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This edition of the Energy & Power Systems (EPS) TOE features information about the innovations in energy-efficient buildings, PEM fuel cell systems, molten-salt thermal energy, waste-to-energy systems, geothermal technology, gravity-based storage, heat-to-power conversion, microreactors, among others.The Energy and Power Systems TOE provide insigh...

11 Jul 2025  |  Global  |  Market Research

Turbine Services Industry, Global, 2024–2035

Increased Demand for Power Generation and an Aging Asset Base will be Key Drivers for Revenue Growth

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This Frost & Sullivan report focuses on the global turbine services industry, examining the factors that influence market shifts. While the global turbine services industry is relatively mature, there is significant potential for innovation in introducing advanced solutions. The turbine services market is projected to have a compound annual growth ...

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...

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...

As decarbonization strategies gather pace across industries, emissions management is emerging as a key growth opportunity because companies like to minimize their emissions impact. Frost & Sullivan has identified a complex and dynamic value chain and a set of process steps where opportunities abound: planning and advisory, measuring and monitoring,...

This study examines the global power cables industry, analyzing demand drivers, growth trends, and competitive dynamics. Key drivers identified in the study include the continued growth in renewable electricity generation (particularly offshore wind), the aging nature of infrastructure in developed economies, the rise of inter-regional transmission...

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...

Industrial electrification is rapidly shifting from a niche decarbonization effort to a central driver of competitiveness, resilience, and long‑term industrial growth. Process heat dominates manufacturing energy demand and relies heavily on fossil fuels, leaving industry exposed to emissions regulations, fuel price volatilities, and geopolitical ri...

The Asia-Pacific hydrogen market is highly fragmented, with a clear divergence between supply-led and demand-led markets. Countries such as Australia and China are positioned as large-scale, low-carbon hydrogen producers due to resource endowment and policy backing, while Japan and South Korea will continue to evolve as structurally import-dependen...