Search results for: 'Expand into New Vertical Markets, and Enable Trans'

Globally, the building industry accounts for about one-third of energy consumption and emissions. According to the International Energy Agency (IEA), as of 2019, the building industry’s energy consumption reached 130 Exajoule (EJ) and has increased by 20% compared to 2010 levels. Growing ownership and use of air-conditioning and extreme weather con...

20 Sep 2016  |  Global  |  Market Research

Growing Opportunity in the Global Microgrid Market

Decreasing Costs and Technological Advancements of Decentralised Power and Storage Drives New Market Growth

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“Microgrid” is the new buzzword amidst the rise of distributed energy resources and battery energy storage systems. Significant price declines in both distributed renewable power and battery technologies, coupled with more technological advancements in control and energy management systems, have created a vision of reliable, efficient, renewable, a...

23 Apr 2019  |  Global  |  Market Research

Growth Opportunities in the Stationary Fuel Cell Market, Forecasts to 2030

Increasing Acceptability and Falling Costs to Drive the Market for Fuel Cells

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Key Issues Addressed

Fuel cells are expected to see significant growth over the next decade, as countries move toward cleaner power to diversify their power mix away from fossil fuels. The market is expected to witness steady growth due to the construction and installation of fuel cell power by companies along with the declining cost of new/existing technologies, leadi...

11 Jun 2020  |  North America  |  Market Research

North American Generator Sets Market, Forecast to 2025

Market Participants Can Capitalize on Digital Technologies and Data to Increase Brand Exposure, Which will Help Minimize the Effects of the COVID-19 Pandemic

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Key Issues Addressed

In this research service, Frost & Sullivan reviews the rising need for generator sets in light of the current COVID-19 crisis. The study examines market drivers and restraints over the next 6 years. The growing need for power, coupled with an unreliable and inconsistent grid, will drive demand for commercial-industrial generator sets, while technol...

Distributed energy resources and distributed energy storage systems (ESS) are changing the face of power generation and distribution in the Organisation for Economic Co-operation and Development (OECD) countries. To tap these new market opportunities, consumers need to be properly supported with financing options for ESS installations. The study s...

Huge opportunities in energy savings have presented an excellent market opportunity for LED lighting across the globe. The LED market is also driven by factors like reduced cost, longer lifespan and government initiatives and regulations. The LED lighting market is set to grow at a rate of 8.4% from $58,619 million in 2018 to $95,040 in 2025. The ...

The global energy market is currently undergoing a massive shift with decarbonization, decentralization and new technologies being the key driving factors. Utilities, independent power producers (IPPs) and other energy companies are exploring effective ways to manage the imbalance created in demand and supply due to the intermittent nature of the g...

09 Feb 2015  |  North America  |  Market Research

Analysis of the North American Portable Generator Set Market

Environmental Concerns and Safety Policies Lead to Market Development

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Factors including increased customer awareness, unreliable grid-infrastructure, and severe power outages are likely to drive demand for portable generator sets during the forecast period (20142018). This study details the driving and restraining factors expected to impact the North American market by 2018. The portable generator set market is one ...

Diesel generator sets (gensets) are widely utilized to provide reliable mobile, stationary, or temporary on-site power, in an array of applications ranging from back-up power generation in mission-critical applications, such as hospitals and data centres, to peak-load generation in electrical grids. The European diesel genset market is experiencing...