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Multi-Stakeholder Collaboration & Technological Innovations to Boost Electrification of Industrial Segments
03-Mar-2022
Global
Market Research
MG69-01-00-00-00
EG02221-GL-MT_26339
Continued concerns over global warming and increasing CO2 levels in our atmosphere undoubtedly transform how we generate, consume, and distribute energy. Governments worldwide are grappling for solutions to mitigate climate change and pave a pathway towards decarbonization. Our transition towards a sustainable future depends on developing alternative energy sources that are renewable and environment friendly.
Since 2010, industrial carbon emissions have continued to increase compared to other segments (energy sector, transport, buildings and agriculture, forestry and other land uses). Currently, industrial CO2 emissions represent an average of 29% of the global CO2 emissions during an average year. The industrial sector largely depends on fossil fuels to meet their energy demand. Heat makes up two-thirds of industrial energy demand across all industrial processes and almost one-fifth of global energy consumption, almost entirely powered by fossil fuels. Decarbonization of the industrial sector thus requires replacing the fossil fuel-based heating systems. However, this change is difficult across many industrial segments (steel, cement and other metals). Those industrial processes require high temperatures, which can be attained only using a fossil-fuel-based system.
To decarbonize the industrial segment, electrification of industrial processes is a promising alternative. It enables high process temperatures to be achieved in a tailor-made and efficient way and allows the utilization of RES. Electri?cation can be de?ned as the adoption of electricity-based technologies that replace technologies currently fuelled by non-electric sources, typically fossil fuels. The development of electrification technologies, including electric heat pumps, boilers, and furnaces powered by RES, can reduce emissions from the industrial sector. In addition, electri?cation of industrial processes also enables a reduction in ?nal energy use and has social and economic bene?ts, including a reduction in local air pollution, water consumption reduction and optimized production processes. Depending on the application, certain electrification technologies are commercially available, while others are still in development stages.
Concerning grid operations, electrification of the industry sector would mean increased pressure and load on the system. Increased industrial electrification would enable grid investments to expand electricity transmission and distribution networks. In addition, it would also lead to the development of aggressive and sustained supportive policies supporting research & development, demonstration, and new electrification technologies to run intensive thermal processes and meet net-zero carbon emissions goals.
In this study, we present a detailed analysis of the electrification of the industry sector, which includes a thorough introduction to the industrial sector and the established thermal processes across different industrial segments. Notably, the study presents other electrification technologies and their application across various industries in detail. The study also shows a detailed regional analysis of strategies for the electri?cation of sectors. Lastly, a roadmap for electrification of hard to abate industries, including steel, cement, chemicals and petrochemicals, are presented.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Electrification Industries
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Industrial Electrification Scope of Analysis
Geographical Scope
Analysis by Electrification Heating Technology
Analysis by Hard to Abate Industries
Key Questions This Study Will Answer
Industry Mega Trends—Global Pathway Toward Decarbonization
Global Emissions From Industries
Electrification of Industrial Processes
Electrification of Industrial Processes (continued)
Growth Drivers for Industrial Electrification
Growth Restraints for Industrial Electrification
Key Benefits of Industrial Electrification
How Can the Industrial Sector be Electrified?
Where are the Best Prospects for Industrial Electrification?
