The energy and environment industry is undergoing rapid transformation from a static and conventional system to the fluid and dynamic Internet of Energy. Renewables are a significant portion of the world’s energy production, with rapid growth of the last decade spurring advanced solutions in grid technologies and energy storage. Nevertheless, fossil fuels continue to dominate much of the world’s power portfolio, from the adherents and detractors of fracking for oil and gas, to the continued high volume of coal used in key global regions. Services to the industry are rapidly evolving to leverage the influx of information from the Industrial Internet, creating new solutions and business models such as advanced predictive maintenance, optimized generation and storage, innovative energy efficiency solutions and X-as-a-Service. And all of this is driven by the push and pull of increasing demand for cleaner air and water alongside the need for more power and energy.
Frost & Sullivan works closely with the world’s largest OEMs, utilities, service providers and IT firms to help them find the opportunities in this sea of change. Our experts and consultants constantly engage with markets from oil and gas to electricity, grids to homes and buildings, and the critical needs for power, water, and environmental solutions across all sectors of the global economy.
24 Jan 2024  |  Global
Decarbonization and Decentralization of Power Generation to Drive Massive Investment in the Electricity Network
The industry faced significant challenges in 2023, as the ripple effect of supply chain and logistical issues echoed throughout the industry, which struggled to meet the strong demand for transmission and distribution (T&D) equipment. Despite supply chain challenges and economic uncertainty, the pressing need for grid modernization to meet the requ...
23 Jan 2024  |  Global
A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
Investments in oil and gas (O&G) automation declined in 2020 and 2021 as demand dried up because of the COVID-19 pandemic. From 2021 onward, the market began gradually stabilizing and recovering, with high levels of growth starting in 2022. Industry 4.0 is driving the demand for new technology investments and has transformed the O&G value chain...
19 Jan 2024  |  Global
Strong Data Center Growth and Industry Sustainability Efforts Will Drive Investment and Innovation in Cooling
Data center cooling systems are key components of data center architecture, which fulfill critical cooling requirements for electronic equipment. The global growth of the internet and mobile devices has led to the creation of enormous volumes of data that need storage and processing. As a result, the construction of data centers of all sizes has re...$4,000.00
17 Jan 2024  |  Global
Energy Ecosystem Participants to Benefit from Ultra-fast-growing BESS Market
The battery energy storage system (BESS) is a super-high growth market. The ongoing clean energy transition driving intermittent wind and solar capacity and the retirement of fossil-fuel-based generation plants requires critical services to balance the electricity system. BESSs have emerged as the most effective solution for this purpose. Estimated...
16 Jan 2024  |  Global
Techno-economic analysis of emerging PtX technologies decarbonizing critical hard-to-abate sectors
The International Energy Agency (IEA) estimates that emissions from the energy sector alone reached 37 gigatonnes (Gt) of carbon dioxide (CO2) in 2022, hitting a new milestone. Mitigating greenhouse gases (GHGs) and achieving long-term net-zero energy targets are focal points for several developed and developing countries. However, the defossilizat...
12 Jan 2024  |  Global
Maximizes Solar Energy Potential in Low-light Environments
Solar energy constituted 65% of the total 295 GW installed renewable capacity in 2022. About 70% of the deployed solar panels were monofacial panels that generate electricity from only the top side of the panel. Despite their popularity, these monofacial panels have encountered challenges related to space efficiency, energy yield, and dependence on...
12 Jan 2024  |  Global
Application Diversity and Potential for Lower Levelized Cost of Energy Fuel Interest
Net zero goals requires decarbonization in every aspect of human life, and renewable energy production is essential. Flexible solar cells are a compelling proposition because of their wide variety of existing and novel application areas. In contrast to conventional, fixed-format solar panels often crafted from crystalline silicon, flexible solar ce...
11 Jan 2024  |  Global
Advancements in Long-duration Energy Storage Enhance Future Growth Potential for Large-scale Renewable Energy Adoption
This study analyzes breakthrough advancements in mechanical energy storage (MES) technologies. With the decreasing cost of renewable energy, the contribution of clean energy systems to the global electricity mix has significantly increased, reaching around 30% in 2022. This, in turn, has led to an exponential surge in the demand for energy storage ...
09 Jan 2024  |  Global
The Flexibility, Lightness, and Safety of Thin Film Batteries Attract Global Interest
Electronic devices are an integral part of human life, serving a multitude of functionalities. Many application areas for example, electronic gadgets, health monitoring and medical devices, activity tracking, smart cards, and wearable electronics require lightweight, flexible, and compact energy storage solutions. The focus on miniaturization and c...
08 Jan 2024  |  Global
Dynamic Companies Driving Innovation in Artificial Intelligence, Machine Learning, Analytics, Internet of Things, and Digitalization
Technological and digital trends are transforming the oil and gas industry. Main players commonly choose operational technologies (OTs) to carry out the automation of their oil and gas processes; however, newer technologies, such as AI, IoT, and robotics are starting to gain more relevance in the industry. Oil and gas companies have adopted aut...