Industries

The need to decarbonize the industrial economy is becoming ever more important. Much has been achieved so far in the decarbonization of power generation, but progress in the realm of industrial decarbonization has been relatively slow. This is now gradually changing as businesses seek to comply with environmental, social, and governance (ESG) goals...

Global grid-scale battery energy storage system (BESS) deployment experienced unprecedented growth in 2023, expanding 159.5% from 2022. The year 2024 will break another record in new installations, with deployments of 41.84 GW/104.67 GWh. BESS has rapidly become the fastest-growing clean energy technology, driven by the growth of wind and solar ...

The highly polluting aviation industry has been increasingly targeted by policies and experts aiming to reduce its environmental impact. Accounting for 2% of global carbon dioxide emissions, the industry has begun its decarbonization process and is seeking to incorporate sustainable aviation fuels (SAF) to offset its emissions. SAF production and...

28 Aug 2024  |  Global  |  Market Research

Alternative Fuels Market, Global, 2024 2030

Oil and Gas Companies are Driving Transformational Growth by Developing Low Emission Fuels to Address Industrial Sector Decarbonization

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Alternative fuels will play a major role toward achieving global decarbonization pathways, and the market is poised for a period of extremely strong growth. This detailed study analyzes three main segments: biofuels, biogas, and eFuels. The industry sometimes refers to eFuels as synthetic fuels and sustainable aviation fuel (SAF) as bio-jet fuel. ...

26 Aug 2024  |  Global  |  Market Research

Growth Opportunities for Sustainability and Circular Economy of Water in the Oil and Gas Industry, Global, 2024 2030

Sustainable Water Management is Driving Transformational Growth

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The global market for sustainable water management solutions in the oil and gas industry is experiencing robust growth due to several interrelated factors. Escalating water scarcity is pushing companies to seek alternative water sources and optimize their water usage. Concurrently, increasingly stringent environmental regulations on water discharge...

This edition of the Energy & Power Systems (EPS) TOE features information about the innovations happening in pressurized alkaline water electrolysis technology. The TOE also covers the advancements in nickel–hydrogen batteries that are being developed as a worthy substitute to lithium-ion batteries. The TOE covers the development of high-pressure u...

13 Aug 2024  |  Global  |  Market Research

Growth Opportunities in the Hydrogen Electrolyzers Market, 2023 2033

Despite Challenging Market Conditions in the Short-term, Electrolyzers Will Likely Become a $28.18 Billion Market Play by 2033

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Electrolyzers use electrolysis to generate hydrogen from water. They will play a crucial role in the global transition towards clean energy because they provide a sustainable and efficient method for producing low- or zero-carbon hydrogen for various applications across many industrial sectors. The key factors that contribute to the electrolyzer in...

Hydropower plays a critical role in facilitating the transition to a net-zero carbon future. As a renewable energy source, it contributes a significant 60% to global renewable energy production. During the past five decades, hydropower has demonstrably mitigated climate change by preventing more than 100 billion tons of carbon dioxide emissions, wh...

2023 was a record-breaking year for power generation investment, with $864.6 billion committed to global projects. Climate obligations and supportive regulations are the mainstays of global growth. While China has significantly increased its renewable targets in recent years (partly to support domestic technology companies), the US' Inflation Reduc...