the total system value, depending on the end customer segment. This study assesses the global market potential an...

Tanzania, Kenya, Ethiopia, and Rwanda are key economies in the fast-growing East African region, which is emerging as a hotbed for energy-related investments. The expanding urban population, hydrocarbon discoveries, and the growing demand for modern energy forms, such as electricity and natural gas, will drive a socio-economic transformation wherei...

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...

Data center cooling systems are key components of data center architecture, which fulfill critical cooling requirements for electronic equipment. The global growth of the internet and mobile devices has created enormous volumes of data that require storage and processing. As a result, the construction of data centers of all sizes has reached a fren...

The Top 15 North American Power Generation Utilities, 2026 provides a comprehensive strategic assessment of the companies shaping the future of electricity generation across the United States and Canada. This study evaluates the continent’s most influential utility platforms—spanning regulated, hybrid, and competitive market structures—and classifi...

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...

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 ...

Our society's approach to producing, consuming, and distributing energy is changing due to mounting concerns about global warming and rising CO2 levels in the atmosphere. Governments worldwide are formulating regulatory frameworks, increasing their investments in low-carbon technologies to slow climate change, and decarbonizing their economies. An ...