Search results for: 'pace technology industry'

Electrofuels (e-fuels) have gained popularity as a potential solution to the environmental challenges from traditional fossil fuels. Renewable energy sources (wind or solar power) and carbon dioxide (CO2) captured from the atmosphere or industrial processes enable e-fuel synthesis. This report provides a comprehensive analysis of the e-fuel indust...

Frost & Sullivan’s security practice area covers a wide variety of solutions and technologies associated with commercial and public security as well as cybersecurity. Some of the markets studied under these two sectors include identity access management, endpoint protection, biometric solutions, border security, and managed security services. I...

Vehicle leasing solves several challenges associated with an organization's mobility needs, such as vehicle funding, fleet maintenance, and residual risk. To keep focus on their core products and services, businesses have to outsource support activities related to mobility, ranging from fleet purchasing to remarketing. Without an expert team on the...

This issue of High-Tech Materials Technology Opportunity Engine (TOE) profiles significant advances in nanotechnology for various industrial applications. The featured innovations include Liquid Polyoxymethylene Polyols for Sustainable and High-Performance Materials, Precision Engineered Materials for Next-Generation Electronics, Sustainable Leathe...

Driven by digital advancements, the healthcare industry is transforming rapidly. Current trends and challenges create constant change, and industry stakeholders must adapt to remain attractive, competitive, and unique as robust organizations. Each year, competitors must gain a fresh, comprehensive view of industry context, drivers, restraints, and ...

This study explores the potential growth opportunities for global industrial inspection robotics. The emphasis on workforce safety and customers' growing interest in automation are significant drivers for adopting robots for inspection services, which are being deployed across several industries, including oil and gas, utility, chemicals, railways,...

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...

The rapidly growing space industry has created new opportunities that will generate value from the use of space. The commercial space station industry is one such promising field that is now under development, by providing important services, such as astronauts and human habitation services, microgravity research, in-space manufacturing, and space ...

Globally, airports are experiencing rapid transformation focused on improving efficiency and enhancing the passenger experience by leveraging advanced technologies. As a result, airports are rethinking the way they operate and their use of solutions and technologies, leading operators to search for alternative and innovative solutions and technolog...