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Smart sensors employs microelectromechanical systems (MEMS) and very-large-scale integration (VLSI) technology to function effectively. A smart sensor is a device that receives input from the physical world, and upon detection, leverages internal computing power to carry out predefined actions to provide optimized output. Key operations of smart se...

Digital twin technology is emerging as a viable opportunity for oil and gas (O&G) companies to utilize and analyze enormous amounts of production data. These solutions enable industry participants to visualize various hypothetical production scenarios in real time. Digital twins are virtual representations of existing assets or systems and allo...

21 Aug 2015  |  Global  |  Market Research

Global Power Plant Services Markets

Fossil-Fired Power Plants Maintenance Provides Counterbalance to Downturn in New-Build Business

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Aging power plants generate high revenues for the power plant servicing market The power plant services market is growing rapidly as new generating capacities are being added to plants to cope with the rising demand for electricity. The US is the biggest market in this segment and is expected to retain this position until 2030 due to the presenc...

Cloud communications emerged approximately two decades ago and, since then, business models and value propositions have evolved dramatically. Market power has shifted many times across vendors and service providers as various factors, including innovation velocity, strategy ingenuity and pocket depth, pushed certain participants to the top of the l...

The global commercial airline revenue management market is mature, registering about $773.9 million in 2021. Frost & Sullivan expects the market to reach $1.0 billion in 2032, moving at a compound annual growth rate (CAGR) of 2.6%. As airlines are adopting digitalization across all operational areas, vendors are upgrading their revenue manageme...

This research presents an in-depth analysis of the US PV Asset Management Systems Market. The high growth rates in PV installations since 2014 are now translating into a larger installed base that has to be managed. US solar capacity in 2017 stood at 46GW – by 2024 it will have more than doubled to reach 97.88GW. Declining costs are making projects...

Warehousing accounts for 18% of the $12 trillion globally spent on logistics. Warehousing refers to the temporary storage of goods before they are distributed to the end user in the supply chain. The industry has evolved over the years from providing only storing goods to offering other value-added services such as picking and packing, sub-assembly...

Technological revolutions in the logistics space have resulted in minimizing the current complexities and creating new opportunities for value-chain participants. Key future themes, including artificial intelligence, autonomous technologies, digital platforms and Blockchain are expected to create much disruption in the value chain and give rise to ...

Innovations in logistics are aplenty with APAC fueling a lot of this activity from its home ground. From self-running trucks to automated contracts, the supply chain is ripe for innovation and homegrown APAC start-ups are plowing the way. The market is seeing the rise of these new breed of participants along key future themes, including artificial ...