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06 Feb 2023  |  Global  |  Market Research

Battery Energy Storage Growth Opportunities

Renewed Governmental Support for Clean Energy Transition Propels an Already Fast growing Industry

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Global battery energy storage (BES) deployment grew 51.8% in 2022 from 2021, with 17.54 GW/38.2 GWh commissioned. 2022 was a historic turning point in the clean energy transition. Despite constraints in the supply of critical minerals and materials, shipping, and sitting and permitting processes, BES is a burgeoning technology poised for accele...

This study provides a broad overview of the global stationary flow battery energy storage market, identifying the factors driving and restraining growth. The increasing adoption of renewable sources of power, particularly in the utilities and commercial and industrial (C&I) sectors, has driven the demand for long-duration energy storage systems. Fl...

Energy security and the energy transition are the key drivers of investments in the hydrogen industry. Hydrogen is considered a key pillar of decarbonization because it is one of the few routes available for decarbonization of some sectors like oil and gas, mining, iron and steel, and heavy transport. Its energy density and phase changeability faci...

Carbon Capture, Utilization, and Storage (CCUS) will play a huge role in the global shift toward decarbonization of industries in the decades ahead. As the global energy transition accelerates and impending deadlines for a carbon-neutrality approach, the CCUS market will present dynamic growth opportunities across regions and industrial sectors to ...

31 Jul 2023  |  Global  |  Market Research

Global Inflight Connectivity Growth Opportunities

Competitive Intensity Leading to Market Consolidation and Industry Collaboration

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With the rapid technology advancements and demand for seamless inflight connectivity services, the global inflight connectivity service market is forecast to increase at a CAGR of 3.3% to $968.8 million by 2032. Increasing passenger demand for seamless inflight connectivity, advancements in satellite communication technologies, and air traffic grow...

Public and private sector investment in renewable energy, mainly solar PV and wind, is increasing in response to the need to reduce carbon emissions and dependency on fossil fuels. However, the intermittent nature of renewables requires investment in complementary grid support solutions. Battery energy storage solutions provide stability for the gr...

Carbon capture utilization and storage is gaining industry traction as a highly effective decarbonizing strategy. Global efforts to combat climate change, government incentives and industrial emission regulations, eco-conscious consumers, and green technology advancements are among the factors driving the need for CCUS solutions. CCUS implementa...

26 Jun 2023  |  Global  |  Technology Research

Emerging Technology Innovations in Sodium-ion Batteries

A Lower Levelized Cost of Storage and Enhanced Safety Characteristics Drive Sodium-ion Batteries Toward Successful Commercialization

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The world requires more energy storage solutions for a vast range of applications—electric mobility, on-grid and off-grid stationary energy storage, consumer electronics, and data centers, among others. Lithium-ion batteries, currently the most widespread energy storage technology, face many issues that novel energy storage technologies must overco...

Blue hydrogen production is among the topmost growing segments of the carbon capture, utilization, and storage (CCUS) market. The blue hydrogen sector is estimated to grow exponentially after 2024, mainly driven by immense government support, such as funding, incentives, and regulations for its development and deployment. In addition, the demand fo...