Industrial Electrification Technologies
Industrial Heat Pumps
Industrial Heat Pumps (continued)
Electromagnetic Heating Technologies
Electromagnetic Heating Technologies (continued)
Electric Resistance Heating
Electric Arc Heating
Electric Arc Heating (continued)
Summary of Electrification Technologies, Applications and TRL
Industrial Electrification Technologies Ecosystem
Key Strategies to Accelerate Electrification of Industry
Electrification of Industries—Roadmap
Electrification of the Iron and Steel Industry
Electrification of the Iron & Steel Industry (continued)
Electrification of the Iron & Steel Industry—Case Study
Electrification of the Iron and Steel Industry—Roadmap
Electrification of the Cement Industry
Electrification of the Cement Industry—Case Study
Electrification of the Cement Industry—Roadmap
Electrification of the Chemicals and Petrochemicals Industry
Electrification of the Chemicals and Petrochemicals Industry—Case Study
Electrification of the Chemicals and Petrochemicals Industry—Roadmap
Electrification of LNG
Electrification’s Impact on Gas Turbines
Electrification of LNG—Roadmap
Electrification of Offshore Oil and Gas Platforms
Electrification of Offshore Oil and Gas Platforms—Roadmap
Summary of Electrification Pathways for Hard-to-abate Industries
North America Analysis
Europe Analysis
Asia-Pacific Analysis
Latin American Analysis
The Middle East and Africa Analysis
Growth Opportunity 1: Mergers, Collaborations, and Partnerships to Drive R&D of Novel Electrification Technologies
Growth Opportunity 1: Mergers, Collaborations, and Partnerships to Drive R&D of Novel Electrification Technologies (continued)
Growth Opportunity 2: Increase in DER and BESS Integration to Drive the Adoption of Electrification Technologies
Growth Opportunity 2: Increase in DER and BESS Integration to Drive the Adoption of Electrification Technologies (continued)
Growth Opportunity 3: Growth of VPP and DR Regulates Electricity Usage and Accelerates the Adoption of Electrification
Growth Opportunity 3: Growth of VPP and DR Regulates Electricity Usage and Accelerates the Adoption of Electrification (continued)
Growth Opportunity 4: Connected Digital Hub Creates Faster Route to Net Zero
Growth Opportunity 4: Connected Digital Hub Creates Faster Route to Net Zero (continued)
Growth Opportunity 5: New Service Model for Utilities and ESCOs will Reduce the Load on Utilities Due to Electrification
Growth Opportunity 5: New Service Model for Utilities and ESCOs will Reduce the Load on Utilities Due to Electrification (continued)
Appendix—Technology Readiness Level (TRL)
Appendix—List of Acronyms
Appendix—List of Acronyms (continued)
Appendix—List of Acronyms (continued)
List of Exhibits
Legal Disclaimer
List of Figures
- Industrial Electrification: Transition Towards Decarbonization, Global, 2010–2050
- Industrial Electrification: Share of Industrial Emissions, Global, 2021
- Industrial Electrification: Share of Direct CO2 Industrial Emissions, Global, 2021
- Industrial Electrification: Share of Industrial Heat Demand by Temperature in Selected Industries, Global, 2021
- Industrial Electrification: Key Drivers, Global, 2022–2030
- Industrial Electrification: Key Restraints, Global, 2022–2030
- Industrial Electrification: Level of Initiatives by Governments, Global, 2021
- Industrial Electrification: Comparison of Capital and Operating Costs of a Gas Boiler and a Heat Pump, Global, 2021
- Industrial Electrification: Electromagnetic Heating Technologies, Global, 2021
- Industrial Electrification: Advantages of Electromagnetic Heating Technologies, Global, 2021
- Industrial Electrification: Applications of Electromagnetic Heating Technologies Across Different Industrial Segments, Global, 2021
- Industrial Electrification: Other Electric Heating Technologies, Global, 2021
- Industrial Electrification: Summary of Electrification Technologies, Applications and TRL, Global, 2021
- Industrial Electrification: List of Commercially Available and New Steel Making Technologies With Low Carbon Emissions in Greenfield Production Facilities, Global, 2021
- Industrial Electrification: Decarbonization Strategies by Major Steel Manufacturers, Global, 2021
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| Deliverable Type | Market Research |
|---|---|
| Author | Swagath Navin Manohar |
| GPS Codes | 9851,GETE |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| List of Charts and Figures | Industrial Electrification: Transition Towards Decarbonization, Global, 2010–2050~ Industrial Electrification: Share of Industrial Emissions, Global, 2021~ Industrial Electrification: Share of Direct CO2 Industrial Emissions, Global, 2021~ Industrial Electrification: Share of Industrial Heat Demand by Temperature in Selected Industries, Global, 2021~ Industrial Electrification: Key Drivers, Global, 2022–2030~ Industrial Electrification: Key Restraints, Global, 2022–2030~ Industrial Electrification: Level of Initiatives by Governments, Global, 2021~ Industrial Electrification: Comparison of Capital and Operating Costs of a Gas Boiler and a Heat Pump, Global, 2021~ Industrial Electrification: Electromagnetic Heating Technologies, Global, 2021~ Industrial Electrification: Advantages of Electromagnetic Heating Technologies, Global, 2021~ Industrial Electrification: Applications of Electromagnetic Heating Technologies Across Different Industrial Segments, Global, 2021~ Industrial Electrification: Other Electric Heating Technologies, Global, 2021~ Industrial Electrification: Summary of Electrification Technologies, Applications and TRL, Global, 2021~ Industrial Electrification: List of Commercially Available and New Steel Making Technologies With Low Carbon Emissions in Greenfield Production Facilities, Global, 2021~ Industrial Electrification: Decarbonization Strategies by Major Steel Manufacturers, Global, 2021~ |
| Podcast | No |
| WIP Number | MG69-01-00-00-00 |
Industrial Electrification Growth Opportunities
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