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27 Jun 2023  |  Global  |  Technology Research

Advancements in Digital Twin Technology Transforming the Energy Sector

Precise Modeling and Process Integration from a Single Platform to Enhance Analytics in Power Generation, Transmission, and Distribution

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To meet global emission reduction targets, renewable energy must account for at least 42% of energy consumption by 2030 and 60% by 2050, compared to 17% in 2021. Although the global power generation sector is moving toward renewable power to curb greenhouse gas emissions, renewable energy is intermittent. Therefore, its increased share in the power...

Pink hydrogen, produced using electricity, heat, or a combination of both from nuclear power has emerged as a scalable and low-carbon pathway for global decarbonization. Rapid advancements in nuclear-integrated electrolysis, including alkaline, PEM, and SOEC systems, are enabling deeper thermal coupling, improved conversion efficiency, and enhanced...

Climate changes in the past were attributed to astronomical deviations, however presently it is predominantly anthropogenic. Ocean acidification, air quality deterioration, and ice sheet melting are few evidences of climate change. Advanced monitoring technologies are greatly supporting formulation of action plans for managing changes in the enviro...

Virtual simulation and modeling technologies are transforming chemicals and materials research and development (R&D) by enabling precise design, testing, and optimization of materials and processes. These technologies facilitate the modeling of complex chemical reactions, allow for accurate predictions of material properties, and make production pr...

The growing demand for property development and management solutions in the real estate sector is prompting the rapid adoption of software and platforms commonly known as property technology (PropTech). PropTech simplifies tenant management and property and asset information management and integrates transactions between tenants, owners, facility m...

Building energy management is now a cornerstone of building energy sustainability. Mass digitization targets building systems management and focuses on occupant health and well-being, enabling proactive performance improvements and making buildings more human-centric. The COVID-19 pandemic emphasizes the importance of minimizing ecological footprin...

LiDAR is an optical remote sensing and imaging technology that utilizes non-visible light to map the ground surface and objects present on the surface of the Earth. It simultaneously captures millions of measurements of depth information in all directions and then creates high-resolution maps. The need for adapting LiDAR technologies in consumer...

This Frost & Sullivan analysis examines the global self-driving technology for ridehailing market. It provides a comprehensive analysis of the effect of self-driving technology on ridehailing globally, highlighting key players, tracking the evolving ecosystem, and investigating the pivotal factors driving the convergence of self-driving capabilitie...

Global insulation materials industry is poised for growth due to the rising demand of efficient insulation in both residential sector on account of the increase in energy costs and tightening governmental policies. The importance of energy conservation is also expected to drive the insulation market. Over the last few years, various government ini...