Industries Market Research Reports

Wind energy is expected to play a vital role in achieving emission reduction targets across industries. However, conventional wind energy systems face several challenges, including limited land availability, intermittent power generation, and the inability to exploit low- and high-speed wind environments. This report studies the next-generation win...

Geopolitical crises, such as the Russo-Ukrainian War and the recent Israeli-Hamas War, have highlighted the risks and challenges associated with dependency on imported fossil fuels. Energy security has become an important global megatrend since 2022, driving significant investment in renewable generation and other low-carbon alternatives. However, ...

2023 was a record-breaking year for power generation investment, with $840 billion invested in projects globally, up from $611 billion in 2022. Renewable energy dominated investment in 2023; solar PV and wind power combined accounted for $528 billion. Climate commitments and supportive regulations are the mainstays of global growth. China has signi...

18 Dec 2023  |  Global  |  Technology Research

Technologies Enabling Industrial Electrification

Global Efforts to Deliver Net-zero Carbon Emissions Will Spur the Decarbonization and Electrification of Emissions-intensive Industries

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The global industrial sector is responsible for nearly 30% of carbon emissions annually. To achieve carbon reduction targets, demand is increasing for the electrification of key manufacturing processes. Focus is currently on achieving direct electrification, which involves replacing fossil fuels used in various industrial processes with technologie...

After five years of buzz and excitement, 2023 has become somewhat of a reality check for the hydrogen industry. The volume of final investment decisions (FIDs) for projects has been low as financing costs and associated project scrutiny have increased. The results from utilizing hydrogen in some sectors have proved disappointing, with projected cos...

Decarbonization, digital transformation, and technology innovation have accelerated significantly in the past five 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) sector. However, the shift to a net-zero future concerning carb...

29 Aug 2023  |  Global  |  Technology Research

Methane Pyrolysis-based Hydrogen Production: Innovation and Growth Opportunities

Methane Pyrolysis is Advancing the Hydrogen Economy through Cost-effective and Low-emission Hydrogen Production

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The shift to a low-carbon, hydrogen-based economy is prompting the energy industry to explore more cost-effective and sustainable technologies, including methane pyrolysis (turquoise hydrogen), which offers significantly lower carbon emissions than steam methane reforming (SMR) and provides a more economical alternative to existing electrolysis-bas...

The global energy industry is undergoing an unprecedented transition, bringing exciting new growth opportunities to the oil and gas (O&G) industry. However, shifting to a net-zero future for carbon emissions means many companies face pricing, energy security, and industry disruption struggles. As the industry moves to meet decarbonization and su...

27 Jun 2023  |  Global  |  Technology Research

Advancements in Digital Twin Technology Transforming the Energy Sector

Precise Modeling and Process Integration from a Single Platform to Enhance Analytics in Power Generation, Transmission, and Distribution

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To meet global emission reduction targets, renewable energy must account for at least 42% of energy consumption by 2030 and 60% by 2050, compared to 17% in 2021. Although the global power generation sector is moving toward renewable power to curb greenhouse gas emissions, renewable energy is intermittent. Therefore, its increased share in the power...