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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 ...

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...

21 Aug 2015  |  Global  |  Market Research

Global Power Plant Services Markets

Fossil-Fired Power Plants Maintenance Provides Counterbalance to Downturn in New-Build Business

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Aging power plants generate high revenues for the power plant servicing market The power plant services market is growing rapidly as new generating capacities are being added to plants to cope with the rising demand for electricity. The US is the biggest market in this segment and is expected to retain this position until 2030 due to the presenc...

The edge AI accelerator market is scaling rapidly as industries demand low-latency, privacy-aware intelligence for autonomous vehicles, industrial automation, smart cameras, robotics, and other applications. Cloud-based inference faces more limits from bandwidth, latency, and data sovereignty concerns, creating a strong pull for on-device AI proces...

Ongoing efforts to mitigate climate change, in addition to the announcement of net-zero emission targets, have provided a boost to the hydrogen economy, further supported by the declining cost of electrolyzers. This positive momentum toward the hydrogen economy has ignited interest in the research and development of hydrogen storage materials. D...

Concerns about climate change and carbon emissions have put enormous pressure on nations to reduce emissions and move toward carbon neutrality. Decarbonization of industry, transport, heating, and energy has become imperative, and stakeholders must act now to reach climate targets and prevent further damage to the environment. The global electro...

The access to electricity in Africa is well below the global average, presenting a significant opportunity for the development of the energy supply industry, largely in the form of private sector investments in electricity generation. Many African governments are under immense pressure to improve the quality and reliability of electricity supplied ...

Battery energy storage systems (BESS) have rapidly become the fastest-growing clean energy technology driven by the growth of wind and solar and the need for grid flexibility. While commercial and industrial (C&I) BESS installations have traditionally lagged behind grid-scale and residential deployments, the sector holds considerable opportunit...

The alternative fuels sector is entering a critical phase where execution, not ambition, determines leadership. Success hinges first on overcoming legacy cultural constraints, enabling faster decision-making, experimentation, and partnership-led innovation. At the same time, firms must standardize regulatory intelligence to navigate fragmented poli...