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Global grid-scale battery energy storage system (BESS) deployment experienced unprecedented growth in 2023, expanding 159.5% from 2022. The year 2024 will break another record in new installations, with deployments of 41.84 GW/104.67 GWh. BESS has rapidly become the fastest-growing clean energy technology, driven by the growth of wind and solar ...

Membraneless electrolysis is rapidly advancing as a transformative technology for sustainable hydrogen production, offering solutions to membrane-related cost, durability, and gas purity challenges. Recent breakthroughs in electrode architecture, redox mediator design, and flow management have enhanced the efficiency, scalability, and operational f...

Advanced flow battery technologies are emerging as foundational systems for next-generation long-duration energy storage. Innovations in redox chemistry, electrolyte formulations, stack engineering, and modular system architecture have enhanced round-trip efficiency, reliability, and cost competitiveness. These batteries enable multihour renewable ...

This study presents a strategic overview of the evolving global energy landscape and identifies 20 companies poised to shape the future of power generation. It highlights the relationship between innovation, integration, and sustainability as the industry adapts to transformative megatrends, disruptive technologies, and geopolitical uncertainties.T...

The need for grid flexibility, energy security, and reliable electricity supply is accelerating the development of mechanical energy storage technologies. Beyond supporting the integration of variable renewable energy, the technologies address the need for long-duration energy storage, peak load management, grid stabilization, and power system resi...

13 Aug 2015  |  Global  |  Market Research

Global Industrial Steam Turbine Market

Growth in Renewable Energy and Independent Power Generation Will Drive the Market

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This market engineering study tracks the current global industrial steam turbine market in various regions and forecasts the market by revenue till 2020. The study explains the various factors that act as drivers and restraints to the market and gives an overview of the various industries where industrial steam turbines are used. Both market size b...

In this research service, Frost & Sullivan reviews the rising need for alternators in light of the growing demand from the commercial and the industrial sectors. The study also examines market drivers and restraints for the next 10 years. The rising need for power, along with growing customer awareness of the benefits of backup power, in light of t...

Wind energy is one of the fastest-growing energy sources in the world and is poised to play a key role in mitigating global climate change and future energy provision. Of the renewable energy technologies, wind energy ranks second only to hydroelectric power in terms of installed capacity, globally. The global wind power market has achieved excepti...

This research service examines the global diesel generator set market. With the rise of investments in infrastructure projects, along with the mismatch in power demand in developing markets, the need for diesel generator sets is increasing. This study discusses the driving and restraining factors that are expected to impact market development marke...