Energy Market Research Reports

The global microgrids market revenue is forecast to increase from $3.37 billion in 2022 to $8.00 billion in 2030. While North America is projected to remain the largest regional market over the forecast period, the Asian region is expected to outpace its growth. With a largely secure grid infrastructure, the European Union has limited microgrid dev...

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...

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...

Global public R&D institutes have always been the main driver of innovation and technology domain in the energy sector. The importance of public R&D for energy sector is further highlighted by the need for accelerated commercialization of emerging technologies that have been identified as vital for deep decarbonization of the global energy sector b...

Technological Advancements in Solid-state Batteries for EVs The trend of decarbonization of the global automotive sector has been the main factor driving the research on novel battery materials, owing to their prominence as a key enabling technology for the electrification of the transportation sector. Li-ion batteries have become synonymous to EV...

The global smart meter market continued to register strong growth in 2019, as major rollouts continued to accelerate. China led the trail and various pockets of Europe went ahead with large-scale pilots and installing second-generation smart meters. China continued to account for more than half of the global market, holding 56.2% of the total shipm...

25 Nov 2020  |  Global  |  Market Research

Advances in Green Hydrogen Create Opportunity across the Global Power Sector

Growth Potential Enhanced by Regulatory Frameworks, Rollout of Renewable Energy Sources, and Innovations in Electrolysers Technology

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Increasing concerns about carbon emissions and the need to decarbonize the industrial, commercial, transport, and power sectors have forced countries to reduce their dependency on fossil fuel-based systems and increase deployment of renewable energy sources (RES). To meet the 1.5-degree Celsius target, global renewable energy capacity should increa...

Transition to a carbon-neutral energy economy requires a more environmentally-friendly energy carrier. Hydrogen and its multiple end-use applications play a huge role to contribute to decarbonization of major sectors of the economy. Power-to-X (P2X) is an interconnections concept between the different energy carriers, which promotes the integration...

17 Nov 2020  |  Global  |  Market Research

Innovative Business Models Emerging from Digitalization in Generators, Global, 2020

Enhanced Customer Experience through Digital Energy Transformation Creating Growth Opportunities

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Key Benefits

Investment in digital technologies is booming across all industries, including power generation. This research aims to identify the generators industrys current use and future decision-making trends toward digital transformation. A recent Frost & Sullivan study found that 99% of businesses are at a particular digital transformation stage. Technolo...