Industries

The primary aim of this Frost & Sullivan report is to examine the factors influencing the growth of extended reality (XR) technologies in the energy industry. XR refers to the spectrum of immersive experiences and technologies that blur the line between the real and the simulated world through audio, visual, and haptic cues. It is at the heart of t...

Decarbonization, digital transformation, and technology innovation have accelerated significantly in the past 5 years. The global energy industry is experiencing an unprecedented transition, and this change is bringing exciting new growth opportunities to the oil and gas (O&G) industry. Digital technology and new business models are driving O&G opt...

04 Dec 2024  |  Global  |  Market Research

Residential Heat Pump Industry, Global, 2024-2035

The Need to Decarbonize Residential Buildings is Driving Transformational Growth

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The global residential heat pump (HP) market is forecast to reach 17.0 million units by 2035, up from 7.6 million in 2024. Market definitions are important to the market forecast, and Frost & Sullivan excludes the sale of HPs for air conditioning. Market revenues are forecast to reach $80.43 billion by 2035, at a CAGR of 8.5% from 2024 to 2035. As ...

This edition of the Oil and Gas (O&G) Technology Opportunity Engines features information on enhancing drilling precision using managed pressure drilling (MPD) technology. The TOE also covers the innovations in Gas-to-Liquid (GTL) technology to derive valuable hydrocarbons from natural gas. The TOE focuses on novel high-strength, corrosion-resistan...

Battery energy storage systems (BESS) are crucial in enabling the energy transition. Their deployment is essential to providing electricity systems' flexibility to support higher electrification, relying primarily on variable renewable energy (RE) sources. At the behind-the-meter (BTM) level, batteries are also increasingly recognized as a critical...

Battery energy storage systems (BESS) have become the fastest-growing clean energy technology driven by the growth of intermittent renewables and the need for grid flexibility. Homeowners are turning to batteries to maximize solar energy consumption, manage energy demand more efficiently, control costs, and reduce carbon footprint. Residential batt...

Alternative fuels will play a major role in achieving global decarbonization pathways, with the market poised for extremely strong growth over the forecast period (2024‒2030). This study focuses on dynamic and disruptive companies shaping the market across 3 main segments: biofuels, biogas, and eFuels. The industry sometimes refers to eFuels as s.....

This edition of the Energy & Power Systems (EPS) TOE features information on smart grid technology and renewable power generation.

The TOE also covers the innovations happening within high-voltage transmission and digital grid solutions. The TOE focuses on emerging innovations in dynamic yaw systems for wind turbines. The TOE provides infor...

This Frost & Sullivan analysis examines the increasing demand for generator services due to the growing need for generators in the commercial and industrial sectors as well as the factors that will drive or limit the market in the next ten years. The demand for power and the growing awareness among customers about the advantages of digital solution...