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31 Mar 2023  |  Asia Pacific  |  Market Outlook
Asia-Pacific (APAC) Power and Energy Market Outlook 2023
Greater Emphasis on Energy Security, Renewable Energy Adoption, and Grid Investments Drive Growth
Frost & Sullivan observed that 2022 was a mixed year for the APAC power and energy sector. While the region benefitted from ending COVID-19 restrictions and increased economic activity, Russia's invasion of Ukraine meant it faced new energy security challenges as commodity prices rose, particularly for liquified natural gas. This has increased the ...
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05 Feb 2024  |  Global  |  Market Research
Generative Artificial Intelligence (GenAI) Applied for Internet of Things (IoT): Growth Opportunities
Integration Enables Efficiency and Problem-solving in Existing Processes and Revenue Generation from Emerging Opportunities
GenAI refers to algorithms and machine learning models used to create content, including text, audio, images, video, and code. To be a component of the IoT, Frost & Sullivan considers any product, application, or service must be part of a larger solution that comprises these 4 elements: Objects virtualized and imbued with data measurement ca...
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18 Mar 2021  |  Global  |  Market Research
Digital Twins in the Power and Utilities Industry
Decentralization and Decarbonization Will Drive Adoption across Power Generation, Transmission and Distribution, and Storage and Utilization Segments
Decentralization, digitization, and decarbonization are transforming the global power and utilities industry. Of these three trends, digitization is the core enabler for decarbonization and decentralization in the industry, disrupting how electricity is produced, stored, distributed, and consumed by end users. Digitization also opens numerous new g...
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04 May 2021  |  North America  |  Market Research
The Digital Transformation is Powering the North American Generator Sets Market
Increased Focus on Value Addition Related to System Flexibility and Digital Product Offerings; the Aim is to Gain a Competitive Advantage to Benchmark Future Growth Potential
In this research service, Frost & Sullivan reviews the rising need for generator sets in light of the growing demand for power. Rising customer awareness has also opened up opportunities for diesel and gas generators over the past 10 years. In addition, the growing adoption of digital solutions for resource management, remote monitoring, and asset ...
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08 May 2020  |  Global  |  Market Research
Global DC Power Systems Market, Forecast to 2025
5G Deployment to Lead Demand for DC Power Usage
DC power systems are expected to see growth as increased demand from telecom companies leads to increased deployment. Advent of 4G and 5G networks leads to steady growth of DC power systems as telecom base station power demand increases steadily. 5G deployment is the key driver for DC power systems, which is expected to see modest growth between 20...
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25 Feb 2020  |  Global  |  Market Research
Drones in the Global Power and Utilities Industry, Forecast to 2030
Technological Advancements in AI, Nanotechnology and IOT will Drive the Adoption of Drones in the Power and Utilities Industry
Drones or unmanned aerial vehicles (UAVs) are currently finding application opportunities across various commercial businesses and are poised to impact multiple industry verticals in various capacities. Drone applications are emerging in various sectors such as agriculture, mining, oil and gas (O&G), construction, utilities and environmental conser...
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20 Dec 2021  |  Global  |  Technology Research
Disruptive Technologies Enabling Building Energy Management Systems
Next-generation Sensors and Network Infrastructures Optimize Energy Efficiency and Power New Growth Opportunities
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...
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20 Aug 2021  |  North America  |  Market Research
Power Distribution and Retail Digital Transformation Growth Opportunities
Shift Toward Multifunctional Cloud Platform Solutions Powers Future Growth Potential
Digitalization is the key enabler of decentralization and decarbonization, the other two Ds shaping the energy industry transformation. Cloud computing, Big Data, analytics, and the Internet of Things (IoT) are among technologies that enable the digital transformation of electric utilities and facilitate new ways of electricity production, storage,...
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02 Dec 2019  |  Global  |  Market Research
Digitization of Oil and Gas—Understanding the Impact of IIoT-based Monitoring
Demand for IIoT-based Solutions Increasing Due to Regulatory Requirements and Need to Limit Downtime and Leakage Loss
This research service presents the opportunities for monitoring solutions based on the Industrial Internet of Things (IIoT) across the upstream, midstream, and downstream segments of the oil and gas industry. The study presents information on the various market trends with respect to sensing, monitoring, and emerging IIoT-based solutions in several...
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10 Aug 2020  |  Global  |  Market Research
5G-powered Digital Economy Catalyzing the Global Wireless Technology Market, 2020–2024
IoT, SDN, and Low-power Consuming Wireless Technologies to Drive Growth Opportunities
The global wireless technology market is well established and is witnessing a period of dynamic growth. This market is expected to expand its revenues from $1,431.30 billion in 2019 to $5,519.40 billion by 2024, at a CAGR of 31.0%. Wireless technology is used for enabling connectivity between different communication networks, within enterprises, or...
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